Andrew invests $2834 in a savings account with a fixed annual rate of 2.5% compounded daily. What will the account balance be after 28 years?

Answers

Answer 1

The account balance(i.e. compound amount) will be $5706.84 after 28 years.

What is daily compounded interest?

Daily compounded interest is defined as an interest that is accrued daily and is computed by charging interest on principal plus interest earned daily. Due to the frequent compounding, daily compounded interest is higher than interest compounded on a monthly or quarterly basis.

Given, Principal = $2834

the annual rate = 2.5% = 0.025

time = 28 years

For compounded daily, n = 365

Now, the compound amount is calculated by

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

or, A = [tex]2834(1 + \frac{0.025}{365} )^{365*28}[/tex]

A = $5706.84

Hence, the account balance will be $5706.84 after 28 years.

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Related Questions

Given circle E with diameter CD and radius EA. AB is tangent to E at A. If
AD = 12 and EA = 13, solve for AC. Round your answer to the nearest tenth if
necessary.

Answers

The line AC from the diagrammatic expression of the tangent of the circle shows that line AC is 24.0

What is the tangent of a circle?

A tangent of a circle is a line that intersects the circle at a single point. The site at which the tangent intersects the circle is referred to as the site of tangency.

From the given information:

Line |CD| =  Diameter

Line |EA| = radius = 18

Line |DB| = 12

Then, we can infer that line EA = DE since they are both (radii of the circle.)

Line |DE| = |EA| = 18

By using the formula for Pythagoras' theorem, we can find line |EA|.

hyp² = opp² + adj²

where;

Line |BE| = hypotenuse = DB + BE = 12 + 18 = 30

Line |AB| = opposite (x) = ???

Line |EA| = adjacent = 18

Thus;

30² = x² + 18²

900 = x² + 324

-x²  = -900 + 324

x  = √576

x = 24.0

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Find the slope: m=

Find the y-intercept: b=

Equation: y=

Answers

Answer:

y = - [tex]\frac{5}{4}[/tex] x + 5

Step-by-step explanation:

the equation of a line in slope- intercept form is

y = mx + b ( m is the slope and b the y- intercept )

calculate m using the slope formula

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

with (x₁, y₁ ) = (0, 5) and (x₂, y₂ ) = (4, 0) ← 2 points on the line

m = [tex]\frac{0-5}{4-0}[/tex] = [tex]\frac{-5}{4}[/tex] = - [tex]\frac{5}{4}[/tex]

the line crosses the y- axis at (0, 5 ) ⇒ b = 5

y = - [tex]\frac{5}{4}[/tex] x + 5 ← equation of line

Will swims a total of 45.6 laps in 2.85 hours. How many laps does he swim each hour?

Answers

The number of swims that Will swims by using decimal divisions is 16 laps in each hour.

What is decimal division?

When dividing decimals, the divisor must be converted to a whole number by moving the decimal point to the right. The dividend's decimal point is then carried up to the same number of places to the right, and the resulting numbers are divided in the same manner as regular long division.

Given, Will swims a total of 45.6 laps in 2.85 hours

That is, 2.85 hours = 45.6 laps

or, 1 hour = 45.6/2.85 = 16 laps

Hence, he swims 16 laps each hour.

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(10)
Write the equation
of the line in
Slope-Intercept
Form.

Answers

Answer: y= -3x -1

Step-by-step explanation: y=mx+b

The Y-intercept is at (0,-1), so b is -1

The slope is rise/run, and the graph is down 3, right 1, so the slope is -3/1

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Question

A square based pyramid has a height of 6 feet and the edge length of the base is 2 feet. A second square based pyramid is 2 feet taller and the edge length of the base is 0.5 feet greater than the first pyramid. How much greater is the volume of the second pyramid than the volume of the first pyramid? Round your answer to the nearest hundredth.


please help

Answers

A pyramid is a solid shape with a specified shaped base. The required answer is 8.67 cubic feet.

A pyramid is a solid shape with a specified shaped base. While a square based pyramid is a type of pyramid which has its base to be a square.

Volume of a square based pyramid = [tex]\frac{1}{3}[/tex] x base area x height

Also, are of a square = length x length

So that,

i. For the first pyramid;

volume =  [tex]\frac{1}{3}[/tex] x (2 x 2) x 6

            = 8 cubic feet

The volume of the first pyramid is 8 cubic feet.

ii. For the second pyramid, we have;

height = 8 feet

base side = 2.5 feet

So that.

