Find the required annual interest rate to the tenth of a percent for $5200 to grow to $6500 if interest is compounded quarterly for five years

Answers

Answer 1
It must be invested at 4.5%.

The compound interest formula is

A=p(1+(r/n))^(nt), where A is the total amount including interest earned, p is the principal invested, r is the rate, n is the number of times per year the interest is compounded, and t is the number of years.

With our information we have:

6500=5200(1+(r/4))^(4×5)

6500=5200(1+(r/4))^20

Cancel 5200 by dividing:
6500/5200 = [5200(1+(r/4))^20]/5200
1.25=(1+(r/4))^20

Using a calculator, take the 20th root of each side:

1.25^(1/20) = [(1+(r/4))^20]^(1/20)
1.011219651 = 1+(r/4)

Subtract 1 from each side:
1.011219651-1 = 1+(r/4)-1
0.011219651=r/4

Multiply each side by 4:
0.011219651×4 = (r/4)×4
0.0448786 = r
0.045 = r
Answer 2

Final answer:

After rearranging the formula and solving for the interest rate, the required rate is found to be approximately 4.7%.

Explanation:

The subject of this question is finding the required annual interest rate that will grow a principal amount of $5,200 to $6,500 when compounded quarterly over five years. To solve this, we shall use the compound interest formula:

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

Where:A is the amount of money accumulated after n years, including interest.

P is the principal amount (the initial amount of money).

r is the annual interest rate (decimal).

n is the number of times that interest is compounded per year.

t is the time the money is invested for, in years.

We are given:

A = $6,500

P = $5,200

n = 4 (since interest is compounded quarterly)

t = 5 years

We need to solve for r. First, we rearrange the formula to isolate r:

(1 + r/n) = (A/P)[tex]^({1/(nt))}[/tex]

Then we can insert our known values and solve for r:

(1 + r/4) = ($6,500/$5,200)^(1/(4*5))
Calculate the right-hand side:

(1 + r/4) = (1.25)[tex]^({1/20)}[/tex]
Find the 20th root of 1.25:

(1 + r/4) ≈ 1.01168
Subtract 1 from both sides:

r/4 ≈ 0.01168
Multiply both sides by 4:

r ≈ 0.04672

Convert the decimal to a percentage:
r ≈ 4.672%
Round to the nearest tenth of a percent:

r ≈ 4.7%
Therefore, the required annual interest rate to the tenth of a percent for $5200 to grow to $6500 with interest compounded quarterly for five years is approximately 4.7%.


Related Questions

The general term for the sequence 2, 4, 8, 16, 32, . . . is

Answers

We are given

sequence is 2 , 4 , 8 ,16 , 32 , .....

Firstly , we will check whether it is geometric sequence

Checking geometric sequence:

We will find common ratio between successive terms

and then we check whether they are equal

r1=(second term)/(first term)

[tex] r_1=\frac{4}{2}=2 [/tex]

r2=(third term)/(second term)

[tex] r_2=\frac{8}{4}=2 [/tex]

r3=(fourth term)/(third term)

[tex] r_3=\frac{16}{8}=2 [/tex]

r4=(fifth term)/(fourth term)

[tex] r_4=\frac{32}{16}=2 [/tex]

we can see that all four ratios are same

[tex] r_1=r_2=r_3=r_4=2 [/tex]

so, this is geometric sequence

Calculation of general term:

We got

common ratio is

[tex] r=2 [/tex]

Let's assume

number of terms is n

first term is 2

[tex] a_1=2 [/tex]

now, we can use formula

[tex] a_n=a_1 (r)^{n-1} [/tex]

we can plug values

and we get

[tex] a_n=2(2)^{n-1} [/tex]

[tex] a_n=2^1(2)^{n-1} [/tex]

[tex] a_n=(2)^{n-1+1} [/tex]

[tex] a_n=(2)^{n} [/tex]..................Answer


Answer:

a1: 2     r1: 2

Step-by-step explanation

just did it on edge :)

the answer for the second part is the 1st and 4th formulas

 

Let f(x)=81+3e−0.7x .

What is the value of f(−3) ?



Round the answer to the nearest hundredth.

