Mike invested $93,000 at 8.19% compounded weekly.
What will Mike's account balance be in 11 years?

Answers

Answer 1

Answer:

$4920446.6202

Step-by-step explanation:

the formula for compound interest is: P(1+ r/n)^n*t

p= principle (the amount of money you invest/ start with)

r= the interest rate (which is the percentage in decimal)

n= the number of times its compounded per year (52 weeks per year)

t= the amount of time (usually in years)

now, you plug the numbers youre given into the formula:

93000(1+0.0819/52)^52*11

= $4920446.62402

hope this helps :)

Answer 2

Mile's account balance after 11 years will be $228,786.8

What is the formula for compound interest?

"[tex]A=P(1+\frac{r}{n} )^{nt}[/tex]

where A = Accrued amount (principal + interest)

P = Principal amount

r = interest rate as a decimal

R = interest rate as a percent

r = R/100

n = number of compounding periods

t = time in years"

For given question,

P = $93000,

t = 11 years

n = 52 (weekly compounding)

R = 8.19%

So, the interest rate in decimal would be,

[tex]\Rightarrow r =\frac{8.19}{100}\\\\\Rightarrow r =0.0819[/tex]

Using the formula of compound interest,

[tex]\Rightarrow A=P(1+\frac{r}{n} )^{nt}\\\\\Rightarrow A=93000(1+\frac{0.0819}{52} )^{52\times 11}\\\\\Rightarrow A=93000(1+\frac{0.0819}{52} )^572\\\\\Rightarrow A=228,786.8[/tex]

Therefore, Mile's account balance after 11 years will be $228,786.8

Learn more about the compound interest here:

https://brainly.com/question/22979103

#SPJ2


Related Questions

What is the circumference of D if the length of EF is 9 cm?

Answers

Answer:

It should be B,  180 cm

Step-by-step explanation:

x = circumference of  circle D

18/360 = 9/x

9*360 = 18x

9*360/18 = x

x = 180

Solve for x. Round to the nearest tenth of a degree, if necessary

Answers

Answer:

31.80°

Step-by-step explanation:

In ∆ ABC :-

sin x = BC / AC sin x = 39/74 x = sin -¹ ( 39/74) x = 31.80 °

The function shown is a composition of the functions g(x) and h(x) .

f(x)=2x√+8−7

Which of the following shows a possible decomposition of the function f(x) ?

Answers

what might be the following?

Is (2, 2) a solution of y <_ 4x – 6?
Choose 1 answer:
Yes or No

Answers

Answer:

Yes

Step-by-step explanation:

1. Looking at the question

The question states that...

[tex]x=2\\y=2[/tex]

2. Plugging it in

[tex]2\leq 4(2)-6\\2\leq 8-6\\2\leq 2[/tex]

Yes

Hope this helped! Please mark brianliest :)

Answer:yes

Step-by-step explanation:

Y<_4x-6

2<_4(2)-6

2<_8-6

2<_2

What is the equation of the
following line written in slope-Intercept form?

Answers

Answer:

y = -7x - 11

Step-by-step explanation:

PLS HELP FAST! I NEED THIS FAST :((

Answers

Answer:

In order:

Distributive Property

Subtraction Property of Equality

Division Property of Equality or Reciprocal Property

Step-by-step explanation:

what is the sum of all the exterior angle of a polygon ​

Answers

Answer:

From what I learn it is 360 degrees

help pls!!

The functionſ is defined by f(x) = x(x + 3). If f(a) = 40 and a > 0, what is the value of a ?
A) 3
B) 5
C) 7
D) 8

Answers

Answer:

B) 5

Step-by-step explanation:

We are given the function:

[tex]f(x)=x(x+3)[/tex]

We are given that f(a) = 40 and a > 0 and we want to determine the value of a.

Substitute:

[tex]f(a)=40=a(a+3)[/tex]

Distribute:

[tex]a^2+3a=40[/tex]

Subtract 40 from both sides:

[tex]a^2+3a-40=0[/tex]

We can factor using 8 and -5. Hence:

[tex](a+8)(a-5)=0[/tex]

By the Zero Product Property:

[tex]a+8=0\text{ or } a-5=0[/tex]

Solve for each case:

[tex]\displaystyle a=-8\text{ or } a=5[/tex]

Since a > 0, we can eliminate the first solution. Hence:

[tex]a=5[/tex]

Our answer is B.

