If $10,000 is invested at an annual rate of 11%, compounded quarterly, find the value of the investment after the given number of years.
a) 5 years b) 10 years c) 15 years

Answers

Answer 1

Answer:

[tex]a) A\simeq17204.28[/tex]

[tex]b) A\simeq29598.74[/tex]

[tex]c)A\simeq50922.51[/tex]

Step-by-step explanation:

The amount formula in compound interest is:

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

where:

P = principal amount

r = annual interest

n = number of compounding periods

t = number of years

We already know that:

P = $10000

[tex]r = 11\% = \frac{11\%}{100\%}=0.11[/tex]

n = 4 (quarterly in a year)

a ) t = 5 years

[tex]A=10000(1+\frac{0.11}{4} )^{(4)(5)}\\\\A=10000(1+\frac{0.11}{4} )^{20}\\\\A=17204.28431\\\\A\simeq17204.28[/tex]

b) t = 10 years

[tex]A=10000(1+\frac{0.11}{4} )^{(4)(10)}\\\\A=10000(1+\frac{0.11}{4} )^{40}\\\\A=29598.73987\\\\A\simeq29598.74[/tex]

c) t = 15 years

[tex]A=10000(1+\frac{0.11}{4} )^{(4)(15)}\\\\A=10000(1+\frac{0.11}{4} )^{60}\\\\A=50922.51361\\\\A\simeq50922.51[/tex]

Answer 2

Answer:

Solution given;

principal [p]=$10000

rate[r]=11%

time[t]= 5 years

we have

compound amount quarterly =P(1+r/400)^4t

=$10000(1+11/400)^4×5=$17204.28431


Related Questions

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Answer:

you are correct :D

Step-by-step explanation:

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Answers

Answer:

If its t to the power - 1/3 then it is 1/512

Step-by-step explanation:

t^-1/3=8

(1/t) ^1/3 =8

1/t = 8 ^3

t=1/512

Which of the following are not equivalent? *

1/3 and 5/15
1/4 and 0.25
0.6 and 6%
1/2 and 50%

Best answer get brainliest. 5 stars and a heart

Answers

1/3 and 5/15 that’s the answer
0.6 and 6% are not equivalent.

To turn a decimal into a percentage you move the decimal place two places to the right. By doing this you can see that 0.6 = 60% and is not equivalent to 6%. I hope this helps!

Henri built a lantern in the shape of a square pyramid. He wants to cover the entire pyramid with fabric. How much fabric will he need?

A square pyramid with a base of 4 meters by 4 meters and triangular side heights of 3 meters.

16 meters squared
24 meters squared
36 meters squared
40 meters squared
ITS NOT 24

Answers

The amount of fabric Henri will need is 40 meters squared

The amount of fabric Henri will require is the surface area of the square pyramid.

What is the surface area of the square spyramid?

The surface area of the square pyramid, A = area of square base, A' + area of 4 triangular sides

Area of square base

The area of the square base is A' = L² where L = length of base = 4 m

So, A = L²

= (4 m)²

= 16 m²

Area of triangular side

The area of the triangular side is A" = 1/2Lh where

L = length of base = 4 m and h = height of triangle = 3 m

So, A" = 1/2Lh

= 1/2 × 4 m × 3 m

= 1/2 × 12 m²

= 6 m²

Since there are 4 triangular sides, the area of the sides of the pyramid is

4A" = 4 × 6 m²

= 24 m²

Amount of fabric Henri will need

Since the amount of fabric Henri will need is the surface area of the square pyramid,

So, The surface area of the square pyramid, A = A' + 4A"

= 16 m² + 24 m²

= 40 m²

So, the amount of fabric Henri will need is 40 meters squared

Learn more about surface area of square pyramid here:

https://brainly.com/question/22744289

#SPJ1

Which of the following is the solution to the inequality below?
-3/2(x-1/3)> -5x

A. x> -3/35
B. x>2/21
C. x< 2/21
D. x< -3/35

Answers

Answer:1/3

Step-by-step explanation:

Rearrange the equation by subtracting what is to the right of the greater than sign from both sides of the inequality :

                    3/2*(x-1/3)-(-5*x)>0  

Step by step solution :

STEP

1

:

           1

Simplify   —

           3

Equation at the end of step

1

:

  3         1      

 (— • (x -  —)) -  -5x  > 0  

  2         3      

STEP

2

:

