Matthew invested $4,700 in an account paying an interest rate of 3 3/8% compounded
monthly. Peyton invested $4,700 in an account paying an interest rate of 3 1/4%
compounded continuously. After 14 years, how much more money would Matthew
have in his account than Peyton, to the nearest dollar?

Answers

Answer 1

Answer:

$126

Step-by-step explanation:

We solve using Compound Interest formula

For Matthew

Matthew invested $4,700 in an account paying an interest rate of 3 3/8% compounded monthly.

P = $4700

R = 3 3/8 % = 3.375 %

t = 14 years

n = Compounded Monthly = 12

Hence,

First, convert R as a percent to r as a decimal

r = R/100

r = 3.375/100

r = 0.03375 rate per year,

Then solve the equation for A

A = P(1 + r/n)^nt

A = 4,700.00(1 + 0.03375/12)^(12)(14)

A = 4,700.00(1 + 0.0028125)^(168)

A = $7,533.80

For Peyton, we are using a different compound interest formula because it is compounded continuously

Peyton invested $4,700 in an account paying an interest rate of 3 1/4%

compounded continuously.

P = $4700

R = 3 1/4 % = 3.25%

t = 14 years

n = Compounded continuously

First, convert R as a percent to r as a decimal

r = R/100

r = 3.25/100

r = 0.0325 rate per year,

Then solve the equation for A

A = Pe^rt

A = 4,700.00e^(0.0325)(14)

A = $7,408.01

After 14 years, the amount of money Matthew would have in his account than Peyton, to the nearest dollar is calculated as:

$7,533.80 - $7,408.01

= $125.79

Approximately = $126 to the nearest dollar

Answer 2

Answer:

126

Step-by-step explanation:

126 to the nearest dollar


Related Questions

Divide 5/9 round to the nearest tenth

Answers

Answer:

0.55

Step-by-step explanation:

5 divided by 9 = 0.55

Answer:

0.6

Step-by-step explanation:

5/9=0.55555555555...

since the hundredth digit is a 5 you round up to 0.6

pls help me with this question guys, no links pls, thank you very much

Answers

Answer:

29.4

Step-by-step explanation:

mC = 180 - 46 - 105 = 29

By Law of Sines: c/sin C = a/sin A

19.8/sin 29° = a / sin 46°

19.8/0.484 = a/0.72

a = 29.45 ≈ 29.4

Use the distributive property to remove the parentheses.
- 4(5u - 3y-1)

Answers

Answer:

-20u + 12y + 4

Step-by-step explanation:

We have the equation -4(5u - 3y - 1) and are asked to use the distributive property to remove the parenthesis.

When using the distributive property, you have to multiply the number outside the parenthesis to all numbers inside the parenthesis, do as followed :

-4(5u - 3y - 1)

(5u(-4) -3y(-4) -1(-4))

-20u + 12y + 4

Brianna's teacher asks her which of these three expressions are equivalent to each other. which is equivalent

Answers

Answer:

Please specify what the three expressions are.

Step-by-step explanation:

From what I understand, you need to set the expressions equal to each other. For instance, if one is 2(x-3) and the other is 2x-6, you could write it as:

[tex]2(x-3)=2x-6[/tex]

Then, by evaluating it, you would get:

[tex]2x-6=2x-6[/tex] by distribution over subtraction.

[tex]2x-6+6=2x-6+6[/tex] by the additive property of equality

[tex]2x=2x[/tex] Simplify.

[tex]x=x[/tex] by the reflexive axiom.

Since x will always equal itself, 2(x-3) and 2x-6 are equivalent.

Therefore, if the expressions, once set equal to each other, result in the equation x=x, or any other expression in which one quantity equals itself, the two expressions are equal.

Sorry I could not be of more help, but you did not specify what the expressions were.

