For a total accumulated amount of $3688.86, a principal of $2000, and a time period of 5 years, use the compound interest formula to find r, if interest is compounded
monthly.
r=

Answers

Answer 1

The interest rate required to get a total amount of $3,688.86 from compound interest on a principal of $2,000.00 compounded 12 times per year over 5 years is 12.306% per year.

Given,

The total amount (A)= $3688.86

Principal (P) = $2000

time period (t) = 5 years.

compounded monthly (n) = 12

rate of interest per year = ?

we know that r=n[(A/P)¹/ⁿt  -1]

substitute the above values.

r = 12 × [(3688.86/2000)¹/⁽¹²⁾⁽⁵⁾ - 1]

r = 12 × [(1.84443)¹/⁶⁰ - 1]

r = 12 × 0.0102

r = 0.12306

Now convert r to R as a percentage.

R = r × 100

R = 0.12306 × 100

R = 12.306%

Hence the rate of interest compounded monthly is 12.306%

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Related Questions

PLEASE HELP
the length of a rectangle is three more than double the width. if the perimeter is 126 inches, find the dimensions.

Answers

Answer:

Length of the rectangle = 43 inches

Width of the rectangle= 20 inches

Step-by-step explanation:

Let the width (w) of the rectangle be = x inches

-> Length (l) of the rectangle will be = (2x + 3) inches.

Perimeter of the rectangle = 126 inches

-> 2(l + w) = 126

-> l + w = 126/2

-> l + w = 63

-> x + (2x + 3) = 63

-> 3x = 63 - 3

-> 3x = 60

-> x = 60/3

-> x = 20

-> 2x + 3 = 2(20) + 3 = 43

Thus,

Length of the rectangle = 43 inches

Width of the rectangle= 20 inches

Select the best answer to the question.
ہے
Percent Sold
40%
30%
20%
10%
0%
O Line Graph
O Pie Chart
Trucks
What type of graph is this example?
O Bar Graph
O Table
Vehicle Sales
Cars
SUVS
Vehicle Types
Motorcycles

Answers

Answer:

all the correct answers are the correct answers of

Step-by-step explanation:

step by step explanation no needed because answer already answered okay there answer needed.

Solve the linear inequality and express the solution in set-builder notation.
4(3-2x) + 3x < 6(4 + 2x)
...
The solution in set-builder notation is {x|
(Simplify your answer. Use integers or fractions for any numbers in the expression.)

Answers

Answer:

Step-by-step explanation:

PLSSS HELPPP ME WITH THISSSS THERES A PHOTO IM IN CLASS

Answers

lol ur on ur own for this one buddy good luck

what two numbers are 1/16 away from - 1/5

Answers

The two numbers that are (1/16) away from -(1/5) are -(11/80) and -(21/80).

What is a Fraction?

A fraction is a way to describe a part of a whole. such as the fraction ¼ can be described as 0.25.

The two numbers that are 1/16 away form -(1/5) can be found by adding 1/16 to -(1/5) and subtracting 1/16 from -(1/5). Therefore, we can write,

-(1/5) + (1/16) = -(11/80)

-(1/5) - (1/16) = -(21/80)

Hence, the two numbers that are (1/16) away from -(1/5) are -(11/80) and -(21/80).

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Which personal expense did the Penders spend more on than they had budgeted? Refer to Figure 3.4 on page 165 of the ebook or at the back of the packet. Figure 3.4.pdf Download Figure 3.4.pdf

Group of answer choices

Credit Cards & Clothing

Clothing

Clothing & Pocket Money

Credit Cards & Pocket Money

Answers

The personal expense that the Penders spent more on than they had budgeted is:

Credit Cards & Pocket Money to the tune of $ 23.75 (Option C)

What is a budget?

A budget is an estimate of revenue and costs for a given period of time that is generally created and re-evaluated on a regular basis. Budgets may be created for an individual, a group of individuals, a company, a government, or almost anything else that generates and spends money.

What is the justification for the above answer?

The budgeted amount for Credit Card was $50. Total amount spent was $60. Hence the excess amount spent is $10.

