Hannah invested $4000 in a savings account that that earned 2% interest compounded quarterly. she determined that if she does not withdraw or deposit any more money, the value of the account at the end of 3 years will be $4244.83.what error did Hannah make in her calculations? what will her account balance be after 3 years

Answers

Answer 1

Answer:

Her account balance after 3 years is $4,246.71

Step-by-step explanation:

In this question, we are tasked with calculating what Hannah's account balance will be after 3 years and the error she made in her calculations

Mathematically, to calculate the account balance after 3 years, we use the formula for the compound interest as follows.

Mathematically, the amount A earned on a compound interest is calculated as

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

where A is the account balance after the number of years which is what we want to know

P is the initial amount invested which is $4000

r is the interest rate which is 2%(2/100 = 0.02) according to the question

n is the number of times interest is compounded per year which is 4(quarterly means every 3 months)

t is the number of years which is 3

We plug the values into the question;

A = 4000(1 + 0.02/4)^(3)(4)

A = 4000(1+0.005)^12

A = 4000(1.005)^12

A = $4,246.71

P.S ; I do not see Hannah's calculation and as such I cannot spot where she made the error in her calculations

Answer 2

Final answer:

Hannah made a calculation error; the correct balance after 3 years at 2% interest compounded quarterly on a $4000 investment is approximately $4248.71.

Explanation:

The student has incorrectly calculated the future value of a $4000 investment at 2% interest, compounded quarterly. The accurate calculation involves using the compound interest formula:

P = P0 (1 + r/n)nt

Where:

P is the future value of the investment.

P0 is the principal amount ($4000).

r is the annual interest rate (2%, or 0.02).

n is the number of times interest is compounded per year (4, since it is quarterly).

t is the time the money is invested for (3 years).

Plugging in the values we get:

P = $4000 (1 + 0.02/4)4*3

After solving, we get P = $4000 * (1 + 0.005)12 ≈ $4000 * 1.061677812

Hence, the account balance after 3 years would be approximately $4248.71, not $4244.83 as Hannah initially thought.


Related Questions

A 3 cm x 10 cm rectangle sits inside a circle with radius of 12 cm.
What is the area of the shaded region?
Round your final answer to the nearest hundredth.​

Answers

Answer:

422.389 cm

Step-by-step explanation:

First you have to find the area of the circle then subtract it by the area of the rectangle. To find the area of the circle you have to square the radius then multiply it by 3.14.(12×12=144, 144× 3.14=452.389) Therefore 452.389 cm is the area of the circle. Area of the rectangle 30cm.

452.389 -30=422.389

A smaller triangle is cut out of a larger triangle. The larger triangle is a right triangle with side lengths of 5 millimeters and 12 millimeters. The smaller triangle has side lengths of 4 millimeters and 3 millimeters.
What is the area of the shaded region?

21 mm2
24 mm2
42 mm2
48 mm2

Answers

Answer:

Sorry if this is late, but it's 24mm2

Step-by-step explanation:

i got a 100 on the quiz

The area of the shaded region, if a smaller triangle is cut out a larger triangle is 24 mm²

What is an equation?

An equation is an expression that shows the relationship between two or more number and variables.

Area of the larger triangle = (1/2) * 5 mm * 12 mm = 30 mm²

Area of the smaller triangle = (1/2) * 4 mm * 3 mm = 6 mm²

Area of shaded region = 30 mm² - 6 mm² = 24 mm²

The area of the shaded region, if a smaller triangle is cut out a larger triangle is 24 mm²

Find out more on equation at: https://brainly.com/question/2972832

#SPJ2

A shipping clerk will ship an order of 200 batteries so long as three randomly selected batteries work. Past data has shown that five out of 200 batteries are defective. What is the probability that the clerk will ship the order?

Answers

Answer:

0.9264999239

Step-by-step explanation:

chance that first battery that is being checked works is 195/200

chance that second battery that is being checked works is 194/199

chance that third battery that is being checked works is 193/198

propabilty that the clerk ships the order is (195/200)×(194/199)×(193/198)

=0.9264999239

It took a skydiver 5 seconds to drop 400 feet. What is the
rate (in feet per/second) of the skydiver's drop?