Volume =  [tex]\frac{1}{3}[/tex] x (2.5 x 2.5) x 8

             = 16.6667

Volume = 16.67 cubic meters

The volume of the second pyramid is 16.67 cubic meters.

Therefore, the volume of the second pyramid is greater than the volume of the first pyramid by;

volume of the second pyramid - volume of the first pyramid = 16.67 - 8.0

                                              = 8.67 cubic feet

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You have rented a moving truck to move into your first apartment. ABC truck has interior dimensions of 168 inches times 96 inches times 77 inches. The dimensions of your storage boxes are 24 inches times 13 inches times 28 inches. Determine how many boxes can fit into the truck.

Answers

Dimension of ABC Truck = 168 * 96 * 77 = 1241856 inches cubed
Dimension of storage boxes = 24 * 13 * 28 = 8736 inches cubed

How many boxes can fit approx = 1241856 / 8736 = 142 boxes

a paddle wheel on a boat is 4 feet in diameter. the fins along the outer edge travel at a speed of 1.3 feet per second. how long does it take the paddle wheel to complete 100 full revolutions ? round to the nearest second.

_ minutes and _ seconds. ​

Answers

Answer: To find out how long it takes the paddle wheel to complete 100 full revolutions, we need to calculate the circumference of the paddle wheel and divide that by the speed at which the fins along the outer edge are traveling.

The formula for the circumference of a circle is:

C = 2πr

where C is the circumference and r is the radius of the circle.

The radius of the paddle wheel is 2 feet (the diameter of 4 feet divided by 2), so the circumference is:

C = 2π * 2 = 8π feet

To find out how long it takes the paddle wheel to complete 100 full revolutions, we divide the number of feet traveled in one revolution (the circumference of 8π feet) by the speed at which the fins are traveling (1.3 feet per second):

100 * 8π feet / 1.3 feet per second = 615.38 seconds

Rounded to the nearest second, it takes approximately 615 seconds for the paddle wheel to complete 100 full revolutions.

Write an equation in slope-intercept form of the line that is perpendicular to the one given and passes through the given point. (4,8); y=-2x - 4

Answers

answer:

step by step explanation:

(4,8); y = 2x — 4 = ?

TO FIND THE ANSWER TO YOUR QUESTION:

In the coordinate plane, the point X(-4,-2) is translated to the point X'(-6,-5) . Under the same translation, the points Y(0,0) and Z(-2,2) are translated to Y' and Z' , respectively. What are the coordinates of Y' and Z' ?

Answers

Under the same translation as X and X' the coordinates of Y' = (-2, -4) and Z' = (-4, -1)

What is translation of a point in coordinate system?

A translation is a transformation that occurs when a figure is moved from one location to another location without changing its size, shape or orientation. In the coordinate plane we can draw the translation if we know the direction and how far the figure should be moved.

According to the given question:

It is given about the points X (-4, -2) and X' (-6, -5).

We see that the translation is moving -2 units horizontally to the left and -3 units vertically down.

Therefore, the point Y(0,0)  is translated to Y'(0-2,-1-3) = Y'(-2,-4)

and the point Z(-2,2)   is translated to Z'(-2-2,2-3)  = Y'(-4,-1).

Hence, under the same translation Y' = (-2, -4) and Z' = (-4, -1)

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What is the slope of the line that passes through the points (10, 3)(10,3) and (7, 0)(7,0)? write your answer in simplest form.

Answers

The slope of the line that passes through the points (10, 3)(10,3) and (7, 0)(7,0)= 1.

What is slope?

A line's steepness and direction are measured by the line's slope.

Without actually using a compass, determining the slope of lines in a coordinate plane can assist in forecasting whether the lines are parallel, perpendicular, or none at all.

Any two different points on a line can be used to calculate the slope of any line.

A line's slope is determined by how its y coordinate changes in relation to how its x coordinate changes. y and x are the net changes in the y and x coordinates, respectively.

Two locations located on a straight line can be used to determine a line's slope. We can use the slope of line formula if we know the two spots' coordinates. These two points' coordinates should be-

P1 = (x1, y1) and P2 = (x2, y2)

According to our question-

The slope m using the slope formula

m = y2-y1/x2-x1

with (x₁, y₁ ) = (10, 3 ) and (x₂, y₂ ) = (7, 0 )

-3/-3 = 1

Hence, the slope is = 1.

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For the conditional write the converse , inverse , and contrapositive: Walking in front of a moving car is dangerous to your health .

Answers

The converse of the conditional statement is “If dangerous to your health then walking in front of a moving car”.