The budgeted amount for Pocket money was $80. Total amount spent was $93.75. Hence the excess amount spent is $13.75.

Hence total amount spend over budget is $23.75

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what is negative 8 = x over 2.5 minus 6

Answers

The value of x in the given expression 8 = x over 2.5 minus 6 is (-1/8)^(2/7)

What is Algebraic expression ?

Algebraic expressions are the idea of expressing numbers using letters or alphabets without specifying their actual values. The basics of algebra taught us how to express an unknown value using letters such as x, y, z, etc. These letters are called here as variables. An algebraic expression can be a combination of both variables and constants. Any value that is placed before and multiplied by a variable is a coefficient.

given expression is :

-8 = x^(2.5-6)

Now, solving for x by transferring power of x to -1/8 that will become -8 to the power (2/7) :

-8 = x^(-3.5)

-8 = 1/x^(3.5)

x^(3.5) = -1/8

x^(7/2) = -1/8

x = (-1/8)^(2/7)

Therefore, the value of x in the given expression is (-1/8)^(2/7)

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On the graph f(x)=cos x and the interval [-2pie,0] for what value of x does the function cross the x-axis?

Answers

The function f(x) = cos x crosses the x-axis at x₁ = - 0.5π and x₂ = - 1.5π.

For what values does the cosine function cross the x-axis?

Cosine function is a function bounded between - 1 and 1 and whose period is 2π, all the values of x such that the cosine function crosses the x-axis is described by the following expression:

cos x = 0        (1)

Then, by inverse trigonometric functions:

x = cos⁻¹ 0

x = 0.5π ± π · i, where i is a non-negative integer.

If we know that i = 1 and i = 2, then the values of x within the interval [- 2π, 0] are, respectively:

x₁ = - 0.5π, x₂ = - 1.5π

The function f(x) = cos x crosses the x-axis at x₁ = - 0.5π and x₂ = - 1.5π.

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Norm's electric bill for December 2013 was $149.32. In 2014 the electric bill was $194.31. Next year Norm expects the bill to be the 2013 amount plus $25.00 more than the difference between 2013 and 2014. What is the new bill expected to be?

Answers

A): 2013 = 149.32

Find difference of: 194.31

2014 = 194.31 149.32

= 44.99

2015 Total Will Be:

B):

149.32 + 25 = 174.32

(2013)

174.32 + 44.99 = 219.31

(B) (A)

Explain a method to find the area of triangle QRS given that RT is perpendicular QS. Then find the area. Show your work.

Answers

Applying the distance formula to find the base and height of the triangle, the area of the triangle is calculated as: 17.85 units².

How to Find the Area of a Triangle?

Area of triangle = 1/2(base)(height).

The base of triangle QRS is QS.

The height of triangle QRS is RT.

Use the distance formula [tex]\sqrt{(y_2 - y_1)^2 + (x_2 - x_1)^2}[/tex] to find the length of QS and RT:

Q(2, 4) = (x1, y1)

S(8, -2) = (x2, y2)

QS = √[(8−2)² + (−2−4)²]

QS = √72

QS ≈ 8.5 units

R(6, 6) = (x1, y1)

T(3, 3) = (x2, y2)

RT = √[(3−6)² + (3−6)²]

RT = √18

RT ≈ 4.2 units

Area of triangle QRS = 1/2(8.5)(4.2)

Area of triangle QRS = 1/2(35.7)

The area of triangle QRS = 17.85 units²

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three less than the sum of x and y​

Answers

Answer:

X+Y-3

Step-by-step explanation:

I don’t know what X/Y is, but “three less than” means you need to subtract 3 from the sum of X+Y

Is the question just asking for it written out like X+Y-3?

Use the Distributive Property to rewrite each of the following products
and then calculate the value, as shown in the example below.
Example: 4(307)= 4(300)+4(7)=1200+28 = 1228
9(410)
6(592)
a.
b.
as sums,

i will give a lot of points

Answers

Answer: I hope this helps.

