Mr. Hayes opened an account with a deposit of $3,500
1)The account earned compound interest
2) He did not make any additional deposits or
withdrawals
3)At the end of 5 years his balance was
$4,097.01
What is the annual interest rate on this account?
A) 2.8%
D) 44%
B) 32%
E) 51%
C 37%
F) None of the above

Mr. Hayes Opened An Account With A Deposit Of $3,5001)The Account Earned Compound Interest2) He Did Not

Answers

Answer 1

9514 1404 393

Answer:

  B)  3.2%

Step-by-step explanation:

The future value is given by ...

  A = P(1 +r)^t

Filling in the given information, we can solve for r.

  4097.01 = 3500(1 +r)^5

  4097.01/3500 = (1 +r)^5 . . . . divide by 3500

  (4097.01/3500)^(1/5) = 1 +r . . . . take the 5th root

  (4087.01/3500)^(1/5) -1 = r ≈ 0.032 = 3.2%

The annual interest rate on this account is 3.2%.


Related Questions

Jesse has already daved $276 for a trip to Florida. This is 75% of his goal. How much money does he want to save?​

Answers

Answer:

Total savings= $368

Step-by-step explanation:

Giving the following formula:

Jesse has already saved $276 for a trip to Florida. This is 75% of his goal.

To calculate the total amount to be saved, we need to use the following formula:

Total savings= amount saved / saving percentage

Total savings= 276 / 0.75

Total savings= $368

A group of 15 people were surveyed about the month they were
born. How many of the students were born in March?
.
3/5 born in September
1/3 born in December

Answers

Find the common denominator first
3/5 is 9/15
1/3 is 5/15
This gives us 14/15 so 1/15 we’re born in March. Only 1 person.
1 person was born in march

I keep looking and I can’t find the answer

Answers

Answer:

B

Step-by-step explanation:

sInce his average is equal or greater than league's average

The answer is B ( j is greater then or equal to 100)

PLEASE HELPPO?!!!! Look at the attachment below

Answers

Answer:

157

Step-by-step explanation:

just trust me bro

$102 headphones, 7.5% tax

Answers

Answer:

You are correct the tax would be that

Step-by-step explanation:

What is the equation of the line shown in the graph at the right?

Answers

the answer is c, because the slope is -3/2 if you use rise over run.

A family spends 1/10 of it's annual income for housing 1/4 for food and clothing 1/5 for general expenses and 2/15 for entertainment what fractional part of their income is spent on these items altogether.

Answers

Answer:

The family spends 41/60 of its income on these items altogether.

Step-by-step explanation:

Given that a family spends 1/10 of it's annual income for housing, 1/4 for food and clothing, 1/5 for general expenses and 2/15 for entertainment, to determine what fractional part of their income is spent on these items altogether the following calculation must be performed:

10, 4, 5, and 15 have a common least multiple at 60.

1/10 = 6/60

1/4 = 15/60

1/5 = 12/60

2/15 = 8/60

6 + 15 + 12 + 8 = 41

Therefore, the family spends 41/60 of its income on these items altogether.

9 decreased by 4 times a number

Answers

Answer:

4x - 9

Step-by-step explanation:

4 times a number means 4x

9 decreased by means -9

Combined:

4x - 9

Answer:

9 - 4x

Step-by-step explanation:

this is so easy

Please help very urgent

Answers

Answer:

it depends how many weeks look below

Step-by-step explanation:

1 week=$100.00

2 weeks=$115.00

3 weeks=$130.00

4 weeks=$145.00

and so on

pretty much every week you go up, she earns 15 bucks

hope this helps! have a good day :)

Help me I have this due today!!!

Answers

Answer:

The answer is 21/25.

Step-by-step explanation:

I hope this helps! Have a great rest of your day!

Given m= <3,7> and n=<1,5> what is m+3n?

Answers

Answer:

i thought it was one number

Step-by-step explanation:

Can u guys help me pls ill give u 20 points

Answers

Answer:

Its either L or N im not sure but if i had to guess out of the two i think its L.