Answers

Answer:

[tex]f(-3)=91.25[/tex]

Step-by-step explanation:

Given :f(x)=81+3e−0.7x

To Find: Value of f(−3)

Solution:

[tex]f(x)=81+3e−0.7x[/tex]

Putting x = -3

[tex]f(-3)=81+3e−0.7*(-3)[/tex]

[tex]f(-3)=81+3e+2.1[/tex]

[tex]f(-3)=83.1+3e[/tex]

Since the defined value of e = 2.718

⇒[tex]f(-3)=83.1+3*(2.718)[/tex]

⇒[tex]f(-3)=83.1+8.154[/tex]

⇒[tex]f(-3)=91.25[/tex]

Thus the value of [tex]f(-3)=91.25[/tex]

Answer:

5.85

Step-by-step explanation:

A Glass paperweight has the shape of a triangular prism. The bases are equilateral triangles with side lengths of 4 inches and a height of 3.5 inches. The height of the prism is 5 inches. find the lateral area and the total surface area of the paperwork.

Answers

Final answer:

The lateral area of the triangular prism is 21 square inches and the total surface area is 35 square inches.

Explanation:

To find the lateral area of the triangular prism, we need to calculate the area of all three sides excluding the bases. Since the bases are equilateral triangles with side lengths of 4 inches, the area of each base is ½ × base length × height = ½ × 4 × 3.5 = 7 square inches. The lateral area is the sum of the areas of the three sides, which is 3 × 7 = 21 square inches.

The total surface area of the prism includes the bases as well. So we need to calculate the area of the two triangular bases and add it to the lateral area. The total surface area is 2 (area of base) + lateral area = 2 × 7 + 21 = 35 square inches.

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The lateral area of the triangular prism is 60 square inches, and the total surface area is 74 square inches.

To find the lateral area and total surface area of a triangular prism:

Step 1: Calculate the Area of One Triangular Base

The base is an equilateral triangle with sides of 4 inches and a height of 3.5 inches. The area of an equilateral triangle is calculated using the formula:

        [tex]Area = \frac{1}{2}*base*height[/tex]

So the area is:

       [tex]Area = \frac{1}{2} *4\ in*3.5\ in = 7\ square\ inches[/tex]

Step 2: Calculate the Perimeter of the Base

The perimeter of the base is:

        Perimeter = 3 * side length = 3 * 4 in = 12 inches

Step 3: Calculate the Lateral Area

The lateral area of a prism is given by:

        Lateral Area = Perimeter * height of the prism

Therefore, the lateral area is:

        Lateral Area = 12 in * 5 in = 60 square inches

Step 4: Calculate the Total Surface Area

The total surface area is the sum of the lateral area and the areas of the two triangular bases:Total Surface Area = Lateral Area + 2 * Area of one baseTotal Surface Area = 60 square inches + 2 * 7 square inches = 74 square inches

Thus, the lateral area and total surface area are 60 square inches and 74 square inches.

can someone help me with this

Answers

Volume= (4/3)(3.14)(r)^3

You already know what pi is, so figure out what the radius is.

Radius= diameter divided by 2

When you get your answer, substitute that for “r”, and then raise it to the third power, then multiply that by 3.14

Multiple your answer by 4, then divide by 3 and that should be your answer

Don’t forget to round.

I hope this was helpful

convert 35/8 to a decimal using long division

Answers

first take 35 and put it in the house. 8 goes into 3, 0 times. 8 goes into 35, 4 times . 35 - 32 = 3 add 0. 8 goes into 30, 3 times. 30 - 24 = 6 add 0. 8 goes into 60, 7 times 60 - 56 = 4 add 0. 8 goes into 40, 5 times 40 - 40 = 0. therefore the answer is 4.375

^^I have no idea what this is, means or is asking so help please, thanks!

Answers

When multiplying two expressions like this that have the same base and different exponents, just add the two exponents together. 
If you rewrite this, it is now [tex] 9^{9} [/tex]. 
Hope this helps!
[tex]9^{-3}9^{12}=9^{-3+12}=9^9[/tex]

Order the sides or angles of the triangle from least to greatest

Answers

Sides:6.7,9.3,9.5

Tell me if that helps

18 out of 24 of Emils CDs are country music 5 out of 8 of Imanis CDs are country music. Which is a true statement A Half of each CD coleection consists of country music B less than half od ech CD collection consists of country music E Emil has a greater fraction of country music than Imani
D imani has greater fractionof country music than Emil which one is true A B C or D

Answers

Answer:
The third choice is the correct one : Emily has a greater fraction of country music than Imani.