Solve
7+x/3 = 2x-5
Give all working out

Answers

X = 36/5
Or x = 7.2


21 + x = 6x - 15
21 = 6x - 15 - x
21 = 5x - 15
21 + 15 = 5x
36 = 5x
36/5 = x
7+x/3 = 2x-5

multiply both sides by 3

21+x =6x-15

move the 6

21+x-6x = -15

move the 21

x-6x = -15-21

combine like terms

-5x = -15-21

divide both sides:

-5x = -36


answer: x = 36/5

please do my question u get more points if the answer is right. if inappropriate you get reported NO LINKS and please EXPLAIN

Answers

Answer:

600

Step-by-step explanation:

Well, first you need to make a proportion which will be [tex]\frac{x}{6,000} = \frac{10}{100}[/tex]

x is what we need to find

6,000 is the total people who voted

10% is the percent of 18 to 29 years old

and 100% represents the circle graph because all circle graphs equal 100%

First, we use the cross multiply method, for instance, 6,000×10=60,000

Next, divide 60,000÷100 which is 600.

Therefore there are 600, 18 to 29 year olds who voted in the election.

In an examination, a student has to secure 40% marks to pass. Rahul gets 178 marks and fails by 32 marks. What are the maximum marks? Please explain in step-by-step procedure.

Answers

Answer:

210

please I beg of you if I'm wrong tell me I will try it out again it is just that I've never come across such a question so I just had the idea to try it have a good day.

f) –5 – 3( x + 1 ) = –( –4x + 1)​

Answers

Answer:

x = - 1

Step-by-step explanation:

Given

- 5 - 3 (x + 1) = - (- 4x + 1) ← distribute parenthesis on both sides

- 5 - 3x - 3 = 4x - 1

- 3x - 8 = 4x - 1 ( subtract 4x from both sides )

- 7x - 8 = - 1 ( add 8 to both sides )

- 7x = 7 ( divide both sides by - 7 )

x = - 1

Teresa is investing $20,000 in an account with 4.3% interest rate that is compounded monthly. How much money will she have if she takes her money out after 8 years?

Answers

Answer:

Teresa will have $28,200 if she takes her money out after 8 years.

Step-by-step explanation:

To be able to find the answer, you have to use the formula to calculate the future value:

FV=PV(1+i/n)^(n*t)

FV=future value

PV=present value= $20,000

i=interest rate= 0.043

n=number of compounding periods per time unit= 12

t=time in years= 8

Now, you can replace the values on the formula:

FV=20,000*(1+(0.043/12)^(12*8)

FV=20,000*1.41

FV=28,200

According to this, the answer is that Teresa will have $28,200 if she takes her money out after 8 years.

6_7/8 + 9_5/16 pls help

Answers

Answer:

it is 16_3/6

Step-by-step explanation:

basic addition.

I NEED HELP I AM DESPERATE PLEASE JUST HELP ME

THE AREA IS ___ SQUARE UNITS

Answers

Answer:

50 units

Step-by-step explanation:

First find the length and width by using distance formula.

QR = Square root of 25 =5

RS = Square root of 100 =10

Area = 10×5 = 50

Min has a shelf filled with books. The books have different thicknesses. This line plot shows the thickness of each book. He piles the four thickest books on top of each other. How thick is the pile?

Answers

Answer:

[tex]$2\frac{1}{4} \ inch$[/tex]

Step-by-step explanation:

We have the four thickest books from the line plot given by

Two books of [tex]$\frac{1}{2}$[/tex] inch thick and the two books of [tex]$\frac{5}{8}$[/tex] inch thickness.

So when the two [tex]$\frac{1}{2}$[/tex] inch thick book is being piled on the top of a [tex]$\frac{5}{8}$[/tex] inch thick books.

Therefore, the total thickness of the pile of books is given by :

[tex]$=2 \times \frac{1}{2}+2 \times \frac{5}{8}$[/tex]

[tex]$=\frac{9}{4}$[/tex]

[tex]$=2\frac{1}{4} \ inch$[/tex]

Therefore, the thickness of the pile is [tex]$2\frac{1}{4} \ inch$[/tex] .

The addition is one of the four fundamental mathematical operations. The thickness of the pile is 4.75 inches.

