Becky Anderson must pay a lump sum of $6000 in 5 yr. If only $5000 is available to deposit right now, what annual interest rate is necessary for the money to increase to $6000 in 5 yr?

Answers

Answer 1

Hello!

Out equation is: [tex]A=P(1+\frac{r}{n} )^t^n[/tex]

A= 6000

P=5000

N=1

T=5

R= What we are trying to find

This means we will have [tex]6000=5000(1+r)^5[/tex]

Divide both sides by 5000:

[tex]\frac{6000}{5000} = (1+r)^5[/tex]

Move the power to the other side by rooting both sides:

[tex]\frac{6000}{5000} ^1^/^5 = 1+r[/tex]

Subtract 1 from both sides:

[tex]\frac{6000}{5000} ^1^/^5 -1 = r[/tex]

Now we just need to calculate: R = 0.03713728...

I don't know how many decimal places you can have, but I will round to 2. This will give you an Interest Rate of 3.71%.

I hope this helps! :)

Answer 2
I agree with him so he haves the answer correct

Related Questions

If £15=$20 and $5=390 find the number of pounds that can be exchanged

200​

Answers

Mark as braianlist

15 multiple by 5 equal 75 -390 equal 315 -15equal 200

How many ways can four marbles be chosen from a set of five marbles?

Answers

Answer:

120

Step-by-step explanation:

5x4x3x2x1=120

Just answer the questions please

Answers

Answer:

1)( y= 0.12 * x )             y(dependent) , x(independent)                                                                     2)  x=150 : y=18  /  x=300 : y=36  / x=450 : y=54  /  x=600 :   y=72  /  x=750 : y=90 / x=900 : y=108                                                                                                  3) 300+750+1050=2100 pound

 2100*0.12=252 pound food they need to eat in each day

252*7=1764 pound in each month

What is the formula for margin of error?

Answers

Answer:

ME = z*s /√n

Step-by-step explanation:

The margin of error is obtained as the product of the critical value of the distribution at a certain α-level and the standard error :

The critical value = Z*

The standard error = standard deviation / √sample size

Standard deviation = s

Sample size = n

Margin of Error = z * s/√n

What lines are parallel?

Answers

Answer:

Parallel lines are lines that never intersect or touch

No image? No help. Sorry if this doesn’t help

A vending machine dispenses coffee into a twenty-ounce cup. the amount of coffee dispensed into the cup is normally distriubuted with a standard deviation of 0.03 ounce. You can allow the cup to overfill 2% of the time. What amount should you set as the mean amount of coffee to be dispensed?

Answers

Answer:

x=20.938

Step-by-step explanation:

-2.053748911 = (x - 21)/.03

x=20.938

|x|+|x+1|+|x+2|+|x+3|+...+|x+2021=2021x

Answers

Answer:

jo pahle wale X hai na na X + x plus 1 unhen Yad Karke answer 1 aaega FIR X + 2 =_= + 3 X + 3 yah answer Aaya 1 or 2 X + ka ok

Step-by-step explanation:

FIR hai x+ x and ++ 2021 x

2021x

FIR + Kannan donon ko x

ans

x - 3 X

x - 4042

yah answer aayega ine donon ka the solve this question ok friend

What are the measures of Angles a,b, and c? show your work and explain your answers.​

Answers

Answer:

a=35

b=55

c=110

Step-by-step explanation:

a=35

Opposite angles which are non-adjacent angles formed by two intersecting lines are equal

b+35+90=180 sum of interior angle of a triangle equal to 180

b=180-125

  =55

c+70=180  Angles on a straight line add up to 180°

c=180-70

 =110

(sin 10° + cos 10º)2 - 2 sin 80°cos 80°​

Answers

Answer

the simplied form of the given question is 1

In the figure, triangles ABC and DEF are congruent.
Find the measure of DF.
a. 13m
b. 13m
c. 7m
d. 13.928m
Please show work to help me understand.

Answers

Answer:

since the two triangles are congruent..

AB=ED

AC=FD(side opposite to the right angle)

FD=AC

•°•FD=13m

Wesley is making a patio from stones of two sizes, 5 inch wide and 10 inch wide. He wants to begin and end his pattern with a 10 inch stone so there will be one more of the 10 inch stones than of 5inch stones. His patio will be 130 inches wide.