Explanation:
For Emily:
18 out of 24 of the CDs are country music.
This means that the ratio is 3/4 which greater then 1/2

For Imani:
5 out of 8 of the CDs are country music
This means that the ratio is 5/8 which is also greater than 1/2

Now, let's check the choices:
First choice:
Half of each CD collection consists of country music.
This choice is wrong as we have noted that the ratio for both is greater than 1/2

Second choice:
less than half of each CD collection consists of country music.
This choice is wrong as we have noted that the ratio for both is greater than 1/2

Third choice:
Emily has a greater fraction of country music than Imani.
Emily - Imani = 3/4 - 5/8 = 1/8
This means that Emily has more country music than Imani
Therefore, this choice is correct

Fourth choice:
Imani has greater fraction of country music than Emil.
This choice is wrong as we have noted in the third option that Emily has a larger fraction.

Based on the above:
The third choice is the correct one.

Hope this helps :)

Shaquira is baking cookies to put in packages for a fundraiser. Shaquira has made
86 chocolate chip cookies and
42 sugar cookies.
Shaquira wants to create identical packages of cookies to sell, and she must use all of the cookies.
What is the greatest number of identical packages that Shaquira can make?

Answers

Answer:

2

Step-by-step explanation:

To be able to find the greatest number of identical packages that Shaquira will be able to make, we first need to find the prime factors of the Chocolate Chip Cookies and Sugar Cookies.

86 Chocolate Chip Cookies

42 Sugar Cookies

Let's take the 86 Chocolate Chip Cookies first.

[tex]86 \left \{ {{2} \atop {43}} \right.[/tex] or 86 = 2 x 43

Now let's take the Sugar Cookies.

[tex]42 \left \{ {{2} \atop {21\left \{ {{3} \atop {7}} \right. }} \right.[/tex] or

42 = 2 x 3 x 7

Now that we have the prime factors, we then look for the Greatest Common Factor between the sets of prime factors.

2 x 3 x 7 = 42

2 x 43     = 86

2  = Total number of identical packages.

Answer:

2

Step-by-step explanation:

Jane biked 34 miles in 2 hours. At this rate, how far could she bike in 5 hours?
13.6 mi

37 mi

76 mi

85 mi

Answers

85 because 34 divided by 2 is 17 which means hes going 17 an hour. 17 times 5 is 85.
I think it is 85mi yeah i hope I answered your question!lol

Find the product of (3x + 7y)2. 9x2 − 42xy + 49y2 9x2 − 49y2 9x2 + 49y2 9x2 + 42xy + 49y2

Answers

using(a+b)^2 = a^2 + 2ab = b^2

so

(3x + 7y)^2
= 9x^2 + 42xy + 49y^2

answer
9x^2 + 42xy + 49y^2

Answer:

[tex]9x^{2}+42xy+49y^{2}[/tex]

Step-by-step explanation:

we know that

[tex](a+b)^{2}=a^{2}+2ab+b^{2}[/tex]

In this problem we have

[tex](3x+7y)^{2}[/tex]

so

[tex]a=3x[/tex]

[tex]b=7y[/tex]

substitute

[tex](3x+7y)^{2}=(3x)^{2}+2(3x)(7y)+(7y)^{2}[/tex]

[tex]=9x^{2}+42xy+49y^{2}[/tex]

What’s the first 200 digits of pie?????????

Answers

3.14159265358979323846264338327950288419716939937510582097494459230781640628620899862803482534211706798214808651328230664709384460955058223172535940812848111745028410270193852110555964462294895493038196
3.
1415926535
8979323846
2643383279
5028841971
6939937510
5820974944
5923078164
0628620899
8628034825
3421170679
8214808651
3282306647
0938446095
5058223172
5359408128
4811174502
8410270193
8521105559
6446229489
5493038196

The equation d=60t gives the distance d (in miles) a car travels after t hours. Identify the independent and dependent variables.

Answers

independent variable: hours (t)

dependent variable:  distance (h)

The required d is the dependent variable and t is the independent variable.

What is equation?

In mathematics, an equation is a statement that asserts the equality of two expressions. It typically contains one or more variables, which represent unknown values.

In the equation, d=60t, t is the independent variable and d is the dependent variable. The value of d depends on the value of t, which is the amount of time the car travels, and hence is the independent variable.

Thus, d is the dependent variable and t is the independent variable.

