Martha Burns invested $14,200 in an account that pays 6% interest compounded monthly. Find the future value and the interest she earned on her investment if she kept it for 8 years.

Answers

Answer 1

Answer: Martha earned $13,728.12 in interest over 8 years.

Step-by-step explanation:

The future value of Martha's investment can be calculated using the formula:

FV = PV (1 + r/n)^(nt)

Where:

PV = present value (initial investment) = $14,200

r = annual interest rate = 6%

n = number of times the interest is compounded per year = 12 (monthly)

t = number of years the investment is held = 8

Plugging in the values, we get:

FV = 14,200(1 + 0.06/12)^(12*8) = $27,928.12

The interest earned on her investment is the difference between the future value and the present value:

$27,928.12 - $14,200 = $13,728.12

So Martha earned $13,728.12 in interest over 8 years.

Answer 2

Answer:

$22,920.83

Step-by-step explanation:

assuming 6% is annual rate

so 12 months in a year = 6%/12 = 0.5% per month

so every month she gets  (1+0.5%)  growth on her previous balance

so for 8 years = 96 months,

she'll get that growth 96 times

so it'll be 14,200 *(1+0.5%) ^ 96 =22,920.83


Related Questions

7) Complete the blanks in this bank statement.
Date
25/03/20
28/03/20
29/03/20
Income Outgoings Balance
£453
£1200
£957

Answers

Using the arithmetic operations the balance amount for 28/03/20 and incoming amount for 29/03/20 is obtained as £ 747 and £ 210 respectively.

What is arithmetic operation?

A subject of mathematics known as arithmetic operations deals with the study and use of numbers in all other branches of mathematics. Basic operations including addition, subtraction, multiplication, and division are included.

The statement of bank account is given.

On 25/03/20 the balance amount left in bank was £ 1200.

On 28/03/20 the outgoing amount from the bank was £ 453.

To find the balance amount for 28/03/20, use the arithmetic operation of subtraction -

Balance amount = Previous Balance - Outgoing Amount

Substitute the values in the equation -

Balance amount = 1200 - 453

Balance amount = 747

Therefore, the balance amount for 28/03/20 was £ 747.

Now, On 29/03/20 the balance amount left in bank was £ 957.

To find the incoming amount for 29/03/20, use the arithmetic operation of subtraction -

Incoming Amount = New Balance - Previous Balance

Incoming Amount = 957 - 747

Incoming Amount = 210

Therefore, the incoming amount for 29/03/20 was £ 210.

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a p-value is .1151. what is the test-statistic (z-score)? explain how you know this. (explain how you calculated the answer.)

Answers

The test-statistic (z-score) is 1.19984.

To find the test statistic (z-score) using the p-value, you will need to use the inverse of the standard normal cumulative distribution function (CDF), also known as the inverse normal function or the "normal inverse function." This function can be found using a calculator or a spreadsheet program with built-in functions, or you can use a table of standard normal probabilities to find the corresponding z-score for a given p-value.

For example, if the p-value is 0.05, you would look up the corresponding z-score in a table of standard normal probabilities and find that it is approximately 1.645. This means that the test statistic (z-score) for a p-value of 0.05 is 1.645.

It's important to note that this method only works for a one-tailed test, for a two-tailed test you need to divide your p-value by 2 and then use the inverse normal function.

so, the p-value is 0.1151, you would look up the corresponding z-score in a table of standard normal probabilities and find that it is approximately 1.19984.

Therefore, the test-statistic (z-score) is 1.19984.

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I need 2 and example 3 please help I am desperate

Answers

the measure of ∠ABE is 47°.

What is congruent of the triangle?

The shapes maintain their equality regardless of how they are turned, flipped, or rotated before being cut out and stacked. We'll see that they'll be placed entirely on top of one another and will superimpose one another. Due to their identical radius and ability to be positioned directly on top of one another, the following circles are considered to be congruent.

Any two figures can be perfectly positioned over one another to demonstrate their congruence. The relationship between two figures that are said to be congruent is described using the word "congruence."

ΔABE and ΔCEB both are congrurent trinalge.

∠ABE =∠ CEB

The ∠ CEB+ ∠CBE = 90

∠ CEB = 90-43 = 47

As ∠ABE =∠ CEB  =47°

So the measure of ∠ABE is 47°.

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Neely has $1. 73 in coins. He gives his friend 1 quarter and 3 nickel

What is the value of the coins he has left?