Beth wants to build a thin wire frame for a photo that is $$15 cm long and $$6 cm wide. What length of wire will she need to go around the entire photo?

Answers

Answer:

42

Step-by-step explanation:

1. Perimeter

Perimeter is [tex]2l+2w[/tex]

2. Solving[tex]2(15)+2(6)=30+12=42[/tex]

Answer: 42

Hope this helped! Please mark brainliest :)

Can someone help i don’t know this

Answers

Answer:

Step-by-step explanation:

The youth shirt is 12 dollars

The adult shirt is 15 dollars

So the number of adult shirts is x

The number of youth shirts   is y

15 x + 12y = 489

You are not asked to solve this. You are just asked to find it.

Carmen likes to ski. The ski resort where she goes to ski got 3.2 feet of snow during a 5 day period. The average daily snowfall for a given number of days is the quotient of the total amount of snow and the number of days. Estimate the average daily snowfall.

Answers

Answer:

0.64 feet or 7.68 inches of snow on average over the 5 days.

Step-by-step explanation:

3.2/5

0.64ft

7.68in.

When two parallel lines are cut by a transversal then the interior angles on the same side of the transversal are

Answers

Answer:

Same side interior angles

Step-by-step explanation:

Same side interior angles are interior angles and on the same side. Sorry don't know how to better explain.

someone please help!!

Answers

Reflection, the quadratic parent function is reflected on the opposite side

What is the value of p?
A)180
B)90
C) 116
D)58

Can someone help I don’t understand

Answers

Answer:

58

Step-by-step explanation:

A circular sheet covers 425cm on the table,find the area of the sheet.



solve this question plz.​

Answers

Answer:

sorry i cannot help you

An amount of 25,000 is borrow for 15 years at 5.5% interest, compounded annually. If the loan is paid in full at the end of that period, how much must be paid back?

Answers

Answer: [tex]55,811.91[/tex]

Step-by-step explanation:

Given

Principal amount is 25,000

Time Period is [tex]t=15\ yr[/tex]

Rate of interest [tex]r=5.5\%[/tex]

Amount in compound interest is given by

[tex]\Rightarrow A=P\left(1+r\%\right)^t[/tex]

Insert the values

[tex]\Rightarrow A=25,000(1+\dfrac{5.5}{100})^{15}\\\\\Rightarrow A=25,000(1.055)^{15}\\\Rightarrow A=55,811.91[/tex]

Therefore, [tex]55,811.91[/tex] must be paid back

3. The following are the scores you shot in five rounds of golf: 70,80,75,75,80. The variance is: A. 3.74 C. 14 B. 196 D. 70​

Answers

Answer:

Option C.

Step-by-step explanation:

For a given set of N elements:

{x₁, x₂, ..., xₙ}

The mean is given by:

[tex]M = \frac{x_1 + x_2 + ... + x_n}{N}[/tex]

And the variance is given by:

[tex]v = \frac{(x_1 - M)^2 + (x_2 - M)^2 + ... + (x_n - M)^2}{N}[/tex]

Then for our set:

{70, 80 ,75, 75, 80}

We have 5 elements, then N = 5

The first thing we need to find is the mean.

[tex]M = \frac{70 + 80 + 75 + 75 + 80}{5} = 76[/tex]

Then the variance will be:

[tex]v = \frac{(70 - 76)^2 + (80 - 76)^2 + (75 - 76)^2 + (75 - 76)^2 + (80 - 76)^2}{5} = 14[/tex]

The correct option is C, 14.

Describe the steps required to determine the equation of a quadratic function given its zeros and a point.

Answers

Answer:

Procedure:

1) Form a system of 3 linear equations based on the two zeroes and a point.

2) Solve the resulting system by analytical methods.

3) Substitute all coefficients.

Step-by-step explanation:

A quadratic function is a polynomial of the form:

[tex]y = a\cdot x^{2}+b\cdot x + c[/tex] (1)

Where:

[tex]x[/tex] - Independent variable.

[tex]y[/tex] - Dependent variable.