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If a scientist knows the relative age of a fossil, he can also know A. the type of climate from which it came. B. the relative age of the rock where it was found. C. how it became extinct. D. how long the organism was alive. 
its science but it made me pick math

Answers

B is your answer to the question!

Answer:

the relative age of the rock where it was found.

Explanation:

Study Island

Suppose all left-handed people are excluded from a sample. What is this an example of?

A. Selection bias
B. Response bias
C. Nonresponse bias
D. Nonselection bias

Answers

Answer: A . selection bias

Step-by-step explanation:

The table shows the membership of two scout troops.

a. What is the percent of change in membership from 2010 to 2011 for Troop A? Round to the nearest tenth of a percent, if necessary.

b. What is the percent of change in membership from 2010 to 2011 for Troop B? Round to the nearest tenth of a percent, if necessary.

c. Which troop has the better record in terms of the number of new members?

d. Which troop has the better record in terms of the percent of change in membership?

Answers

The correct answers are:

A) 14.3%
B) 14.3%
C) Troop B
D) They are equal.

Explanation:

A) The percent of change is given by:
[tex]\frac{\text{amount of change}}{\text{original amount}}\times 100[/tex]

For Troop A, the amount of change is 16-14=2; the original amount is 14. This gives us:
[tex]\frac{2}{14}\times 100=14.3 \%[/tex]

B) The amount of change for Troop B is 24-21=3; the original amount is 21. This gives us:
[tex]\frac{3}{21}\times 100=14.3\%[/tex]

C) Troop A gained 2 more members, while Troop B gained 3; Troop B gained more new people.

D) Since the percent of change for each troop was equal, they both had an equal record in terms of percentage of new members.

Answer:

a. What is the percent of change in membership from 2010 to 2011 for Troop A?

[tex]\frac{16-14}{14}*100[/tex] = 14.28%

b. What is the percent of change in membership from 2010 to 2011 for Troop B?

[tex]\frac{24-21}{21}*100[/tex] = 14.28%

c. Which troop has the better record in terms of the number of new members?

Troop B.

d. Which troop has the better record in terms of the percent of change in membership?

Both have the same percentage change.

Use a strategy to solve this problem. (Note: I seriously need help and this is due on Sunday!!)

Ian is given some red licorice that is wrapped in a coil. Upon flattening the licorice, Ian discovers that the total length is 60 cm. He then cuts the licorice into two pieces so that the ratio of the lengths of the two pieces is 7:3. Each piece is then bent to form a square. What is the total area of the two squares?

Answers

You may feel somewhat overwhelmed right now, because this question is giving the reader lots of information and tasks in a short paragraph. Let's break it down into pieces.

1. First, let's find the ratio of the lengths.

Since the ratio is 7 to 3, we can find the length of each licorice piece by setting its proportion over 10, since that is the sum of the ratio. Thus, one licorice piece has a length of 60 * 7/10 = 42 cm and the other has a length of 60 * 3/10 = 18 cm.

2. Now, let's create our squares.

Each piece is bent to form a square. In other words, the pieces is split into 4 equal sides. Thus, we can divide our lengths by 4. The first piece of licorice made into a square has side lengths of 42/4 = 10.5 cm. The second piece of licorice has side lengths of 18/4 = 4.5 cm.

3. Finding the area of our squares.

Now, all we need to do is find the sum of the areas of the squares. The first square has an area of [tex]10.5^2 = 110.25[/tex] cm^2 and the second square has an area of [tex]4.5^2 = 20.25[/tex] cm^2. Thus, our answer is 130.5 cm^2.

2. Jamie is the starting pitcher for his baseball team. The coach recorded the number of pitches he threw in one game. Each pitch is either a ball, strike or hit. The coach recorded that 54 pitches, or 60%, were strikes. What is the total number of pitches that Jaime threw in this game?

Answers

90, because 60% of 90 is 54

Answer:

90

Step-by-step explanation:

:)

How many triangles can be constructed with angles measuring 120°, 40°, and 10°?

A. One

B. None

C. More than one

Answers

B.none because if you add up all the angles it doesn't equal 180 degrees

B. None.

The sum of the interior angles in a triangle always add up to 180°. In the question the angles add up to 170°, and therefore it is impossible to form a triangle with this interior angles.

4/7x = 64
Answer for x

Answers

x = 112  

                      

This is because

4/7x = 64 

7/4 x 4/7 = 64/1 x 7/4                        

1x= 448/4                                           

x = 112                          
Hey there!

