Suppose an annuity pays 7.0% annual interest, compounded annually. If you invest $3,000 every year for 5 years, what percentage of the balance in the account is interest earned?
Round your answer to the nearest hundredth of a percent.

Answers

Answer 1

Answer:

  13.05%

Step-by-step explanation:

The value of an ordinary annuity earning interest compounded annually is ...

  A = P((1 +r)^n -1)/r . . . . . interest rate r for n years on principal payments P

For this account, the balance after 5 years will be ...

  A = 3000((1 +.07)^5 -1)/0.07 = 3000·5.750739

The sum of payments is ...

  payment total = 3000·5

Then the amount of interest is ...

  3000·(5.750739 -5) = 3000·0.750739

and the fraction that is of the account balance is ...

  (3000·0.750739)/(3000·5.750739) × 100% ≈ 13.05%

About 13.05% of the balance is interest earned.


Related Questions

A rectangular garden is 20ft longer than it is wide. It’s area is 6300ft^2. What are its dimensions

Answers

Answer:

Length = 90 feet

Width = 70 feet

Step-by-step explanation:

    The area of a rectangle is found by finding the product of the length. Therefore, the following formula equation can be made:

[tex]A=lw[/tex]

    The problem tells us that the area of the garden is 6,300 square feet and that the length is 20 feet longer than the width. Therefore, our equation can be rewritten as such:

[tex]6300=(w+20)(w)~or~6300=w(w+20)[/tex]

Now that there are no longer two different variables, we can solve for w.

[tex]6300=w(w+20)\\\\6300=w^2+20w\\\\0=w^2+20w-6300[/tex]

    We are left with a trinomial so we'll use the quadratic formula to further solve for w.

[tex]w=\frac{-20\pm\sqrt{20^2-4(1)(-6300)} }{2(1)}\\\\w=\frac{-20\pm\sqrt{400+25200} }{2}\\\\w=\frac{-20\pm\sqrt{25600} }{2}\\\\w=\frac{-20\pm160}{2}\\\\\\w=70\\or\\w=-90[/tex]

    Since distance cannot be negative, w = -90 cannot be a solution for this problem. Therefore, the width of the rectangular garden is 70 feet.

    Now that the width has been found, we know the length is 20 feet longer than it. Therefore, the length is 90 feet.

paki sagot po kailangan na kasi..

thank you in advance ☺​

Answers

1. 5

2.2

3.2,5

4.2,5

5.2

HOPE IT HELPS:)

PLS FOLLOW:)

#BRAINLIEST:)

Which expression is equivalent to the given expression?
5x – 2

A2 – 5x
B 2x – 2 + 3x
C 3 – 5 + 2x
D 5x — 2х

Answers

Answer:

I DON'T KNOW WHERE YOu belong because im in philippines

I choose answer B: 2x-2+3x

John drives from home to his
parents house and then to a
cafe. His parents house is 13
miles south of his home and
the cafe is 6 miles east of his
parents house. What is the
distance, in miles, between his
home and the cafe SHOW YOUR WORK

Answers

Answer:

13=6 and no

Step-by-step explanation:

Answer:

The distance is 19 miles

Step-by-step explanation:

I know that because you have to add how many he drove to his parents and the amount of miles driven to the cafe and then it will give the total amount driven.

Find the cardinal number of the set:
C={1/x x is an integer that's greater than or equal to 4 and less than or equal to 9}.

Answers

Answer: 6

Step-by-step explanation:

Ok lemme actually format this set

[tex]$C = \left\{\frac 1x : x \in \mathbb{Z}\ \text{and}\ 4 \leq x \leq 9\right\}$[/tex]

Well the only integers from 4 to 9 are 4, 5, 6, 7, 8, 9. So this set is just

[tex]$C = \left\{\frac 14, \frac 15, \frac 16, \frac 17, \frac 18, \frac 19\right\}$[/tex]

which has cardinality [tex]\boxed{6}[/tex] .

you have to estimate​

Answers

The answer is 75388.
802x94
=75388

Answer:

75,388

Step-by-step explanation:

Long Multiplication form

[tex]\mathrm{Mutliply\:the\:bold\:numbers}[/tex]

[tex]\frac{\begin{matrix}\space\space&8&0&\textbf{2}\\ \times \:&\space\space&9&\textbf{4}\end{matrix}}{\begin{matrix}\space\space&\space\space&\space\space&8\end{matrix}}[/tex]

[tex]\frac{\begin{matrix}\space\space&8&\textbf{0}&2\\ \times \:&\space\space&9&\textbf{4}\end{matrix}}{\begin{matrix}\space\space&\space\space&0&8\end{matrix}}[/tex]

