Julia wants to put $56,000 into a savings account for 8 years and increase her total to at least $100,000. Assuming the interest is not compounded, what rate of return does the account need to earn?

Answers

Answer 1

Answer:

the account needs to earn a rate of return of at least 9.82% per year to increase Julia's total to $100,000 in 8 years with simple interest.

Step-by-step explanation:

To find the rate of return that the account needs to earn, we can use the simple interest formula:

Simple Interest = Principal x Rate x Time

Where:

- Principal = $56,000

- Time = 8 years

- Simple Interest = $100,000 - $56,000 = $44,000

Plugging in the values, we get:

$44,000 = $56,000 x Rate x 8

Simplifying the equation, we get:

Rate = $44,000 / ($56,000 x 8) = 0.0982 or 9.82%

Therefore, the account needs to earn a rate of return of at least 9.82% per year to increase Julia's total to $100,000 in 8 years with simple interest.

Answer 2

Answer: 9.82%

Step-by-step explanation:

So first of all we need to put down our formulae. We know that:

Simple interest = Principal × Time× Rate / 100

However the question is looking for Rate , therefore we must re -arrange the equation and make Rate the subject . This will give us :

Rate= Interest × 100 / Time × Principal

Now , the question tells us that the Principal is $56,00 and the time is 8 years , but we do not know the interest. In the case , we will use the equation :

interest =Amount -Principal to find the interest ,since the total amount has been given to us.

100,000 - 56,000 = 44,000

Principal =56,000

Time = 8

Interest=44,000

Using the first formulae:

44,000×100 / 8×56,000 = 9.8

Rate is always in % so our answer is 9.82%


Related Questions

Fala has 1
dog and 3
cats.
The weights of her pets are shown in the table.

Which equation shows how to find the mean weight of the cat

Answers

The answer is the bottom right one because to find mean you need to add all of the numbers and divide by how many numbers there are total which makes the answer (5 + 25 + 12 (42) divided by 3 = 14) hope this helps!
answer is bottom right!

Erica surveyed students at her school about their favorite type of music. She made a circle graph to show the results. The central angle for the section of the graph that represents country music measures 72°. If 45 classmates chose country as their favorite type of music, how many students did Erica survey?

Answers

Answer:

Step-by-step explanation:

So if 72 = 45 then 360 = x

so 360x 45/72 which is 225

What is the solution set of x 2 + 5 x - 5 = 0?

A). [tex]\frac{5-3\sqrt{5} }{2}, \frac{5+3\sqrt{5} }{2}[/tex]

B). [tex]\frac{-5+3\sqrt{5} }{2}, \frac{5+3\sqrt{5} }{2}[/tex]

C). [tex]\frac{-5-3\sqrt{5} }{2}, \frac{-5+3\sqrt{5} }{2}[/tex]

Answers

the answer for x 2 + 5x - 5 = 0 is b

A large rectangular prism is 5 feet long, 3 feet wide, and 4 feet tall. A small rectangular prism is 2.5 feet long, 1.5 feet wide, and 2 feet tall.
How many small prisms would it take to fill the large prism?
Write your answer as a whole number or decimal. Do not round.

Answers

Got the answer from a different user here in Brainly, credits to them

Answer: 2 small prism could fit.

Step-by-step explanation: The large prism is 4 feet tall, 5 feet long, And 3 feet wide. So it would take to small prism to fit because the small prism is 2 feet tall, 2.5 feet long, And 1.5 feet long. Do you see it the small prism is exactly half the size of the large prism there the large prism could fit two small prism with in its self.

I need help with asap!! Please answer the question in the image below

Answers

Answer:

width: 2 : 15volume: 8 : 3375surface area: 4 : 225

Step-by-step explanation:

Given a model has a scale factor of 2:15 with respect to the original car, you want to know the ratios of model : original for width, volume, and surface area.

Ratios

The scale factor is the ratio of linear dimensions, such as width. This means the ratio of widths will be 2:15, the same as the scale factor.

Areas have units of the square of a linear dimension. Hence the ratio of areas is the square of the ratio of linear dimensions, the square of the scale factor. The ratio of surface areas will be 2²:15² = 4:225.

Volumes have units of the cube of a linear dimension. Hence the ratio of volumes is the cube of the ratio of linear dimensions, the cube of the scale factor. The ratio of volumes will be 2³:15³ = 8:3375.