Step-by-step explanation:

What is the sum of the first six terms of the geometric series?

2 – 6 + 18 – 54 +

Answers

Answer:

S₆ = - 364

Step-by-step explanation:

the sum to n terms of a geometric series is

[tex]S_{n}[/tex] = [tex]\frac{a_{1}(r^{n}-1) }{r-1}[/tex]

where a₁ is the first term and r the common ratio

here a₁ = 2 and r = [tex]\frac{a_{2} }{a_{1} }[/tex] = [tex]\frac{-6}{2}[/tex] = - 3 , then

S₆ = [tex]\frac{2((-3)^{6}-1) }{-3-1}[/tex]

    = [tex]\frac{2(729-1)}{-4}[/tex]

   = [tex]\frac{2(728)}{-4}[/tex]

   = [tex]\frac{1456}{-4}[/tex]

  = - 364

Paula pays $19.92 for 2.4 pounds of walnuts. What is the price per pound of walnuts?

Answers

Answer:

8.30

Step-by-step explanation:

19.92 / 2.40 = 8.30

8.30 is the amount per pound.

Answer: 8.30

Step-by-step explanation: We know that Paula Paid 19.92$ for 2.4 pounds

Price of 1 Walnut = 19.92 ÷ 2.4 = 8.30

Which of the following represents a function?

x -10 -9 0 5
y 19 17 25 19

A value 0 in x corresponds to 7 in y, and 52 in y. A value 1 in x corresponds to 4 in y. A value 2 in x corresponds to 16 in y. A value 3 in x corresponds to 7 in y.

{(0,0), (-4,3), (7,1), (-4,5), (3,2)}

A graph plots the points (negative 3, 4), (negative 3, negative 4), (negative 2, 3), (negative 2, negative 3), (negative 1, 0), (1, 0), (2, 3), (2, negative 3), (3, 4) and (3, negative 4) on the x y coordinate plane.

Answers

Answer is the first chart of numbers

x -10 -9 0 5
y 19 17 25 19

✅. Reason: there is only one x for every y value so it will pass the vertical line test

These below are NOT a function

A value 0 in x corresponds to 7 in y, and 52 in y. A value 1 in x corresponds to 4 in y. A value 2 in x corresponds to 16 in y. A value 3 in x corresponds to 7 in y.
❌ no, it has (0, 7) and (0, 52), two same x values

{(0,0), (-4,3), (7,1), (-4,5), (3,2)}
❌no, it has two same x values of -4

A graph plots the points (negative 3, 4), (negative 3, negative 4), (negative 2, 3), (negative 2, negative 3), (negative 1, 0), (1, 0), (2, 3), (2, negative 3), (3, 4) and (3, negative 4) on the x y coordinate plane.
❌ no, it has multiple same x values of -2, -3, 2 and 3.

See attachment showing why the same x value repeated will not be a function because it will not pass the vertical line test

Problem solved!!

QUESTION : -137 +854-84+ 506 =​

Answers

Answer: 1139

Step-by-step explanation:

-137+854=717

717-84=633

633+506=1139

What is the domain of the graph below.

Answers

Answer:

acbs

Step-by-step explanation:

Prove that (1+cos⁡α)(1-sec⁡α)=-sin⁡α tan⁡α

Answers

We need to prove

(1 + cos a)(1 - sec a) = -sin a tan a

LHS

= (1 + cos a)(1 - sec a)

= 1 -sec a + cos a - cos a sec a

= 1 - sec a + cos a - cos a (1/cos a)

= 1 - sec a + cos a - 1

= cos a - sec a

= cos a - 1/cos a

= [tex]\frac{cos^{2}a - 1}{cos a}[/tex]

We know that [tex]sin^{2}a+ cos^{2}a = 1[/tex],

Then [tex]1 - cos^{2}a = sin^{2} a[/tex]

        [tex]cos^{2}a - 1 = -sin^{2}a[/tex]

= [tex]-\frac{sin^2a}{cos a}[/tex]

= [tex]-\frac{(sina)(sina)}{cosa}[/tex]

=[tex]- (sin a)(\frac{sin a}{cosa} )[/tex]

We know that tan a = sin a / cos a

= - sin a tan a

= RHS

                                        LHS = RHS

                                     Hence Proved

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Sales Application Statins are used to keep cholesterol in check and are a top-selling drug in the U.S. The equation: S = 1.7 x + 5.2 estimates the amount of sales, S , of statin (in billions of dollars) x years after January 1, 1998. Sales of statin on January 1, 2008 was billion dollars. Statin sales reached 25.6 billion dollars in the year .