To solve this, divide 64 and 4/7 . . .

64 = 64/1

4/7 = 4/7

64 x 7 = 448

1 x 4 = 4

Simplifying 448/4 . . .

448/4 = 112 <--------

112= x
x = 112

Hope this helps you.
Have a great day!


Solve the equation 2^(3−2) +4=16.

Please show all work.

Answers

2^(3-2)+4=16

2^(1)+4=16
2+4=16
6=16

6 \= 16
(unequal)

the diagram shows the shape of the green of a miniature golf hole. what is the area of the green?

Answers

To answer this you will find the areas of the trapezoid and the parallelogram separately. You will add them together to get the total area of the green. You could put this all together as one equation too! The answer is 100 square feet. Please see the attached work.

The area of green of golf course can be found by summing the area of pieces like that given rectangles and triangles.

The resultant area of the green of the golf course is given by:

100 sq. feet

Composing the area:

You have to calculate the area of those smaller pieces to find the total area of the green of the golf course.

Total area = sum of area of trapezoid and  parallelogram.

The trapezoid in left of figure has height of 4 feet and parallel sides of 8 feet and 12 feet respectively.

Thus:

Area of trapezoid = [tex]\dfrac{1}{2}.\text{sum of parallel sides} \times height[/tex]

Area of trapezoid = [tex]\dfrac{1}{2}.4.(12+8) = 40 \: \rm feet^2[/tex]

The parallelogram on left has height 4 feet and base is of 15 feet.

Thus:

Area of parallelogram = [tex]\text{base} \times \text{height}[/tex] = [tex]4 \times 15 = 60 \: \rm feet^2[/tex]

Thus,

Total area = 40 + 60 = 100 sq. feet.

The resultant area of the green of the golf course is given by:

100 sq. feet

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IF Mary had 500.004 in the bank and earns an annual interest rate of 2%, how much will she earn in one year?

Answers

0.02*500.004 = 10.00008

Mary's account would be credited with $10.00 interest for the year.

Sam owns a small business. There was a loss of $16 on Thursday and a loss of $9 on Friday. On Saturday there was a loss of $5, and on Sunday there was a profit of $27. Find the total profit or loss for the 4 days.

Answers

there was a loss of $3 for the 4 days
Profit - Total Loss = profit

27 - (16 + 9 + 5) = -3

Sam Lost $3 (or Sam Earned -$3)


Which expressions are equivalent to 3(x + 3y + 2x − y )?
3(3x + 2y) and 9x + 6y
3(3x + 4y) and 9x + 12y
3(x + 4y) and 3x + 12y
3(x + 2y) and 3x + 6y


HELP ASAP

Answers

3(3x+2y) and 9x+6y.....

Hello,

The correct answer is A) 3(3x + 2y) and 9x + 6y

Hope this helps!!!! (:

Barry’s mountain bike weighs 6 pounds more than andy’s. Their bike weigh 42 pound together . Write an equation that represent the sum of weigh altogether.

Answers

Hi there!

Let equal the weight of Barry's mountain bike. Let equal the weight of Andy's mountain bike. 

b - 6 + b = 42

Since Barry's mountain bike weighs 6 pounds more than Andy's, we can say that Andy's mountain bike weighs - 6 pounds. Since both mountain bikes added together is 42 pounds, b - 6 + would be equal to 42. 

Hope this helps!

which of the following sets of numbers will form a right triangle A. 12,13,14 B. 15,16,18 C. 5,6,9 D.5,12,13

Answers

Your answer would be D i’m sure

Expand. Your answer should be a polynomial in standard form. 3h(−h 2 +2h−1)

Answers

-3h^3+6h^2-3h

Please note that ^ indicates exponents

Answer: -18h^2+85h-18

Step-by-step explanation:

does the orders pair (2,14) lie on the graph of y=12x?

Answers

If y=12x, the y coordinate should be 12 times the x coordinate. If x = 12, y should = 24. This is not the case in our ordered pair, therefore, the ordered pair does not fit into our equation.

Which mathematical property is demonstrated? 40 • (25 • 74) = (40 • 25) • 74
A. commutative property of addition
B. associative property of multiplication
C. associative property of addition
D. commutative property of multiplication

Answers

Well we know it can't be A nor C because we are doing multiplication. 
Now you have to understand that you are just changing the order of the numbers. 

The correct answer would be......
D

Answer:

d

Step-by-step explanation:

hope it helps

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