Trever invested $10,000 in an account that earns 8.5%
interest that is compounded monthly.
(a) Write an exponential model for the balance of the
account.
(b) Determine the amount of money in the account
after 15 years.

Answers

Answer 1

Answer:

Results are below.

Step-by-step explanation:

Giving the following information:

Trever invested $10,000 in an account that earns 8.5% interest that is compounded monthly.

First, we need to calculate the monthly interest rate:

i= 0.085 / 12= 0.00708

Now, to calculate the future value of the investment, we need to use the following formula:

FV= PV*(1+i)^n

PV= initial investment

i= interest rate

n= number of periods

In this case:

FV= 10,000*(1.00708^n)

Finally, for 15 years:

n= 15*12= 180 months

FV= 10,000*(1.00708^180)

FV= $35,605.31


Related Questions

What is the solution to the equation below?
0.5x + 20 = 0.6x
A. x = -200
B. x=2
C.x = 20
D.x = 200

Answers

Answer:

it's D 200 for sure my answer I correct

PLS HELP ME
The smallest hummingbird is the Bee hummingbird. It has a mass of about 1
1
4
grams. The mass of a larger type of hummingbird is about 6 times the mass of the Bee hummingbird.

What is the mass of the larger hummingbird?

Answers

Answer:

The mass of the larger hummingbird is 7 1/2 or 15/2.

Step-by-step explanation:

Bee hummingbird = 1 1/4g

Larger hummingbird = 6x that

So,

1 1/4 x 6 = 7.5

7.5 as fraction = 7 1/2 or 15/2

The slope of the line shown below is 1/2

Someone Please Help Me

Answers

*☆*――*☆*――*☆*――*☆*――*☆*――*☆*――*☆*――*☆**☆*――*☆*――*☆*――*☆

Answer: 2

Explanation:

Remember Rise/Run

1/2

So if they went "Run" 4 units

then the equivalent to 1/2 is 2/4

Therefore the value of a is 2!

I hope this helped!

<!> Brainliest is appreciated! <!>

- Zack Slocum

*☆*――*☆*――*☆*――*☆*――*☆*――*☆*――*☆*――*☆**☆*――*☆*――*☆*――*☆

The table shows the cost of hiring a concrete mixer for up to 5 days.
1
2
Number of days
3
4
5
19
45
Cost in £
32
58 71
The cost of hiring the concrete mixer is made up
of a fixed charge and a daily charge.
(1)
(i) How much is the daily charge? £
(1)
(ii) How much is the fixed charge? £
Tota​

Answers

Answer:

i. daily charge = £13

ii. fixed charge = £6

Step-by-step explanation:

Number of days (x) | Cost in £ (y)

1 | 19

2 | 32

3 | 45

4 | 58

5 | 71

Using the given table, we can represent this situation with an equation in slope-intercept form, y = mx + b, where,

m = slope = daily charge

b = y-intercept = fixed charge

✔️Thus, using the coordinates of any two given pairs, say (1, 19) and (2, 32):

Slope (m) = ∆y/∆x = (32 - 19)/(2 - 1) = 13/1

Slope (m) = 13

Therefore daily charge = £13

✔️To find y-intercept (b), substitute (x, y) = (1, 19) and m = 13 into y = mx + b.

Thus:

19 = (13)(1) + b

19 = 13 + b

b = 19 - 13

b = 6

Therefore, fixed charge = £6

✔️Substitute m = 13 and b = 6 into y = mx + b to represent the function given for the situation:

y = 13x + 6

here is a tree diagram showing the sample independent events how many outcomes are there for the second event

8
1
2
4​

Answers

8
4 events to begin with each has 2 possible outcomes.

The sum of three consecutive positive numbers is 147. Find the product of the greatest and the
smallest number.

Answers

Answer:

any how there are three consecutive positive numbers

Find the value of x 116 degrees and 33 degrees

Answers

Answer:

x = 31 degrees

Step-by-step explanation:

This is a triangle because there are 3 angles so they all add up to 180 degrees.