[tex]\mathrm{Multiply}\\\\8\cdot \:4=32[/tex]

[tex]\mathrm{Carry\:}3\mathrm{\:to\:the\:column\:on\:the\:left\:and\:write\:}2\mathrm{\:in\:the\:result\:line}[/tex]

[tex]\frac{\begin{matrix}\space\space&3&\space\space&\space\space&\space\space\\ \space\space&\space\space&\textbf{8}&0&2\\ \times \:&\space\space&\space\space&9&\textbf{4}\end{matrix}}{\begin{matrix}\space\space&\space\space&2&0&8\end{matrix}}[/tex]

[tex]\mathrm{Add\:the\:carried\:digit,\:}3\mathrm{,\:to\:the\:result}[/tex]

[tex]\frac{\begin{matrix}\space\space&3&\space\space&\space\space&\space\space\\ \space\space&\space\space&8&0&2\\ \times \:&\space\space&\space\space&9&4\end{matrix}}{\begin{matrix}\space\space&3&2&0&8\end{matrix}}[/tex]

[tex]\mathrm{Multiply\:the\:top\:number\:by\:the\:bolded\:digit\:of\:the\:bottom\:number}[/tex]

[tex]\frac{\begin{matrix}\space\space&\space\space&\textbf{8}&\textbf{0}&\textbf{2}\\ \space\space&\times \:&\space\space&\textbf{9}&4\end{matrix}}{\begin{matrix}\space\space&3&2&0&8\end{matrix}}[/tex]

[tex]\mathrm{Mutliply\:the\:bold\:numbers}:\quad \:2\cdot \:9=18[/tex]

[tex]\mathrm{Carry\:}1\mathrm{\:to\:the\:column\:on\:the\:left\:and\:write\:}8\mathrm{\:in\:the\:result\:line}[/tex]

[tex]\frac{\begin{matrix}\space\space&\space\space&\space\space&1&\space\space\\ \space\space&\space\space&8&0&\textbf{2}\\ \space\space&\times \:&\space\space&\textbf{9}&4\end{matrix}}{\begin{matrix}\space\space&3&2&0&8\\ \space\space&\space\space&\space\space&8&\space\space\end{matrix}}[/tex]

[tex]\mathrm{Add\:the\:carried\:number\:to\:the\:multiplication}:\quad \:1+0\cdot \:9=1[/tex]

[tex]\frac{\begin{matrix}\space\space&\space\space&\space\space&\textbf{1}&\space\space\\ \space\space&\space\space&8&\textbf{0}&2\\ \space\space&\times \:&\space\space&\textbf{9}&4\end{matrix}}{\begin{matrix}\space\space&3&2&0&8\\ \space\space&\space\space&1&8&\space\space\end{matrix}}[/tex]

[tex]\mathrm{Mutliply\:the\:bold\:numbers}:\quad \:8\cdot \:9=72[/tex]

[tex]\mathrm{Carry\:}7\mathrm{\:to\:the\:column\:on\:the\:left\:and\:write\:}2\mathrm{\:in\:the\:result\:line}[/tex]

[tex]\frac{\begin{matrix}\space\space&7&\space\space&1&\space\space\\ \space\space&\space\space&\textbf{8}&0&2\\ \times \:&\space\space&\space\space&\textbf{9}&4\end{matrix}}{\begin{matrix}\space\space&3&2&0&8\\ \space\space&2&1&8&\space\space\end{matrix}}[/tex]

[tex]\mathrm{Add\:the\:carried\:digit,\:}7\mathrm{,\:to\:the\:result}[/tex]

[tex]\frac{\begin{matrix}\space\space&7&\space\space&1&\space\space\\ \space\space&\space\space&8&0&2\\ \times \:&\space\space&\space\space&9&4\end{matrix}}{\begin{matrix}\space\space&3&2&0&8\\ 7&2&1&8&\space\space\end{matrix}}[/tex]

[tex]\mathrm{Add\:the\:rows\:to\:get\:the\:answer.\:\:\:Fill\:in\:trailing\:zeros\:\:(not\:required)}[/tex]

[tex]\frac{\begin{matrix}\space\space&\space\space&8&0&2\\ \space\space&\times \:&\space\space&9&4\end{matrix}}{\begin{matrix}0&3&2&0&8\\ 7&2&1&8&0\end{matrix}}[/tex]     [tex]=75,388[/tex]

See Image for the addition:

find the sum of all the odd numbers between 51 and 99 inclusive​

Answers

Answer:

1875

Step-by-step explanation:

they are sixty four thousand people at a football game 80% of the people were supporting the home team how many people were supporting the home team ​

Answers

Answer:

51200

Step-by-step explanation:

64000×80%=51200

[tex]\huge\mathfrak{question}[/tex]

they are sixty four thousand people at a football game 80% of the people were supporting the home team how many people were supporting the home team

[tex] \huge \mathfrak step \: by \: step[/tex]

First we will look for how much 80% of 64,000 is.

