Mike invested $93,000 at 8.19% compounded weekly.
What will Mike's account balance be in 11 years?

Answers

Answer 1

Answer:

$4920446.6202

Step-by-step explanation:

the formula for compound interest is: P(1+ r/n)^n*t

p= principle (the amount of money you invest/ start with)

r= the interest rate (which is the percentage in decimal)

n= the number of times its compounded per year (52 weeks per year)

t= the amount of time (usually in years)

now, you plug the numbers youre given into the formula:

93000(1+0.0819/52)^52*11

= $4920446.62402

hope this helps :)

Answer 2

Mile's account balance after 11 years will be $228,786.8

What is the formula for compound interest?

"[tex]A=P(1+\frac{r}{n} )^{nt}[/tex]

where A = Accrued amount (principal + interest)

P = Principal amount

r = interest rate as a decimal

R = interest rate as a percent

r = R/100

n = number of compounding periods

t = time in years"

For given question,

P = $93000,

t = 11 years

n = 52 (weekly compounding)

R = 8.19%

So, the interest rate in decimal would be,

[tex]\Rightarrow r =\frac{8.19}{100}\\\\\Rightarrow r =0.0819[/tex]

Using the formula of compound interest,

[tex]\Rightarrow A=P(1+\frac{r}{n} )^{nt}\\\\\Rightarrow A=93000(1+\frac{0.0819}{52} )^{52\times 11}\\\\\Rightarrow A=93000(1+\frac{0.0819}{52} )^572\\\\\Rightarrow A=228,786.8[/tex]

Therefore, Mile's account balance after 11 years will be $228,786.8

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Related Questions

The Chesapeake Bay holds about 18 trillion gallons of water. The bay covers 4,480 square miles or 2,867,200 acres. Each acre can hold 750,000 oysters. Each oyster can filter 50 gallons of water each day. Can there be enough oysters to filter the whole Chesapeake Bay in one day

Answers

Answer:

There are enough oysters

Step-by-step explanation:

Given

[tex]Volume = 18\ trillion\ gallon[/tex]

[tex]Area = 2867200\ acre[/tex]

[tex]1\ acre = 750000\ oysters[/tex]

[tex]1\ oyster = 50\ gallons[/tex]

Required

Determine if there is enough water for a day

We have:

[tex]1\ oyster = 50\ gallons[/tex]

Convert to oysters: multiply both sides by 750000

[tex]750000 * 1\ oyster = 50\ gallon *750000[/tex]

[tex]750000\ oysters = 37500000\ gallons[/tex]

Given that:

[tex]1\ acre = 750000\ oysters[/tex]

So, we have:

[tex]1\ acre= 37500000\ gallons[/tex]

Convert to acre: Multiply by 2867200

[tex]2867200 * 1\ acre= 37500000\ gallons * 2867200[/tex]

[tex]2867200\ acres= 107520000000000\ gallons[/tex]

By comparison:

[tex]18000000000000\ gallons < 107520000000000\ gallons[/tex]

i.e. the volume of water in the bay is less than the capacity of the oysters. Hence, there are enough oysters.

-3c-4=2
---------------

Answers

Answer:

Solution given:

-3c-4=2

add 4 on both side

-3c-4+4=2+4

-3c=6

divide both side by -3

-3c/-3=6/-3

c=-2

Answer:

[tex]-3c = 2 + 4 \\ -3c = 6 \\ c = \frac{6}{-3} \\ c = -2 [/tex]

please help. people take my points without answering. 15 points left, please show work. and please dont just take my points

Answers

Answer:

Step-by-step explanation:

Reference angle in quadrant I,

θ' = θ

Reference angle in quadrant II,

θ' = 180° - θ

Reference angle in quadrant III,

θ' = θ - 180°

Reference angle in quadrant IV,

θ' = 360° - θ

13). θ = 315°

Since, the given angle is in the 4th quadrant,

Reference angle θ' = 360° - 315°

                                 = 45°

14). θ' = (620° - 540°)

         = 80°

Reference angle = 80°

15). θ' = 630° - θ

          = 630° - 580°

          = 50°

Reference angle = 50°

Write the function for the graph.

Answers

Answer:

B)

Step-by-step explanation:

exponential function given by:

[tex] \displaystyle f(x )= a \cdot{b}^{x} [/tex]

where:

a is the y-interceptb can be any number

since the function crosses y-axis at (0,4) point

[tex]a = 4[/tex]

to find a we can consider (1,8) point it tells us when x is 1 then y is 8 thus:

[tex] \displaystyle 8= 4 \cdot{b}^{1} [/tex]

[tex] \displaystyle 8= 4 \cdot{b}^{} [/tex]

divide both sides by 4:

[tex] \displaystyle \boxed{b = 2}[/tex]

altogether substitute:

[tex] \displaystyle f(x)= 4 \cdot{2}^{x} [/tex]

hence our answer is B)

13 Water is pulled up from a well in a bucket on a rope. The rope winds on a cylindrical drum 15 cm in diameter. It takes 28 turns of the drum to pull the bucket up from the bottom of the well. How deep is the well? (Use the value 2 for m.)​

Answers

Multiply 15 by 28 and then times it by 13??

