You deposit $5000 in an account earning 2% interest compounded continuously. How much will you have in the account in 15 years?

Answers

Answer 1
The compound interest is given by:
A=p(1+r/100)^n
where:
A=future amount
p=principle
r=rate
n=time in years
Therefore given that, p=$5000, r=2% and n=15 years, the amount after 15 years will be:
A=5000(1+2/100)^15
A=5000(1+0.02)^15
A=5000(1.02)^15
A=6,729.34
We conclude that the amount after 15 years will be $6,729.34

Related Questions

Use the direct variation equation y=x/4 to solve for x when y =60

Answers

We have to solve for x when the equation is y = x / 4 and y = 60. We will charge y = 60 into the function:
60 = x / 4
or:
60 = x : 4
x = 60 * 4
Answer:  x = 240

What percent of 28.8 is 3.6?

Answers

divide them:

3.6/28.8 = 0.125

0.125 = 12.5%


Sixty dash fivesixty-five percent of households say they would feel secure if they had? $50,000 in savings. you randomly select 88 households and ask them if they would feel secure if they had? $50,000 in savings. find the probability that the number that say they would feel secure is? (a) exactly? five, (b) more than? five, and? (c) at most five.

Answers

 To solve the following problems, we use the binomial probability equation:

P (r) = [n!/(n-r)! r!] p^r q^(n-r)

where,

n = total number of households = 8

r = number of sample

p = probability of success = 65% = 0.65

q = probability of failure = 0.35

 

A. r = 5

P (r=5) = [8! / 3! 5!] 0.65^5 0.35^3

P (r=5) = 0.28

 

B. r >5

P (r=6) = [8! / 2! 6!] 0.65^6 0.35^2

P (r=6) = 0.26

P (r=7) = [8! / 1! 7!] 0.65^7 0.35^1

P (r=7) = 0.14

P (r=8) = [8! / 0! 8!] 0.65^8 0.35^0

P (r=8) = 0.03

Therefore total is:

P (r>5) = 0.26 + 0.14 + 0.03 = 0.43

 

C. r ≤ 5

P (r ≤ 5) = 1 - P (r>5)

P (r ≤ 5) = 1 – 0.43

P (r ≤ 5) = 0.57

 

 

18000 decrease by 15% every year for 3 years

Answers

1st year= 18000 x 0.85 = 15300
2nd year= 15300 x 0.85 = 13005
3rd year= 13005 x 0.85= 11054.25

16 less than one-fourth of some​ number, w" can be expressed algebraically as

Answers

"16 less"= -16

"one-fourth some number w"= w/4

So together

w/4-16

Draw a quadrilateral with the given description

A rhombus with 6-centimeter sides and two 80 degree angles

Answers

By definition, a quadrilateral is a general term for a parallelogram and a rhombus. They are both 4-sided two-dimensional shapes with two sets of parallel sides. However, a rhombus is a special case. It has equal sides. Consequently, all its angles are equal. Therefore, the resultant drawing is alike to what's in the attached picture. But technically, all its sides are equal to 6 cm and all its angles are equal to 80°.

Answer:

Step-by-step explanation:

By definition, a quadrilateral is a general term for a parallelogram and a rhombus. They are both 4-sided two-dimensional shapes with two sets of parallel sides. However, a rhombus is a special case. It has equal sides. Consequently, all its angles are equal. Therefore, the resultant drawing is alike to what's in the attached picture. But technically, all its sides are equal to 6 cm and all its angles are equal to 80°.

How much water should be added to 14 mL of 15% alcohol solution to reduce the concentration to 7%?

Answers

Final answer:

To decrease the concentration of a 15% alcohol solution to 7%, 16 mL of water needs to be added to the original 14 mL solution.

Explanation:

The problem involves using the concept of concentration dilution that is C1V1 = C2V2, where C1 is the initial concentration, V1 is the initial volume, C2 is the final concentration, and V2 is the final volume.