Answers

If Neely has $1.73 in coins and he gives his friend 1 quarter and 3 nickel , then the value of coins he has left is $1.65   .

the value of number of coins Neely has is = $1.73  ;

he gives his friend "1 quarter" , and the value of 1 quarter in dollar is = $0.25

the amount left with Neely is = $1.73 - $0.25 = $1.48 ;

next he gave his friend "3 nickels" , and value of 3 nickels in dollars in $0.15 ;

So , the amount left with Neely is - $1.48 - $0.15 = $1.65  .

Therefore , the Neely is left with $1.65 value of coins .

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michael has a drawer with 8 pairs of black socks and 12 pairs of white socks. without looking he takes a white pair of socks out of the drawer. what is the probability that the next pair he takes out is white?

Answers

The Probability that the next pair Michael takes out is black = 8 / 19

What is Probability?

Probability is deals with "occurrence of Random event. The value is expressed from 0 to 1".

According to the question,

Total number of pairs of socks = 8 + 12 =20

Probability of taking pairs of black socks,  P(B )= 8 / 20

Probability of taking pairs of white socks,  P(W) = 12 / 20

But after taking Black pair socks the total number socks = 19.

Hence, the Probability of taking Black pair socks from drawer is 8 / 19 .

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Greg calculated that he has to drive at least 50 miles per hour on the highway to get to his destination on time. What number line shows the solution set to this inequality

Answers

The number line which best conveys Gregg's situation is B.

line B is the answer and the image is attached,

Since Greg has calculated that his least or minimum speed should be 50 miles per hour ,

Then the line starts at 50 with the starting point shaded due to the at least notation.

Then at least means that,

Gregg may need to travel at a higher speed than 50, so the direction of the arrow moves to the right of the number line depicting a possible increase in Gregg's speed.

Therefore, the number line which best conveys Gregg's situation is B.

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W is inversely proportional tof

When f = 12, w = 40

(a) Find a formula connecting w and f

(b) Find the value of w when f = 60

3

B is inversely proportional to y

When B = 0. 8, y = 13

(a) Find an equation for B in terms of y.

(b) Work out the value of B when y = 5

Answers

Equation with inversely proportional relation gives answer of the following questions :

1.  a.  w = k₁ / f                                b. f =60 ⇒ w = 8

2. a. B = k₂/ y                                  b. y = 5 ⇒ B = 2.08

1. Representation of the formula connecting :

w is inversely proportional to the variable f

a . w ∝ ( 1 / f )

⇒ w = k₁ / f  

where k₁ is the constant of proportionality.

When w = 40 , f = 12

40 = k₁ / 12

⇒ k₁ = (40)(12)

⇒ k₁ = 480

b . f = 60

Value of 'w' is equal to :

⇒ w= 480 / 60

⇒ w = 8

2. B is inversely proportional to the variable y

a . B ∝ ( 1 / y )

⇒B = k₂ / y

where k₂ is the constant of proportionality.

When B = 0.8 , y = 13

0.8 = k₂ / 13

⇒ k₂ = (0.8)(13)

⇒ k₂ = 10.4

b . y = 5

⇒ B= 10.4 / 5

⇒ B = 2.08

Therefore, the required values and formula to represents the inversely proportional relation are:

The above question is incomplete, the complete question is :

1. W is inversely proportional to f , When f = 12, w = 40

(a) Find a formula connecting w and f .

(b) Find the value of w when f = 60.

2. B is inversely proportional to y , When B = 0. 8, y = 13

(a) Find an equation for B in terms of y.

(b) Work out the value of B when y = 5

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Please help I need the answers ASAP!

Answers

Part A:

Find m∠2,

Since ∠1 and ∠2 are alternate interior angles, they are equal. So, m∠2=60°

Part B:  

Find m∠3,

Since ∠2 and∠3 are supplementary, the sum of their measures is 180°. So, m∠3=180°-60° which is 120°.

An artist draws a stained glass window to scale. The actual window will have a length of 5ft and a width of 2ft. The scale from the drawing to the window is 2in to 1 ft. What is the width of the drawing?

Answers

Answer: 4 in

Step-by-step explanation:

Can someone please help me with this? I need help ASAP

Answers

Answer:

58

Step-by-step explanation:

error: 64+2p = 180.  he missed 1 p.

so 2p =180-64

p = 58

Two neon signs are turned on at the same time. Both signs blink as they are turned on. One sign blinks every 9 seconds. The other sign blinks every 15 seconds. In how many seconds will they blink together again? please use prime factorization tree

Answers

After 45 seconds they blink together again.