The inverse of the conditional statement is “If not dangerous to your health then not walking in front of a moving car”.

The contrapositive of the conditional statement is “if not walking in front of a moving car then not dangerous to your health."

What is the conditional statement?

The conditional statement is defined as the two fundamental components that make up a conditional statement Hypothesis (if) and Conclusion (then).

The given conditional statement is "walking in front of a moving car is dangerous to your health."

The converse of the conditional statement is “If dangerous to your health then walking in front of a moving car”.

The inverse of the conditional statement is “If not dangerous to your health then not walking in front of a moving car”.

The contrapositive of the conditional statement is “if not walking in front of a moving car then not dangerous to your health."

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A semicircle is divided into two circular sectors of which one is 4/5 of the other. The radius of the circle measures 18cm. Calculate the length of the two arcs and the area of ​​the two circular sectors

Answers

The length of the two arcs and the area of the two circular sectors can be calculated as follows:

Since the semicircle is divided into two circular sectors, each sector has an angle of 180/2 = 90 degrees. Therefore, the smaller circular sector has an angle of 90 * (4/5) = 72 degrees, and the larger circular sector has an angle of 90 - 72 = 18 degrees.

The length of the arc of a circle is equal to the circumference of the circle multiplied by the ratio of the central angle of the arc to 360 degrees. Therefore, the length of the smaller arc is 18 * pi * (72/360) = 8pi cm, and the length of the larger arc is 18 * pi * (18/360) = 2pi cm.

The area of a circular sector is equal to the area of the circle multiplied by the ratio of the central angle of the sector to 360 degrees. Therefore, the area of the smaller circular sector is 18^2 * pi * (72/360) = 288pi cm^2, and the area of the larger circular sector is 18^2 * pi * (18/360) = 72pi cm^2.

Therefore, the length of the two arcs is 8pi cm and 2pi cm, and the area of the two circular sectors is 288pi cm^2 and 72pi cm^2.

Alex has $600 in her checking account. She wants to spend a part of this money on a computer.
She wants to have at least $250 left in her checking account after buying the computer. Write an
inequality that can be used to find t, the amount of money in dollars that Alex can spend on the
computer, and solve fort.

Answers

Amount of computer can be 350 or more than 350.

What do you mean by inequality?

Inequalities specify the relationship between two values that are not equal. Equal does not imply inequality. Typically, we use the "not equal sign ()" to indicate that two values are not equal. But several inequalities are utilised to compare the numbers, whether it is less than or higher than.

Inequality is a mathematical statement that uses the inequality symbol to illustrate the relationship between two expressions.

It is given that Alex has $600 in her checking account and She wants to have at least $250 left in her checking account after buying the computer.

Let the amount of computer be t

According to the question , inequality become:

600 - t ≥ 250

600 - 250 ≥ t

350 ≥ t

Therefore, amount of computer can be 350 or more than 350.

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A taxi ride in a large city costs $2.75 plus 5 for each mile traveled. write an equation to represent the situation where D is the distance traveled and see is the total cost of the trip. if Brandon traveled 9.5 miles by taxi how much was the cost C of his taxi ride?

Answers

Answer: $50.25

Step-by-step explanation:

     First, we will write an equation to represent this situation.

C = $2.75 + $5D

     Next, we will substitute 9.5 miles into D and solve.

C = $2.75 + $5D

C = $2.75 + $5(9.5)

C = $50.25

Answer:

(a) c = 2.75 + 5d

(b) $50.25

Step-by-step explanation:

(a)

The information tells us the following:

Cost of a taxi ride = $2.75 + (5 * number of miles travelled)

We can use the variables c and d to represent the descriptions:

c = 2.75 + 5d

(b)

Substitute 9.5 into the equation as d:

c = 2.75 + 5(9.5)

Simplify:

c = 2.75 + 47.5

c = 50.25

Therefore, the cost of a 9.5 mile ride is $50.25.


solve for 2x² = 80?

Answers

Answer:

x=2√10,−2√10

Step-by-step explanation:

A marching band director needs to divide 44 members into two groups. He wants the ratio of band members in group 1 to band members in group 2 to be 1 to 3. How many band members will be in group 2?.

Answers

If the ratio of band members in group 1 to band members in group 2 is 1 to 3, then for every 3 band members in group 2, there will be 1 band member in group 1.Therefore, group 2 will have 11 band members.

What is ratio and proportion?