First, we need to convert the percentage to decimal so, C1=0.15 (15% as a decimal) and C2=0.07 (7% as a decimal). We know V1=14 mL (the starting volume of the 15% alcohol solution) and we are solving for V2.

Insert the known values into the equation and solve for V2: (0.15)(14) = (0.07)(V2). After calculation, V2 is approximately 30 mL.

To figure out how much water should be added to reduce the concentration from 15% to 7%, subtract the initial volume from the final volume: 30 mL - 14 mL = 16 mL.

So 16 mL of water needs to be added to the 15% alcohol solution to reduce the concentration to 7%.

Learn more about concentration dilution here:

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A salesperson earns a base salary of $36,000 plus 2 1/2% commission on sales. His total sales for one year was $500,000. Find the salesperson's total pay for that year.

Answers

The answer would be 48,500. 
Final answer:

To calculate the salesperson's total annual pay, we add the commission earned from the total sales to the base salary. The commission is $12,500, and the base salary is $36,000, resulting in a total pay of $48,500.

Explanation:

The question asks us to determine the total pay for a salesperson with a base salary and a commission percentage on total sales. To find the salesperson's total pay for a year, we calculate the commission earned from total sales and add it to the base salary. The salesperson's commission is 2 1/2% of $500,000, which can also be written as 0.025. We calculate the commission by multiplying 0.025 by $500,000, which equals $12,500. Therefore, the total pay for the salesperson for that year is the sum of the base salary of $36,000 plus the commission of $12,500, which gives us $48,500.

24x2+25x−47=(−8x−3)(ax−2)−53

Answers

hello : 
the question is : find : a 
24x²+25x−47=(−8x−3)(ax−2)−53
                      = -8ax²+16x-3ax +6-53
                       =  -8ax²+16x-3ax  - 47

24x²+25x−47= -8ax² + (16-3a)x -47
so : -8a = 24
       16-3a =25
a = 24/-8 = -3
16-3(-3) =25...right
conclusion : a = = -3

jane drinks 3 1/2 pints of milk a day. how much is this in cups?

Answers

Hey there!

So what we need to know first is how many cups are in a pint...

1 pint = 2 cups 

So now we can set this up as a ratio or a fraction... then give the value of cups a variable (x)

1:2 = 3.5:x
x = 7 cups      <----- That's your answer!  

I hope this helps! :D

Please vote me for Brainliest if there is a second answer! ^__^

What is the cube root of 0?

Answers

Answer: 0³=0, Zero cannot be squared cubed or Rooted, added, substance, multiplied, divided etc. the answer is always 0.

The cube root of 0 is 0; this is because 0 multiplied by itself three times is 0.

The cube root of 0 is simply 0. This is because any number, when multiplied by itself three times, which is what we are doing when we take the cube of a number, that results in 0, must have been 0 to start with. The cube root operation is asking us what number, when cubed, gives us the original number, and in the case of 0, 0³ equals 0. Therefore, the cube root of 0 is 0.

In a study of blood donors, 200 were classified as group O and 250 had a classification other than group O. What is the probability that a person will have group O blood? (Enter your answer as a fraction.)

Answers

Probability of O = (number with O)/(Total number of cases)

It always works like this.

P(O) = 200/450 = 4/9

james put $1000 in a 2-year CD paying 7% interest, compounded monthly.

Answers

To find the future value of this investment the formula is
A=p (1+r/k)^kt
A future value?
P present value 1000
R interest rate 0.07
K compounded monthly 12
T time 2 years
A=1,000×(1+0.07÷12)^(12×2)
A=1,149.81

Answer with explanation:

Principal = $ 1000

Time = 2 years

Rate of Interest = 7 %

Since of rate of interest is compounded monthly,

then, [tex]R=\frac{7}{12}\\\\T=2 \times 12 =24[/tex]

Amount after 2 years

 [tex]=P\times [1 +\frac{R}{100}]^T\\\\=1000 \times [1+\frac{7}{1200}]^{24}\\\\=1000 \times [\frac{1207}{1200}]^{24}\\\\=1000 \times (1.00583)^{24}\\\\=1000\times 1.14972\\\\=1149.72[/tex]

Amount after 2 years, when rate of interest, is compounded monthly=$ 1149.72  

A rectangular garden has a length of 12 feet. You need 36 feet of fencing to enclose the garden. What is the width of the garden.

