David’s bank offers a 36-month Certificate of Deposit (CD) with an APR of 2.25%. Use the compound interest formula to answer the following: a) If P = 2000, what is A(8)? b) Solve the equation A(t) = 4000 for t. c) What principal P should be invested so that the account balance is $2000 in three years?

Answers

Answer 1

Using compound interest, it is found that:

a) A(8) = 2389.66

b) t = 31.15

c) P = 1870.85

Compound interest:

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

A(t) is the amount of money after t years.  P is the principal(the initial sum of money).  r is the interest rate(as a decimal value).  n is the number of times that interest is compounded per year.  t is the time in years for which the money is invested or borrowed.

In this problem:

The APR is of 2.25%, hence [tex]r = 0.0225[/tex].No information about the number of compounding per year, hence [tex]n = 1[/tex].

Item a:

[tex]P = 2000[/tex], hence:

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

[tex]A(8) = 2000\left(1 + \frac{0.0225}{1}\right)^{8}[/tex]

[tex]A(8) = 2389.66[/tex]

Item b:

[tex]A(t) = 4000[/tex], hence:

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

[tex]4000 = 2000\left(1 + \frac{0.0225}{1}\right)^{t}[/tex]

[tex](1.0225)^t = 2[/tex]

[tex]\log{(1.0225)^t} = \log{2}[/tex]

[tex]t\log{1.0225} = \log{2}[/tex]

[tex]t = \frac{\log{2}}{\log{1.0225}}[/tex]

[tex]t = 31.15[/tex]

Item c:

[tex]A(3) = 2000[/tex], hence:

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

[tex]2000 = P\left(1 + \frac{0.0225}{1}\right)^{3}[/tex]

[tex]P = \frac{2000}{(1.0225)^3}[/tex]

[tex]P = 1870.85[/tex]

A similar problem is given at https://brainly.com/question/24850750


Related Questions

Round this number to the nearest one.

3.5

Answers

Hello there, hope you are having a nice day.

This is the rule for rounding:

If the number is less than 5, we round down.

    - Example: 3.4 =>3

If the number is greater than or equal to 5, we round up.

     - Example: 6.7 =>7

Using this rule, we can round 3.5:

3.5 =>4

Hope it helps. Ask me if you have any queries.

Please mark Brainliest. It would mean a lot to me.

~An emotional teen who helps others with joy

Good luck.

A formula is given with the value of all but one of the variables in the formula. Find the value of the variable not given.
P=2L + 2W; L= 4, W = 8

Answers

Answer:

P = 24

Step-by-step explanation:

P = 2L + 2W ( substitute L = 4, W = 8 into the formula )

P = 2(4) + 2(8) = 8 + 16 = 24

Answer :

Step-by-step explanation:

P=2(4)+2(8)

P=8+16

P= 24

Which of the graphs below would result if you made the leading term of the
following function negative?
F(x) = 2x4 + 2x + 2

Answers

[tex]\huge\underline\mathtt\colorbox{cyan}{Graph B}[/tex]

[tex]\huge\mathsf\colorbox{white}{}[/tex]

Step-by-step explanation:

Graph B consists of a parabola that opens downward. If a parabola opens downward, the the coefficient of x will be negative.

More details:

There is an easy way to tell whether the graph of a quadratic function opens upward or downward: if the leading coefficient is greater than zero, the parabola opens upward, and if the leading coefficient is less than zero, the parabola opens downward.

Angles of a triangle worksheet
I got most of it but still confused on the rest… anyone got answers ASAP!

Answers

Answer:

I wish a could help u,

Step-by-step explanation:

I dont know what is that:)

Tom walks 3.14 km to the park. He then walks a further 670 m to the shop.
How many km has Tom walked in total?

Answers

Answer:

3.81 km

Step-by-step explanation:

You first have to get the meters into kilometers. The conversion rate for this is 1 meter = 0.001 kilometer.

So multiply 670 by 0.001 which gives you 0.67.

Then add this to the amount he has already walked to get the total amount of kilometers he has walked.

Answer:

3.81 or

[tex]3 \frac{81}{100} [/tex]

Step-by-step explanation:

explanation above

4(x-3)/8=y change the subject to x

Answers

4(x-3)/8 = y
4(x-3) = 8y
4x - 12 = 8y
4x = 8y + 12
x = 2y + 3

The area of the octagon below is 10,391. 9 square millimeters. An octagon has an apothem of 56 millimeters and an area of 10,391. 90 square millimeters. What is the approximate perimeter of the octagon? Round to the nearest whole number. Mm What is the approximate length of one side of the octagon? Round to the nearest whole number. Mm.