Answers

80 feet per second

Step-by-step explanation:

just divide the amount he fell by the amount of time it took so you would take 400/5 and get the answer

Answer:

80

Step-by-step explanation:

If it took him 5 seconds to drop 400 feet then you have to divide it by 5 to determine the rate he can drop a certain amount of feet per second.

Which three statements are true as they relate to supply and demand? As supply rises, prices generally decrease. As demand decreases, costs generally increase. As supply decreases, prices increase. The average rate of change describes how much a quantity changes as price increases. As demand rises, the price of the product decreases.

Answers

As supply rises, prices decrease.

And The average rate of change describes how much a quantity changes as prices increases

As supply decreases, prices increase. It seems logical but I'm not 100% positive on the last one. I know the first 2 are right.

Final answer:

The statements that are true as they relate to supply and demand are: as supply rises, prices generally decrease; as demand decreases, prices generally increase; as supply decreases, prices increase.

Explanation:

Supply and demand are fundamental concepts in economics. The law of supply states that as supply increases, prices generally decrease. This is because when there is a higher quantity supplied, producers compete to sell their products, leading to lower prices. On the other hand, the law of demand states that as demand decreases, prices generally decrease. When there is lower demand for a product, sellers may lower prices to attract more buyers.

Additionally, the statement that as supply decreases, prices increase is also true. When the quantity supplied decreases, the scarcity of the product can drive up prices as buyers are willing to pay more for limited supply. The average rate of change refers to how much a quantity changes as the price increases. It is not directly related to supply and demand dynamics, but rather focuses on the relationship between quantity and price. As demand rises, the price of a product generally increases. This is because as more people want to buy a product, sellers can charge higher prices since there is higher demand.

Hey ya'll don't scroll please, just look at the attachment and answer every single question please- thank you very much.


I need this done in 15 minutes so it would really really help. Also I have made my 11th account this week regarding this question so just please answer it for me- thanks girlie.

Answers

A I forgot what mode was
B= 1 and a half
C= 11 and a half

Lindsay used two points, (x 1, y 1) and (x 2, y 2), to find the equation of the line, y = mx + b, that passes through the points. First, she used the definition of slope and determined that the value of m is StartFraction y 2 minus y 1 Over x 2 minus x 1 EndFraction. Given this information, which expression must represent the value of b?

Answers

Answer:

tb i think its A

Step-by-step explanation:

Answer:

It is A

Step-by-step explanation:

Please help me now please

Answers

Answer:

0.4444444

Step-by-step explanation:

2/3 x 2/3 = 0.4444 repeating!

Hope this helps!

If the mean of the data set is
4 bubbles, find the number of bubbles Hannah blew. khan academy

Answers

Answer: Hannah blew 1 bubble

Step-by-step explanation:

Mean * number of gum chewers= total bubbles

4*4=16

Let’s add up the numbers of bubbles that we do know.

4+5+6=15

16-15=1

Hannah blew 1 bubble

The number of bubbles Hannah blew can be expressed as 1

How can the number of bubbles Hannah blew be calculated?

The study of variables and the formula manipulation principles is known as algebra. Its roots lie in the computation methods of ancient Babylonia, but now it is a mode of thinking that permeates practically all branches of mathematics.

Let number of bubbles Hannah blew =x

Then we can set up the equation as

[tex]\frac{1}{4} (4+5+6+x)=4[/tex]

15+x=16

x=16-15

x=1

Learn more about number at

https://brainly.com/question/24644930

#SPJ3

The set of points in a plane that are equidistant from a given point is called

Answers

Answer:

Circle

Step-by-step explanation:

We have been given a definition and we have to identify this definition belongs to which shape.

Think of a shape which has a well defined center and all the points on its boundary are at an equal distance from the center. Only one such shape exists i.e. Circle.

The boundary of a circle is its Circumference. Each point on the circumference of a circle is at an equal distance from the center of the circle and this distance is known as the Radius of the Circle.