(4,-5) with slope of 2

Answers

that's a point slope form so

y +5 = 2(x -4)

I need help with this

Answers

Answer:

45

Step-by-step explanation:

In the given figure, identify a pair of perpendicular lines.
A) I and p
B) o and p
C) m and n
D) m and o

i’ll give brainliest

Answers

the answer is m and n / c
The one above me is correct

How do you find the volume of this pyramid with what is given? pls

Answers

Answer:

373.3333... in^3

Step-by-step explanation:

V = lwh / 3

V = 10 * 8 * 14 / 3

V = 1120 / 3

V = 373.3333... in^3

I'm probably wrong, I haven't done volume in a looong time.

Answer ASAP Please!

cos(13°) correct to four decimal places is:

A:0.2311
B:0.2312
C:0.9734
D:0.9735
E:0.9744

Answers

Answer:

E:0.9744

Step-by-step explanation:

Answer: E) 0.9744

Explanation:

This is something you'll need a calculator for. As far as I know, there isn't a clean formula that will allow you to compute this by hand, and get something like sqrt(3)/2. There is a way to find the decimal value by hand, but it will require knowledge of Taylor polynomials and it will take a very long while to compute the value. So again, it's better to use a calculator. When using a calculator, make sure it's in degree mode. You can check by computing cos(60) and you should get 0.5

Which shows two triangles that are congruent by ASA?

Answers

Answer:

A and D

Step-by-step explanation:

The two triangles that are congruent by ASA is discussed below.

What is Congruency?

Two figures are said to be "congruent" if they can be positioned perfectly over one another. Both of the bread slices are the same size and shape when stacked one on top of the other. "Congruent" refers to things that are precisely the same size and shape.

Angle-Side-Angle refers to the ASA Congruence rule.

According to this rule, two triangles are said to be congruent if any two of their respective angles and the side that is included between them are equal to the corresponding angles and the included side of the other triangle.

For example, there are ABC and DEF in which ∠ B = ∠ E, ∠ C = ∠ F, and BC = EF

Then, the triangle that Δ ABC ≅ Δ DEF by ASA congruence rule.

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let the cp be rs x. if a man gains 20% profit by selling an article for rs 816. find cp​

Answers

Answer:

Let, the c.p be x.

Given,

profit % = 20%

S.P = rs 816

c.p = x

We know,

profit = p% of c.p

         = [tex]\frac{20}{100}[/tex] * x

         = [tex]\frac{x}{5}[/tex]

now,

   C.p = profit + s.p.

        x = [tex]\frac{x}{5}[/tex] + 816

        x = [tex]\frac{x+ 4080}{5}[/tex]

       5x = x + 4080

       5x-x = 4080

       4x = 4080

         x = [tex]\frac{4080}{4}[/tex]

         x = Rs 1080

Hence, the c.p is Rs. 1080

Translate to an equation, then solve.
Nineteen less than six times a number is equal to 11 more than four times the number?
What is the number?​

Answers

Answer:

15

Step-by-step explanation:

Let the number is x, then we have:

6x - 19 = 4x + 116x - 4x = 11 + 192x = 30x = 15

In the morning, the temperature was 15 degree F. During the day, the temperature fell 37 degrees. Which expression shows how to find the temperature at the end of the day

Answers

Answer:

15-37 or -37+15

Step-by-step explanation:

An athlete throws her javelin 9.5 yards. She throws it this distance 2 times. How far she throw her javelin in total

Answers

Answer: 19 yards

Step-by-step explanation: 9.5x2=19

Hunter pushed a couch across the room. He did 800 J of work in 20 seconds. The couch weighed 500 N. How much power did he have?
A . 40 W
B . 1.6 w
C. 16,000 w
D . 800 w

Answers

The answer is d Because if you take the 800+ the 20th I will give you 820 then plus the 500 then subtract another 20-10 divide 45 then you’ll end up with your original number 800

3

Select the correct answer.

The angle of depression between the top of a 100-foot cliff and a ship approaching the shore is 37°.

cliff top

37°

100

feet

37°

ship

d

What is the approximate distance, d, between the bottom of the cliff and the ship?

ОА

166.2 feet

OB. 60.2 feet

ОС.

75.4 feet

OD.

132.7 feet

Reset

Next

Answers

Answer:

132.7 feet.

Step-by-step explanation:

tan 37 = height of cliff / distance of the ship

=  100/d

d = 100/tan37

= 132.7 feet.