Answers

The perimeter of the octogon is 371.14 millimeters, and each side is about 46.4 millimeters.

Given that an octagon has an apothem of 56 millimeters and an area of 10,391.90 square millimeters, to determine what is the approximate perimeter of the octagon and what is the approximate length of one side of the octagon, the following calculation must be performed:

(Perimeter x apothem) / 2 = Area 56X / 2 = 10,391.90 56X = 10,391.90 x 2 X = 20,783.80 / 56 X = 371,139 371.14 / 8 = 46.4

Therefore, the perimeter of the octagon is 371.14 millimeters, and each side is about 46.4 millimeters.

Learn more about maths in https://brainly.com/question/25749130

Answer:

Perimeter is 371mm

Length of one side is 46mm

Step-by-step explanation:

Got it right on Edge :)

The value of U.S exports to China increased from $1480 million in 2011 to $2768 million in 2012. What was the percentage increase?

Answers

Answer: Percentage increase is 87.02%.

Explanation: Percentage increase is calculated by subtracting the value in 2012 from the value of exports in 2011 and then dividing it by the value in year 2011.

a. Subtract value in 2012 from value in 2011

b. Divide the answer in part a by value in 2011.

c. Multiply the answer in part b by 100.

We have the percentage increase.

mark brainliest pls

i need help with something pls help asap​

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Answer: h < 7

Step-by-step explanation:

h + 3 < 10

h + 3 - 3 < 10 - 3

simplify:

h < 7

Which scatter plot shows a positive linear association

Answers

Answer:

Plot A

Step-by-step explanation:

Both B and C show a decreasing plot, while C is linear.

Only A is a positive ignoring the outliers.

7: A flight lasting 3 hours and 45 minutes lands at 7:50
pm. What time did the flight take off?

Answers

Around 4 pm because 7 - 3 = 4.

4:05 pm

Step-by-step explanation:

take off time 7:50 - 3:45

= 4:05

A store had a 20% off
Black Friday sale. One item was
originally $75. How much was it on
sale for

Answers

Answer:

$60

Step-by-step explanation:

20% off means 80% of original price

80% = 8/10 or 0.8

75 * 0.8 = 60

you could also do 20% = 1/5, 1/5 of 75 is 15, 75-15=60

solve pls brainliest

Answers

Answer:

20yd²

Step-by-step explanation:

6 × 6 = 36

4 × 4 = 16

36

-16

20

The area of the garden is gonna be 20 yards squared (20yd^2)

What is the factorization of the expression below?
42 - 9y2
O A. (4x - 3y)(x + 3y)
B. (4x-3y)(x - 3y)
O C. (2x-3)(2x-3y)
O D. (2x-3)(2x + 3y)

Answers

[tex]\sf \longmapsto \: 4x {}^{2} - 9y {}^{2} [/tex]

There are no like terms so we can't simplify itFactoring

[tex]\sf \longmapsto(2x+3y)(2x−3y)[/tex]

[tex] \boxed{\sf (2x+3y)(2x−3y)}[/tex]

Answer:

Choice D

Step-by-step explanation:

Factorise: 4x²-9y²

We can obtain the factorization by this identity:

a² - b² = (a+b)(a-b)

Rewrite the given expression as:

(2x)² - (3y)²

Let (2x)² be a and (3y)² be b according to the identity.

So applying the identity:

(2x+3y)(2x-3y)(2x-3y)(2x+3y)

Choice D is accurate.

What are the names of these polygons?
a)
b)
c)
d)

can anyone help pls?

Answers

is there a photo you can attach? because i see no polygons to label

Write an equation of a line that passes through the point (2, 0) and is perpendicular to the line y=-1/2x+3

Answers

Answer:

I think it's. y=-2/1x+2

if an angle is bisected to form two new 16° angles, what was the measure or the original angle

Answers

Answer:

32°

Step-by-step explanation:

16 × 2 = 32

Keywords:

Bisected; means to divide into two parts.

Answer:

So, original angle = 16°+16° =>32°

Step-by-step explanation:

If you like my answer than please mark me brainliest thanks


Roy bought a drum set for $422 and a guitar E La
for $358. If sales tax is 7.5%, what is the total
a free
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The in
amour

Answers

Answer:

The final total including tax is 838.5

The sale tax is 58.5

Step-by-step explanation:

help me fro brainleist.........

Answers

Answer:

2nd one is parallel and last one is perpendicular.

Please help homework due tomorrow!!