Therefore, the answer to this question is Circle.

Write the number 7.748 x 10-5 in standard form.
OA. 0.0007748
OB. 774,800
OC. 0.000007748
D. 0.00007748

Answers

The answer to your question is D!

Ortega is trying to fill three bags equally with sand. He wants the bags to weigh the same. If the bags currently weigh 55 pounds, 51 pounds, and 48 pounds. Can Ortega get each bag to weigh the same by moving the weight around?

Answers

Answer:

  yes

Step-by-step explanation:

The average weight of the three bags is ...

  (55 +51 +48)/3 = 154/3 = 51 1/3 . . . pounds

By removing 3 2/3 pounds of sand from the heaviest bag, adding 1/3 pound to the middle-weight bag, and the remaining 3 1/3 pounds to the lightest bag, Ortega can make all of the bags weigh the same: 51 1/3 pounds.

help someoneee!!!!
ill give a brainliest







Answers

Answer:

-13.5

Step-by-step explanation:

-4/3w=18

You would need to get the w by itself on one side so the easiest way to do so would be to divide both sides my -4/3.

This would give you an answer of w= -27/2 or w= -13.5

Tickets to the school dance cost $3.00 in advance or $5.00 at the
door. There were a total of 184 tickets sold, raising $688. How many tickets
were sold at the door?

Answers

Answer:

68 tickets

Step-by-step explanation:

This is a problem that involves a system of equations, the first step is to define your variables and write equations to represent the situation.

x = number of advance tickets

y = number of door tickets

x + y = 184

3x + 5y = 688

Next, you need to solve for one variable, based on how these equations are written, the best method would be to solve by multiplication.

-3(x + y = 184) (multiply equation by -3)

-3x - 3y = -552

Now we need to combine the two equations together

3x + 5y = 688

-3x - 3y = -552

From here we can eliminate the x variable when subtracting the equations, this results in:

2 y = 136

y = 68

Therefore, 68 tickets were sold at the door.

I need help graphing on this number line

Answers

Answer:

1 is c

2 is b

3 is d

4 is a

Step-by-step explanation:

Open circle is 'less than' or 'greater than'.

Closed (shaded) circle is 'less than or equal to' or 'greater than or equal to'.

I think A is the answer

PLEASE HELP ITS URGENT

Answers

OwO what's urgent!!!

True or false: y=x3−4 is a linear equation. A true B false

Answers

false because it is formed wrong

Final answer:

The equation y = x^3 - 4 is not a linear equation because it contains a cubic term (x^3), which means the graph is a curve, not a straight line. Therefore, the correct answer is false.

Explanation:

The equation y = x3 − 4 is not a linear equation. A linear equation is one in which every term is either a constant or the product of a constant and the first power of a variable. In the given equation, the term x3 indicates that it is a cubic term because the value of x is raised to the power of three, suggesting that the graph of this equation would be a curve, not a straight line. Therefore, the correct answer is false.

Linear equations have the general form y = mx + b, where 'm' is the slope and 'b' is the y-intercept. Examples of linear equations include y = −3x, y = 0.2 + 0.74x, and y = −9.4 − 2x, which can all be graphed as straight lines. In contrast, an equation like y = x3 − 4 does not fit this form and therefore is not considered linear.

The local newspaper has letters to the editor from
60
60 people. If this number represents
2
2​% of all of the​ newspaper's readers, how many readers does the newspaper​ have?

Answers

Answer:

300 readers

Step-by-step explanation:

60/2=30

30X100=300

The total number of readers of a newspaper based on the percentage of people who wrote letters to the editor are 3000.

The number of readers the newspaper has is:

Number of readers = (60 / 0.02) = 3000 readers

Therefore, the newspaper has 3000 readers.

How are ridge transformations are congruent figures related ?

Answers

Answer:

uh im not in that grade yet so ye

Step-by-step explanation:

There are 4 blueberry, 6 raisins, and 2 plain bagels in a bag. Mike randomly selects two bagels without replacing the first bagel. Find the probability that he selects a raisin bagel and then a plain bagel

Answers

Answer:

The probability that he selects a raisin bagel and then a plain bagel is [tex]\frac1{11}[/tex].