Lets put our equation

[tex]64000 \times 80 \div 100[/tex]

solve it and we get

[tex]{{\boxed{{51200}}}}}[/tex]

as our answer

Suppose that we compute a 90% confidence interval for an unknown population mean . Which of the following is a correct interpretation?
90% of all possible

Answers

(Use the 68‑95‑99.7 rule.) Suppose that we compute a 90% z confidence interval for an unknown population mean . Which of the following is a correct interpretation? 90% of all possible confidence intervals computed from samples of the same size would contain .

Write the equation of the line in Point-Slope Form given the information below.

Slope=7

Point=(1,4)

Answers

Answer:

Step-by-step explanation:

y - 4 = 7(x - 1)

y - 4 = 7x - 7

y = 7x - 3

Solve for r.
4r–3r=20
r=

Answers

Answer:

20

Step-by-step explanation:

4r - 3r = 20

r = 20

There you go.

Answer:

r = 20

Step-by-step explanation:

Let's solve your equation step-by-step.

4r − 3r = 20

Step 1: Simplify both sides of the equation.

4r − 3r =20

4r + −3r =20

(4r + −3r) =20 (Combine Like Terms)

r = 20

Hope this helps

9) You want to buy a backpack which costs $34.82. Now it is on sale of 30% off. What is the
discount amount? What is the final cost with the discount?

Answers

Answer:

10.446

Step-by-step explanation:

use a calculator to find the square for 7.6​

Answers

Answer:

Using a calcuator, [tex]7.6^{2} =57.76[/tex]

Answer:

Hey mate....

Step-by-step explanation:

This is ur answer....

Shows me 57.76 well....

Hope it helps!

Brainliest pls!

Follow me! ♧

hey yall it's holiday season and I want to wish you all a good Christmas and Thanksgiving anyways what is your favorite nintendo game?​

Answers

Answer:

Merry xmas bro

Step-by-step explanation:

fav nintendo game is the first mario

A student's cost for last semester at her community college was 2800. She spent 448 of that on books. what percent of semester's college costs was sp books?

Answers

16%

Step-by-step explanation:

Percent can by calculated by part divided by whole multiplied by one hundred so (448/2800)*100=16

what is the measure of x?

Answers

Answer:

Hello!

After reviewing the problem you have provided I have come up with the correct solution:

x= 9

Step-by-step explanation:

To come up with this solution you have to first realize that the smaller triangle is a proportionally scaled down version of the entire larger triangle! (I will show what I mean in a linked picture)

So after we have realized that the smaller triangle is a scaled down version of the larger one, we can then create a formula or ratio to calculate the value of the missing side of the larger triangle (being x+6=??).

To create the formula/ratio I divided 10inches by 4inches. Thus the larger triangle is 2.5 times larger than the smaller one.

I then use this ratio to figure out the missing length of the larger triangle by doing:

6inches x 2.5 = 15inches.

I then inputed the 15inches into the formula of the missing side:

x+6=15

Subtracted 6 from both sides to simplify, and came up with the solution!

x=9

Let me know if this helps!

Each square below represents one whole …. What percent is represented by the shaded area?

Answers

50%
we see that one half of the square is shaded. therefore that’s 1/2. and to cover to a percentage, we multiply the fraction by 100%!

therefore: 1/2 x 100%= 50%

hope this helped❤️

Answer:

50%

Step-by-step explanation:

The diagonal line divides the square in half

I hope this help you

Can somebody answer this?

Answers

True

One from of the linear function is Y =  mx + b where b is the y intercept.

The y intercept is where x is 0 so it would be at (0,6)

Jackie works as a server at a local restaurant. She makes $8 per hour. She worked 34 hours last week. She made $250 in tips. What was her gross pay?

Answers

8 times 34 = 272
272 plus. 250 = 522

Jaya wants to make a vegetable garden in her backyard for 6 different vegetables. She makes 6 sections in the garden. The dimensions of the garden are 3 sections long by 2 sections wide. Each section is in the shape of a square. The area of the vegetable garden is 91.26 square feet. What is the length of the vegetable garden?