The model : original ratios are ...

width: 2 : 15volume: 8 : 3375surface area: 4 : 225

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Answer needed (atleast by) 12:20-40pm

Answers

Answer:

2(139.4) + 5(12)(9) = 818.8 square mm

help me please thanksssss

Answers

Answer:

The post office is at (7,7)

Step-by-step explanation:

To get to the pet shop, go down 4 and left 1

Answer: (7, 7)

Step-by-step explanation:

Look at the point where the post office is. Look at the numbers below and the ones to the right. Look at the lines. There are  two lines that  lead to the location of the post office. The numbers next to the both of those lines should be 7 and 7. Which makes the ordered pair.

pls help meeeee i dont know what to do

Answers

Answer:

24

Step-by-step explanation:

6 x 4 = 24

i cant explain how i got it but i did

for me i cant explain how in words but i have to show you

Answer:

Step-by-step explanation:

30 units squared

If you count the inside units it will become 30.

PLSSS HELP MEEEE its simple volume of a triangular pyramid

Answers

Answer:700



Step-by-step explanation:

The base of the Triangular prism is 140

14 x 10 = 140

The volume

volume = L x w x h or b x h

140 x 5 = 700

the base is 140

The height is 5

The volume is 700

Base is L x W

A bag contains 3 marbles: a blue marble, an orange marble, and a white marble. A marble is chosen twice with replacement. Find the sample space.

Answers

Answer:

3

Step-by-step explanation:

To find the sample space, we can list all possible pairs of outcomes. For example, the first choice could be blue and the second choice could be blue, or the first choice could be blue and the second choice could be orange, and so on.

The sample space for this experiment is:

{(blue, blue), (blue, orange), (blue, white), (orange, blue), (orange, orange), (orange, white), (white, blue), (white, orange), (white, white)}

Therefore, there are 9 possible outcomes in the sample space.

Based on the results given, estimate the probability that 3 or more kicks are made. You can give your answer in decimal or percent form.

Answers

Answer:   skip 3 in kick you would get 9 [tex]\sqrt{x} 876\int\limits^a_b {x} \, dx =88[/tex]

A group of students were asked which club they planned to join.
Club Percent of Students

Garden Club 0.1

Robotics Club 0.2

Technology Club 0.5

Zoology Club 0.2

Compare the probabilities of a randomly selected student joining a club and interpret the likelihood. Choose the statement that is true.


The student will be more likely to join the Robotics Club than the Garden Club because P(Robotics) > P(Garden).

The student will be equally likely to join the Robotics Club or Technology Club because P(Robotics) = P(Technology).

The student will be more unlikely to join the Zoology Club than the Robotics Club because P(Zoology) > P(Robotics).

The student will be more likely to join the Garden Club than the Robotics Club because P(Garden) < P(Robotics).

Answers

Answer:

1. true

2. false

3. false

4. false

Step-by-step explanation: double check.

PLS HELP ASAP!! WILL GIVE BRAINLIEST!!!

The table below shows the changes to the price of a particular share on the stock market.


Day : Daily change (in dollars)

1 +2.75

2 -4.375

3 +0.875

4 -2.5


(A) By how much did the price of the share change from the start of day 1 to the of day 4?


(B) At the end of day 4 the price of the share is $102.85. What was the price of the share at the start of day 1?

Answers

Answer:

a

Step-by-step explanation:

PLEASE HELP ASAP!! WILL MARK BRAINLIEST

Answers

Part A: To draw triangles ABC and DEC separately, follow these steps:

Draw a line segment DE with a length of 1.2 feet. This will be the base of both triangles.At point D, draw a perpendicular line segment DC with a length of 2 feet. This will be the height of triangle DEC.At point E, draw a line segment EB with a length of 0.3 feet. This will be the height of triangle ABC.Connect points C and B with line segment BC. This will be the hypotenuse of both triangles.

What is the others about?

The lengths of sides BC, DE, and EC are as follows:

BC: It is the hypotenuse of triangle ABC and has a length that needs to be calculated using the Pythagorean theorem.DE: It is the base of both triangles and has a length of 1.2 feet.EC: It is the height of triangle DEC and has a length of 2 feet.

