The total value of an investment was $305.33 after $240 was invested for 10 years compounded monthly. Find the interest interest rate.

Answers

Answer 1

Answer:

Interest rate = 2.41%

Step-by-step explanation:

The total value of an investment was $305.33 after $240 was invested for 10 years compounded monthly. Find the interest rate.

The formula to calculate the Interest rate for a Compound Interest is given as:

Solving for rate r as a decimal

r = n[(A/P)^1/nt - 1]

r = 12 × [(305.33/240.00)^1/(12)(10) - 1]

r = 0.0240996

Then convert r to R as a percentage

R = r * 100

R = 0.0240996 * 100

R = 2.41%/year

Therefore, the Interest rate = 2.41%


Related Questions

A circle is centered at A(-5,-8)A(−5,−8)A, left parenthesis, minus, 5, comma, minus, 8, right parenthesis. The point M(-1,-3)M(−1,−3)M, left parenthesis, minus, 1, comma, minus, 3, right parenthesis is on the circle. Where does the point V(-11,-6)V(−11,−6)V, left parenthesis, minus, 11, comma, minus, 6, right parenthesis lie?

PPLLLSSSSS HELPPPP!!!!!! I will mark brainliest!!!!

Answers

Answer:

Its inside the circle

Step-by-step explanation:

Thats the answer on khan (RIP me i searched this up to get the answer and got it wrong to answer the right answer...)

Answer: Inside the circle

Step-by-step explanation: Khan Academy

Two observers are standing on shore ½ mile apart at points A and B and measure the angle to a sailboat at a point C at the same time. Angle A is 63° and angle B is 56°. Find the distance from each observer to the sailboat. Round to the nearest hundredth of a mile.

Answers

Answer:

Step-by-step explanation:

The length 0.51 miles and 0.47 miles are the distances from each observer to the sailboat.

What is the Sine Rule?

The Law of Sines (also called the Sine Rule) is defined as it relates all three sides of a triangle with an angle of a triangle.

Triangle is a basic polygonal shape of a triangle that has three sides and three interior angles. It is one of the fundamental shapes in geometry.

As per the given question, the given data  as:

A = 63

B = 56

C = 61 (because these angles should add up to 180)

c = 1/2

We know that the Sine Rule,

sin 63 / a = sin 61 / .5

a = 0.51 miles

sin 56 / b = sin 61 / .5

b = 0.47 miles

Therefore, the length 0.51 miles and 0.47 miles are the distances from each observer to the sailboat.

Learn more about Trigonometric functions here:

brainly.com/question/6904750

#SPJ2

Find the unit rate 5 cars for 20 people

Answers

Answer:

4 people per car

Step-by-step explanation:

To find the unit rate we would have to do

20/5=4

Write 4/10 and 3/5 as a pair of fractions with common denominator and Write 2/7 and 1/3 as a pair of fractions with common denominator

Answers

4/10 and 3/5 = 4/10 and 6/10
2/7 and 1/3 = 6/21 and 7/21

An eighth grade class was divided into two groups to go to the state fair. The students in the first group bought 9 food tickets and 14 ride tickets for $66.50 total. The students in the second group bought 18 food tickets and 14 ride tickets for $98.00 total. What was the cost of each food ticket and each ride ticket.

Answers

Answer: HOW AM I SUPPOSED TO KNOW?!

Step-by-step explanation:

whats the slope using Rise/Run?
thanks, if you help

Answers

Answer:

the slope of the given line is m = rise / run = -1/2

Step-by-step explanation:

Going from (1, -1) to (3, -2), the 'rise' is actually a drop of 1 unit; the 'run' is +2.

Thus, the slope of the given line is m = rise / run = -1/2

If you answer this correctly, you are very cool guy. :)

Answers

3/4 C
-1.5 A
3^2 G
0.5^3 B
30 E

A teacher places 10 marbles in a bag.

- 2 blue marbles
- 3 red marbles
- 5 yellow marbles
A student draws one marble from the bag, does not replace it, then draws another marble from the bag. What is the probability that the first marble will be yellow and the second marble will be red?

Answers

Step-by-step explanation:

Since they do not replace it the total amount of marbles are the same


someone help with the first one

Answers

Answer:

45

Step-by-step explanation: 180- 135

Answer:

<L = 45

<N = 135

Step-by-step explanation:

<L + 135 = 180

<L = 180 - 135

<L = 45

<N = 135 because of vertical angles

Can u find the value of the x.

Answers

Answer:x=8

Step-by-step explanation:

x²-3x=-3x+64

- Add 3x to both sides

x²-3x+3x=-3x+3x+64

= x²=64

- Square both sides

√x²=√64

x=±8

- Since the question is asking for the positive value of x, the answer is 8.

