Elwood invested $5,000 in a money market account and has been tracking its progress. He found that after 3 years, the account held $7,100 and after 8 years, the account held $10,350.

Answers

Answer 1

Answer:

The percent of interest is 12.3% per year

Step-by-step explanation:

According to the question Elwood invested 5000 $ in market account

The market account gives the compound interest annually

let p be the interest per year then

At the end of 1st year

amount =(1+0.p) x 5000  = 1.p x 5000

similarly at the end of 2nd year

amount =(1+0.p) x(1+0.p)x 5000  = [tex](1.p)^{2}[/tex] x 5000

similarly at the end of 3rd year

amount = 7100 $ = [tex](1.p)^3[/tex] x 5000

⇒ [tex]\frac{71}{50}[/tex] = [tex](1.p)^3[/tex]  

1.392 =  [tex](1.p)^3[/tex]

on further solving we get

1.p = [tex](1.42)^{1/3}[/tex] = 1.123

thus 1.p = 1 + 0.p = 1.123

thus p = 0.123

thus the percent of interest is 12.3% per year

Answer 2

Answer:

drop down 1 a slower rate per year

drop down 2 670

Step-by-step explanation:

as in three years you get $7100

you take that and subtract it by your starting amount (5000)

7100-5000= 2100

then divide 2100 by the number of years (3)

to get your annual rate of 700$

then you take the 8 year total and subtract it from your 3 year total

10350-7100= 3250

Then divide that by 5 because that how many years it has been

to get the annual rate of 650

making the 5 year rate slower.

The to find the average rate over all 8 year you take 10350 and subtract it from your starting number 5000

10350-5000= 5350

then take 5350 and divide it by the number of years (8)

you then get you average rate of 668.75

668.75=670

Hope this helps!


Related Questions

Someone pls help what would this slope be ?

Answers

Answer:

-3/5x

Step-by-step explanation:

It is a negative slope and use rise over run

rectangle
rhombus
square
isosceles trapezoid

Answers

Answer:

Rhombus

Step-by-step explanation:

It does not have congruent diagonals

Dawn has been using two bank accounts to save money for a car. The difference between account 1 and account 2 is $100. If she uses 3/8 of account 1 and 7/8 of account 2, Dawn will have a down payment of $2,000. Solve the system of equations to find the total amount of money Dawn has in each account.

A – B = 100

Three-eighthsA + Seven-eighthsB = 2,000

Dawn has $
in account 1 and $
in account 2.

Answers

Answer:

dawn has $ 1,670 in account 1 and $ 1,570 in account 2

Step-by-step explanation:

Answer:

1,670 in account 1 ; 1,570 account 2

Step-by-step explanation:

1x - 1y = 100           X=7           7x-7y= 700

3/8x + 7/8y= 2000      X=8     3x+7y= 16000

                                                10x = 16700

34. HOME What's the Error? Nathan says
that Madison Square Garden is located
at (0,3) on the map. Is his ordered pair
correct? Explain.

Answers

Can’t see the coordinate plan so I can’t answer it
Pls pls help I don’t have time HELP ASAP. It also detects if it’s right or wrong. Pls pls help I don’t have time HELP ASAP. It also detects if it’s right or wrong. Pls pls help I don’t have time HELP ASAP. It also detects if it’s right or wrong. Pls pls help I don’t have time HELP ASAP. It also detects if it’s right or wrong. Pls pls help I don’t have time HELP ASAP. It also detects if it’s right or wrong. Pls pls help I don’t have time HELP ASAP. It also detects if it’s right or wrong.

which of the following is a solution to the linear function y = 4/5x+7

Answers

I think it’s X= -35/4

There are 12 boxes of books to put on shelves can you spell it has 31 bucks each shelf holds 18 books Kevin estimates he will need 20 shells for all the books

Answers

Well if you do 31 books each box times 12 boxes you get 372 books and each shelf holds 18 books so if you do 372 divided into 18 books each shelf you would get 20 shelves
Hoped this helped

Which set of numbers describe the side length of a right triangle

Answers

Answer: 3,4,5

Step-by-step explanation:

5² = 3² + 4²

25 = 9 + 16

25 = 25

The set of numbers 3, 4, and 5 describe the side length of a right triangle.

Option C is the correct answer.

What is the Pythagorean theorem?

Pythagorean theorem states that in a right triangle, the square of the hypotenuse is equal to the sum of the squares of the other two sides.

We have,

Set of numbers:

1, 2, 3

2, 3, 4

3, 4, 5

4, 5, 6

We need to find the set of numbers that describe the side length of a right triangle.

We will apply the Pythagorean theorem to all the sets of numbers.

Using 1,2,3.