What is Least Common Multiple?

Least Common Multiple is a mathematical term. The smallest number that is a multiple of both of two numbers is called the least common multiple.

For example, L.C.M of 16 and 20 will be 2 x 2 x 2 x 2 x 5 = 80, where 80 is the smallest common multiple for numbers 16 and 20.

Given:

One sign blinks every 9 seconds. The other sign blinks every 15 seconds.

Now, to find they blink together again we have to find the LCM of 9 and 15.

For 9 the lights will blink at seconds: 0, 9, 18, 27, 36, 45, 54, 63,

and, For 15 the lights will blink at seconds: 0, 15, 30, 45, 60, 75

Hence, they blink together at 45 seconds.

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assuming the company's claim is true, what is the probability that the mean loss from fire is greater than 300

Answers

The probability that the mean loss from f-i-re is larger than $300 for an S-R-S of 1000 home owners is 0.3085.

This problem can be solved using the Central Limit Theorem, which states that the sampling distribution of the mean of any independent, random variable will be normal or nearly normal if the sample size is large enough (typically if n > 30).

Since the population is strongly right-skewed and the sample size is large (n = 1000), we can assume that the sampling distribution of the mean loss from fi-re will be approximately normal.

The mean of the sampling distribution is equal to the population mean, and a standard deviation equal to the population standard deviation divided by the square root of the sample size. In this case, we have:

Populatio mean (μ) = $250

Population standard deviation (σ) = $5000

Sample size (n) = 1000

Sample mean = $300

Probability of sample mean > $300 = ?

Now, standard deviation of sample mean = σ / sqrt(n) = $5000 / sqrt(1000) = $158.11

Now, we need to standardize the sample mean using the z-score formula:

z = (sample mean- population mean) / (σ / sqrt(n)) = (300 - 250) / 158.11 = 0.316

Using a standard normal distribution table or calculator, we can find the probability of a z-score greater than 0.316 to be approximately 0.3765 or about 37.65%.

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The ratio of side lengths of a quadrilateral is 3 : 5 : 6 : 9, and its perimeter is 9.6cm. What is the length of the longest side?

Answers

The length of the longest side is solved to be 3.76 cm

How to determine the length of the longest side

An ordered pair of numbers a and b, represented as a / b, is a ratio if b is not equal to 0.

The perimeter o the quadrilateral have a formula that add all the sides together, assuming the factor of the original length is x, the perimeter is solved by

9.6 = 3x + 5x + 6x + 9x

9.6 = 23x

x = 9.6 / 23

x = 0.4174

The length of the longest side

= 9x

= 9 * 0.4174

= 3.76 cm

3.76 cm is the length of the longest side

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suppose the mean and standard deviation are 74.04 and 9.75, respectively. if we assume that the distribution of ages is mound-shaped and symmetric, what percentage of the respondents will be between 64.29 and 93.54 years old?

Answers

Approximately 81.5% of the respondent will be between 64.29 and 93.54 years old.

Given that:

Mean u = 74.04

Standard deviation S.D. = 9.75

Distribution of ages is mound-shaped and symmetric.

We have to find percentage of the respondent between 64.29 and 93.54 years old.

For 93.54

z-score = [tex]\frac{x-u}{S.D}[/tex]

Z score = (93.54 – 74.04)/9.75 = 19.5/9.75 = 2

For 64.29

Z score = (64.29 – 74.04)/9.75 = -9.75/9.75 = -1

Now p-value from z-table:

P(x<93.54) = p(z<2) = 0.97725

P(x>64.29) = p(z>-1) = 0.15866

Probability between 64.29 and 93.54 year old = .97725 – 0.15865

= 0.8186

Percentage of the respondent = 0.8186 * 100 = 81.8%

Therefore, approximately 81.5% of the respondent will be between 64.29 and 93.54 years old.

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Use the distributive property to write three different expressions that are equivalent to. 24xy + 48xz

Answers

Only thought of 2 on the spot but here
1/ 24(x+y) + 48(x+z)
2/ (24x + 24y) + (48x+48z)

3/4x-5=3/8 without fractions or decimals

Answers

Answer:

X= 7 1/6

Step-by-step explanation:

-3/4x-5=3/8

-Add 5 on both sides

-3/4x=43/8

-Divide 3/4 on both sides

-X= 7 1/6 (there is no way for this not to be a fraction or decimal.)