[tex]a[/tex], [tex]b[/tex], [tex]c[/tex] - Coefficients.

A value of [tex]x[/tex] is a zero of the quadratic function if and only if [tex]y = 0[/tex]. By Fundamental Theorem of Algebra, quadratic functions with real coefficients may have two real solutions. We know the following three points: [tex]A(x,y) = (r_{1}, 0)[/tex], [tex]B(x,y) = (r_{2},0)[/tex] and [tex]C(x,y) = (x,y)[/tex]

Based on such information, we form the following system of linear equations:

[tex]a\cdot r_{1}^{2}+b\cdot r_{1} + c = 0[/tex] (2)

[tex]a\cdot r_{2}^{2}+b\cdot r_{2} + c = 0[/tex] (3)

[tex]a\cdot x^{2} + b\cdot x + c = y[/tex] (4)

There are several forms of solving the system of equations. We decide to solve for all coefficients by determinants:

[tex]a = \frac{\left|\begin{array}{ccc}0&r_{1}&1\\0&r_{2}&1\\y&x&1\end{array}\right| }{\left|\begin{array}{ccc}r_{1}^{2}&r_{1}&1\\r_{2}^{2}&r_{2}&1\\x^{2}&x&1\end{array}\right| }[/tex]

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

[tex]a = \frac{y\cdot (r_{1}-r_{2})}{r_{1}^{2}\cdot r_{2}+r_{2}^{2}\cdot x +x^{2}\cdot r_{1}-x^{2}\cdot r_{2}-r_{2}^{2}\cdot r_{1}-r_{1}^{2}\cdot x}[/tex]

[tex]b = \frac{\left|\begin{array}{ccc}r_{1}^{2}&0&1\\r_{2}^{2}&0&1\\x^{2}&y&1\end{array}\right| }{\left|\begin{array}{ccc}r_{1}^{2}&r_{1}&1\\r_{2}^{2}&r_{2}&1\\x^{2}&x&1\end{array}\right| }[/tex]

[tex]b = \frac{(r_{2}^{2}-r_{1}^{2})\cdot y}{r_{1}^{2}\cdot r_{2}+r_{2}^{2}\cdot x +x^{2}\cdot r_{1}-x^{2}\cdot r_{2}-r_{2}^{2}\cdot r_{1}-r_{1}^{2}\cdot x}[/tex]

[tex]c = \frac{\left|\begin{array}{ccc}r_{1}^{2}&r_{1}&0\\r_{2}^{2}&r_{2}&0\\x^{2}&x&y\end{array}\right| }{\left|\begin{array}{ccc}r_{1}^{2}&r_{1}&1\\r_{2}^{2}&r_{2}&1\\x^{2}&x&1\end{array}\right| }[/tex]

[tex]c = \frac{(r_{1}^{2}\cdot r_{2}-r_{2}^{2}\cdot r_{1})\cdot y}{r_{1}^{2}\cdot r_{2}+r_{2}^{2}\cdot x + x^{2}\cdot r_{1}-x^{2}\cdot r_{2}-r_{2}^{2}\cdot r_{1}-r_{1}^{2}\cdot x}[/tex]

And finally we obtain the equation of the quadratic function given two zeroes and a point.

Which of the following values are in the range of the function graphed below?
Check all that apply.
O B. -1
O C. 5
D. 2
E. 1

Answers

Answer:

I believe the answer should be 0 to -1

Step-by-step explanation:

the range of a function is the lowest y value to the highest y value of that function. so in that example, the lowest y value you have on that curved line is at 0, and the highest y value you have on that curved line is 1, so the range should be from 0 to 1, or {0, 1}.

What is the inverse of the function f(x) = 2x - 10? A-. h(x) = 2x-5
B-. h(x) = 2x+5
C -. h(x) = 1/2x-5
D-. h(x) = 1/2x+5

need answer fast please​

Answers

Answer:

D

Step-by-step explanation:

let y = f(x) and rearrange making x the subject

y = 2x - 10 ( add 10 to both sides )

y + 10 = 2x ( divide both sides by 2 )

[tex]\frac{y+10}{2}[/tex] = x

Change y back into terms of x with x = [tex]f^{-1}[/tex] (x) , then

[tex]f^{-1}[/tex] (x) = [tex]\frac{x+10}{2}[/tex] = [tex]\frac{1}{2}[/tex] x + 5 → D

Find the length of AC. Round to the nearest hundredth if necessary.