116 + 33 + x + 180   Add 116 and 33

149 + x = 180    subtract both sides by 149

x = 31

I need help with this problem asap :(

Answers

Answer:

m<P=130°

m<Q=130°

m<R=50°

Step-by-step explanation:

m<P=130

m<Q=130

m<R=50

A process manufactures ball bearings with diameters that are normally distributed with mean 25.14 mm and standard deviation 0.08 mm. NOTE: This is a multi-part question. Once an answer is submitted, you will be unable to return to this part. A particular ball bearing has a diameter of 25.2 mm. What percentile is its diameter on

Answers

Answer:

The diameter is in the 77th percentile.

Step-by-step explanation:

Normal Probability Distribution:

Problems of normal distributions can be solved using the z-score formula.

In a set with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the zscore of a measure X is given by:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.

25.14 mm and standard deviation 0.08 mm.

This means that [tex]\mu = 25.14, \sigma = 0.08[/tex]

A particular ball bearing has a diameter of 25.2 mm. What percentile is its diameter on?

This is the pvalue of Z when X = 25.2. So

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]Z = \frac{25.2 - 25.14}{0.08}[/tex]

[tex]Z = 0.75[/tex]

[tex]Z = 0.75[/tex] has a pvalue of 0.77.

The diameter is in the 77th percentile.

Will give Brainliest .
a.188.5 cubic units
b. 204.2 cubic units
c. 1,021.0 cubic units
d. 942.5 cubic units

Answers

Answer:

d. 942.5 cubic units

Step-by-step explanation:

Volume of the oblique cylinder = πr²h

h = 12

r = 5

Plug in the values

Volume = π × 5² × 12

Volume = 942.477796

Volume = 942.5 cubic units (nearest tenth)

Use slopes and y-intercepts to determine if the lines 4x−3y=6 and y=43x−1 are parallel.

Answers

Answer:

Since they have the same slope, they are parallel.

Step-by-step explanation:

Equation of a line:

The equation of a line has the following format:

[tex]y = mx + b[/tex]

In which m is the slope. If two lines are parallel, they have the same slope.

4x−3y=6

Placing into the above format:

[tex]3y = 4x - 6[/tex]

[tex]y = \frac{4x - 6}{3}[/tex]

[tex]y = \frac{4x}{3} - 2[/tex]

The slope [tex]m = \frac{4}{3}[/tex]

y=4/3x−1

The slope is [tex]m = \frac{4}{3}[/tex]

Since they have the same slope, they are parallel.

A farmer sells 8.3 kilograms of apples and pears at the farmer's market. 1/4 of this weight is apples, and the rest is pears. How many kilograms of pears did she sell at the farmer's market?

Answers

Answer:

6.23 kg of pears (check for rounding)

Step-by-step explanation:

8.3 / 4 = 2.08 kg of apples as it is 1/4 of 8.3

8.3 - 2.08 = 6.22 kg of pears

I need help plz math

Answers

Answer:

Q1 = 40

Step-by-step explanation:

Set up numbers from least to greatest

21, 40, 52, 58, 72, 75, 96

First, find the median,

Median is: 58

Now Q1 is all numbers before the median (without counting the median)

21, 40, 52

The median here is 40

Answer:

D/40

Step-by-step explanation:

The answer is D because if you were to put them in the correct order it would be

21, 40, 52, 58, 72, 75, 96

      Q1        Q2       Q3

Q1 is quartile 1 so the answer is 40

Hope this helps!

Which of the following is a TRUE statement about check cashing stores?

Answers

did you attach a photo?

Find the unit rate.. If a family travels in their mini-van for 465 miles and uses 15 gallons of gas what is the mileage per gallon?
10 points

Answers

465 miles 15 galons
x miles 1 gallon
x=465•1/15
x=465/15
x=31
Rate is 31 mirage per gallon

What percent of 84 is 42

Answers

Sorry if I’m wrong but i believe it’s 50.

circle A is defined as (x+5)^2+(y-6)^2=16, and circle B is defined as (x+3)^2+(y+2)^2=9. which transformation of circle A shows that circle B is similar

Answers

Answer: the answer is D “The center of circle A is translated left 2 and up 8, and the radius is enlarged by a scale factor of 4/3.”