Witch is cheaper 50 head of cattle for $24,500 or 37 head of cattle for $18,870

Answers

to get the unit price, divide the money by how many is getting bought. in this case, 24,500 / 50 and 18,870 / 37. The first is $490. the second is $510. So the 50 head of cattle for 24,500 would be cheaper.

Brainly to whoever answers correctly.
Sidney made root beer floats for her friends when they came over. The table shows the ratio of cups of ice cream to cups of soda used to make the floats.

Ice Cream (cups) Soda (cups)
3.5 10.5
8 24
12.5 37.5
15 ?


At this rate, how much soda will Sidney use for 15 cups of ice cream?

30 cups
35 cups
40 cups
45 cups

Answers

The number of cups of soda Sidney will use for 15 cups of ice cream is 45 cups of soda.

What is a ratio?

The ratio shows how many times one value is contained in another value.

Example:

There are 3 apples and 2 oranges in a basket.

The ratio of apples to oranges is 3:2 or 3/2.

We have,

From the table,

3.5 cups of ice cream = 10.5 cups of soda.

This means,

1 cup of ice cream = 3 cups of soda.

Multiply 15 on both sides.

15 cups of ice cream = 45 cups of soda.

Thus,

45 cups of soda are used.  

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The area of a rectangular room is 750 square feet. The width of the room is 5 feet less than the length of the room. Which equations can be used to solve for y, the length of the room? Select three options. y(y + 5) = 750 y2 – 5y = 750 750 – y(y – 5) = 0 y(y – 5) + 750 = 0 (y + 25)(y – 30) = 0

Answers

The length of the room are y2 – 5y = 750 , y(y – 5) + 750 = 0 and (y + 25)(y – 30) = 0

How to determine the expression

it is important to note that the formula for calculating the area of a rectangle is expressed as;

A = lw

Such that;

A is the area of the rectanglel is the length of the rectanglew is the width of the rectangle

From the information given, we have that;

Length = y

Width = y - 5

Area = 750 square feet

Substitute the values into the formula

750 =y(y - 5)

expand the bracket

750 = y² - 5y

y² - 5y- 750 = 0

This is factorized to give;

(y + 250 (y - 30)

Hence, the expression is y² - 5y- 750 = 0

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Adam buys a bag of dog food with a weight of 7/8 pound and a bag of cat food with a weight of 1 whole 3/4 pounds. Estimate the total weight of the pet food he buys with benchmark fractions​

Answers

Answer:

To estimate the total weight of the pet food Adam buys, we can use benchmark fractions to compare the weight of the dog food (7/8 pound) and the weight of the cat food (1 3/4 pounds) to a benchmark fraction that we are familiar with.

We know that 1 whole pound is equal to 16 ounces. So, we can use this as a benchmark to estimate the weight of the dog food and cat food.

First, we'll convert 7/8 pound to ounces. 7/8 pound is equal to 7/8 * 16 = 14 ounces

Next, we'll convert 1 3/4 pound to ounces. 1 3/4 pound is equal to 1 * 16 + 3/4 * 16 = 16 + 12 = 28 ounces.

Now we can add the weight of the dog food and the cat food to get the total weight of the pet food Adam buys.

14 ounces + 28 ounces = 42 ounces

So, the total weight of the pet food Adam buys is approximately 42 ounces, which is roughly 2.6 pounds.

The estimate was made with benchmark fractions, which allows us to make a rough estimation of the weight of the pet food, but it's not as precise as the exact weight in pound or ounces.

Simply the expression & explain

Answers

Answer:

780

Step-by-step explanation: The answer is 780!

The table represents a proportional relationship. Write an equation to represent the relationship.

Answers

For the table of values gives, the equation of line is obtained as y = 1/3x.

What is an equation?

A mathematical definition of an equation is a claim that two expressions are equal when they are joined by the equals sign ("=").

The coordinate points for cups of flour, x and loaves of bread y is given in the table.

The slope-intercept form of an equation is - y = mx + b

To find the slope m use the formula -

(y2 - y1)/(x2 - x1)

Substituting the values in the equation -

(3 - 2)/(9 - 6)

1/3

So, the slope point is obtained as m = 1/3.

The equation becomes - y =1/3 x + b

To find the value of b substitute the values of x and y in the equation -

2 = 1/3(6) + b

2 = 2 + b

b = 2 - 2

b = 0

So, the value for b is 0.