Part B: To find side AB of triangle ABC, we can use the concept of similarity and ratios. Since triangles ABC and DEC are similar, their corresponding sides are proportional. We can set up the following proportion:

AB/DE = BC/EC

Plugging in the given values, we get:

AB/1.2 = BC/2

To solve for AB, we can cross-multiply and then divide:

AB = (BC/2) x  1.2

Now we need to find the value of BC. We can use the Pythagorean theorem, as BC is the hypotenuse of triangle ABC. The Pythagorean theorem states that the square of the hypotenuse is equal to the sum of the squares of the other two sides.

BC² = AB² + BE²

Plugging in the given value for BE, we get:

BC^2 = AB² + 0.3²

Now we can substitute the value of AB from the previous equation into this equation:

BC² = ((BC/2) * 1.2)² + 0.3²

Simplifying, we get:

BC² = 0.36 x BC^2/4 + 0.09

Multiplying both sides by 4 to eliminate the fraction, we get:

4 x  BC² = 0.36 x BC² + 0.36 + 0.09

Combining like terms, we get:

4 x  BC² = 0.36  BC² + 0.45

Subtracting 0.36 x BC² and 0.45 from both sides, we get:

3.64 x BC² = 0.45

Dividing both sides by 3.64 to isolate BC², we get:

BC² = 0.45 / 3.64

Taking the square root of both sides to solve for BC, we get:

BC ≈ √(0.45 / 3.64)

BC ≈ 0.357 feet

Now we can substitute the value of BC back into the equation for AB:

AB = (BC/2) x  1.2

AB ≈ (0.357/2) x  1.2

AB ≈ 0.214 feet

So, the approximate length of side AB of triangle ABC is 0.214 feet.

Read more about triangle here:

https://brainly.com/question/17335144

#SPJ1

See full text below



Triangles ABC and DEC are similar. Side DE is 1.2 feet, side EC is 2 feet, and side BE is 0.3 foot.

Part A: Describe how to draw triangles ABC and DEC separately. Be sure to give the lengths of sides BC, DE, and EC in the description. (6 points)

Part B: Find side AB. Show each step of your work. (6 points)

A teacher gives pens and pencils to elementary students at an equal rate.

18 72
29 A
35 140
B 168

Determine the missing value for the letter B.
38
42
63
70

Answers

Answer: 42

Step-by-step explanation:

B= 42
On the left side the numbers are multiplied by 4 to get the value on the right side. I divided 168 by 4 and got 42.

PLEASE HELP ASAP!! WILL MARK BRAINLIEST
Triangle NMO has vertices at N(−5, 2), M(−2, 1), and O(−3 , 3). Determine the vertices of image N′M′O′ if the preimage is reflected over y = −2.

Answers

Answer:

N' (-5,0), M' (-2, -1), O' (-3,1)

Step-by-step explanation:

The table shows the results of selecting a marble from a bag 200 times. What is the experimental probability of selecting a blue marble?

Answers

Answer: b, 1/10

Step-by-step explanation:

You have to find the amount of blue marbles. The table says it is 20. The total amount of numbers is 200, and 20/200 is 1/10. Thus, the answer is B. Hope this helps!

P.S. mark as brainlist please

1/10 chances of getting a blue marble

Please help me! I am stuckkkkkk

Answers

Answer: 40 percent

Step-by-step explanation: Add the eight and the eight from the two and four on the table together. 8+8=16. Since the wheel was spun 40 times, do 16/40 to get 0.4, or 40 percent.

(If this is incorrect I'm sorry)

Im pretty sure its 48% if incorrect my apologies

Im doing my math homework and i need helpp with this 3

Answers

Answer: 3) 262,144.      4) 16,807       . 5)248,832

Step-by-step explanation:

Number 3 is the same as 8*8*8*8*8*8 or 8 six times so the answer is 262144. Number 4 will be 7*7*7*7*7 or 7 five times so the answer is 16807. On number 5 it will be the same thing: 12*12*12*12*12 or 12 five times so 248832. Hope it made sense!

Solve for w. 3(2w+9) = 57 Simplify your answer as much as possible.

Answers

Answer:

5

step by step explanation

The answer is five. I cant give an explanation because i used a website to answer it-

Answer:

Step-by-step explanation:  

1. distributive property - 3x2w=6w    3x9=27

2. set up the new equation -   6w+27=57

3. minus 27 from both sides -  6w=30

4. divide by 6 on each side -  6w/6=w    30/6=5

5. answer -  w=5

To save water, Danna landscaped the area around her home with rocks. What expression can be used to find the area Danna covered with rocks?