1² = 2² + 3²

1 = 4 + 9

1 = 13

2² = 1² + 3²

4 = 1 + 9

4 = 10

3² = 1² + 2²

9 = 1 + 4

9 = 5

This is not true.

Similarly,

Set of numbers: 2,3,4 and 4,5,6 are not true.

Using 3, 4, 5

5² = 3² + 4²

25 = 9 + 16

25 = 25

This is true.

Thus,

The set of numbers 3, 4, and 5 describe the side length of a right triangle.

Option C is the correct answer.

Learn more about the Pythagorean theorem here:

https://brainly.com/question/14930619

#SPJ2

Help me with my math for brainiest:)

Answers

Answer:

Here you go! Hope it helps!

Step-by-step explanation:

Answer:

1) m= 12/7

2) k= -  81/16

Answer:

1. 1 5/7

2. -5 1/16

Step-by-step explanation:

1. Solve for M by simplifying both sides of the equation then isolationg the variable.

2. Solve for K by simplifying both sides of the equation then isolationg the variable.

Use the elimination method to solve the system of equations. Choose the correct ordered pair
- 3y = x - 5
x + 5y = 7
A. (- 1, 2)
B. (2, 1)
c. (5, 0)
d. (- 4, 3)

Answers

Answer:

B

Step-by-step explanation:

Answer: B (2,1)

Step-by-step explanation:

I NEED HELP ASAP PLEASE

Answers

ok b makes more sense

Step-by-step explanation:

Which expression is equivalent to 2^5(4×+9)

Answers

Answer:

128x + 288

Step-by-step explanation:

Given the expression 2^5(4×+9)

on factoring

2^5(4×+9) = 2^5(4x) + 2^5(9)

2^5(4×+9) = 32(4x) + 32(9)

2^5(4×+9) = 128x + 288

Hence the expression is also equivalent to 128x + 288

8+8-8+16=
BAHHAHAHAHA

Answers

Answer: 24

Step-by-step explanation: thanks

help me fast for brainiest!

Answers


I hope this helpss!!!

which of the following represents the solution to the equation 4x-2=10

Answers

Answer:

x = 3

Step-by-step explanation:

If you move -2 to the right side of the equation, you get:

4x = 12

Divide both sides by 4, and you get:

x = 3.

4x-2=10
• 4x-2+2=10+2
• x=3

Find the area of a parallelogram ABCD with AB =7 m. AD = 20 m and BAD = 62°.

Answers

9514 1404 393

Answer:

  123.6 m²

Step-by-step explanation:

The area is given by the formula ...

  A = (AB)(AD)sin(∠A)

  A = (7 m)(20 m)sin(62°) ≈ 123.6 m²

The probability of getting a 6 is 4/5. The dice is rolled 500 times How many sixes would you expect to roll

Answers

Answer: 400

Step-by-step explanation:

From the question, we are informed that the probability of getting a 6 is 4/5 and that the dice is rolled 500 times.

The number of sixes that would be expected to roll will be 4/5 multiplied by the number the dice is rolled

= 4/5 × 500

= 400

There'll be 400 sixes.

What are three ways a seed can be taken from one place to another?

Answers

Answer:

The most common methods are wind, water, animals, explosion and fire. Dandelion seeds float away in the wind.

Step-by-step explanation:

Because plants cannot walk around and take their seeds to other places, they have developed other methods to disperse (move) their seeds.

Answer:

Seeds with wings

Hitchhikers

Going with the flow

help from animals

Step-by-step explanation:

I need help if you can that would be great thank you

Answers

Answer:

Simplifying the expression [tex](3\:.\:2)^5\div (3^2\:.\:2^3)[/tex] so, there is only one power of each base we get [tex]\mathbf{3^3\:.\:2^2}[/tex]

Option D is correct answer.

Step-by-step explanation:

We need to simply the expression [tex](3\:.\:2)^5\div (3^2\:.\:2^3)[/tex] so, there is only one power of each base.

Solving:

[tex](3\:.\:2)^5\div (3^2\:.\:2^3)[/tex]

We can write it as:

[tex]\frac{(3\:.\:2)^5}{3^2.2^3}[/tex]

Now using exponent rule: [tex](a\:.\:b)^m=a^m\:.\:b^n[/tex]

[tex]\frac{3^5\:.\:2^5}{3^2.2^3}[/tex]

Now using the exponent rule: [tex]\frac{a^m}{a^n}=a^{m-n}[/tex] the bases should be same

[tex]3^{5-2}\:.\:2^{5-3}\\=3^3\:.\:2^2[/tex]

So, simplifying the expression [tex](3\:.\:2)^5\div (3^2\:.\:2^3)[/tex] so, there is only one power of each base we get [tex]\mathbf{3^3\:.\:2^2}[/tex]

Option D is correct answer.

which is 1/3 - 1/6 in a fraction

Answers

Answer:

Step-by-step explanation:

1/3 - 1/6

2/6 -1/6= 1/6

find common denominator

For  [tex]\dfrac{1}{3}-\dfrac{1}{6}[/tex]  the fraction will be [tex]\dfrac{1}{6}[/tex] .