PLEASE HELP WILL GIVE BRAINLIEST!!!!

Answers

Answer:

wqhg

Step-by-step explanation:

its situated in u.s, in quahog , rhode island

PLZZZ HELPPP, IF NOT 100% SURE PLZ DONT ANSWER…BRAINLIEST TO FIRST AND CORRECT ANSWER, THX TO SECOND AND CORRECT ANSWER

Answers

Answer:  4

=============================================================

Explanation:

1/2 = 4/8 after multiplying top and bottom by 8

So the mixed number 7  1/2 is the same as 7  4/8

We can convert to an improper fraction like so

7  4/8

7 + 4/8

7*(8/8) + 4/8

56/8 + 4/8

(56+4)/8

60/8

Notice how dividing 60 over 8 leads to 7 remainder 4. Think of it like having 60 cookies and you want to share them amongst 8 friends. Each friend gets 7 whole cookies (7*8 = 56 taken so far) and then we have 60-56 = 4 left over as the remainder.

Through similar steps, you should find that the mixed number 1  7/8 converts to the improper fraction 15/8.

-----------------------------

To rephrase the problem with improper fractions would be to say:

"The electrician needs to buy 60/8 feet of wire. There are 15/8 feet of wire in each spool. How many spools should the electrician buy?"

Let x be the answer to that question.

We multiply the number of spools (x) by the amount of feet of wire per spool (15/8) to get the expression (15/8)x

Set this equal to the target 60/8 and solve for x

(15/8)x = 60/8

15x = 60 .... multiply both sides by 8 to clear out the fractions

x = 60/15

x = 4

The electrician needs to buy exactly 4 spools

-----------------------------

A different approach could have us convert each mixed number into decimal form

7  1/2 = 7 + 1/2 = 7 + 0.5 = 7.5

1  7/8 = 1 + 7/8 = 1 + 0.875 = 1.875

So the electrician needs to buy 7.5 ft total and each spool has 1.875 ft of wire.

Using the same idea as before, we would then have,

1.875x = 7.5

x = (7.5)/(1.875)

x = 4

Find f(-3) if f(x) = x2 .


Type a numerical answer in the space provided. Do not type spaces in your answer.

Answers

Answer:

f(-3) = 9

General Formulas and Concepts:

Pre-Algebra

Order of Operations: BPEMDAS

Brackets Parenthesis Exponents Multiplication Division Addition Subtraction Left to Right

Algebra I

Functions

Function Notation

Step-by-step explanation:

Step 1: Define

Identify

f(x) = x²

Step 2: Evaluate

Substitute in x [Function f(x)]:                                                                          f(-3) = (-3)²Exponents:                                                                                                        f(-3) = 9

please help, i will give brainliest!

Answers

Answer:

yes please, ask the question

Two friends go to a Mexican restaurant for lunch. One friend orders 1 soft taco and
3 burritos and his bill was $8.75. The other friend's bill was $10.00 and he ordered 4
soft tacos and 2 burritos. What is the cost of a taco and what is the cost of a
burrito?
The cost of a taco is:
The cost of a burrito is:

Answers

Answer:

cost of a taco: $1.25

cost of a burrito: $2.50

Step-by-step explanation:

Let the cost of a taco be $t and the cost of a burrito be $b.

t +3b= 8.75 -----(1)

4t +2b= 10

Divide both sides by 2:

2t +b= 5

Making b the subject of formula:

b= 5 -2t -----(2)

Substitute (2) into (1):

t +3(5 -2t)= 8.75

Expand:

t +3(5) +3(-2t)= 8.75

t +15 -6t= 8.75

t -6t= 8.75 -15

-5t= -6.25

t= -6.25 ÷(-5)

t= 1.25

Substitute t= 1.25 into (2):

b= 5 -2(1.25)

b= 5 -2.5

b= 2.50

Thus, the cost of a taco is $1.25 and the cost of a burrito is $2.50.

x.(9x-1).(x+2)-x(3x-1).(3x+1)

Answers

Answer:

Sorry if i'm wrong.

=6x² + 16x - 2

HELP PLEASE BRAIN FOR CORRRECT

Answers

Answer:

1/6

Step-by-step explanation:

you divide y by x

y ÷ x

each column when you you divide y by x the answer is 1/6

The integer to represent a withdrawal of $25 would be____.
-25
+25

Answers

Answer:

-25

Step-by-step explanation:

Withdrawal means to take out. So you're taking out $25 out of your account, therefore it would be a negative.

An expression is a way of writing a statement with more than two variables or numbers with operations such as addition, subtraction, multiplication, and division.

The integer to represent a withdrawal of $25 would be -$25.

Option A is the correct answer.

What is an expression?

