A savings account starts with $231 25. After 8 years of continuous compounding at an
interest rate the account has $1850.
What is the interest rate percentage?
Round the answer to the nearest hundredth.
Enter your answer in the box

Answers

Answer 1

Answer:

87.5%

Step-by-step explanation:

Took the k12 math test

Answer 2

A savings account starts with $231 25. After 8 years of continuous compounding at an interest rate of 87.5% the account has $1850.

What is Compound interest?

Compound interest is a method of calculating the interest charge. In other words, it is the addition of interest on interest.

Compound Interest = P(1+r/n)^rt

A savings account starts with $231 25. After 8 years of continuous compounding at an interest rate the account has $1850.

Compound Interest = P(1+r/n)^rt

[tex]\rm 1850 = 231 25 (1 + r/12)^{96}[/tex]

[tex]\rm 1850 = 231 25 (1 + r/12)^{96}\\\rm 1850 /231 25 = (1 + r/12)^{96}[/tex]

r = 87.5%

Thus, the interest rate percentage is 0.87 rate per year.

Learn more about interest;

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Related Questions

2345621874+9863412689

Answers

Answer:

12209034563 will be your answer.

Step-by-step explanation:

just add it.

Answer:

WAT TIME IS IT? IT TIME 2 USE DA CALCULATOR.

12209034563

more info can be giving on usecalculator.com

Step-by-step explanation:

Will give brainliest!! PLEASE HELP NEED THIS NOW DUE TODAYYY!!!
My math students challenged me, their math teacher, to play a dice game with them. They will give me 10 cents for each odd sum I roll with two dice, but I have to give them 10 cents for each even sum they roll with the two dice. I do not think this game is fair. I think I am going to get cheated! I noticed that I cannot roll one of my odd numbers: 1!

Should I play this game with the students? Use your mathematical thinking to convince me whether or not this is a fair game.

Answers

Answer:

No

Step-by-step explanation:

You can if you want, but there is a total of 6 on the dice. And there are 3 odds. Each odd you role you gain 10 cents, but each time a student roles a even they also get 10 cents. So you will get paid and in a game of chance and gambling. You won't gain anything if ALL of the students are together and going against you. Its like 1 vs 25 and you would have to pay a lot of students at one time to play this game. So logically no, because you won't gain money. But also you could if you always get odds, but again. That's a 3/6 or 1/2 each time you role to get a odd number.

Hope that helped, or even made sense xD

List all of the factors of 64. (Type the factors in numeric order from smallest to largest. Separate each factor with a comma and a
space after the comma.)
The solution is
I
Submit
Pass
Save and close
Don't know answer
ne web and Windows

Answers

Answer:

{1,2,4,8,16,32,64}

Step-by-step explanation:

1×64=64

2×32=64

4×16=64

y divided by the product of 3 and x

Answers

Answer: y/3x

Step-by-step explanation: 3 times x is 3x, so y/3x

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)

Find (-5)(-2)(5)( - 1)(-4)

Answers

200. Multiply all starting from left to right
Answer: 200

Step:
(-5)(-2)=10
10(5)=50
50(-1)=-50
(-50)(-4)=200

Which number line shows the solution to the inequality -4x + 3 < -5

Answers

Answer:x>2

Step-by-step explanation:

4x/4>8/4

help me pleaseee. I don’t understand why this wrong so it would be great if you could help?

Answers

Answer:

-4x + 5y = 40

Step-by-step explanation:

- move the expression to the left, so you want to get y - 4/5x = 8

-  multiply both sides so you get 5y - 4x = 40

- reorder the terms so you get -4x + 5y = 40

personally, I would change the signs afterwards to get 4x - 5y = -40, but the last thing I wrote was what was shown in that picture you sent. hope this helped :)

3. *
1 point
3. What is the solution to this equation?
45.98 = 18.78 + 2x
64.76
32.38
27.2
13.6

Answers

Answer:

the answer is 13.6

Step-by-step explanation:

minus 18.78 on both sides

then divide by 2

Find the volume of the following figure using unit cubes.