Answers

The width of the garden would be 6 since it is looking for perimeter. I set an equation to find it:
Equation and steps:
12+12+x+x=36        x= width of the garden
24+2x=36
2x=12
x=6

The width of the rectangular garden is 6 feet with a perimeter of 36 feet.

What are the area and perimeter of a rectangle?

We know the perimeter of any 2D figure is the sum of the lengths of all the sides except the circle and the area of a rectangle is the product of its length and width.

Given, A rectangular garden has a length of 12 feet.

Assuming the width of the garden to be x feet.

We know the perimeter of a rectangle is 2(length + width).

∴ 2(12 + x) = 36.

24 + 2x = 36.

2x = 12.

x = 6 Or the width is 6 feet.

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Which of the following nonlinear inequalities is graphed below? Picture included below!! PLEASE HELP ASAP!

Answers

I think it is A, cause the horizontal axis is 4 (x), and the vertical axis is 8 (y)
and then the <= means that it is inside the ellipse

Answer:

The correct option is A.

Step-by-step explanation:

The general form of an ellipse is

[tex]\frac{x^2}{a^2}+\frac{y^2}{b^2}=1[/tex]

Where, (0,0) is the center of ellipse, (±a,0) are x-intercepts and (0,±b) are y-intercepts.

From the given graph it is clear that the center of ellipse is (0,0), (±2,0) are x-intercepts and (0,±4) are y-intercepts. So, the equation of ellipse is

[tex]\frac{x^2}{(2)^2}+\frac{y^2}{(4)^2}=1[/tex]

[tex]\frac{x^2}{4}+\frac{y^2}{16}=1[/tex]

The shaded region is inside the ellipse, (0,0) lie in the solution set and the points lie on the ellipse are included in the solution set, therefore the sign of inequality is ≤.

[tex]\frac{(0)^2}{4}+\frac{(0)^2}{16}\leq 1[/tex]

[tex]0\leq 1[/tex]

This statement is true. The required inequality is

[tex]\frac{x^2}{4}+\frac{y^2}{16}\leq 1[/tex]

Therefore, the correct option is A.

this figure is a regular 12 sided polygon and measure of a angle is 4

Answers

Well, a 12 sided polygon is called a dodecagon. I hope this helps!

You have just purchased a 10-year, $1,000 par value bond. the coupon rate on this bond is 8 percent annually, with interest being paid each 6 months. if you expect to earn a 10 percent simple rate of return on this bond, how much did you pay for it?

Answers

V =  I (PVIFA kd, n) + MV (PVIF kd, n)

I=(1000×0.08)/2=40

(PVIFA kd, n)=((1−(1+0.1÷2)^(−2×10))
÷(0.1÷2))

Mv =1000

(PVIF kd, n) =1÷(1+0.1÷2)^(2×10))

So the answer is
V=40×((1−(1+0.1÷2)^(−2×10))
÷(0.1÷2))+(1,000÷(1+0.1÷2)^(2×10))
=875.38...answer


Identify each statement as true or false, show how you would rewrite it to make it a statement.

Answers

1. false= 3•2+3•4
2. true
3. false= 7•20+7•8
4. false= 4•5+4•10
5. true

if 3×1=34 2×3=65 6×1=67 5×4=209 then 6×3=

Answers

189.

3*1=34 --> split this into two parts. 3*1 is 3 and 3+1 is 4 so put them together and you get 34.