How many 10 inch stones will Wesley need for one row?

Answers

9514 1404 393

Answer:

  9

Step-by-step explanation:

If x is the number of 10-inch stones, then (x-1) is the number of 5-inch stones, and the total width is ...

  10x +5(x-1) = 130

  15x -5 = 130 . . . . . . . eliminate parentheses

  15x = 135 . . . . . . add 5

  x = 9 . . . . . . . divide by 15

Wesley will need 9 10-inch stones for one row.

(y - .18) x .08 = needing help

Answers

Answer:

0.08y - 0.0144

Step-by-step explanation:

We need to solve the below expression i.e.

(y - .18) x .08

It can be done as follows :

Using distributive property to solve it.

(y - .18) x .08 = 0.08(y) - 0.18(0.08)

= 0.08y - 0.0144

So, the equivalent expression is 0.08y - 0.0144.

The polynomial P is graphed.
5+
P
4+
3

-3
-2
-1
1
-2+
-3+
-4-
What is the remainder when P(x) is divided by (x + 2)?

Answers

Answer:

-4

Step-by-step explanation:

The remainder when P(x) is divided by (x + 2) is P(-2) which is - 4

anyone know the answer?

Answers

Answer:

C

Step-by-step explanation:

As the graph is shifted to the left, x -> (x+4)

g(x) = (x+4)^2+5(x+4)-6

Find the nominal rate jm equivalent to the annual effective rate j, if (a) j= 6%, m = 2; (b) j = 9%, m = 4; (c) j = 10%, m = 12; (d) j = 17%, m = 365; (e)j = 8%, m = 52; j = 11.82%, m = 00. Ans. (a) 5.91%; (b6) 8.71%; (e) 9.57%; (d) 15.70%; (e) 7.70%:

A consumer buys goods worth $1500, paying $500 down and $500 at the end of 6 months. If the store charges interest at j1a = 18% on the final payment will be necessary at the end of one year? ​

Answers

Peer maamanana is the Jane homier

help me please. who ever answers gets brainliest​

Answers

Answer:

32

Step-by-step explanation:

(4x6)/2+(2x2)/2+2x2+(2x6)/2

A spring has natural length 20 cm. Compare the work W1 done in stretching the spring from 20 cm to 30 cm with the work W2 done in stretching it from 30 to 40 cm. (Use k for the spring constant) How are W2 and W1 related?

Answers

Answer:

W₂ is three times W₁ (W₂ = 3W₁)

Step-by-step explanation:

Applying,

W = ke²/2............. Equation 1

Where W = workdone in stretching the spring, k = spring constant, e = extension.

For W₁,

W₁ = ke₁²/2

Given: e₁ = 30-20 = 10 cm = 0.1 m

Substitute these value into equation 1

W₁ = k(0.1²)/2

W₁ = 0.005k Joules

For W₂,

W₂ = (ke/2)-W₁

Given: e = (40-20) = 20 cm = 0.1 m

Substitute these value into equation 1

W₂ = (k×0.2²/2)-0.005

W₂ = 0.015k Joules.

W₂/W₁ = 0.015k/0.005k

W₂/W₁ = 3

Therefore,

W₂ = 3W₁

The figure shows an equilateral triangle with its sides as indicated. find the length of each side of the triangle .

I Will Mark Brainliest​

Answers

Answer:

21

Step-by-step explanation:

All three sides are equal

2x-7 = x+y-9 = y+5

Using the last two

x+y-9 = y+5

Subtract y from each side

x+y-9-y = y+5-y

x-9 = 5

Add 9 to each side

x -9+9 = 5+9

x=14

We know the side length is

2x-7

2(14) -7

28-7

21

The side length is 21

Point C partitions AB into two parts so that the ratio of the length of AC to the length of CB is 1:5. What are the coordinates of point ?
Select and drag a number to each empty box to correctly complete the coordinates of point
The coordinates of point C are?

Answers

9514 1404 393

Answer:

  C(-1, -4)

Step-by-step explanation:

We want ...

  AC/CB = 1/5

  5(C-A) = B-C . . . . multiply by 5CB

  6C = B +5A . . . . . add 5A-C

  C = (B +5A)/6 . . . divide by 6

  C = ((4, 6) +5(-2,-6))/6 = (4-10,6-30)/6 = (-6, -24)/6

  C = (-1, -4)

Express the equation 5(x-8)^2=y-12 in the form y=a(x-h)+k, then identify a,h, and k.