Step-by-step explanation:

Please hurry and help me

Answers

Answer:

The last option is your answer

Step-by-step explanation:

Answer please and explain

Answers

Answer:

C=84

Step-by-step explanation:

Since you use 3 for pi. You plug the radius into the formula. C=2×3x14=84

In the picture, the radius is 14, this stands for r in the equation givin. Also pie is equivalent to 3. You then plug in the numbers into the equation. You can see this in the work I gave. You then times all of the numbers together it get your final answer or 84

Which equation goes with the t-chart below?

Answers

Answer:

y = 2 x^2 + 5

Step-by-step explanation:

y = 2x^2 + 5

y = 2(-2)^2 + 5

y= 2(4) + 5

y = 8 + 5

y = 13

you can try for yourself using the other values

My cousin needs help with this question.

Answers

I believe the answer is 3

Answer:

3 feet per minute

Step-by-step explanation:

Look at an easy to read point on a grid line intersection.

Then find the slope. Slope = constant of proportionality.

For example, look at point (2, 6) which means that when time = 2 minutes, distance = 6 feet.

(6 ft)/(2 sec) = 3 feet per minute

Answer: 3 feet per minute

how many oz do you think this cup is​

Answers

Answer:

I'm gonna say 12??

Step-by-step explanation:

Am I close?

Have a nice day! <3

divide 12 unto two parts such that
their product is 35​

Answers

12=7 so it equals 5 hope it helps .

Find 0% of 44:

Find 100% of 44:

Find 50% of 44:

Find 25% of 44:

Find 75% of 44:

Answers

Answer:

0% of 44=0

100% if 44=44

50% of 44=22

25% of 44=11

75% of 44=33

The dot plots show the time it takes to get to school for ten sixth graders

Answers

Answer:

Im confused it is not the full information for the question

Step-by-step explanation:

Answer:

it the Ine that you add 3+ 7+2 so it make 9 but it is 10 be cus it 6th so that make 60 so it Canada

Step-by-step explanation:

Animal populations are not capable of unrestricted growth because of limited habitat and food supplies. Under such conditions the population follows a logistic growth model: P(t) = d 1 + ke−ct where c, d, and k are positive constants. For a certain fish population in a small pond d = 1200, k = 11, c = 0.2, and t is measured in years. The fish were introduced into the pond at time t = 0. (a) How many fish were originally put in the pond? 100 Correct: Your answer is correct. fish (b) Find the population after 10, 20, and 30 years. (Round your answers to the nearest whole number.) 10 years 1 Changed: Your submitted answer was incorrect. Your current answer has not been submitted. fish 20 years fish 30 years fish (c) Evaluate P(t) for large values of t. What value does the population approach as t → [infinity]? P(t) =

Answers

Answer:

(a) 100 fishes

(b) t = 10: 483 fishes

    t = 20: 999 fishes

    t = 30: 1168 fishes

(c)

[tex]P(\infty) = 1200[/tex]

Step-by-step explanation:

Given

[tex]P(t) =\frac{d}{1+ke^-{ct}}[/tex]

[tex]d = 1200\\k = 11\\c=0.2[/tex]

Solving (a): Fishes at t = 0

This gives:

[tex]P(0) =\frac{1200}{1+11*e^-{0.2*0}}[/tex]

[tex]P(0) =\frac{1200}{1+11*e^-{0}}[/tex]

[tex]P(0) =\frac{1200}{1+11*1}[/tex]

[tex]P(0) =\frac{1200}{1+11}[/tex]

[tex]P(0) =\frac{1200}{12}[/tex]

[tex]P(0) = 100[/tex]

Solving (a): Fishes at t = 10, 20, 30

[tex]t = 10[/tex]

[tex]P(10) =\frac{1200}{1+11*e^-{0.2*10}} =\frac{1200}{1+11*e^-{2}}\\\\P(10) =\frac{1200}{1+11*0.135}=\frac{1200}{2.485}\\\\P(10) =483[/tex]

[tex]t = 20[/tex]

[tex]P(20) =\frac{1200}{1+11*e^-{0.2*20}} =\frac{1200}{1+11*e^-{4}}\\\\P(20) =\frac{1200}{1+11*0.0183}=\frac{1200}{1.2013}\\\\P(20) =999[/tex]

[tex]t = 30[/tex]

[tex]P(30) =\frac{1200}{1+11*e^-{0.2*30}} =\frac{1200}{1+11*e^-{6}}\\\\P(30) =\frac{1200}{1+11*0.00247}=\frac{1200}{1.0273}\\\\P(30) =1168[/tex]

Solving (c): [tex]\lim_{t \to \infty} P(t)[/tex]

In (b) above.