The bear population increases at a rate of 2% per year. There are
1573 bear this year. Write a function that models the bear population.
How many bears will there be in 10 yr?

Answers

Answer:

The answer would be P(x) = 1573*(1.02)^x

What is the solution to
this system of linear
equations?

Answers

I think it’s (3,1) I’m not sure it’s right I’m just guessing :)

Write 9^3 as an equivalent expression using repeated multiplication.

Answers

Answer:

9x9x9

Step-by-step explanation:

9x9x9 hope this helps!!!

A parabola has focus (5,1) and directrix y=-3.
Where is the parabola’s vertex?

Answers

Answer:

vertex = (5, - 1 )

Step-by-step explanation:

The focus and directrix are equidistant from the vertex

Since the equation of directrix is y = - 3 then the parabola is vertical,

The distance between the focus and directrix is

| 1 - (- 3) | = | 4 | = 2

Thus the vertex is 2 units below the focus

vertex = (5, 1 - 2 ) = (5, - 1 )

A parabola has focus (5, 1) then the vertex of the parabola will be (5, -1).

What is a Parabola?

A location on the curve that is equally spaced from both a fixed location and a fixed line is referred to as a parabola. The parabola's focus requires and fixed line are referred to as its foci and directrix, respectively.

As per the given information in the question,

The focus and directrix are equidistant from the vertex then,

The parabola is vertical because the directrix's equation is y = - 3; hence, the focus and directrix are separated by:

|1 - (-3)| = |4| = 2

The vertex is therefore 2 units below the focus.

vertex = (5, 1 - 2) = (5, -1)

To know more about Parabola:

https://brainly.com/question/21685473

#SPJ2

Write a function rule for “The output is five more than the input.”

y=x-5
y=x+5
y=mx=b

Answers

Answer:

y = x + 5

Step-by-step explanation:

The output (y) is five more than the input (x)

and this is expressed symbolically as

y = x + 5

Look, this is what it shows

Answers

Answer:

This is very similar to what we are proving if you just change the angles.

need done soon! offering 20 points!!
Mrs. Roberts’ dog, Rover, loves to eat peanuts. A cylindrical can of peanuts has a diameter of 4 inches and a height of 9 inches. Which of the following equations can be used to find the volume of the can of peanuts? 8 points

Answers

Answer:

c

Step-by-step explanation:

cccccccccccc

any one who tells me what 2+2 is you get brainiest

yalls lucky im feeling nice today btw just put anything as a answer and ill but brainiest

Answers

Answer:

4

Step-by-step explanation:

ty

hav meme

Answer:

2 + 2 = 4

Step-by-step explanation:

Can I get brainliest mademoiselle?

whoever gets this corrects gets brainliest!!!

Answers

Answer:

d

Step-by-step explanation:

the submarine is below water so that's considered a negative and the number in  the equation is negative 3. and if you keep multiplying a positive by a negative the number stays negative and thats the submarine getting deeper and deeper into the ocean if that makes sense.

D
The others represent positive change

Solve the system of linear equations. 3x−2y=1 9x−6y=3

Answers

Get the y by itself

-2y= -3x + 1

Divide -2 to everything

y= 3/2x - 1/2


Other equation (get y by itself)

-6y= -9x + 3
y=3/2x - 1/2

Use substitution

3/2x-1/2=3/2-1/2

0=0

All real numbers (any value of x makes the equation true)

I will make the brailsit plz help

Answers

Answer:

hindi ko alam yan wala akong pakialam

Step-by-step explanation:

tanga tanga

There are 84 soccer players in a local league. At tjis rate how many soccer players are there per team?

Answers

Answer:

how many teams are there?

Step-by-step explanation:

Find the area.I will mark the BRAINIEST

Answers

Answer: C. 64 ft

Step-by-step explanation:

PLEASE HELP! It’s super important!