Now, the equation becomes -

y = 1/3x + 0

y = 1/3x

The graph is plotted for the equation.

Therefore, the equation is y = 1/3x.

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Solve for question 1. Linear or exponential
2. Additively or multiplicatively
3. Common difference/ slope or common ratio/ multiplier/ base

Answers

Linear function would better model the data because as x increases, the y values change additively. The common difference of this function is approximately 159.

How to classify the functions?

A function is classified as exponential if when the input variable is changed by one, the output variable is multiplied by a constant.

A function is classified as linear if when the input variable is changed by one, the output variable is increased/decreased by a constant.

For this problem, the function is classified as linear, as the difference between consecutive terms is of approximately 159, while the ratios are different.

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Determine the values of m in the equation m2 = 36.

m = 18
m = 6
m = ±18
m = ±6

Answers

the values of m in the equation m^2 = 36 , is m= ±6.

What is Square root?

A square root of a number is a value that, when multiplied by itself, gives the number. In mathematics, a square root of a number x is a number y such that y² = x; in other words, a number y whose square is x.

here, we  have,

given that,

the equation m^2 = 36.

taking root on both side, we get,

m= ±6.

Hence, the values of m in the equation m^2 = 36 , is m= ±6.

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The sum of two numbers is 30. One exceeds the other by 15. What are the two numbers?​

Answers

let the number be x and y

x + y = 30 -----(1)

x = y + 15 -----(2)

y + y + 15 = 30

2y = 15

y = 7.5

x = 7.5 + 15 = 22.5

x= 22.5 , y = 7.5

Solve the simultaneous equation
3x + 4y = 67
5x + 6y = 106

Answers

Answer:

Step-by-step explanation:

if it takes 8 seconds for a ball to roll 24 meters downhill, what is the average speed of the ball?

Answers

The average speed of the ball which travelled 24 meters in 8 seconds is 3m/s.

What is the average speed of the ball?

Speed is simply referred to as distance traveled per unit time.

Mathematically, Speed = Distance ÷ time.

Given the data in the question;

Distance travelled by the ball = 24 metersElapsed time = 8 secondsSpeed of the ball = ?

To determine the average speed of the ball, plug the given values into the above equation and simplify.

Speed = Distance / time

Speed = 24 meters / 8 seconds

Speed = 3m/s

Therefore, the speed is 3 meters per seconds.

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I just need the answer to W

Answers

The value of w in the rhombus is 19 degrees

How to determine the value of w?

From the question, we have the following parameters that can be used in our computation:

Angle CFD = 2w

Angle FED = 52 degrees

The figure is a rhombus

using the above as a guide, we have the following:

2w + 52 = 90

This is so because the angles in the base of the individual triangle are equal

Evaluate the like terms

2w = 38

Divide by 2

w = 19

hence, the solution is w = 19

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Distributive property > Remove the parenthesis

-3(-3v^3+3-4w^2)

Answers

The expression -3(-3v^3+3-4w^2) after using the distributive property is  9v³ - 9 + 12w²

What is a distributive property?

The distributive property of multiplication over addition is a mathematical method of expanding bracket mostly applied when you need to multiply a value by a sum.

This property of multiplication explains how to solve expressions that are in the form of a(b + c).

From the information given, we have the expression;

-3(-3v^3+3-4w^2)

To carry out the distributive multiplication , we need to remove the parentheses of the expression by taking the following steps, we have;

expand the bracket and take note of the mathematical signs, we get

-3(-3v³ + 3 - 4w²)

9v³ - 9 + 12w²

Note that we can no longer add the terms because they are not like terms.

Hence, the expression is 9v³ - 9 + 12w²

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the wage for 35 people in a factory for one day i 7175. if on another day the factory paid 9225, how many people worked on that day, if the wage per day i the ame for everyone?

Answers

The total wage can only be an integer multiple of the wage per person.

The number of people working in the factory on a particular day can be calculated by dividing the total wage by the wage per person. This can be expressed mathematically as:

Number of People = Total Wage ÷ Wage per Person

For the given scenario, the number of people working on the day when the factory paid 9225 can be calculated as:

Number of People = 9225 ÷ 7175

Number of People = 1.287

Since the number of people has to be a whole number, this means that there were 1 people working in the factory on the day when the factory paid 9225. This is because when the wage per person is the same for everyone, the total wage can only be an integer multiple of the wage per person.

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