Answers

Answer:

Volume : 94

Step-by-step explanation:

2(4 x 5) = 40

2(3 x 5) = 30

2(3 x 4) = 24

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

40 + 30 + 24 = 94

What’s the answer to this

Answers

Answer:

p=$65 per day so how many days? you multiply 65 by how ever many days that there is so

Step-by-step explanation:

p=$65 per day so how many days? you multiply 65 by how ever many days that there is so  that would be your answer

Arvida scored 40 points in the first game against Ammons Middle. During the second game Arvida scored 56 points. By what percent did the points scored change

Answers

Answer:

40%

hope this helped :)

40 percent is the answer

The point at which two sides of a polygon meet is called a(n).
OA) segment
OB) face
OC) edge
OD) vertex

Answers

Answer:

its called a vertex

Step-by-step explanation:

The line segments that form a polygon are called the sides of a polygon.

A point where two sides meet is a vertex.( in plural form is vertices)

Ron wants to save $5,000 in 5 years. Can he do this by having $100 deposited into a payroll savings plan each month? Explain. use a calculator if you like.

Answers

Answer:

Yes.

Step-by-step explanation:

Yes because 100 times the 12 months in a year equals $1,200 and $1,200 times 5 is $6,000 and $6,000 is greater than $5,000, so yes.

What is the unit rate for the ratio 4/7: 8/21?

Answers

Answer:

The unit rate is 1.5

Step-by-step explanation:

Given

[tex]Ratio = 4/7 : 8/21[/tex]

Required

Determine the unit rate

To do this, we need to express the ratio as:

[tex]Ratio = m : 1[/tex]

Where m is the unit rate

[tex]Ratio = 4/7 : 8/21[/tex]

Express as fraction

[tex]Ratio = \frac{4/7 }{ 8/21}[/tex]

Solve

[tex]Ratio = \frac{4}{7} * \frac{21}{8}[/tex]

[tex]Ratio = 1.5[/tex]

Express as ratio

[tex]Ratio = 1.5 : 1[/tex]

Hence, the unit rate is 1.5

(-5,0) with a rotation of 90° counterclockwise

Answers

Answer:

(0,-5)

Step-by-step explanation:

flipping axises casuses the points to flip

I need help if right I will mark you

Answers

Answer:

B

Step-by-step explanation:

Pls Help and put a proper answer!
You want to buy a digital camera that costs $234. You have saved $50 so far. You earn $6.50 per hour at your summer job. Write and solve an inequality that represents the number of WHOLE hours you need to work in order to buy the digital camera.

Answers

6.5x+50>_234
C=#of hrs (>_ is the greater than equal to symbol btw)

6.5x+50>_234
-50. -50
6.5x/6.5>_184/6.5

x>_ 24 hrs


Answer:

H = (234 - 50)/6.50

H = 29 hours

Step-by-step explanation:

H = hours to work

H = (234 - 50)/6.50

H = 28.31 hours

Pls help ill give brainliest

Answers

it is located in quadrant 2, as it is originally in the third quadrant and is flipped over the x axis.

A circular wheel has a diameter of 42 cm. How far will it roll in 5
revolutions?​

Answers

Answer:

3.142

Step-by-step explanation:

Answer:

659.75 cm

Step-by-step explanation:

First, find the circumference with the formula C = 2[tex]\pi[/tex]r

The diameter is 42 cm, so the radius will be 21 cm

Plug in the radius into the equation and solve for C

C = 2[tex]\pi[/tex]r

C = 2[tex]\pi[/tex](21)

C = 131.95

Find how far it will roll by multiplying this by 5

131.95(5)

= 659.75

So, in 5 revolutions, it will roll 659.75 cm

how do you find the area of the attached shape?