Rewriting the whole as an Equivalent Fraction

2.1   Subtracting a fraction from a whole

Rewrite the whole as a fraction using  3  as the denominator :

         x     x • 3

    x =  —  =  —————

         1       3  

Equivalent fraction : The fraction thus generated looks different but has the same value as the whole

Common denominator : The equivalent fraction and the other fraction involved in the calculation share the same denominator

Adding fractions that have a common denominator :

2.2       Adding up the two equivalent fractions

Add the two equivalent fractions which now have a common denominator

Combine the numerators together, put the sum or difference over the common denominator then reduce to lowest terms if possible:

x • 3 - (1)     3x - 1

———————————  =  ——————

     3            3    

Equation at the end of step

2

:

  3   (3x - 1)      

 (— • ————————) -  -5x  > 0  

  2      3          

STEP

3

:

           3

Simplify   —

           2

Equation at the end of step

3

:

  3   (3x - 1)      

 (— • ————————) -  -5x  > 0  

  2      3          

STEP

4

:

Equation at the end of step

4

:

 (3x - 1)    

 ———————— -  -5x  > 0  

    2        

STEP

5

:

Rewriting the whole as an Equivalent Fraction :

5.1   Subtracting a whole from a fraction

Rewrite the whole as a fraction using  2  as the denominator :

          -5x     -5x • 2

   -5x =  ———  =  ———————

           1         2    

Adding fractions that have a common denominator :

5.2       Adding up the two equivalent fractions

(3x-1) - (-5x • 2)     13x - 1

——————————————————  =  ———————

        2                 2    

The equation at the end of step

5

:

 13x - 1

 ———————  > 0  

    2    

STEP

6

:

6.1    Multiply both sides by  2  

6.2    Divide both sides by  13  

     x-(1/13)  > 0

Solve Basic Inequality :

6.3      Add  1/13  to both sides

            x > 1/13

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Answer:

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Step-by-step explanation:

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Answers

Answer:

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Step-by-step explanation:

Answer:

x+30=52

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Step-by-step explanation:

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A bag contains 5 blue marbles, 8 green marbles, and 11 red marbles. What is the probability of choosing a purple marble?
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B. .458
C. .667
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Answers

Answer:

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Answers

Answer:

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Step-by-step explanation:

Absolute Value is always positive.

Answer:

Kia is Right.

Step-by-step explanation:

14 always stay positive and when it is like -14, So -14 Is a negative number so just take out the negative sign and you well be all set.

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The Garcia family drives 3/4 of the distance to their grandparent's house
in 3/4 hour.

How many hours will it take
to drive to their grandparent's house at the same rate?

a= 1
b=9/16
c=1 and 7/9

Answers

Answer:

a=1

Step-by-step explanation:

because 3/4 hour is 45 minute and it takes 4/4 distance to their grandparents hous ein 4/4 hour so 45÷3=15, 15×4=60 which is 1hour

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Step-by-step explanation:

since they can drive 3/4 the distance in 3/4 hours, they can also drive 1/2 the distance in 1/2 hours and so on. If they want to visit the grandparent's house, they need to drive 4/4 the distance which is equivalent to 1 so it will take 1 hour for them to go to the house at the same rate.

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sometimes the question tries to trick you to make you overthink it so don't overthink it, try to just solve it simply.

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Step-by-step explanation:

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Answers

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Step-by-step explanation:

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Answers

I’m pretty sure that the one you marked is correct

Answer and Step-by-step explanation:

The answer you chose is correct:

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Answer:

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Step-by-step explanation:

When reflecting a figure across the y-axis, the x value will be the opposite and the y value will remain the same

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Answer:

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Step-by-step explanation:

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Answers

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Answers

Given:

The equation of the trend line is:

[tex]y=-0.36x+12.6[/tex]

In this equation y represents the wind chill and x represents the wind speed.

To find:

The wind chill at 51 mi/h.

Solution:

We have,

[tex]y=-0.36x+12.6[/tex]

Putting [tex]x=51[/tex], we get

[tex]y=-0.36(51)+12.6[/tex]

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Round the answer to the nearest degree.

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Identify the volume and surface area of the sphere in terms of π.

The figure shows a sphere. The sphere has a radius of 9 centimeters.

V = 972π cm3; S = 324π cm2
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Answers

Answer:

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Step-by-step explanation:

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You dont use the pie.

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Answers

Answer:

p=17.43

Step-by-step explanation:

To solve this I just subtracted

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which is

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