Answers

Sales of Statin on January 1, 2008 was 22.2 billion dollars; and the year that the Statin sales reached 25.6 billion dollars was in 2010.

How do we calculate sales and the year it occurred?

Given:

S = 1.7 x + 5.2 .............................. (1)

Sales of statin on January 1, 2008 can be calculated as follows:

x = 2008 - 1998 = 10

Substituting x = 10 into equation (1), we have:

S = (1.7 * 10) + 5.2

S = 17 + 5.2

S = 22.2

The answer above implies that sales of Statin on January 1, 2008 was 22.2 billion dollars.

The year that the Statin sales reached 25.6 billion dollars can be calculated as follows:

S = 25.6

Substituting S = 25.6 into equation (1) and solving for x, we have:

25.6 = 1.7x + 5.2

25.6 - 5.2 = 1.7x

20.4  = 1.7x

x = 20.4 / 1.7

x = 12

Therefore, we have:

The year Statin sales reached 25.6 billion = 1998 + x = 1998 + 12 = 2010

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The sales of Statin on January 1, 2008 is 22.2 billion dollars and the year statin sales reached 25.6 billion was in 2010

Linear functions

Linear functions are equations that has a leading degree of 1.

Given the expression that represents amount of sales, S , of statin (in billions of dollars) x years after January 1, 1998 as;

S = 1.7 x + 5.2

For the sales of statin on January 1, 2008, this is calculated as

x = 2008 - 1998 = 10years

Substitute x = 10 into the given equation to have;

S = 1.7(10) + 5.2

S = 17 + 5.2

S = 22.2

Therefore the sales of Statin on January 1, 2008 is 22.2 billion dollars.

For the year that the Statin sales reached 25.6 billion dollar;

S(x) = 25.6

Substituting S = 25.6 into the equation

25.6 = 1.7x + 5.2

1.7x = 25.6 - 5.2

1.7x = 20.4

x = 12

Hence the year statin sales reached 25.6 billion was in 2010

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Find the missing number so that the equation has no solutions.
x+1=

2x–6


Answers

The missing number so that the equation has no solutions is -7/3.

How to calculate the equation?

The equation given is represented by:

x+1 = -2x–6

It should be noted that we just have to find the value of x. This will be

x+1 = -2x–6

x + 2x = -6 - 1

3x = -7

x = -7/3

Therefore, the value of x is -7/3.

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Please help me out here!!

Answers

The equation, in point-slope form, that represents the distance of Byron from home is: A. y - 4 = -6(x - 1/2).

How to Write an Equation in Point-slope Form?

An equation can be written in point-slope form, where m represents the slope and (a, b) represents a point on the line, as: y - b = m(x - a).

From the given information describing Bray's distance from home after some time, we have the following parameters:

x = hours (time)y = distance (miles)Slope (m) = -6A point = (1/2, 4)

Substitute m = -6 and (a, b) = (1/2, 4) into y - b = m(x - a):

y - 4 = -6(x - 1/2)

Therefore, the equation, in point-slope form, that represents the distance of Byron from home is: A. y - 4 = -6(x - 1/2).

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Susan has two jobs and can work no more than 28 total hours per week. If she earns
$8.50 per hour as a cashier and $10.00 per hour as a florist and she needs to earn at
least $160 for the week, how many hours does she need to work at each job? Write a
system of inequalities that could represent this situation.

Answers

The system of inequalities is,

The total hours will be X+Y≤4.

The total amount she can earn 8.5X + 10Y ≤ 22.85.