Step-by-step explanation:

Probability:

The ratio of the number of outcomes of favorable event to total number of all possible outcomes is called probability of the favorable event.

[tex]Probability=\frac{\textrm{The number of favorable outcomes}}{\textrm{Total number of all possible}}[/tex]

Given that, there are 4 blueberry, 6 raisins and 2 plain bangles in a bag.

Total number of bangles= (4+6+2)

                                        = 12

The probability that he selects a raisin

[tex]=\frac{\textrm{Number of raisin bangles}}{\textrm{Total number of bangles}}[/tex]

[tex]=\frac{6}{12}[/tex]

[tex]=\frac12[/tex]

Total number of remaining bagels is =(12-1)=11

After selecting a raisin  bagel,the probability that he selects a plain bangle is

[tex]=\frac{\textrm{Number of plain bangles}}{\textrm{Total number of bangles}}[/tex]

[tex]=\frac{2}{11}[/tex]

Selecting of a raisin bangle and a plain bangle are both independent event.

The probability that he selects a raisin bagel and then a plain bagel is

[tex]=\frac{1}2\times\frac{2}{11}[/tex]

[tex]=\frac1{11}[/tex]

In a scale drawing of a law office, 1/4 inch represents 4 1/2 feet. If the actual length of the conference room is 30 3 5 feet, what is the length of the conference room, in inches, on the scale drawing?

Answers

Answer:

tbh im not sure but i think the answer is 30 ft

Step-by-step explanation:

find the value of each variable ​

Answers

Answer:

x = 12[tex]\sqrt{2}[/tex]

y = 12

z = 12[tex]\sqrt{3}[/tex]

Step-by-step explanation:

The triangle with z as one of it's sides is a 30, 60, 90 triangle where the longest side of the triangle is 2x, the shortest side as x, and the middle side as x*sqrt of 3.

The shared line between the two triangle is 12 and z is 12*sqrt of 3

The left triangle is a 45, 45, 90 triangle where the 2 sides that look the same are the same and the hypotenuse is x sqrt of 2 so y is 12 and x is 12 sqrt of 2

Answer:

x = [tex]12\sqrt{2}[/tex] units

y = 12 units

z = [tex]12\sqrt{3}[/tex] units

Step-by-step explanation:

Notice that the biggest triangle is broken up into a 45-45-90 isosceles triangle with hypotenuse x and leg y, as well as a 30-60-90 triangle with hypotenuse 24 and long leg z.

Let's focus on finding z first. Remember that in a 30-60-90 triangle, the ratio of the short leg to the long leg to the hypotenuse is: [tex]1:\sqrt{3} :2[/tex]. Here, the hypotenuse is 24 and z is the longest leg, so we have the proportion:

[tex]\frac{\sqrt{3} }{2} =\frac{z}{24}[/tex]

Cross-multiply:

[tex]24\sqrt{3} =2z[/tex]

z = [tex]12\sqrt{3}[/tex] units

Now, let's find the smallest leg of the 30-60-90 triangle; it is simply 24/2 = 12 units. Let's move onto x and y.

Remember that in a 45-45-90 triangle, the ratio of one leg to the second leg to the hypotenuse is: [tex]1:1:\sqrt{2}[/tex]. So, since y is a leg of this triangle and the smallest leg of the 30-60-90 triangle coincides with the second leg of the 45-45-90 triangle, y = 12 units.

Finally, x is found by multiplying 12 by [tex]\sqrt{2}[/tex]: 12 * [tex]\sqrt{2}[/tex] = [tex]12\sqrt{2}[/tex] units

Hope this helps!

Mr. Ishimoto needs to replace the grass in the section of his lawn that is shown below.
A grass section can be broken into 2 rectangles. 1 rectangle has a base of 7 feet and height of 3 feet. The other rectangle has a base of 2 feet and height of 7 feet.