Answers

Answer:

You would find the area if each individual shape inside the shape and then add all the areas together to get your final product

Solve the following system of equations: (2 points) −2x + y = 1 −4x + y = −1

Answers

Answer:

(x,y)=(1/2,0)

Step-by-step explanation:

rewrite the expression

-2x+y=-1

1-4x+y=-1

Please help me I'm so bad at math and doing AFDA really doesn't help..
substitution of a,b,c in this equation

Answers

Answer:

2, 1 and -3

Step-by-step explanation:

Given the quadratic expression

x^2+2x = 3

Write in standard format

x^2+2x-3 = 0

Get the value of a, b and c

The standard form is ax^2+bx+c = 0

ax^2 = x^2

a = 1

bx = 2x

b = 2

c = -3

Substitute into the general formula

x = -b±√b²-4ac/2a

x = -2±√(2)² - 4(1)(-3)/2(1)

The correct values are the values in bold format

Sean earns $8.50 per hour and made a total of $80.75 today. How many hours did he work?

Answers

Answer: 9.5 hours

In order to solve this, you must divide his total (80.75) by his hourly wage (8.50) When you do that, you get 9.5, so he worked 9.5 hours

Step-by-step explanation:

5). Find the surface area.
3.6 yd
7 yd
3 yd
2 yd

Answers

15.6 . hope this helps

PLEASE HELP ME GIVING LOTS OF POINTS AND BRAINLIEST TO THE FIRST LEGIT ANSWER!!!

Meg plotted the graph below to show the relationship between the temperature of her city and the number of people at a swimming pool:

Main title on the graph is Swimming Pool Population. Graph shows 0 to 30 on x axis at increments of 5 and 0 to 12 on y axis at increments of 1. The label on the x axis is Temperature in degree C, and the label on the y axis is Number of People at the Pool. Dots are made at the ordered pairs 2.5, 1 and 5, 2 and 7.5, 2 and 7.5, 3 and 7.5, 4 and 10, 5 and 10, 6 and 12.5, 6 and 15, 7 and 15, 8 and 17.5, 5 and 17.5, 7 and 20, 9 and 22.5, 7 and 22.5, 9 and 25, 11 and 27.5, 12.

Part A: In your own words, describe the relationship between the temperature of the city and the number of people at the swimming pool. (5 points)

Part B: Describe how you can make the line of best fit. Write the approximate slope and y-intercept of the line of best fit. Show your work, including the points that you use to calculate slope and y-intercept. (5 points)

Answers

Answer:

As the temperature increases, the number of people at the pool increases.

Part B: I think the line best fit can be one that starts at (0,0), and goes up until (28,12). The approximate slope would be 0.42, and the y-intercept is 0.

SLOPE:

(28,12)

y / x = m

12 / 28 = 0.42

Y-INTERCEPT:

​(0,0)

= 0

Step-by-step explanation:

Find the 59th term of the arithmetic sequence 26, 17, 8, ...

Answers

58x9= 522
26 - 522 = -496

Answer:

-496

Step-by-step explanation:

it's right :)

24.. A toy company makes 40 plastic harmonicas in 30 minutes. At this
rate how long will it take to make 200 harmonicas?
Proportions

Answers

Answer:

It will take 2 and a half hours

Step-by-step explanation:

Well 40 can go into 200 5 times so you would do 5 times 30 minutes which would be 150 minutes and then you would divide it by 60 to simplify which would be 2 hours and 30 minutes. So it will take 2 and a half hours to make 200 harmonicas.

200/40 = 5

5 * 30 = 150

150/60 = 2 hours and 30 minutes

Answer:

6.7 minutes

Step-by-step explanation:

From what we know, we will have to divide. The things we are dividing are the 30 minutes it took to make the 40 plastic harmonicas and the total we need of harmonicas, which is 200. By dividing 200 by 30, we get 6.666666666666667. But, we can't have that long answer, so we need to round up. Which is when we get our quotient of 6.7 minutes. If I'm wrong, please, don't be afraid to correct me. And have a good day stranger!

Edit: This answer is wrong. I was corrected and now I know what the answer is. Please do avoid this answer. But have a good day to anyone sees this!

Plz I need to know this

Answers

it would be a triangular prism

Answer:

triangular prism

Step-by-step explanation:

If y varies directly as x and x=6 when y = 3 what will y be when x = 10

Answers

Answer:

y = 5

Step-by-step explanation:

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