First let us assume that she work 7 days in the week.

If she works for 28 hours a week, Then the hours of work done by her in a day will be,

28hours/7days

Per day working hours are 4 hours per day.

now, if she has to earn at least 160$ a week. Then, the amount she has to earn in one day will be 160$/7days,

Amount needed to be earned in one day is 22.85$,

Now, if she work for X hours as cashier, then she can work Y hours as florist.

The total hours for which she can can be represented by,

X+Y≤4

The amount she will earn in one day can be represented by the inequality,

8.5X + 10Y ≤ 22.85.

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Type the correct answer in the box. Use numerals instead of words. If necessary, use / for the fraction bar.

Write the least common multiple of 7 and 14.

Answers

14 because 7x2 is 14 and 14x1 is 14


Addison worked at three part-time jobs last week. At one job, she worked 11 hours at a salary of $21 per hour, at another she worked 11 hours at $19 per hour,
and at the third she worked 17 hours at $18 per hour. What was her mean hourly wage?

Answers

11*21+11*19+17*18/3=746/3=248.3

Carol brought 4 pies to a party. Each serving of pie is 1/8 of an entire pie. How many servings of pie did Carol bring to the party?

Answers

Answer:

32

Step-by-step explanation:

do 4 divided by 1/8

if you flip the fraction it will become 4/1 × 8/1 = 32

please help Use the following statement to answer ALL three parts of the question. Statement: If two angles are supplementary, then the angles are a linear pair

Answers

Step-by-step explanation:

supplementary angles are two angles that are together 180°.

they don't have to be adjacent, but the fact that the 2 angles can be placed "randomly" in a scenario is rarely used, except maybe for intersection angles of a line with parallel lines.

a linear pair are 2 angles that are truly adjacent (neighbors, touching each other) that are together 180°.

so, our original statement is

if 2 angles are supplementary, then the angles are a linear pair.

that by itself is (as described) not true in all cases. angles can be non-adjacent (and therefore not a linear pair) and still be supplementary.

so the original statement is false.

(a)

the inverse is

if 2 angles are not supplementary, then the angles are not a linear pair.

that is true.

as per the definition, linear pair angles are a true subset of supplementary angles (every linear pair is a pair of supplementary angles, but not every pair of supplementary angles is a linear pair).

so, if they are not a member of the set of supplementary angles, they cannot be a member of a subset either.

(b)

the converse is

if 2 angles are a linear pair, then the angles are supplementary.

that is true.

because linear pair angles are a true subset of supplementary angles. if something is a member of a subset, it is also a member of any superset.

(c)

the contrapositive is

if 2 angles are not a linear pair, then the angles are not supplementary.

that is false.

as described, linear angles are a true subset of supplementary angles. so, an element can be outside a subset but still inside a superset.

like in the original example, 2 angles across intersected parallel lines can be supplementary, but they are not a linear pair.

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Answers

Answer:

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Of the 30 champions of the National Spelling Bee from 1974 to 2003, 16 are boys. Find the ratio of the number of champions who are girls to the number who are boys.

Answers

Answer:

14/16 or 7/8.

Step-by-step explanation:

We know the total champions is 30. There are 16 boys, so to find the number of girls we can do 30-16. This gives us 14. Now we know that there are 16 boys and 14 girls, and the question is asking for the ratio of champions who are girls to the number who are boys. This means the ratio would simply be 14 to 16, for every 14 girls there are 16 boys. You can simply this ratio to 7 to 8, meaning for every 7 girls there are 8 boys.

Gabriela plans to save at least $5,600 to buy a car. She already has $2,500 saved and plans to save $500 each month.

Which inequality represents how many months (m) it will take Gabriela to save at least $5,600?
m < 6
m > 6
m ≤ 6
m ≥ 6

Answers

Inequality represents number of months (m) it will take Gabriela to save at least $5,600 is m ≥ 6.