150(90) + 115(85)
150(85) - 115(90)
150(85) + 115(90)
150(90) - 115(85)

Answers

because it's a simple question it should be the 3rd one you pir

Answer:

Step-by-step explanation:

I think its the third one

Is the relation a function? Complete the sentence.

Answers

Answer:

the inly way this could be a function is iif it is x times 0 plus 2

Answer:

  yes

Step-by-step explanation:

You want to know if the relation shown is a function.

Function

A set of ordered pairs (x, y) represents a function if there are no repeated x-values. Here, there are 4 unique x-values for the 4 ordered pairs (none are repeated), so this relation is a function.

__

Additional comment

Yes, it's that simple.

Look down the x-list. If you see any repeats, it is not a function. The same is true for ordered pairs (x, y). If there are any repeated first numbers, it is not a function.

Phil spent $17 of his $157 pocket money on eating out for one meal. What percent of Phil's pocket money did he spend on eating out for one meal?

Answers

Answer:

17/157=10.82%

Step-by-step explanation:

Answer: 10.8% (maybe 11% depending on if your teacher wants a decimal in the answer or not)

Step-by-step explanation:

157 x 0.108 = 16.956

16.956 can be rounded up to 17.

Therefore, Phil spent about 10.8% of his pocket money ($157).

Note: Enter your answer and show all the steps that you use to solve this problem in the space provided.
Day
Sunday
Monday
Tuesday Wednesday Thursday
Friday
Saturday
Temperature
49
(degrees F)
55
52
46
47
42
38
Julia measured the high temperature in her town for one week. Using the chart above, find the mean
absolute deviation for the high temperatures. Round your answer to the nearest tenth.
Be sure to show your work for finding:
•the mean of the set of data
• the distance of each number from the mean
• the mean absolute deviation

Answers

Answer:-49

Step-by-step explanation:

d

How many more houses have an area between 150 and 200 m 2, than between 250 and 300 m 2?

Answers

Answer: 8 more houses

it would be 8 more houses

The ratio relationship of water to cement in a concrete mixture is shown on the graph below.



Which of the following ratio tables corresponds to the ratio relationship demonstrated on the graph?


Cement



( x)
Water



( y)
0 0
2 1
3 3
10 4

Cement



( x)
Water



( y)
0 0
2 5
4 10
6 15

Cement



( x)
Water



( y)
0 0
3 1
6 2
9 3

Cement



( x)
Water



( y)
0 0
5 2
10 4
15 6

Answers

Answer:C

Step-by-step explanation:

Alex has a collection of vehicle models. He built 8 model airplanes, 4 model trains, and 12 model cars. Write a ratio to represent the ratio of cars to airplanes.
A. 12:24
B. three halves
C. 8:12
D. 4 to 6

Answers

Answer:

B three halves or 3:2

Step-by-step explanation:

total cars 12

total airplanes 8

ratio of cars to airplanes is 12:8 ie 3:2

Answer:

Three havles

Step-by-step explanation:

The question tells us that there are 12 cars and 8 airplanes,

As a ratio this would be presented as , 12:8 .

However , when we simplify it we get 3:2 or 3 havles

PLEAS HELP QUICK AAAHHHH

Answers

Answer:

using sample data to make a prediction about the population

Step-by-step explanation:

it's inferential statistics which helps to make hypotheses and pridiction

the answer is
a) Using data to make a prediction about the population

Need help with transversals

Answers

Answer: Alternate exterior angles

Step-by-step explanation:

Angles a and b are alternate exterior angels.

Which situation can be represented by 11.50x> 118?
• A. Jackson made a deposit of $11.50 into his savings account. This
brought the total in the savings account to $118. How much
money did he have in the savings account before he made the
deposit?
• B. Kelly earns $11.50 for each lawn she mows. How many lawns
does she need to mow to earn more than $118?
• C. A dozen bagels cost $11.50, including tax. How many dozen
bagels can a customer buy with $118?
• D. A waiter received an $11.50 tip. This brought his total tips to more
than $118. How much money in tips did he have before the $11.50
tip?

Answers

Answer:
The answer is C!

:]

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