Given to us,

[tex]\dfrac{1}{3}-\dfrac{1}{6}[/tex]

To solve this, firstly we need to make the denominators the same, thus taking the LCM of both 3 and 6.

As we know the LCM of 3 and 6 is 6 itself.

So, multiplying and dividing by 2.

[tex]\dfrac{1}{3}\rightarrow \dfrac{1\times 2}{3\times 2}\rightarrow \dfrac{2}{6}[/tex]

Now,

[tex]\dfrac{2}{6}-\dfrac{1}{6} = \dfrac{1}{6}[/tex]

Hence, for  [tex]\dfrac{1}{3}-\dfrac{1}{6}[/tex]  the fraction will be [tex]\dfrac{1}{6}[/tex] .

To know more visit:

https://brainly.com/question/1301963

Eight less than four times a number

a) 4x−8
b) 8−4x
c) 4(x−8)
d) 4(8−x)

Answers

Answer:

a is the answer hope it helps

It’s A because you need to have the X factor times 4 then u subtract 8

What is the area of a circle with a radius of 5 cm?

Answers

Answer:

area of circle = 78.55 cm²

Step-by-step explanation:

area of circle

= πr²

= 3.142 × 5²

= 3.142 × 25

= 78.55 cm²

i have to make an expression that has a value of 10 out of the numbers 5,2,1,1 and the format it has to go in is like ( - )+( x )=10 help me please

Answers

Answer:

(1-1)+(5×2)

hope this helps you

Estimate the product/quotation of the problem below

724÷87​

Answers

hi i hope this helps....

the answer to this problem is 8.321839080459770114942528735632183908
rounded answer =8

need help fast !!!!!​

Answers

Answer:

G(x) = 18

Step-by-step explanation:

first you add x on both sides (-7+x=11)

then you add 7 on both sides and end up with (x=18)

What is the area of a square with a side length of 7 feet?

Please help! The help would be much appreciated

Answers

Answer:

The area of square is 49 feet²

Step-by-step explanation:

Length of side of square = 7 feet

We need to find area of square.

The formula used to find area of square is:

[tex]Area\:of\:Square=Length\times Length[/tex]

Putting values and finding area of square.

[tex]Area\:of\:Square=Length\times Length\\Put\:Length=7\\Area\:of\:Square=7\times 7\\Area\:of\:Square= 49[/tex]

So, area of square is 49 feet²

please help asap! (question in the picture)

Answers

The answer is;
The graph has a dotted line and is shaded below.

PLZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ HELPPPPPPPPPPP MEEEEEEEEEEE


The table below shows measurement conversions between cups and ounces.


1 .Let x represent the number of cups and y represent the number of ounces. Write an equation that represents this relationship.

Answers

Answer: y = 8x

3 x 8 = 24

5 x 8 = 40

8 x 8 = 64

The cost of renting a canoe to use on River Y costs ​$. The cost of renting a canoe to use on River Z costs ​$ per hour plus a ​$ deposit. The total​ cost, c, of renting a canoe on either river for n hours can be represented by an equation. Write and graph a system to find how many hours you have to rent a canoe for the cost to be the same on both rivers.
You have to rent a canoe for___hours for the cost to be the same.

Answers

Answer:

7 hours

Step-by-step explanation:

I need help please it’s my hrw

Answers

Answer:

Blank 1: 28

Blank 2: 42

Blank 3: 22

Answer: It will take 7 sessions.

Step-by-step explanation:

We already know the 3 blanks from the equation 28x = 42 + 22x

Now to find the answer.

28x = 42 + 22x

Subtract 22x from both sides. This cancels the +22x.

28x - 22x = 42

Subtract 22x from 28x to get 6x

6x = 42

Divide both sides by 6. This undoes the multiplication by 6.

x = 42/6

Divide 42 by 6 to get 7.

x = 7

It will take 7 sessions for the costs to match.

Answer:

[28], [42], [22], the meet at 154 sessions

Step-by-step explanation:

does 18/24 and 15/20 form a proportion

Answers

Answer: yes

Step-by-step explanation:

when you simplify 18/24 goes to 3/4 and 15/20 simplifies to 3/4 as well so they are equivalent

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