What is Addition?

The addition is one of the four fundamental mathematical operations, the others being subtraction, multiplication, and division. When two whole numbers are added together, the total quantity or sum of those values is obtained.

As per the given graph, the top four thickest books are:

2  books of thickness 1 1/8 inches2 books of thickness 1 1/4 inches

Therefore, the thickness of the pile is the sum of the thickness of the four books.

[tex]\text{The thickness of pile} = 1\frac18 +1\frac18 + 1\frac14 + 1\frac14\\[/tex]

                                 [tex]= \dfrac98 +\dfrac98 + \dfrac54 + \dfrac54\\\\= 4.75[/tex]

Hence, the thickness of the pile is 4.75 inches.

Learn more about Addition:

https://brainly.com/question/14092461

#SPJ5

Rowenas new kitten weights 12 times as much as her hamster. The conbines weight of the kitten and thw hamster is 468 grams. What is the weight of the kitten

Answers

Answer: 36

Step-by-step explanation: 36x12=432

432+36=468

which representation does NOT show y as a function of x

Answers

C does not show y as a function of X

work out giving your answer as a mixed number 4 1/6 + 2 3/4

Answers

The answer is 6 11/12

4 1/6 = 4 2/12
2 3/4 = 2 9/12

4 2/12 + 2 9/12 = 6 11/12

The answer in the mixed fraction form is  6¹¹/₁₂

What is a mixed fraction?

A fraction represented with its quotient and remainder is a mixed fraction. For example, 2 1/3 is a mixed fraction, where 2 is the quotient, and 1 is the remainder. So, a mixed fraction is a combination of a whole number and a proper fraction.

Given here, 4¹/₆+ 2³/₄ = 25/6 + 11/4

                                    = 50+33 / 12

                                    = 83/12

                                    = 6¹¹/₁₂

Hence the answer in mixed fraction is  6¹¹/₁₂

Learn more about mixed fraction here:

https://brainly.com/question/29264210

#SPJ2

Research studies show that the relationship between the tire pressure of a vehicle's tires and the life of the tires is
quadratic. The following table shows the recommended tire pressure of a car's tires (in pounds per square Inch) and its
anticipated tire life in thousands of miles),
Tire Pressure Tire Life
29
46.8
32
57,6
34
58.8
36
60.0
38
58.8
AN
570
52,8
Use a graphing or online regression calculator to find the quadratic function of best it for this set of data, What is the
value of a in this function?
o

Answers

Answer:c

Step-by-step explanation:

What is angle m1 and angle m2?

Answers

Answer:

1) 122 2)58

Step-by-step explanation:

Answer:

m1 = 122°

m2 = 58°

Step-by-step explanation:

angle 1 = 122° rule of vertical angles

180° -122° = 58°

If my answer is incorrect, pls correct me!

If you like my answer and explanation, mark me as brainliest!

-Chetan K

A restaurant has 50 tables.
40% of the tables have 2 chairs at each table.
The remaining 60% of the tables have 4 chairs at each table.

Complete the model.
Then complete the statements to find the total number of chairs in the restaurant.

Answers

Answer:

160

Step-by-step explanation:

2+2 is 4 - 60 - 10 is 50 so it 120%
Just trying to get more points this is not right

In 1920, a woman had 4 daughters. In 1950, each daughter had 3 daughters. In 1980, each of their daughters had 3 daughters. Finally, in 2010, each of their daughters had 3 daughters.

How many daughters were born in 2010? Explain how you determined your answer.

Answers

Answer:

108

I determined my answer by multiplying 4 x 3 x 3 x 3 = 108

Step-by-step explanation:

daughters born in 1950 = 4 x 3 = 12

daughters born in 1980 = 12 x 3 = 36

daughters born in 2010 = 36 x 3 = 108

PLEASE HELP ASAP. I NEED TO KNOW NOW
Detemine which equation has the same solutions as the equation below.