If the new grass costs $0.40 per square foot, how much will the grass cost Mr. Ishimoto?
$14.00
$16.40
$35.00
$41.00

Answers

Answer:

The replacing the grass will cost  Mr. Ishimoto $14.00.

Step-by-step explanation:

The area of a rectangular field is:

[tex]\text{Area}=\text{height}\times \text{base}[/tex]

It is provided that Mr. Ishimoto needs to replace the grass in the section of his lawn.

The grass section can be broken into 2 rectangles.

First rectangle: Base = 7 feet and Height = 3 feet.

Second rectangle: Base = 2 feet and Height = 7 feet.

Compute the area of both the rectangles as follows:

[tex]\text{Area}_{1}=\text{height}_{1}\times \text{base}_{1}\\=3\times 7\\=21[/tex]               [tex]\text{Area}_{2}=\text{height}_{2}\times \text{base}_{2}\\=7\times 2\\=14[/tex]

Now the cost of the new grass is $0.40 per square foot.

Compute the cost of replacing the grass in the first rectangular section as follows:

[tex]\text{Cost of new grass for section 1}=\text{Area}_{1} \times\$0.40\\[/tex]

                                                [tex]=21\times \$0.40\\=\$8.40[/tex]

Compute the cost of replacing the grass in the second rectangular section as follows:

[tex]\text{Cost of new grass for section 2}=\text{Area}_{2} \times\$0.40\\[/tex]

                                                [tex]=14\times \$0.40\\=\$5.60[/tex]

The total cost of replacing the grass is:

[tex]\text{Total cost}=\text{Cost of new grass for section 1}+\text{Cost of new grass for section 2}[/tex]

                [tex]=\$8.40+\$5.60\\=\$14.00[/tex]

Thus, the replacing the grass will cost  Mr. Ishimoto $14.00.

Answer

14.00

Step-by-step explanation:


A pet store makes a 60% profit on sales. The manager wants the store to make over $6,000 in profit each month. Describe the inequality and the graph of the solution to find the minimum amount of sales the store must have each month to reach the goal.

The inequality is .
The graph of the solution is .

Answers

The inequality is : 0.6x > 6000. The graph of the solution is : open circle at 10,000; arrow right

Thats the right answer it told me

Answer:

The inequality is

✔ 0.6x > 6000

.

The graph of the solution is

✔ open circle at 10,000; arrow right

Step-by-step explanation:

Only 3 years late ;)

To factor a trinomial you must find the product of "a" and "b" and find the sum of "c"

True
False

Answers

Answer:

true

Step-by-step explanation:

Takumi started studying how the number of branches on his tree changes over time.
The relationship between the elapsed time, t, in years, since Takumi started studying his tree, and the total
number of its branches, N(t), is modeled by the following function:
N(t) = 63. 2
Complete the following sentence about the yearly rate of change in the number of branches.
Every year, the number of branches
grows/shrinks
by a factor of

Answers

Answer:

Grows, Factor of 2

Step-by-step explanation:

The relationship between the elapsed time, t, in years, since Takumi started studying his tree, and the total  number of its branches, N(t), is modeled by the function:

[tex]N(t) = 63. 2^t[/tex]

For illustration, let us take the growth for the first three years after he started studying the number of branches.

[tex]When \:t=1, N(1) = 63. 2^1=126\\When \:t=2, N(2) = 63. 2^2=252\\When \:t=3, N(3) = 63. 2^3=504\\504\div 252=252\div 126=2[/tex]

We notice that for each subsequent year, the number of branches doubles.

Therefore:

Every year, the number of branches  grows by a factor of 2.

Can someone pls help me

Answers

Answer:

behaviour

Step-by-step explanation:

Find: P (Red and Small)

Answers

Answer:

3/10

Step-by-step explanation:

Plz help! Question is in the picture! 10 point reward!