Answers

The length of the vegetable garden is 11.7 ft.

The dimension of the garden are 3 section long and 2 section wide.

let

each section length = x

Therefore,

length of garden = 3x

width of garden = 2x

Area of the vegetable garden = 91.26 ft²

3x(2x) = 91.26 ft²

6x² = 91.26

x² = 91.26 / 6

x² = 15.21

x = √15.21

x = 3.9

length of the vegetable garden = 3(3.9) = 11.7 ft

read more: https://brainly.com/question/13028967?referrer=searchResults

Heeeeelllllllppppppp

Answers

1.

[tex]y=\frac{5}{3} x-2[/tex]

2.

[tex]y=-2x+2[/tex]

3.

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

4.

[tex]y=\frac{1}{4}x[/tex]

John has $50 he spent 1/5 of it on a book and 1/10 on a flashlight how much money did he have left​

Answers

He has 35 dollars left

I just need the properties in order help plz

Answers

[tex] \: \: \: \: [/tex]

[tex]6x - 30 - 3x = - 12[/tex]

move the variable to the left hand side and change its sign, move the constant to the right hand side and change its sign

[tex]6x - 30 = - 12[/tex]

collect like terms and calculate the sum

[tex] 3x = - 18[/tex]

divide both sides of the equation by 3

[tex]x = 3[/tex]

hope it helps

[tex] \: \: \: \: \: [/tex]

[tex]\sf \longmapsto6(x−5)=3x−12[/tex]

Simplify both sides

[tex]\sf \longmapsto(6)(x)+(6)(−5)=3x+−12[/tex]

[tex]\sf \longmapsto6x+−30=3x+−12[/tex]

[tex]\sf \longmapsto \: 6x - 30 = 3x - 12[/tex]

Subtract 3x from both sides

[tex]\sf \longmapsto \: 6x−30−3x=3x−12−3x[/tex]

[tex]\sf \longmapsto3x−30=−12[/tex]

Add 30 to both sides

[tex]\sf \longmapsto3x−30+30=−12+30[/tex]

[tex]\sf \longmapsto3x=18[/tex]

Divide both sides by 3

[tex]\sf \longmapsto \: \dfrac{3x}{3} = \dfrac{18}{3} [/tex]

[tex]\sf \longmapsto \: x = 6[/tex]

[tex] \boxed{\sf \: x = 6 }[/tex]

please help struggling a lot!

Answers

Answer:

- 162, 486, - 1458

Step-by-step explanation:

To find the next term in a geometric sequence , multiply the previous term by the common ratio r

r = [tex]\frac{T_{2} }{T_{1} }[/tex] = [tex]\frac{-18}{6}[/tex] = - 3 , then

T₄ = T₃ × - 3 = 54 × - 3 = - 162

T₅ = T₄ × - 3 = 486

T₆ = T₅ × - 3 = - 1458

If Esteban continues at the same rate, how many miles will he have traveled in 6 hours?



A. 36
B. 300
C. 360
D. 420

Answers

Answer360

Step-by-step explanation:

i need help on this math problem

Answers

Answer:

Natalie pays $9 every week.

d = 9w + 72

Step-by-step explanation:

Are the following two lines parallel, perpendicular, neither, or the same line?
3x+4y = 2
4x+3y = 2
what are they?

Answers

Answer:

Neither.

Step-by-step explanation:

Manipulate the formulas into slope-intercept form which is [tex]y=mx+b[/tex].

In order for them to be parallel, m needs to be the same. Perpendicular, m for one needs to be the negative reciprocal of the other [tex]m=-\frac{1}{m}[/tex].

Let's see what we get.

(1)

[tex]3x+4y=2\\4y=-3x+2\\y=-\frac{3}{4}x+1/2[/tex]

(2)

[tex]4x+3y=2\\3y=-4x+2\\y=-\frac{4}{3}x+2/3[/tex]

They are reciprocals, but they are both negative. So, they are not the same line, perpendicular, nor parallel.

Also, you can graph these equations on desmos and see easily that they have none of these relationships.

Assume that a set of test scores is normally distributed with a mean of 80 and a standard deviation of 10.

Use the​ 68-95-99.7 rule to find the following quantities.

a. The percentage of scores less than 80 is _​%.

Answers

Answer:

I don't know

Step-by-step explanation:

please help with this

Answers

Answer:

2,4,6,

6,12,18

10,20,30

hi if you know 8th grd math pls help

Answers

Answer:

all correct except A.

Step-by-step explanation:

pls mark me brainly if u can

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