4x^​2+32x-28=0

Answers

Answer:

the answer is x1 = -4- square root of 23 x2= -4+ square root of 23

Pleas help!!!!!!!!!!

Answers

Yes B is the correct answer

The axis of symmetry for a certin parabola is x=-3

The vertex is (?,5) find the value of ?.

Answers

Answer:  (3,5)

Step-by-step explanation:

this dot plot is symmetric and the data set has no extreme values what is the best measures of center for this dot plot

Answers

Answer:

Step-by-step explanation:

all i know is that it is not the IQR maybe its the MAD but im not sure

Answer:

It's B

Step-by-step explanation:

I took the test and I got it right. No problem :D

When having the same radius and height what fraction of a cylinder have the same volume as one cone?

Answers

Answer:

1/3

Step-by-step explanation:

volume of a cylinder = nr^2h

Volume of a cone = 1/3(nr^2h)

n = 22/7

r = radius  

h = height

If the volume of a cylinder is 300, the volume of a cone = 1/3 x 300 = 100

the capacity of a cone is 1/3 that of a cylinder

A line passes through the points (1, 9) and (0, 4). What is its equation in slope-intercept

Answers

I need to see the pic put the pic on

Ms. Benton gives her students a reading list with 12 books. She requires
them to read 2 books from the list during the grading period. In how many
different ways can 2 books be chosen?

Answers

8

Step-by-step explanation:

A business has a savings account that earns a 3% annual interest rate. At the end of 1996, the business had $4,000 in the account. The formula
F = p (1+r/100)
t is used to determine the amount in the savings account.
F is the final amount,
p is the initial investment amount,
r is the annual interest rate, and
t is the time in years.
To the nearest dollar, how much did the business initially invest in 1991?
A. $3,450

B. $3,455

C. $4,631

D. $4,637

Answers

Answer:

The amount the business initially invested in 1991 is approximately;

A. $3,450

Step-by-step explanation:

The question relates to investment and finance

The parameters given are;

The annual interest rate on the business savings account = 3%

The amount the business had in the account at the end of 1996 = $4,000

The given formula used to determine the final amount in the savings account, [tex]F = p \cdot \left(1 + \dfrac{r}{100} \right )^t[/tex]

Where;

F = The final amount

p = The initial (principal) investment

r = The annual interest rate

t = The time in years

Therefore, we have;

The required information = The initial amount, 'p', the business invested in 1991

The time in years, 't', from 1991 to 1996 = 1996 - 1991 = 5

∴ The time in years from 1991 to 1996, t = 5 years

The final amount in 1996, F = $4,000

r = 3%

Plugging in the values in the given equation gives;

[tex]4000 = p\cdot \left(1 + \dfrac{3}{100} \right )^5[/tex]

Therefore;

[tex]p = \dfrac{4000}{\left(1 + \dfrac{3}{100} \right )^5} = 3,450.43513754[/tex]

To the nearest dollar, the initial amount the business invested in 1991, p ≈ $3,450.

If h = 2, what is 3x (4 - h)?​

Answers

Answer:

3x(2)

Step-by-step explanation:

6x

Sorry if I’m wrong

What does AB equal in this problem? It’s timed

Answers

Answer:

For angle B which is 50 degrees,

hypotenuse = AB =?

Adjacent = BC = 2 units......(given)

cos 50 = adjacent / hypotenuse

0.643 = 2 / AB. .....(as cos 50 = 0.643 approx)

AB * 0.643 = 2

AB = 2 / 0.643

AB = 3.11 units(approx)

Answer is 3.11 units

Solve with substitution. Show each step of your work

4x + y = 12
6x + 2y = 18

Answers

4x + y = 12
Get y by itself
Subtract 4x
y = -4x + 12

Since you know what y is, you can plug the value into the second equation

6x + 2(-4x + 12) = 18
6x - 8x + 24 = 18
-2x = -6
x = 3

Plug the value 3 into x for y = -4x + 12 in order to find y
-4(3) + 12 = y, y = 0

Solution: x = 3, y = 0
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