Answer:

189 is the answer

Step-by-step explanation:

Add or subtract the following mixed numbers using the first method. Be sure your answers are in mixed number format and reduced to lowest terms. 3 3/8 + 2 1/6 =

Answers

we have the number here are 3 3/8 and 2 1/6
by using the first method,
multiplying 3/8 with 3/3 and 1/6 with 4/4 we get 9/24 and 4/24 so,
3 9/24 + 2 4/24 = (3+2) and (9/24 + 4/24)
when adding 3 and 2 we get 5 and adding 9/24 and 4/24 we get 13/24
so the answer is 5 and 13/24

-1/9 - (-2/15)
write in simplest form

Answers

-1/9 - (-2/15)
= -1/9  +2/15
= -5/45 + 6/45
= 1/45

You have $36,948.61 in a brokerage account, and you plan to deposit an additional $3,000 at the end of every future year until your account totals $280,000. you expect to earn 11% annually on the account. how many years will it take to reach your goal? round your answer to two decimal places at the end of the calculations.

Answers

Current amount in account
P=36948.61

Future value of this amount after n years at i=11% annual interest
F1=P(1+i)^n
=36948.61(1.11)^n

Future value of $3000 annual deposits after n years at i=11%
F2=A((1+i)^n-1)/i
=3000(1.11^n-1)/0.11

We'd like to have F1+F2=280000, so forming following equation:
F1+F2=280000
=>
36948.61(1.11)^n+3000(1.11^n-1)/0.11=280000

We can solve this by trial and error.


The rule of 72 tells us that money at 11% deposited will double in 72/11=6.5 years, approximately.
The initial amount of 36948.61 will become 4 times as much in 13 years, equal to approximately 147800 by then.
Meanwhile the 3000 a year for 13 years has a total of 39000.  It will only grow about half as fast, namely doubling in about 13 years, or worth 78000.
Future value at 13 years = 147800+78000=225800.
That will take approximately 2 more years, or 225800*1.11^2=278000.

So our first guess is 15 years, and calculate the target amount
=36948.61(1.11)^15+3000(1.11^15-1)/0.11
=280000.01, right on.

So it takes 15.00 years to reach the goal of 280000 years.

Look at the quadratic equation below. x2 - 10x + 16 = -5 What is this quadratic equation written in standard form? A.5x2 + 10x - 16 = 0 B.5x2 - 10x + 16 = 0 C.x2 - 10x + 11 = 0 D.x2 - 10x + 21 = 0

Answers

ax^2+bx+c=0 is the standard form, so we add 5 to both sides to get 

1*x^2+(-10)x+21=0

Find the quotient of 3 1/8 and 1 2/7 .

Answers

The answer is 2 because you have to 3 1/8 and 1 2/7

Traveling at 65 miles/hour, how many feet can you travel in 22 minutes? How do you know?

Answers

65 miles per hour


feet in a mile: 5,280 ft


65 divided by 60= 1.08 miles per minute

22 x 1.08 = 23.76 miles

23.76 mi x 5,280 ft = 125,452.8 ft in 22 minutes
keeping in mind that there are 5280 feet in 1 mile, and 60 minutes in 1 hour.

[tex]\bf \cfrac{65~\underline{miles}}{\underline{hr}}\cdot \cfrac{5280~ft}{\underline{miles}}\cdot \cfrac{\underline{hr}}{60~min}\implies \cfrac{65\cdot 5280~ft}{60~min}\implies \cfrac{343200~ft}{60~min} \\\\\\ 5720\frac{ft}{min}[/tex]

now, if you can do 5720 feet in 1 minute, how many can you travel in 22 minutes?

well, just 22 * 5720.

car rental in Thailand cost $35 per day when booked in advance. If rented locally you would be charged 1800 bahts per day. If the exchange rate is 40 bahts equals $1 how much cheaper is it to book in advance

Answers

40 bahts = $ 1.....so 1800 bahts = 1800/40 = $ 45

book in advance = $ 35

so it is (45 - 35) = $ 10 bucks cheaper to book in advance

Answer:

advance booking is cheaper by 400 bahts or $10.

