Peyton is going to invest $440 and leave it in an account for 5 years. Assuming the
interest is compounded annually, what interest rate, to the nearest tenth of a percent,
would be required in order for Peyton to end up with $520?

Answers

Answer 1

Answer:

The required interest rate would be of 3.4% a year.

Step-by-step explanation:

The amount of money earned in compound interest, after t years, is given by:

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

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

Peyton is going to invest $440 and leave it in an account for 5 years.

This means that [tex]P(0) = 440, t = 5[/tex]

So

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

[tex]P(t) = 440(1+r)^5[/tex]

What interest rate, to the nearest tenth of a percent, would be required in order for Peyton to end up with $520?

This is r for which P(t) = 520. So

[tex]P(t) = 440(1+r)^5[/tex]

[tex](1+r)^5 = \frac{520}{440}[/tex]

[tex]\sqrt[5]{(1+r)^5} = \sqrt[5]{\frac{52}{44}}[/tex]

[tex]1 + r = (\frac{52}{44})^{\frac{1}{5}}[/tex]

[tex]1 + r = 1.034[/tex]

Then

[tex]r = 1.034 - 1 = 0.034[/tex]

The required interest rate would be of 3.4% a year.


Related Questions

Write an expression for "six minus b".

Please help!!

Answers

Answer:

6 - b

Step-by-step explanation:

b doesn't have a value.

Question 9 of 10 What is the median of the data set represented by the box plot shown below? A. 67 B. 50 O C. 56 D. 45


/please help\

Answers

Answer:

B)  50

Step-by-step explanation:

min = 38

quartile 1 = 45

median = 50

quartile 3 = 67

maximum = 75

In 2009 Zambrano's salary was 18,750,000. He pitched in 28 games in 2009. What was his salary per game in 2009? Round to the nearest cent.​

Answers

Answer:

his salary per game is  669,643

Step-by-step explanation:

The computation of the salary per game in the year 2009 is shown below

Given that

His salary  in the year 2009 is 18,750,000

And, he pitched 28 games in the year 2009

Based on the above information

His salary per game is

= 18,750,000 ÷ 28 games

= 669,643

hence, his salary per game is  669,643

The same is relevant


Given f(x) = 6(1-x), what is the value of f(-8)?

Answers

Answer:

7/3

Step-by-step explanation:

1x6

1x(-x)

subtract and solve

Hurry plsss Plsssss
Which of the following describes the data set?
50, 59, 60, 61, 70, 76, 80
O A. Minimum = 80
First quartile = 60
Median = 60.5
Third quartile = 59
Maximum = 50
B. Minimum = 50
First quartile = 59
Median = 61
Third quartile = 76
Maximum = 80
O C. Minimum = 50
First quartile = 80
Median = 73
Third quartile = 60

Answers

Answer:

B is the correct answer as it qualifies for all the answers correctly.

Help pleaseee! Whats the answer

Answers

Answer:

The answer is 16 for the blue dot

I'm think it's 16

Step-by-step explanation:

This is because it seems that it jumps from 0 to 4. So you add four to the number 4...

Explain distributive property

Answers

Answer:

distributive property of binary operations generalizes the distributive law from elementary algebra, which asserts that one has always {\displaystyle x\cdot =x\cdot y+x\cdot z.} For example, one has 2 ⋅ = +. One says that multiplication distributes over addition.

Answer:

Look at attachment:

Step-by-step explanation:

Hope this helps! :)

HELP ME PLEASE PLEASE PLEASE

Answers

Answer:

( 4 x 10 y )

Step-by-step explanation:


9) Choose all expressions that are equivalent to 3x + 6 (Use
Algebra tiles if needed)
a) -2x - 4 + 5x + 10
b) 3(x + 6)
c) x + 4 - 2x + 2
d) 3(x + 2)

Answers

Answer:

3(x+2)

Step-by-step explanation:

3x+6

Factor out 3.

3(x+2)

Question 30
What was the median annual earnings for all U.S. civilian workers in 2016?
O $51,980
O $49,630
O $41,778
O $46,230

Answers

i think it’s option 2 but i’m not rlly sure

20 Points Please help me

Answers

Answer:

98 inches

Step-by-step explanation:

Multiply the top length by the bottom length

Tyler has a three-dimensional shape with a bottom layer of 12 cubic inches. What is the volume of this figure if it has 3 layers all together?

Answers

Answer:

1 Tyler=12in³

3 Tyler =12×3=36in³

Out of 24 cookies,
3
4
are chocolate chip. How many cookies are chocolate chip?

Answers

Answer:

18 cookies

Step-by-step explanation:

3/4 = 75%

75% = 0.75

Multiply this by 24 = 18 cookies

Khan uses 78ft of fence for a pen and the length is 25ft. What is the width

Answers

Answer:

The width is 14ft

Step-by-step explanation:

Given

[tex]Fence = 78[/tex]

[tex]Length = 25[/tex]

Required

Determine the width

To do this, we assume that the fence is a rectangle

So, we use the following formula.

