a person invested $330 in an account growing at a rate allowing the money to double every 8 years. Write a function showing the amount of money in the account after tt years, where the annual growth rate can be found from a constant in the function. Round all coefficients in the function to four decimal places. Also, determine the percentage of growth per year, to the nearest hundredth of a percent.

Answers

Answer 1

Answer:

The percentage of growth is of 9.05%.

The amount of money in the account after t years is given by [tex]P(t) = 330(1.0905)^t[/tex]

Step-by-step explanation:

Amount of money after t years:

The amount of money in an account after t years is given by:

[tex]P(t) = P(0)(1+r)^t[/tex]

In which P(0) is the initial deposit and r is the growth rate, as a decimal.

Money doubles every 8 years.

This means that [tex]P(8) = 2P(0)[/tex]. So

[tex]P(t) = P(0)(1+r)^t[/tex]

[tex]2P(0) = P(0)(1+r)^8[/tex]

[tex](1+r)^8 = 2[/tex]

[tex]\sqrt[8]{(1+r)^8} = \sqrt[8]{2}[/tex]

[tex]1 + r = 2^{\frac{1}{8}}[/tex]

[tex]1 + r = 1.0905[/tex]

[tex]r = 1.0905 - 1[/tex]

[tex]r = 0.0905[/tex]

The percentage of growth is of 0.0905 = 9.05%.

Person invested $330

This means that [tex]P(0) = 330[/tex]

So

[tex]P(t) = P(0)(1+r)^t[/tex]

[tex]P(t) = 330(1+0.0905)^t[/tex]

[tex]P(t) = 330(1.0905)^t[/tex]

The amount of money in the account after t years is given by [tex]P(t) = 330(1.0905)^t[/tex]


Related Questions

[need math help] Study buddies part #2

Answers

Answer:

Part A) The distance between Whitney's house and Anh's house is 6.5 miles.

Part B) The total distance traveled by Whitney during the trip was 9.5 miles.

Step-by-step explanation:

Part A)

Notice that during Whitney's journey to Anh's house, her velocity was negative for some time. So, Whitney was travelling backwards. Hence, the total distance Whitney traveled will be greater than the actual distance from Whitney's house to Anh's.

So, instead, we can calculate Whitney's total displacement. Total displacement is given by:

[tex]\displaystyle \text{Displacement}=\int_a^bv(t)\, dt[/tex]

Where v(t) is the velocity function.

So, the displacement of Whitney when she traveled from her house to Anh's house will be:

[tex]\displaystyle \text{Displacement}=\int_0^{24}v(t)\, dt[/tex]

To calculate the integral, we can split it off at t = 11, t = 16, and t = 24.

The three regions represent three geometric figures, which we can use to calculate the area and then find the integral. Rewriting:

[tex]\displaystyle \text{Displacement}=\int_0^{11}v(t)\, dt+\int_{11}^{16}v(t)\, dt+\int_{16}^{24}v(t)\, dt[/tex]

Now, we can calculate the area of each figure.

The first figure is a trapezoid with a height of 0.8 and two bases of 11 and 3. So, its area is:

[tex]\displaystyle A_1=\frac{1}{2}(0.8)(11+3)=5.6\text{ miles}[/tex]

The second figure is a triangle with a height of 0.6 and a base of 5. So, its area is:

[tex]\displaystyle A_2=\frac{1}{2}(0.6)(5)=1.5\text{ miles}[/tex]

Lastly, the third figure is another triangle will a height of 0.6 and a base of 8. So, its area is:

[tex]\displaystyle A_3=\frac{1}{2}(0.6)(8)=2.4\text{ miles}[/tex]

However, notice that the second figure is below the x-axis. During that interval, Whitney was traveling backwards. Hence, we will subtract the second area from the rest of the areas.

Then the displacement will be:

[tex]\displaystyle \text{Displacement}=5.6-1.5+2.4=6.5\text{ miles}[/tex]

So, the distance between Whitney's house and Anh's house is 6.5 miles.

Part B)

The total distance differs from displacement in that it includes all the distances in both directions. It is given by:

[tex]\displaystyle \text{Distance}=\int_a^b|v(t)|\, dt[/tex]

In other words, all of our values are now positive. We will utilize the same strategy:

[tex]\displaystyle \text{Distance}=\int_0^{11}|v(t)|\, dt+\int_{11}^{16}|v(t)|\, dt+\int_{16}^{24}|v(t)|\, dt[/tex]

Substitute. The only difference is that we will add 1.5 instead of subtracting it. So:

[tex]\displaystyle \text{Distance} =5.6+1.5+2.4=9.5[/tex]

Therefore, in this instance, Whitney traveled a total of 9.5 miles to get to Anh's house.

Plz help me well mark brainliest If Correct

Answers

You would have to begin at (2,4) to reach (5,6)

-3 < 5 true or false

Answers

Answer:

true

Step-by-step explanation:

Answer:

true?