Step-by-step explanation:

Car rental cost in advanced booking = $35 per day

and

when the rented locally it is charged = 1800 bahts per day

it is given that,

$1 is equal to 40 bahts.

now,

Car rental cost in advanced booking =  35  × 40

                                                              = 1400 bahts

hence, when booking is done advance

  the cost is cheaper  by  1800 - 1400 = 400 bahts

hence, advance booking is cheaper by 400 bahts or $10.

Which system is equivalent to
y= 9x^2
x+y=5
?

Answers

Answer : Option A

Explanation:

we can clearly see that from x+ y=5 we can substitute  y = 5-x in y = 9x^2

Option B is clearly incorrect  x can not be y -5

Option C  is incorrect because y can not be 5 +x

Option D is incorrect because  its y = 9x^2 not y^2 =9x^2 so y can not be 3x

if its y^2 = 9x^2 then  only  implies y =  3x

Answer:

Option 1st is correct

[tex]5-x= 9x^2[/tex]

[tex]y = 5-x[/tex]

Step-by-step explanation:

Given the equations:

[tex]y = 9x^2[/tex]      .....[1]

[tex]x+y = 5[/tex]         .....[2]

We can write equation [2] as:

[tex]y = 5-x[/tex]

Now, substitute this y value in [1] we have;

[tex]5-x= 9x^2[/tex]

Therefore, the system which is equivalent to the given system equation is,

[tex]5-x= 9x^2[/tex]

[tex]y = 5-x[/tex]

A total of 634 tickets were sold for the school play. They were either adult tickets or student tickets. There were 66 fewer students tickets sold than adult tickets. Him many adult tickets were sold?

Answers

x= student tickets
y= adult tickets 

x+y=634
y=x-66

x+y=634 x-y=66   2x=700 x=350 

350+y=634  y=284
 A total of 634 tickets were sold for the school play. They were either adult tickets or student tickets. There were 66 fewer student tickets sold than adult tickets. How many adult tickets were sold?
So say adult sold would be x, then student sold would be x-66
add them

x+x-66=634 solve for x
2x=700 divide each side by 2
x=350
so 350 adult and 350-66=284 student

Help!
During exercise, the recommended maximum heart rate in beats per minute is modeled by the formula, M = 176 – 0.8A, where M is the maximum heart rate and A is the person’s age. Solve the formula for A. At what age would you have a recommended maximum heart rate in beats per minute of 140?

A) 40 years
B) 50 years
C) 25 years D)
45 years

Answers

D) 45

140= 176-0.8A
+.8A. +0.8A
140 + .8A = 176
-140. -140
.8A= 36
/.8. /.8
A = 45

You place a cup of 200 degrees F coffee on a table in a room that is 67 degrees F, and 10 minutes later, it is 195 degrees F. Approximately how long will it be before the coffee is 180 degrees F? Use Newton's law of cooling: T(t)=T[a]+(T[o]-T[a])e^-kt A. 40 minutes B. 15 minutes C. 1 hour D. 35 minutes

Answers

195=67+(200-67)e^(-10k)

195=67+133e^(-10k)

128=133e^(-10k)

128/133=e^(-10k)

ln(128/133)=-10k

k=-ln(128/133)/10

T(t)=67+133e^(tln(128/133)/10), if T(t)=180

180=67+133e^(tln(128/133)/10)

113=133e^(tln(128/133)/10)

113/133=e^(tln(128/133)/10)

ln(113/133)=tln(128/133)/10

10ln(113/133)=tln(128/133)

t=10ln(113/133)/ln(128/133)

t≈42.5 minutes...

t≈40 minutes (to nearest 5 minutes? :P)


43 mins to keep it
short but other than that same as the the other guy
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