12. Ms. Kerr needs $450 to purchase new volleyballs. She has already saved 65% of the money, how much
additional money does she need to save to have enough to purchase the equipment?

13. A 6th grade student is 5 feet tall and casts a 12 foot shadow. How tall is the 8th grader standing next to
him that casts a 14.4 foot shadow?

Answers

Answer:

12-157.5  13-6ft

Step-by-step explanation:

the first one just look up 65% of 450 and minus the number you get by 450

the second one do the butterfly method

[tex]\frac{5}{12} \frac{x}{14.4} \\[/tex]

the heights on top and shadows on bottom

12x=72

x=6

What’s the scale factor

Answers

Answer:

Step-by-step explanation:

The scale is depending on the size of each cat. Lets say the larger cat is A and the smaller one is B. The scale factor from B to A is 1.75 (or 3.5/2)

when solving for scale factor you divide the original drawing and scale drawing. Original is denominator, Scale is Numerator.

Please help. ( WILL MARK BRAINLIEST)

Answers

Answer:

499.2 cm^2

Step-by-step explanation:

((12*10.4)/2)*8=6*10.4*8=499.2

Formulas Used:

Area of triangle - 1/2bh

2.
Which is the solution of the system of equations?
y = x - 4
y = -3x
A. (3, -1)
B. (-3, 1)
C. (-1, 3)
D. (1,-3)

Please explain

Answers

Answer:

x = 1

y = -3

Step-by-step explanation:

There are 2 ways, in this case the best way is by substitution so:

y = x - 4

y = -3x

basically you replace one of the unknown numbers in one of the equations so the equation will have only one unknown number.

y = -3x

so that means that

-3x = x - 4

you solve the equation:

-3x - x = -4

-4x = -4

x = -4 : -4

x = 1

Now we know that x is 1 so now we find out what is y

y = 1 - 4

y = -3

Type the missing digit below
6,387,_36 is divisible by 8.

Answers

The missing digit is: any odd number from 1-10. Only odd so: 1,3,5,7,9 would work! Hope this helps!! :)

What is a rate in math.

Answers

Answer:

a ratio between two different units

for example 60miles per 5 hours

Step-by-step explanation:

let me know if you need unit rate yoo :)

solve the short line equation, image attached, giving brainliest please help

Answers

Answer:

x = 3

Step-by-step explanation:

2 - 2x = -3 - -1

2 - 2x = -4

-2x = -6

-2x / -2 = 1x

-6 / -2 = 3

ur answer is then 1x = 3 or x = 3.

The force, f acting on a chraged object varies inversley to the square of its distance from another charged object. when the two objects are 0.64 meters apart, the force acting on them is 8.2 netwons

Answers

Btw also found a spelling mistake in the question:instead of newtons you put netwons-      lol-

btw  

Rounded to the nearest thousandth would be 4.444 Newtons (same units you solved for k with)

But anyway here you go:

~Jamie

taxi Cab Company B: $6.50 per ride and $0.50 per mile

Express in the table the cost of the cab ride given the number of miles. Hint: Fill in the table above using cost for company B.
Write an equation in slope-intercept form to represent the cost of a taxi ride using company B. Hint: use y= mx+b
Y = __________________
What does the slope mean in the context of this problem?
Hint: What changes the further you ride?

Answers

Using the slope - intercept relation, the equation which represents the cost of cab ride is y = 0.5x + 6.50

Cost per ride = $6.50Cost per mile = $0.50

Using the slope - intercept relation :

y = bx + c

b = change in cost per mile

c = constant price added for every taxi ride

Hence, the expression can be written thus :

y = 0.5x + 6.50

Learn more : https://brainly.com/question/17225268

I would appreciate if you answered!

Answers

Answer:

None of those options

Step-by-step explanation:

I just did the work myself and even ran it through a calculator but the correct answer isn't one of those options.  Here's my work:

[tex]-\frac{5}{6} =z+\frac{1}{8}\\-\frac{5}{8}-\frac{1}{8}=z\\-\frac{40}{48}-\frac{6}{48}=z\\-\frac{46}{48}=z\\-\frac{23}{24}[/tex]

I'd contact you teacher about that...it might be an error in their system (it's happened to me a few times before where the correct answer is marked as incorrect or isn't even an option)

Y=2x + 11
Solve the problem.

Answers

[tex]y = 2 \times + 11 = x = - \frac{11}{2} [/tex]

Answer:

[tex]x = - \frac{11}{2} [/tex]

x= -11/2

this is also a linear function related to y=mx+b
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