As given in the question,

Amount Gabriela plans to save to buy a car = at least $5,600

Amount she already has = $2500

Amount she needs to save at least = $(5600 -2500)

                                                          =$3100

Plans to save each month =$500

Inequality to represents the number of months to save at least $5600

m ≥ 3100/500

⇒ m ≥ 6

Therefore, inequality represents number of months (m) it will take Gabriela to save at least $5,600 is m ≥ 6.

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What is the coefficient of the x2-term of the algebraic expression 2 x 4 + x squared minus x + 7?

Answers

The Coefficient of x^2  in algebraic Expression 2x^4 + x^2 -x +7 will be 1.

What is Algebraic expression ?

Algebraic expressions are the idea of expressing numbers using letters or alphabets without specifying their actual values. The basics of algebra taught us how to express an unknown value using letters such as x, y, z, etc. These letters are called here as variables. An algebraic expression can be a combination of both variables and constants. Any value that is placed before and multiplied by a variable is a coefficient.

Given algebraic  Expression is :

2x^4 + x^2 -x +7

Now,

The coefficient is the constant term multiplied with the variable.

Therefore, here the Coefficient of of x^2 will be 1.

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What is one major problem that has resulted from globalization in the 20thand 21st centuries?A. Global population growth has slowed to its lowest recorded levels.B. Diseases are able to spread around the world more quickly.C. Countries have less power to economically influence one another.D. New cultural traditions and languages are constantly beingcreated.SUBMIT I need help with number 3 ( Rule) Which pair of triangles can be proven congruent by the HL theorem?2 right triangles have congruent hypotenuses. 2 triangles have one congruent angle and 2 congruent sides.2 right triangles have congruent hypotenuses and another congruent side.2 triangles have 3 congruent sides. contrast the effects of the water cycle on a tropical region and on a desert region. use complete sentences. What is the slope of the tangent line for the function f(x)=2x^2-5x+1 at the point (1,-2)A. -1B.-9C. 1D. 0E.9 What is the y-coordinate of the y-intercept of the parabola y=x^2+1 A man if five times as old as his son. The sum of squares of their ages is 2106. How old is the son? Find a direct relationship between y and x. x = t+1 y = t^2 - 2t Which of the following is the graph of y = |x-3l? read the beginning of trevors narrative.thinking back on that afternoon, i knew then that my best friend was keeping something from me. if i thought about iti mean, really thought about itthere had been other signs. they may have been subtle, but they had been there, nonetheless.trevor decides not to tell his story in chronological order. what is the most likely reason trevor chose to begin his story in this way? which behaviors would the nurse expect the client to do during the working phase of a therapeutic relationship consumers now have easy access to internet shopping because of smartphones. technology has caused demand to become more for goods you can purchase at stores like barnes and noble and best buy. this is because the cost of getting price information from other retailers is now . to stay competitive, best buy uses a strategy called where they offer to sell items at competitor prices. Answer each question yes or no. (a) Is it possible for each of three stationary charged particles to exert a force of attraction on the other two? (b) Is it possible for each of three stationary charged particles to repel both of the other particles? (c) Is it possible for each of three current-carrying metal wires to attract the other two wires? (d) Is it possible for each of three current-carrying metal wires to repel the other two wires? Andr-Marie Ampre's experiments on electromagnetism are models of logical precision and included observation of the phenomena referred to in this question. HELP ME!! Write a reflection on career and income www 15. Using the idea of particles explain why: a. The smell of burnt food travels through the houses? b. When two solids are placed on top of each other, they do not mix? c. Pumping up your bike tyres gives a smooth ride? d. Smokers can cause lung damage in other people? e. Heating gas in a closed container will increase its pressure? f. Poisonous gasses from a factory chimney can affect a large area?explain it ? A foam dart is fired a height of 1.69 m. How many seconds does it take to hit the ground help plsssssssssssssssssssssssssssssss When conducting a database search, if the initial search does not return relevant results, what should you do?. Explain two reasons why Catholics should look after the environment, in your answer you must refer to a source of wisdom and authority. quickkk Gavin decides that he's going to swim for 20 minutes a time, 5 times a week starting this week. What type of goal is Gavin setting?lenientvagueshort-termundefined