Step-by-step explanation:

CAN SOMEONE PLEASE ANSWER THIS QUICKLY I DONT GOT TIME​

Answers

Answer:

6) 5(1/3)

7) 5(1/3)

8) 3(3/5) or 18/5

because answer were cut off

Answer:

7) 5 [tex]\frac{1}{3} \\[/tex]

8) 5 [tex]\frac{1}{3}[/tex]

9) 3 [tex]\frac{3}{5}[/tex]

hope it is right, just use your calculator

Convert the following fractions to decimals. 1/8 1/9 2/3 4/7 3/10 5/3 9/5 5/6

Answers

Answer:

1/8 = 0.125

1/9 = 0.1

2/3 = 0.6

4/7 = 0. 571428

3/10 = 0.3

5/3 = 1.6

9/5 = 1.8

5/6 = 0.83

find the missing side of each triangle using the pythagorean theorem

Answers

Answer:

x=5

Step-by-step explanation:

The pythagorean theorem stats a^2+b^2=c^2. We are already given the values of the two legs of the triangle so we need to solve for the length of the hypotenuse (the longest part of the triangle). To do so, you put in 3 and 4 as a and b so you get 3^2+4^2=c^2. After squaring both numbers you get 16+9=c^2. Then you add 16 and 9 to get 25=c^2. To get rid of the power of 2, we square root both sides to get rid of the exponent. Since 25 is a perfect square, you get c=5 which means that the x value eqals 5.

what is 2 1/2 × 1/9 and how do i get the answer​

Answers

Step-by-step explanation:

Use the expression 15×3+7(4+1)−52.

Question 1
Part A

Evaluate the expression.

Enter the correct answer in the box.

Answers

Answer:

15×3+7(4+1)-52

15×3+7(5)-52

15×3+35-52

45+35-52

80-52

=28

15x3+3+7(4+1)-52
(4+1)=(5)
7x5=35
15x3=45
45+3+35-52
83-52=31

What is the measure of ZP, to the
nearest degree?
O 44°
O 46°
0 58°
0 72°

Answers

Answer:

44

Step-by-step explanation:

ieubedhjdidieuehehbebeheiduudueuehhehehe


Find the slope, or rate of change, from the following ordered pair: (-2, 17) and (-1,5)

Answers

Answer:

Slope, m = -12

Step-by-step explanation:

Given the following data;

Points on the x-axis (x1, x2) = (-2, -1)

Points on the y-axis (y1, y2) = (17, 5)

To find the slope, m;

Mathematically, slope is given by the formula;

[tex] Slope = \frac{Change \; in \; y \; axis}{Change \; in \; x \; axis} [/tex]

[tex] Slope, m = \frac {y_{2} - y_{1}}{x_{2} - x_{1}} [/tex]

Substituting into the equation, we have;

[tex] Slope, m = \frac {5 - 17}{-1 - (-2)} [/tex]

[tex] Slope, m = \frac {-12}{-1 + 2} [/tex]

[tex] Slope, m = \frac {-12}{1} [/tex]

Slope, m = -12

can someone please help me

Answers

Answer:

B

Step-by-step explanation:

minimum = 1

first quartile = 12

median = 6

third quartile = 16

maximum = 19

this as well, pleasee!!!

Answers

The inner circle circumference is 18 and the outer is 4

Answer:

the big one has a circumstance of 2*pi*9=56.52

the small one 2*pi*7=43.96

difference = 12.56= 4pi

What is the ratio of 4 to 12

Answers

Answer:

3?

Step-by-step explanation:

5) Round $2.879 to the nearest cent

6) Round 56.8567863 to the nearest tenth (one decimal place)

Answers

When rounded, these numbers would be 2.90 and 56.9

A random sample of 388 married couples found that 294 had two or more personality preferences in common. In another random sample of 566 married couples, it was found that only 38 had no preferences in common. Let p1 be the population proportion of all married couples who have two or more personality preferences in common. Let p2 be the population proportion of all married couples who have no personality preferences in common.

Answers

Solution :

Given :

[tex]$n_1=388$[/tex] , [tex]$x_1 = 294, \ n_2 = 566, \ x_2 = 38$[/tex]

Sample proportion, [tex]$(\hat p_1)=\frac{x_1}{n_1}$[/tex]

                                        [tex]$=\frac{294}{388}$[/tex]

                                       = 0.7577

Sample proportion, [tex]$(\hat p_2)=\frac{x_2}{n_2}$[/tex]

                                        [tex]$=\frac{38}{566}$[/tex]

                                       = 0.0671

For 95 % CI, z = 1.96

The confidence interval for the population proportion,

[tex]$p_1-p_2=(\hat p_1-\hat p_2)\pm z \left\{\sqrt{\frac{\hat p_1 \times (1- \hat p_1)}{n_1}+\frac{\hat p_2 \times (1- \hat p_2)}{n_2}}\right\}$[/tex]

           [tex]$=(0.7577-0.0671)\pm 1.96 \left\{\sqrt{\frac{0.7577 \times (1- 0.7577)}{388}+\frac{0.0671 \times (1- 0.0671)}{566}}\right\}$[/tex]