[tex]Perimeter = 2 * [Length + Width}[/tex]

Where:

[tex]Perimeter = Fence = 78[/tex]

So, we have:

[tex]78= 2 * [25 + Width}[/tex]

Divide both sides by 2

[tex]39= 25 + Width[/tex]

Solve for Width

[tex]Width = 39 - 25[/tex]

[tex]Width = 14[/tex]

Below are two parallel lines with a third line intersecting them

Answers

Answer:

its 122

Step-by-step explanation:

just did it on khan academy

If a sample proportion is 0.55, which of the following could be a 90% confidence interval for the population proportion? Select all that apply.
(a) Lower bound: 0.50; Upper bound: 0.60 (b) Lower bound: 0.53; Upper bound: 0.59 (c) Lower bound: 0.52; Upper bound: 0.58 (d) Lower bound: 0.60; Upper bound: 0.70 (e) Lower bound: 0.45; Upper bound: 0.60​

Answers

Answer:

The correct options are a and c.

Step-by-step explanation:

Confidence interval:

A confidence interval is given by the sample proportion plus/minus the margin of error. This means that the confidence interval is symmetric, that is, the difference between the upper bound and the sample proportion has to be the same as the difference between the sample proportion and the lower bound.

Sample proportion is 0.55

So options for the confidence interval are:

Lower bound - upper bound

0.54 - 0.56

0.53 - 0.57(which means that option b is wrong)

0.52 - 0.58(which means that option c is right)

...

0.5 - 0.6(which means that option a is right).

The correct options are a and c.

The confidence interval is the range of value between which the true population proportion would lie given a certain margin of error. Hence the correct options are A and C

Hence, the upper and lower boundary would the same error value above and below the mean proportion.

Evaluating the options given :

Error below = 0.50 - 0.55 = -0.05

Error above = 0.60 - 0.55 = 0.05

Error below = 0.53 - 0.55 = -0.02

Error above = 0.59 - 0.55 = 0.04

Error below = 0.52 - 0.55 = -0.03

Error above = 0.58 - 0.55 = 0.03

Error below = 0.60 - 0.55 = 0.05

Error above = 0.70 - 0.55 = 0.15

Error below = 0.45 - 0.55 = -0.10

Error above = 0.60 - 0.55 = 0.05

Therefore, the only options with equal margin of error, above and below the mean are options A and C.

Learn more : https://brainly.com/question/15111061

V 153
Given tan A= - and that angle A is in Quadrant IV, find the exact value of
sec A in simplest radical form using a rational denominator.
4

Answers

The secant of the angle A is 13/4

How to determine the value of sec(A)?

The given parameter is:

[tex]\tan(A) = -\frac{\sqrt{153}}{4}[/tex]

Using the trigonometry identity, we have:

[tex]\sec^2(A) = \tan^2(A) + 1[/tex]

This gives

[tex]\sec^2(A) = (-\frac{\sqrt{153}}{4})^2 + 1[/tex]

Evaluate the exponent

[tex]\sec^2(A) = \frac{153}{16} + 1[/tex]

Evaluate the sum

[tex]\sec^2(A) = \frac{169}{16}[/tex]

Take the square root of both sides

[tex]\sec(A) = \pm \frac{13}{4}[/tex]

Secant in quadrant IV is positive.

So, we have:

[tex]\sec(A) = \frac{13}{4}[/tex]

Hence, the secant of angle A is 13/4

Read more about trigonometry ratios at:

https://brainly.com/question/11967894

#SPJ1

Distance between Train 1 and Train 2 = 95 miles.
Average speed of Train 1 = 45 mph.
Average speed of Train 2 = 60 mph.
If both trains leave at the same time and travel toward each other but on parallel tracks, in how much time will their engines be opposite each other? (Hint: When the engines are opposite each other, together the trains will have traveled 95 miles. Their relative speed of travel is the sum of their respective speeds, or 105 mph.)
Travel time = hours.

Answers

9514 1404 393

Answer:

  19/21 hours, about 54 minutes 17 seconds

Step-by-step explanation:

The time is found from ...

  time = distance/speed

  time = (95 mi)/(105 mi/h) = 95/105 h = 19/21 h

The trains will meet after 19/21 hours, about 54 minutes, 17 seconds.

Answer:

19

Step-by-step explanation:

Let f(x)=3(12)x+1. Which is equal to f(1)?