Answers

Answer:

1, 8.4

Unit rate: 8.4 feet per second

Step-by-step explanation:

To find the unit rate you divide the time by the distance, therefore with 8.4 it's easy to find the unit rate! :) Hope this helps! If it did, rate brainliest

What is 19+11+77-2/10? for math points

Answers

Answer: 19 + 11 = 30 + 77 = 107 - 2/10 = 106.8

If you're confused by the fraction just do 2 divided by 10 and you should get 0.2.

So, instead of doing 2/10 you can do:

19 + 11 = 30 + 77 = 107 - 0.2 = 106.8

Have a good day!

Other Questions
Given a=10 and B=150 in Triangle ABC, determine the values of b for which A hasA) exactly one valueB) two possible valuesC) no value Shannon feels miserable in her marriage but refuses to consider getting a divorce; she feels that a divorce would completely waste all of the hard work she has put into making the marriage work for 20 years. Shannon's line of reasoning best illustrates the: whats the lower bound of 3.115 If each necklace chain is 18 inches long, how many necklaces can be made from 137.16 centimeters of silver chain? Each day, a factory produces a total of 280 containers of ice cream. The flavors are vanilla, chocolate, and strawberry. Each day, the factory produces twice as much chocolate ice cream as strawberry ice cream and 20 more containers of vanilla ice cream than strawberry ice cream.What is the correct equation, and what is the correct solution, for this situation, where s represents the number of containers of strawberry ice cream produced per day Susan was recently in a car accident and is experiencing sudden chest pain and is suffering from dyspnea. Which of the following is most likely thediagnosis?Cystic fibrosis (CF)Lung cancerPneumothoraxEmphysema If I have a list of peoples hair colour and grades, can I check for the correlation with excel? How? What is the sum of the areas of circle C and circle D?7 units14 tt units49 T units98 unitsMark this and returnSave and ExitNextSubmit Some mutations can help an organism survive A)TrueB)False A hyperbola centered at the origin has a vertex at (-6, 0) and a focus at (10,0). Ace Deliveries, a courier service provider, built a strong reputation over a short period of six months. Inundated with customers, the company decided to expand its fleet of vans and enlarge its delivery networks and to stop offering the discounts it was offering to some market segments. Because it was the holiday sales season, higher pricing made good business sense. The pricing Ace Deliveries is using is ______. 2 What is the minimum amount of information you need in order to calculate the slope of a line? Please help!!A Poison Treeby William BlakeI was angry with my friend:I told my wrath, my wrath did end.I was angry with my foe:I told it not, my wrath did grow.And I watered it in fears,Night and morning with my tears;And I sunned it with smiles,And with soft deceitful wiles.And it grew both day and night,Till it bore an apple bright.And my foe beheld it shine.And he knew that it was mine,And into my garden stoleWhen the night had veiled the pole;In the morning glad I seeMy foe outstretched beneath the tree.Which of the following best describes the theme of this poem and how it is presented?A. The lack of rhythm or meter brings out the conflict between suppressing and expressing anger against ones foes.B. The childlike tone reveals the contrasting cunningness and cruelty with which one goes about destroying ones foes.C. The repetitive use of alliteration highlights the obsession with competing and gaining an advantage over ones foes.D. The regular AABB rhyme brings out the natural tendency to make neighbors jealous of ones blooming garden. When the jury returns with the verdict, Scout says: " it was like watching Atticus walk into the street , raise a rifle to his shoulder and pull the trigger, but watching all the time knowing that the gun was empty. What is the significance of the empty gun? 3. Choose a well-known company, and describe what you think that company's targetmarket is. How can you tell? (1-5 sentences. 3.0 points) TIP: This can be the samecompany you used in question 1 or 2 above, or it can be different. Six men and four women are waiting to be interviewed for jobs. If they are all selected in random order, find the probability that no man will be interviewed until at least two women have been interviewed. A grant for students who intend to become teachers is known as the.A. TEACH Grant.B. EDUCATE GrantC. SMART GrantD. ASPIRE Grant. name 10 apps that include food and whoever answers first gets brainliest The Hall-He'oult process is expensive and consumes large amounts ofenergy to produce __OAluminumIron oreO GoldSilverWhat is the answer Please help math middle school level