Step-by-step explanation:

Please answer this question:

1.)
[tex] {3}^{n + 2} + \: ({3}^{n + 3} - \: {3}^{n + 1})[/tex]
2.)
[tex] \frac{( {25}^{ - 1} + ( {25}^{ - 2})}{( {625}^{0} + ( {25}^{ - 2} )}[/tex]
hope you can help me. thank you in advance. I'll give the brainliest. ​

Answers

Answer:

[tex] {3}^{n + 2} + \: ({3}^{n + 3} - \: {3}^{n + 1} ) \\{ 3 }^{n + 2} + {3}^{n + 1} ({3}^{2} + 1) \\ {3}^{n + 2} + {3}^{n + 1} (9 + 1) \\ {3}^{n + 1} (3 + 10) \\ {3}^{n + 1} 30 \\ {3}^{n} \times 3 \times 30 = 90 \times {3}^{n}[/tex]

second one 13/313

A line has a slope of 2 and y-intercept of -3/4 . Which if the following is an equation of the line ?

Answers

Answer:   y = 2x - 3/4

Step-by-step explanation:

y = mx + b where m is the slope, and b is the y-intercept.

y = 2x - 3/4

Find the rate of change in table plsss helppp!!!!

Answers

Answer:

.25 is the answer

Step-by-step explanation:

.5/2=.25

I need help with the questions I circle only.

Answers

Answer:

3:12

4:36

Step-by-step explanation:

( pls dont report me let me kno if it wrong and i will fix it

Not SUV= 12

I didn’t get the last one

How could you correctly rewrite the equation 4(5 + 3) = 2(22 - 6) using the distributive property?

Answers

Answer:

We can correctly rewrite the equation: 4(5+3) = 2(22-6) by distributing each side.

4(5+3) = 2(22-6)

4(8) = 2(16)

32 = 32

Once you finish distributing each side, you can check to see if it is equal on both sides.

Step-by-step explanation:

Step-by-step explanation:

4(5 + 3) = 2(22 - 6)

4(8) = 2(16)

32 = 32

A private beach is 6/7 mile in length and 1/4 mile in width. What is the area of the private beach? (Don't forget to simplify)Immersive Reader
(20 Points)

Answers

6/28 is the answer

6x1=6
7x4=28
Hence 6/28 is the area

Can anyone help me with my homework

Answers

GFBH is the code

1 is -3,-2 which is G
2 is 3,4 which is F
3 is 2,0 which is B
4 is 1,-3 which is H

Help this is due today

Answers

I already study this so it is B. SAS
Answer C. SAS


Explanation

(20 points)
What is the measure of ^1?
☁︎
A:230
☁︎
B:130
☁︎
C:125
☁︎
D:115

Answers

Step-by-step explanation:

I want to say B) 130 but not 100% sure. Sorry if my answer is wrong.

3^x=2 solve for x without using calculating utility?

Answers

x= 3^x=2

x= log 3^2

x= log2/log3

x= 0.630930


If Q1=5 and Q3=15, what is the Interquartile range (IQR) and what does it tell you about the data?​

Answers

It would be 15-5=10 that is because you subtract q3-q1

Hello I need help plese

Answers

Answer:

SA of the sphere is 1333.17 and SA of the circle is 333.29

Step-by-step explanation:

At burns high school 3/5 of the students are females of the female students 1/3 of them play volleyball what fraction of the students in burn high school are girls that play volleyball

Answers

3/5 of  1/3 means 3/5 x 1/3

[tex]\frac{3}{5} \times \frac{1}{3} = \frac{3}{15}[/tex]

3/15 simplifies to 1/5

So 1/5 of the students in the high school are girls who play volleyball

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