Answers

Answer:

13.86

Step-by-step explanation:

In ∆ ABC ,

cos 30° = AC/BC√3/2 = AC/ 16 AC = 16 * √3/2 AC = 83 AC = 8 * 1.732AC = 13.86

Help me plz to find product

Answers

Step-by-step explanation:

Explanation is in the attachment

hope it is helpful to you ☺️

Solve the equation and enter the value of x below. 4(x + 1) = 64 ​

Answers

Answer:

15

Step-by-step explanation:

Use the distributive property

4x+4=64, then subtract

4x=60, then divide

x=15

[tex] \huge\boxed{\mathfrak{Answer}}[/tex]

[tex]4(x + 1) = 64 \\ 4x + 4 = 64 \\ 4x = 64 - 4 \\ 4x = 60 \\ x = \frac{60}{4} \\ x = 15[/tex]

=> The answer is 15.

A coordinate plane with a line passing through (0, negative 3), (2, 0), and (4, 3).
Which equation represents the graphed function?

Answers

Answer:

y= (3/2)x-3

Step-by-step explanation:

We need two points to find the equation of a line. Let's take (2,0) and (4, 3).

In the equation y=mx+b, m represents the slope. To find the slope, we can calculate the change in y/change in x. For (2,0) and (4,3), the change in y is 3-0=3 and the change in x is 4-2=2. Therefore, our slope is 3/2.

Then, in the equation y=mx+b, we can plug 3/2 in for m to get y = (3/2)x+b. To find b, we can plug one point in, such as (2.0), to get 0=(3/2)(2) + b, 0=3+b, and b=-3, making our equation

y= (3/2)x-3

Answer:

the answer is C

Step-by-step explanation:

if we have 765 toys and there are 3 people how many toys should we give to each man​

Answers

Answer:

255 is the answer

Step-by-step explanation:

Divide 765 by 3 and the answer will come .

Hope it will help u

24 is 8 times as great as q

Answers

Answer:

Q = 3

Step-by-step explanation:

24 divided by 8 = 3
q = 3

What is the midpoint of the segment shown below?

Answers

Step-by-step explanation:

simply take the average of the x and y coordinates

Solve for congruent triangles

Answers

Answer:

11. B.

12. C.

13. A.

14. D.

Step-by-step explanation:

for 11: we know that angles D and J are congruent from the tick marks, we also know that ∠FKD and ∠LKJ are congruent (vertical angles are congruent) therefore we need the sides between them

for 12: we know that ∠STU and ∠TUG are congruent, we also know that line TU is congruent to TU (reflexive property), therefore we need the angles adjacent to the first angles listed.

for 13: we know that ∠PQR and ∠CQR are congruent, we also know that lines RQ and RQ are congruent (reflexive property), therefore we need the other angles to which line RQ is between.

for 14: we know ∠B is congruent to ∠T and line AB is congruent to line ZY. therefore the angle cannot be connected to lines AB and ZY.

Amanda is playing her new video game, Track Runner. At first, she earned 20 points for winning a sprint. Then in the next race, she got – 25 points when she knocked over most of her hurdles. What is Amanda's total score now? To solve the problem, Amy added 20+( – 25) and came up with an answer of 5 points. Is Amy correct? Why or why not?

Answers

Answer: Amy is incorrect. The answer is -5 points.

Step-by-step explanation:

From the question, we are informed that Amanda earned 20 points for winning a sprint in the first race but got -25 points in the second race.

Based on the information above, Amanda's total score now will be:

= 20 + (-25)

= 20 - 25

= -5

The answer is -5 points.

Amy is wrong because (+) × (-) = (-)

I NEED HELP ASAP!!!!!!!!!!!PLEASE

Answers

Answer:

74.8% approximately

Step-by-step explanation:

Area of circle is pi×r^2=pi×4^2=16pi=50.27 approximately

Area of pentagon (assumption regular pentagon)=5/2×apothem×side length=5/2(3.2)(4.7)=37.6

So the probability that it lands in the red is 37.6/50.27 approximately =74.8% approximately

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