Answers

9514 1404 393

Answer:

y = 5(x -8)^2 +12a=5h=8k=12

Step-by-step explanation:

  5(x-8)^2=y-12 . . . . given

  y = 5(x -8)^2 +12 . . . . add 12

Comparing to the required form, we see that ...

a = 5h = 8k = 12

What is the area of the trapezoid?

Answers

Answer:

A=a+b

2

Step-by-step explanation:

To find the area of a trapezoid, multiply the sum of the bases (the parallel sides) by the height (the perpendicular distance between the bases), and then divide by 2.

My son is 31 years younger than me. In one years time my son's age will be one quarter my current age. How old am I? ​

Answers

I want to say 128 but I feel like that is wrong

!!PLEASE ANSWER ASAP!!

Simplify 1 - x - X/1

A) X
B) 1
C) 0

Answers

C because it needs it

Solve for x

6x + 11= - (6x + 5)

Answers

Answer:

x = -4/3

Step-by-step explanation:

6x + 11 = -6x - 5

12x = -16

x = -4/3

Answer:

x = -4/3

Step-by-step explanation:

6x + 11= - (6x + 5)

Distribute the minus sign

6x+11 = -6x-5

Add 6x to each side

6x+11 +6x = -6x-5+6x

12x+11 = -5

Subtract 11 from each side

12x+11-11 = -5-11

12x = -16

Divide by 12

12x/12 = -16/12

x = -4/3

I WILL MARK AS BRAINLIES

PLEASE HELP ME AND BE CORRECT BEFORE ANSWERING

Answers

Answer:

Both are true

Step-by-step explanation:

Both are true

Question 2 of 10
Which pair of functions are inverses of each other?
O A. f(x) = i +15 and g(x) = 12x - 15
O B. f(x) = - 10 and g(x) = 2410
O C. f(x) = y3x and g(x) = (3) 3
O D. f(x) = 11x- 4 and g(x) = 4
SUBMIT

Answers

Answer:

option c f(x)=-10and g(x)=2410

w • (-4+ z) = mz + 17
z = ____

solve for z.

ps.. pls help me lol. i need the answer

Answers

Answer:

z =  (17+4w)/(w-m)

Step-by-step explanation:

w • (-4+ z) = mz + 17

Distribute

-4w +wz = mz+17

Subtract mz from each side

-4w +wz - mz = mz+17-mz

-4w +wz-mz = 17

Add 4w to each side

-4w +4w+wz-mz = 17+4w

wz-mz = 17+4w

Factor out z

z(w-m) = 17+4w

Divide by (w-m)

z(w-m)/(w-m) = (17+4w)/(w-m)

z =  (17+4w)/(w-m)

700,000 rounded to the nearest hundred thousand

Answers

Answer:

700,000

Step-by-step explanation:

700,000 is already a 100,000, therefore there is no rounding to do.

Answer:

700,000 is the answer

Step-by-step explanation:

Ben travels a regular distance of 80 miles to reach office. Today, he used an alternative route that covered a distance of only 75 miles. What is the decrease in the percentage of the distance travelled by ben

Answers

Answer:

Ben traveled 93.75% of his usual distance.

Step-by-step explanation:

Given that Ben travels a regular distance of 80 miles to reach office, and today he used an alternative route that covered a distance of only 75 miles, to determine what is the decrease in the percentage of the distance traveled by Ben, the following calculation must be done:

80 = 100

75 = X

75 x 100/80 = X

93.75 = X

Therefore, Ben traveled 93.75% of his usual distance.

Destiny just received two separate gifts from her great-great-grandmother.
The first gift is a box of 18 chocolate candy bars, and the second gift is a pack of 12 cookies.
Destiny wants to use all of the chocolate candy bars and cookies to make identical snack bags for her cousins.
What is the greatest number of snack bags that Destiny can make?

Answers

Answer:

Destiny will be able to create 12 identical snack bags.

Step-by-step explanation:

Given that a snack bag will be 1 chocolate candy bar, and 1 cookie, we have to subtract 1 chocolate for every cookie she has, and that will leave us with 6 chocolate bars left. The equation for this is 18 - 12 = 6.

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