Comparing two numbers or quantities results in a ratio. Usually, it is expressed in the form "a:b" or "a/b," with a and b standing for the two quantities under comparison. Contrarily, a percentage is an equation that states that two ratios are equal. Alternatively said, a proportion is a claim that one ratio is equal to another.

For example, if the ratio of apples to oranges in a basket is 2:3, this implies that there are three oranges per each two apples. We may alternatively state that the ratio of apples to total number of fruits in the basket is 2:5, because 2 + 3 = 5. The two ratios (2:3 and 2:5) are proportionate in this instance. Also, ratio of band members in group 1 to band members in group 2 to be 1 to 3

How to solve?

If the director wants to divide 44 band members into two groups, with this ratio, then the number of band members in group 2 will be 44 / (1 + 3) = 44 / 4 = 11 band members.

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1. Line L contains points (4, -1) and (4,9). Point P has coordinates (1,6)

Answers

The distance between the point and the line is 3 units.

Find the equation for line L

Begin by finding the slope of the line through the given points, (4,-1) and (4,9) ; its intercept:

m = (y₂ - y₁) / (x₂ - x₁)

= (9 - (-1) ) / 4 - 4

= 10 / 0

= Undefined

Because the slope is undefined, then line L is a vertical line which has an x-intercept of (4,0):

x=4

Because, line L is vertical, then the line w perpendicular to it is a horizontal line that passes through (1,6)(1,6) so its equation is y=6. Hence, L and w intersect at (4,6) which we will denote as Q.

The perpendicular distance is the distance from point P(1,6) to point Q(4,6) which is simply the absolute value of the difference of the x-coordinates:

d = | 1 - 4 |

= |-3|

= 3

Hence, The distance between the point and the line is 3 units.

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You currently have $40 saved up. You get $5 every
time you shovel the driveway. Your friend has no
money saved up and gets $10 every time she
shovels her driveway (hers is twice as big as
yours!) After how many driveways will you have
the same amount of money as your friend?

Answers

8 days because you start at 40, and get 5$ everyday so 5x8 is another 40 for a total of $80. And if your friend earns $10 each day, in 8 days she will also have $80.

2) Solve: 115 − 10 = −12 − 5(2 − 6)

Answers

Answer:

False

Step-by-step explanation:

Simplify 115 − 10 : 105

Subtract the numbers  115 − 10 = 105    

     2.Simplify 12 − 5(2 − 6) : 8

105=8

this shows that the sides are not equal so it is false  

In the following diagram, AD || BC and AB || DC.
Prove angle A is congruent to angle C

Answers

They are vertical angles but in a different form.

If AD = BC then AC must be congruent. Transitive Property
Let’s use a two-column proof:

Statement: Reason:

AD || BC Given

∠1 ≅ ∠4. Alternate Interior Angles

Theorem

AB || DC Given

∠2 ≅ ∠3 Alternate Interior Angles

Theorem

━ ━
DB ≅ BD Reflexive Property of

Equality

ΔDAB ≅ ΔDCB ASA Postulate

Find the three consecutive integers such that the smallest and three times the largest is 330. What is the smallest integer?

Answers

The smallest integer out of the three integers is 109

What is a number system?

A numeral system is a writing system for expressing numbers; that is, a mathematical notation for representing numbers of a given set in a consistent manner using digits or other symbols. In different numeral systems, the same sequence of symbols can represent different numbers.

A zero, a positive natural number, or a negative integer with a minus sign is an integer. The negative numbers are the additive inverses of their positive counterparts.

Three consecutive integers:

x, x+1, x+2

The sum of the integers,

x+(x+1)+(x+2) = 330

3x + 3 = 330

3x= 327

x= 327/3

x= 109

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For the high school basketball game, it costs $12 for every 3 tickets.
Complete the table below showing the cost and the number of tickets.

Answers

Based on the unit rate of the table, the missing values that shows the cost and the number of tickets are:

$32 and 9 tickets.

How to Complete the Table Showing Cost and Number of Tickets?

To calculate the missing values in the table shown in the attachment below, we have to find the unit rate, which is the cost of 1 ticket.

Given that 3 tickets will cost $12, therefore:

Unit rate = 12 / 3 = $4 per ticket.

Using this rate, find the missing values as explained below.

For 8 tickets, we will have the following cost:

8 × $4 = $32

For $36, we will have the following tickets:

$36/$4 = 9 tickets

Thus, the missing values that will complete the table will be:

$32 and 9 tickets.

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Find the scale factor
Please help me!