Answers

Answer:

2. a. - 1b.[tex] - \frac{2}{3} [/tex]3. a. 4b. 6

Step-by-step explanation:

[tex]2. \: a. \: \sqrt[3]{ - 1} [/tex]

[tex] = \sqrt[3]{( - 1 )\times ( - 1 )\times( - 1)} [/tex]

= -1 (Ans)

[tex]b. \: \sqrt[3]{ - \frac{8}{27} } [/tex]

Since,

[tex] \sqrt[3]{ - x} = - \sqrt[3]{x} [/tex]

Hence,

[tex] = - \sqrt[3]{ \frac{8}{27} } [/tex]

[tex] = - \sqrt[3]{ \frac{2 \times 2 \times 2}{3 \times 3 \times 3} } [/tex]

[tex] = - \frac{2}{3} (ans)[/tex]

[tex]3. \: a. \: 10 - 2 \sqrt{9} [/tex]

[tex] = 10 - 2 \sqrt{3 \times 3} [/tex]

= 10 - 2 × 3

= 10 - 6

= 4 (Ans)

[tex]b. \: 70 - {( \sqrt[3]{64} )}^{3} [/tex]

[tex] = 70 - \sqrt[3]{ {64}^{3} } [/tex]

[tex] = 70 - \sqrt[3]{64 \times 64 \times 64} [/tex]

= 70 - 64

= 6 (Ans)

solve for x: 2+x+x+x+4=9

Answers

Answer:

x=1

Step-by-step explanation:

2+1+1+1+4=9

2+x+x+x+4=9

=> 3x + 6 = 9

=> 3x = 9-6

=> 3x = 3

=> x = 3/3

=> x = 1

A triangle prism has a volume of 240m3.The area of the base is 16m2 what's is the height of the triangle prism

Answers

Answer:

The height is 45 m

Step-by-step explanation:

The volume of a triangular prism is V = (1/3)(area of base)(height)

If the voume is 240 m^3 and the area of the base 16 m^2, then the height of the prism is determined as follows:

3V = (area of base)(height)

Dividing both sides by (area of the base), we get:

                   3(240m^3)

height = ------------------------- = 45 m

                       16 m^2

Help ASAP I’ll mark you as brainlister

Answers

Answer:

3/4[tex]\pi[/tex] x 180/[tex]\pi[/tex]= 135°

Step-by-step explanation:

HELP I NEED HELP ASAP
HELP I NEED HELP ASAP HELP I NEED HELP ASAP
HELP I NEED HELP ASAP HELP I NEED HELP ASAP
HELP I NEED HELP ASAP

Answers

Answer:

A. When the team scored 52 points, the median number decreased.

Step-by-step explanation:

The median now is 88. Without the 52, (using the median formula,) it would become 88.5. Since 88.5 is larger than 88, it means the median decreased after 52 was added. There was no change when 91 was added.

Help Asap please, If you dont know it please dont!

Answers

Answer:

D. 22 2/3 square yards

Step-by-step explanation:

To find the area of a rectangle or the workshop, you just have to multiply the two measurements together.

Hope this helps!

-Luna

there is a line that includes the point (2,2) and has a slope of 3. What is its equation in slope intercept form?

Answers

Answer:

y = 3x - 4

Step-by-step explanation:

y = 3x + b

2 = 3(2) + b

2 = 6 + b

-4 = b

y = 3x - 4

Other Questions
What are the two ways people can become U.S. citizens? An economic impact of the agricultural industry resulting from the close of the frontier ended cotton farming as a cash crop.forced the railroad industry to shut down.made cotton farming an ideal cash crop.caused many farmers to declare bankruptcy. What type of person is more likely to bully others? what is aproxamently the answer to 5 pi An athlete throws her javelin 9.5 yards. She throws it this distance 2 times. How far does she throw the javelin in total? No links Sally weights 15 7/10 pounds cocoa weights 13 3/5 pounds how much more does sally weigh than cocoa A.1/10B.4/5C. 2 1/10D. 2 4/5 Mr. Jones has $410,000 in a retirement account that earns 3.85% simple interest each year. Find the amount of interest earned by this investment if it is in there for 5 years. * BRAINLIEST!!which statement correctly compares the function y = 5x + 5 Ms. Young acquired a loan of $40,000 at her local bank. The loan has a simple interest rate of 6% per year. What is the amount of interest that Ms. Young will be charged on the loan at the end of 5 years. When is the mole ratio from a balanced chemical reaction not needed in a calculation Find the Mean, Median, and Mode that matches the following Data Set. Raquel has to fill-up 5 volleyball with air. Each ball has a radius of 4.5 inches. What is the volume of the 5 volleyballs all together?WILL MARK BRAINLEST!! If you counted 95% neutrophils on a cow's differential white blood cell count and the normal range is 15% to 33%, this would be classified as 17.4. A gas is found to have a density of 8.00 g/L. Find the volume of the gas in a balloon thathas a mass of 24 grams.A. 192 litersB. 3 litersC. 0.3 litersD. 32 literswhat is the answer? Brainliest ,easy question how can you use the multiplicative inverse to solve division problems?(best answer gets brainliest) What integer is the opposite of 32 degrees Celsius below zero? can anyone explain this to me? Mathhhhhhh which ones about slope are true can someone also help w this for brainliest