Answers

Answer:

just substitute the value of x as 1

f(x)=3(12)x+1

f(1)=3(12)(1)+1

f(1)=3(12)(1)+1

f(1)=36+1

f(1)=37

Maria works for an international marketing consulting group. She is studying the monthly demands for Range Rover (suv) in two different cities of the country. She has 180,000 new Range Rovers to ship to the two cities, and she decides to ship 40,000 more to New York City than to Boston. Find the number of (suv) to be shipped to New York City . Please no link I can't open them

Answers

Answer:

110,000 (suv) to be shipped to New York City

Step-by-step explanation:

We know that there are 180,000 (suv) to be shipped in total. We also know that there are two cities which these (suv) must be shipped to. So, that is 180,000 (suv) to be shipped to two cities. Let's right a true equation with this information:

Let n represent the number of (suv) to be shipped to New York City and b represent the number of (suv) to be shipped to Boston.

n + b = 180,000

Now, we also know that the number of (suv) to be shipped to New York City is 40,000 greater than the number of (suv) to be shipped to Boston. So, we can write another true equation (for the sake of convenience, let's write it in terms of b rather than in terms of n):

b = n - 40,000

Now that we have a value for b in terms of n, we can plug this value into b in our first equation:

n + (n - 40,000) = 180,000

From here, we can solve:

n + n - 40,000 = 180,000

2n - 40,000 = 180,000

2n = 220,000

n = 110,000

Thus, we have our final answer.

I would appreciate Brainliest, but no worries.

How many faces does the solid made from the net below have? ​

Answers

There are 5 triangles and 1 pentagon for a total of 6

The answer is 6

find the value of
x!!!!!!!!!!

Answers

Answer:

x = 16

Step-by-step explanation:

7x - 12 + 5x = 180

12x = 192

x = 16

Answer:

x = 16

Step-by-step explanation:

180 = (7x-12) + 5x

192 = 12x

16 = x

Plz help me! Well mark brainliest if correct!

Answers

Answer:

diameter you are learning that the circle as a line in the middle goes across and the diameter

The answer is c the diameter is a line that goes through the shapes such as sphere, cone, and cylinders the most common shapes and the radius is a line that only goes through half of the shape from the center

Use the distributive property to multiply the expression.9m (7m+2)

Answers

Answer:

63m^2 + 18m

Step-by-step explanation:

9m x 7m + 9m x 2  

63m^2 + 9m x 2

63m^2 + 18m

the ^2 meaning exponent 2

The points (3,h) and (10,1) fall on a line with a slope of
4/7 What is the value of h?

Answers

Answer:

h = -3

Step-by-step explanation:

Use slope formula:

(1 - h)/(10 - 3) = 4/7(1 - h) / 7 = 4/71 - h = 4h = 1 - 4h = -3

Answer:

The answer is  h = -3

Step-by-step explanation:

(1 - h)/(10 - 3) = 4/7

(1 - h) / 7 = 4/7

1 - h = 4

h = 1 - 4

h = -3

(2/3)^4=

am very confuse guys help!!!

Answers

Answer:

16/81

Step-by-step explanation:

Lets break it down

When you see ^4, you are multiplying the base ( 2/3 ) by itself 4 times

So lets write the equation

[tex]\frac{2}{3} *\frac{2}{3} *\frac{2}{3} *\frac{2}{3} = x\\[/tex]

[tex]\frac{4}{9} *\frac{4}{9} =x[/tex]

[tex]\frac{16}{81} =x\\x= \frac{16}{81}[/tex]

If my answer is wrong pls correct me.

If you like my answer and explanation then please mark me as Brainliest!

-Chetan K

Please no links or flies, x .
The table shows how a 2-acre piece of land is split into 4 sections for holding animals. How many acres are used for horses?


Goats 35 acre

Pigs 15 acre

Llamas 25 acre

Horses ??


???/5
PLEASE ANSWERRRRR

Answers

9514 1404 393

Answer:

  4/5 acre

Step-by-step explanation:

We assume your allocations are ...

  goats: 3/5 acre

  pigs: 1/5 acre

  llamas: 2/5 acre

2 acres is 10/5 acres, so the remaining area is ...

  10/5 -3/5 -1/5 -2/5 = (10 -3 -1 -2)/5 = 4/5

4/5 acre is allocated to horses.

Find the distance between the pair of points (-1, 4) and (-3, 7)

no links

Answers

Answer: d=sqrt(13)=3.605

Step-by-step explanation:

We know that the distance between the two points (x 1  ,y 1 ) and (x2,y  2 ) is

d= sqrt((x2-x1)^2 +(y2-y1)^2 )

as given

x1=-1 ,y=4 ,x2=-3,y2=7

d=sqrt((-3+1)^2+ (7-4)^2)

d=sqrt((-2)^2+(3)^2)

d=sqrt(4+9)

d=sqrt(13)=3.605

Plz hurry.....................

Answers

Answer:

It should be 115.2 meters^3

Step-by-step explanation:

Volume = 1/3 a^2h

             = 1/3 x 12^2 x 2.4

             = 115.2 m ^3

how many outfits can you make out of 2 helmets, 6 shirts, and 2 pairs of shorts​

Answers

Answer:

2 OUTFITS

Step-by-step explanation:

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