Notice that as t increases from 10 to 20 to 30, the values of [tex]e^{-ct}[/tex] decreases

This implies that:

[tex]{t \to \infty} = {e^{-ct} \to 0}[/tex]

So:

The value of P(t) for large values is:

[tex]P(\infty) = \frac{1200}{1 + 11 * 0}[/tex]

[tex]P(\infty) = \frac{1200}{1 + 0}[/tex]

[tex]P(\infty) = \frac{1200}{1}[/tex]

[tex]P(\infty) = 1200[/tex]

I need help asap please! 20 points!

Graph the parabola.

y=x²–2x-4

Plot five points on the parabola: the vertex, two points to the left of the vertex, and two points to the right of the vertex. Then click on the graph-a-function
button

Answers

This is the graph I hope this helps

I have to go to a few places but my friend needs help with this specific equation!

Thank you!
~Hocus Pocus

Answers

they are adjacent and x=20

Answer:

Hello, this would be a vertical angle graph. Since this graph is a supplementary graph since it stretches about 180 degrees, you would take both 7x and x+20 and set it equal to 180 like this:

7x+x+20=180

Then, you combine the xs and you would get this:

8x+20=180

Then, subtract 20 from both sides like this:

8x=160

Lastly, you would divide 8 by both sides and get x which is:

x=20

Step-by-step explanation:

I hope this helped you!

Selena is a freelance graphic artist who charges $65 per hour for her services. A client paid her $195 for her last project. The equation below represents this situation.

65h = 195

For how many hours did Selena work on that project?

Answers

Answer: 3 hours

Step-by-step explanation:

195/65=3

Answer:

3

Step-by-step explanation:

$195 divided by $65 is 3 hours of work

30 POINTS!!!!! I WILL GIVE BRAINLIEST!!!!!!
What is the measure of angle PQR?

Answers

Answer:

40

Step-by-step explanation:

It tells you what Q, R is for the opening. That means that it is 40

The measure of angle PQR is 70 degrees

We have a right triangle - r is 90 degrees

based on geometric rules: angle RPQ = 20    

 40 : 2

90 + 20 = 110

110 + x = 180

What is the perimeter of the triangle?

The perimeter of the triangle is 180 degrees

The triangle has 180 degrees.

This means that 180 - 110 =70 degrees.

The measure of angle PQR is 70 degrees.

What is the equation of the graph below?
y = sec(x) + 2
y = csc(x) + 2
y = csc(x + 2)
y = sec(x + 2)

Answers

Answer:

y = csc(x) + 2

Step-by-step explanation:

The equation for the given graph is y = csc(x) + 2

What is an equation of a graph?

'In graph theory, Graph equations are equations in which the unknowns are graphs. One of the central questions of graph theory concerns the notion of isomorphism. The graphs are expressed differently in terms of graph equations.'

According to the given problem,

We know, periodicity of a.csc( bx + c ) + d = [tex]\frac{periodicity of cscx}{[b]}[/tex]

The periodicity of csc(x) is 2π,

                                                                       ⇒ [tex]\frac{2\pi }{1}[/tex]

                                                                       = 2π

Hence, we can conclude, the equation y = csc(x) + 2 represents the given graph.

Learn more about equations of graphs here: https://brainly.com/question/24866278

#SPJ2

A picture is to be printed onto a sheet of paper with dimensions of 81/2 x 11 inches, A margin of 1 1/2 inches is to be left on all sides of the picture. What is the area of the printed picture?

Answers

Answer:

The area of the printed picture is 172.5 square inches.

Step-by-step explanation:

Since a picture is to be printed onto a sheet of paper with dimensions of 81/2 x 11 inches, and a margin of 1 1/2 inches is to be left on all sides of the picture, to determine what is the area of the printed picture the following calculation must be carried out, knowing that the area of a rectangle is equal to the base multiplied by the height:

81/2 = 40.5

1/2 = 0.5

40.5 - 1.5 x 4 = 34.5

11 - 1.5 x 4 = 5

34.5 x 5 = 172.5

Therefore, the area of the printed picture is 172.5 square inches.