An expression is a way of writing a statement with more than two variables or numbers with operations such as addition, subtraction, multiplication, and division.

Example: 2 + 3x + 4y = 7 is an expression.

We have,

Amount withdrawal = $25

The integer to represent a withdrawal of $25 would be -$25.

Because withdrawal means we are taking the amount out of our account.

Thus,

The integer to represent a withdrawal of $25 would be -$25.

Option A is the correct answer.

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Helpppppppp???????????????

Answers

Answer:

A, [tex]{x | x<-2}[/tex]

Step-by-step explanation:

We have the inequality as

[tex]3x<-6[/tex]

We can simplify this inequality a little bit more by dividing 3 from both sides.

That gets us

[tex]x<-2[/tex]

We can see the only answer that has this is A.

You are taking a survey on the heights of all your classmates. This is an example of categorical data.
True or false?

Answers

Answer:

trueeeeeeeeeeeeeeeeeee

Josh has a aquarium 30 inch deep.it takes him 5 min to fill the bucket with 3 inch of water.he estimates that it will take him under an hour to fill the entire bucket with water.is he correct.explain why or why not

Answers

Answer:

No

Step-by-step explanation:

From the information provided, we can say that he is not correct. This is because the depth of the water is the only measurement that he is using to make his estimate. Comparing the depth of the aquarium and the bucket is one measurement, but both the aquarium and bucket are most likely of different shapes and sizes. Therefore, this equates to more buckets for the same amount of depth in the aquarium. To get a proper estimate on how long it will take he needs to calculate the volume of water in the bucket and compare it to the volume of water needed to fill the aquarium.

Joylin is writing an equation to model the proportional relationship between y, the total cost in dollars of downloading videos from a website, and x, the number of videos downloaded. She knows that the total cost to download 3 videos was $12. Her work to find the equation is shown below.

Joylin’s Work

Step 1
k = StartFraction 3 over 12 EndFraction = 0.25
Step 2
y = 0.25 x

Where did Joylin make her first error?

Answers

Answer:

Step-by-step explanation:

Jocelyn was attempting to find out how much she will be charged per download. She has the fraction upside down. To find the amount of money per download, the fraction should be $12/3downloads to get $4/1download. That is the slope of the equation, the rate of change or, for us, the fact that your cost will go up $4 for every single video you download. The equation would then be

y = 4x

The way she has it, we are paying only a quarter for a download. If that be the case, for 3 downloads we would only be paying .75, but it says we pay $12, so we know something is wrong right there.

Answer:

The answer is A

Step-by-step explanation:

HELP PLS!! ILL GIVE POINTS !! :(( m

Find the product of the complex numbers. Express your answer in
trigonometric form.
Z1 =5(cos15° + i sin 15°)
Z2=3(cos70° + i sin 70°)
A. 8(cos85° + isin85°)
B. 2 (cos(-55°) + i sin(-55°))
C. 2 (cos305° + i sin 305°)
D. 15(cos85° + i sin85°)

Answers

Answer:  Choice D

15(cos85° + i sin85°)

===========================================================

Explanation:

Let's say we had these two general complex numbers, which are in polar form.

[tex]z_1 = r_1*\left(\cos(\theta_1)+i*\sin(\theta_1)\right)\\\\z_2 = r_2*\left(\cos(\theta_2)+i*\sin(\theta_2)\right)\\\\[/tex]

We can abbreviate them into the shorthand form

[tex]z_1 = r_1*\text{cis}(\theta_1)\\\\z_2 = r_2*\text{cis}(\theta_2)\\\\[/tex]

The notation "cis" stands for "cosine i sine".

Now that we have those complex numbers set up, multiplying them is as simple as saying this:

[tex]z_1*z_2 = (r_1*r_2)*\text{cis}(\theta_1+\theta_2)[/tex]

We do two basic things:

Multiply the r values out frontAdd the theta values inside the the cis function

---------------------------------------

With all that in mind, let's tackle the problem your teacher gave you.

The given complex numbers

[tex]z_1 = 5*\left(\cos(15^{\circ})+i*\sin(15^{\circ})\right)\\\\z_2 = 3*\left(\cos(70^{\circ})+i*\sin(70^{\circ})\right)\\\\[/tex]

abbreviate into

[tex]z_1 = 5*\text{cis}(15^{\circ})\\\\z_2 = 3*\text{cis}(70^{\circ})\\\\[/tex]

then those multiply to

[tex]z_1*z_2 = (r_1*r_2)*\text{cis}(\theta_1+\theta_2)\\\\z_1*z_2 = (5*3)*\text{cis}(15+70)\\\\z_1*z_2 = 15\text{cis}(85^{\circ})\\\\z_1*z_2 = 15\left(\cos(85^{\circ})+i\sin(85^{\circ})\right)\\\\[/tex]

which is why choice D is the final answer.

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