[tex]$=0.6906 \pm 1.96 \times \left 0.0241$[/tex]

= [tex]$0.6906 \pm 0.0472 $[/tex]

Lower limit : 0.6906 - 0.0472 = 0.6434

Upper limit : 0.6906 + 0.0472 = 0.7378

Solve for t

4/3 = t/7

Answers

Answer:

[tex]\frac{28}{3}=t[/tex]

Step-by-step explanation:

[tex]\frac{4}{3}=\frac{t}{7}[/tex]

Use cross products to simplify the equation. Multiply the denominator of the second fraction by the numerator of the first fraction, and the denominator of the first fraction by the numerator of the second,

[tex](4)(7) = (3)(t)[/tex]

Simplify,

[tex]28=3t[/tex]

Inverse operations,

[tex]\frac{28}{3}=t[/tex]

What is the volume of the regular pyramid below?
12,12,71
A. 3408 units3
B. 852 units3
C. 10,224 units3
D. 270 units3

Answers

The answer is A hope this helps you.

A triangle has a 90° angle and two sides that measure 5 cm in length. Which statements are true about this triangle?

Answers

Answer:

what are the statements

Step-by-step explanation:

We don’t know what the statements are so we can’t do anything

What is 1/2 plus 1/3 plus 5/6 ??

Answers

Answer:

10/6 or 5/3

Step-by-step explanation:

1/2 ---> 3/6

1/3 ---> 2/6

5/6 ---> 5/6

Add those new fractions together:

(3/6) + (2/6) + (5/6) = 10/6 or 5/3

Answer:

10/6 or 5/3

Step-by-step explanation:

Hope it help's :)

1) A sum of money is divided in the ratio 4:3.If
the larger part is $44 1) What is the small part?
2) What is the total amount? *

Answers

Answer:

Smaller part = $33 and total amount = $77

Step-by-step explanation:

Let the numbers be 4x and 3x.

The larger number is $44

ATQ,

44x = 44

x = 11

(1) Smaller number = 3x

= 3(11)

= 33

(2) Total amount

T = 33+44

T = 77

Hence, this is the required solution.

Question 5 of 10
Which system of inequalities is graphed below?
5
O A. y

Answers

Answer:

you did not send the graph-_-

Step-by-step explanation:

what will happen if joe Biden raises tax rate like what
effect will that have on the economy

Answers

the economy goes down and it will be bad

Find sin 0
16
20
A.
В.
C.
D.
13

Answers

Answer:

dont know im sorry

Step-by-step explanation:

i believe the answer is b. good luck.

Christopher sold his dinette set for $245 through an online site, which charged him 9% of the selling price as commission. How much was the commission?

Answers

Answer:

3.67

Step-by-step explanation:

Because, 9% is literally just 9/100

and when you multiply that by 245 then you get 3.67

if f(x) = 2x+6 and g(x) = x(3) , what is (g0f)(0)

Answers

Answer:

(g0f)= (2x0+6 x 0x3)= 8x3= 24

Step-by-step explanation:

I'm not sure

:) sorry

To the nearest whole unit, what is the perimeter of triangle ABC?
6 units
8 units
14 units
16 units

Answers

Answer:

14 unit I think hope it helps

Which equation has a slope of –2 and passes through the point (5, 0)?
A. y = 2x + 5
B. y = 2x + 10
C. y = –2x + 5
D. y = –2x + 10

Answers

Answer:

D. y = –2x + 10  

Step-by-step explanation:

1) First, write the equation of the line in point-slope form with the given information. Use the point-slope formula [tex]y-y_1 = m (x-x_1)[/tex] and substitute values for [tex]m[/tex], [tex]x_1[/tex], and [tex]y_1[/tex].  

Since [tex]m[/tex] represents the slope, substitute -2 in its place. Since [tex]x_1[/tex] and [tex]y_1[/tex] represent the x and y values of a point the line intersects, substitute the x and y values of (5,0) into the formula as well. This gives the following equation:

[tex]y - 0 = -2(x-5)\\y = -2(x-5)[/tex]

2) Expand the right side of the equation to find the answer:

[tex]y = -2(x-5)\\y = -2x+10[/tex]

So, option D is correct.

Jason bought 12 new CDs to add to his
collection. The next day, his baby
brother went into his room and
scratched half of his CDs. He now only
has 56 working CDs left. How many
CDs did Jason start with?

Answers

Answer:

He had origanlly had 68 altogether

Step-by-step explanation:

Because if u count the scrateched ones which was 6 is now 62 then add the other six because there was 12 and his brother scrateched half which is basically 12 / 2 = 6 so if u add the six is 68

What Im basically saying is 56 + 12 = 68

There are 5 yellow pens 6 blue pens 9 green pens she picks 1 at random and does not replace it then she picks another pen

Answers

What’s the question here?

Can someone tell me if the answers i entered are correct ?? If not please tell me whats right

Answers

Answer:

theyre correct

Step-by-step explanation:

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