IF PASSPORT is written as RCUURQTV, then how will BOOKLET be coded?​

Answers

Answer: DQQMNGV

Step-by-step explanation: Each letter is shifted two letters to the right on a letter strip (a -> b -> c), so BOOKLET would be DQQMNGV.

Hope this helps!

In this experiment researchers randomly assigned smokers to treatments. Of the 193 smokers taking a placebo, 29 stopped smoking by the 8th day. Of the 266 smokers taking only the antidepressant buproprion, 82 stopped smoking by the 8th day. Calculate the estimated standard error for the sampling distribution of differences in sample proportions.

Answers

Answer:

The estimated standard error for the sampling distribution of differences in sample proportions is 0.0382.

Step-by-step explanation:

To solve this question, we need to understand the Central Limit Theorem and subtraction of normal variables.

Central Limit Theorem

The Central Limit Theorem estabilishes that, for a normally distributed random variable X, with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the sampling distribution of the sample means with size n can be approximated to a normal distribution with mean [tex]\mu[/tex] and standard deviation [tex]s = \frac{\sigma}{\sqrt{n}}[/tex].

For a skewed variable, the Central Limit Theorem can also be applied, as long as n is at least 30.

For a proportion p in a sample of size n, the sampling distribution of the sample proportion will be approximately normal with mean [tex]\mu = p[/tex] and standard deviation [tex]s = \sqrt{\frac{p(1-p)}{n}}[/tex]

Subtraction of normal variables:

When we subtract normal variables, the mean is the subtraction of the means, while the standard error is the square root of the sum of the variances:

Of the 193 smokers taking a placebo, 29 stopped smoking by the 8th day.

This means that:

[tex]p_S = \frac{29}{193} = 0.1503[/tex]

[tex]s_S = \sqrt{\frac{0.1503*0.8497}{193}} = 0.0257[/tex]

Of the 266 smokers taking only the antidepressant buproprion, 82 stopped smoking by the 8th day.

This means that:

[tex]p_A = \frac{82}{266} = 0.3083[/tex]

[tex]s_A = \sqrt{\frac{0.3083*0.6917}{266}} = 0.0283[/tex]

Calculate the estimated standard error for the sampling distribution of differences in sample proportions.

[tex]s = \sqrt{s_S^2 + s_A^2} = \sqrt{0.0257^2 + 0.0283^2} = 0.0382[/tex]

The estimated standard error for the sampling distribution of differences in sample proportions is 0.0382.

A company that manufactures electronic components wants to know the mean discharge time of one particular type of capacitor that it makes. In order to estimate this value, they randomly select 100 capacitors and measure how long they take to discharge. The mean of this sample was 7.25 seconds with a standard deviation of 0.15 seconds. Assuming that this distribution is normal, construct a 99% confidence interval to estimate the mean discharge time for all capacitors of this type. Is this question asking for a confidence interval or hypothesis test

Answers

Answer:

99% confidence interval to estimate the mean discharge time for all capacitors of this type

(7.2146, 7.2854)

Step-by-step explanation:

Step(i):-

Given that the sample size 'n' = 100

Given that the mean of sample x⁻ = 7.25 seconds

Given that the standard deviation of the sample (S)  = 0.15 seconds

Level of significance = 0.01

Degrees of freedom = n-1 =100-1 =99

t₀.₀₁ , ₉₉ = 2.3646

We have to find that the 99% of the confidence interval of the mean

Step(ii):-

99% confidence interval to estimate the mean discharge time for all capacitors

[tex](x^{-} - t_{0.01 , 99} \frac{S}{\sqrt{n} } , x^{-} + t_{0.01 , 99} \frac{S}{\sqrt{n} } )[/tex]

[tex](7.25 - 2.3646 \frac{0.15}{\sqrt{100} } , 7.25 + 2.3646 \frac{0.15}{\sqrt{100} } )[/tex]

(7.25 - 0.0354 , 7.25 + 0.0354)

(7.2146, 7.2854)  

Final answer:-

99% confidence interval to estimate the mean discharge time for all capacitors of this type

(7.2146, 7.2854)

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