Answers

Answer:

[tex]\frac{7}{5}[/tex] or 7:5

Step-by-step explanation:

You are going from the smaller triangle to the larger.

Let x = the scale factor.  Find two corresponding sides that you know both lengths.

50x = 70  Divide both sides by 50

x = [tex]\frac{70}{50}[/tex]  Divide both the numerator and denominator by 10

[tex]\frac{7}{5}[/tex]

Nora placed 12 cans in each box.How many boxes will she need if she has 240 cans?​

Answers

Answer:

20 boxes

Step-by-step explanation:

12 cans = 1 box

240 = x

apply rule of three

(240/12) x 1 = x

20 = x

Answer:

She will need 20 boxes

Step-by-step explanation:

Take the total number of cans and divide by the number of cans per box

240/12

20

She will need 20 boxes.

help meeeeeeeeeeeeeeeeeeeeeeeeeee pleaseeeeeeeeeeeeeeeeeeeeee!!!!!

Answers

Answer:

  a) 23.1 million

  b) year 2013

Step-by-step explanation:

Given a population in millions is modeled by A = 23.1e^(0.0152t) for t years after 2000, you want to know the population in year 2000, and the year in which the population is 28.3 million.

a) Initial population

When t=0, the exponential factor is 1. The population is given by the coefficient of that factor: 23.1

The population in 2000 was 23.1 millions.

b) Year of 28.3M

We can solve for t to find the year the population is 28.3 million:

  28.3 = 23.1e^(0.0152t)

  28.3/23.1 = e^(0.0152t) . . . . .divide by 23.1

  ln(28.3/23.1) = 0.0152t . . . . . take natural logs

  t ≈ 13.36

The population will reach 28.3 million in the year 2013.

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For the function f(x) shown graphed below, over which of the following intervals is f(x) <0?

Answers

The function f(x) is greater than zero when the value of x lies in between -3 and 5 and this can be determined by using the given graph.

What is graph?

Graph is a mathematical representation of a Networks and it's describes the relation between lines and points.

The graph of the function f(x) is given.

The following steps can be used in order to determine the interval for f(x):

Step 1 - The value of f(x) means the value of y.

Step 2 - The value of f(x) is positive when the graph of f(x) is in the first or in the second quadrant.

Step 3 - So, according to the graph function f(x) is positive when the value of x is in between -3 and 5.

Therefore, the correct option is 3).

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solve for b in the trapezoid.

Answers

180 - 57 = 123 ( ALLIED ANGLE )

what is this in Algebra tiles (x-1) (x+3)
please help me.

Answers

The area of a rectangle with the dimensions (x-1) and (x+3) is x²+2x-3 square units.

Given that, the dimensions of a rectangle (x-1) and (x+3).

What is the area of a rectangle?

The area occupied by a rectangle within its boundary is called the area of the rectangle. The formula to find the area of a rectangle is Area = Length × Breadth.

Here, the area of a rectangle

= (x+3)×(x-1)

= x²+3x-x-3

= x²+2x-3

Hence, the area of a rectangle with the dimensions (x-1) and (x+3) is x²+2x-3 square units.

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"Your question is incomplete, probably the complete question/missing part is:"

Find the area of a rectangle with the dimensions (x-1) and (x+3).

.... i need help past due

Answers

A = 3.67
B = 0.14
i’m not completely sure if these are right but i tried :)

What is the location of point G, which partitions the directed line segment from D to F into a 5:4 ratio? –1 0 2 3

Answers

The location of G is (3, 0).

Given question in that we have a number line.

A number line goes from negative 5 to positive 10.

Point D is at negative 2 and point F is at positive 7.

A line is drawn from point D to point F.

So we can write coordinate of point D as (-2,0) and point F as (7,0).

line segment from D to  F divides as point G as in ratio of 5:4

Consider two points P(x1, y1) and Q(x2, y2). We have to find the coordinates of the point R which divides PQ in the ratio m : n

x = [tex]m*x2+n*x1/(m + n)[/tex]

[tex]y = m*y2+n*y1/(m + n)[/tex]

so here in our question m =5 n=4

x1=-2 x2=7 y1=0 y2=0

x = 5*7+4*(-2)/9

x = 3

y = 5*0+4*0/9 = 0

So the location of G is (3, 0)

Given Question is incomplete complete question here.

What is the location of point G, which partitions the directed line segment from D to F into a 5:4 ratio? A number line goes from negative 5 to positive 10. Point D is at negative 2 and point F is at positive 7. A line is drawn from point D to point F.

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