Use the periodic compound interest formula to solve.
Suppose that $11,000 is invested at 5.8% compounded quarterly. Find the total amount of this investment after 6 years.

Answers

Answer 1

Answer:

$15,539.67

Step-by-step explanation:

Compound Interest Formula

[tex]\large \text{$ \sf A=P\left(1+\frac{r}{n}\right)^{nt} $}[/tex]

where:

A = final amountP = principal amountr = interest rate (in decimal form)n = number of times interest applied per time periodt = number of time periods elapsed

Given:

P = $11,000r = 5.8% = 0.058n = 4 (quarterly)t = 6 years

Substitute the given values into the formula and solve for A:

[tex]\implies \sf A=11000\left(1+\frac{0.058}{4}\right)^{(4 \times 6)}[/tex]

[tex]\implies \sf A=11000(1.0145)^{24}[/tex]

[tex]\implies \sf A=15539.67451...[/tex]

Therefore, the value of the investment after 6 years will be $15,539.67 to the nearest cent.


Related Questions

Approximate the area under the curve y = x^2 from x = 0 to x = 3 using a Right Endpoint approximation with 6 subdivisions.


Will mark brainliest

Answers

Subdivide the interval [0, 3] into 6 subintervals of equal length, ∆x = (3 - 0)/6 = 1/2. Then the partition is

[tex]\left[0,\dfrac12\right] \cup \left[\dfrac12,1\right] \cup \left[1,\dfrac32\right] \cup \cdots \cup \left[\dfrac52,3\right][/tex]

The right endpoint of the [tex]i[/tex]-th subinterval is

[tex]r_i = \dfrac12 + (i-1)\times\dfrac12 = \dfrac i2[/tex]

with [tex]i\in\{1,2,3,\ldots,6\}[/tex].

Then the area under the [tex]y=x^2[/tex] on the interval [0, 3] is approximately

[tex]\displaystyle \int_0^3 x^2 \, dx \approx \sum_{i=1}^6 (r_i)^2 \Delta x = \frac18 \sum_{i=1}^6 i^2[/tex]

Recall that

[tex]\displaystyle \sum_{n=1}^N n^2 = \frac{N(N+1)(2N+1)}6[/tex]

Then the approximate value of the area is

[tex]\displaystyle \int_0^3 x^2 \, dx \approx \frac{6\times7\times13}{48} = \boxed{\frac{91}8}[/tex]

The actual value of the area is 9, so this approximation is an overestimation, as is always the case when using a right endpoint sum for an increasing function.

At a pizza restaurant it costs $4 to make a small pizza that sells for $12, and it costs $6 to make a large pizza that
sells for $15. In one week, the restaurant spent a total of $1100 to make pizzas and sold all of them for $2910. How
many small pizzas were sold?
small pizzas were sold?

Answers

simply just divide there total investment for pizza with the cost for one small pizza 1100/4=275

275 Small pizzas were sold

someone help me with rest please asap!!

Answers

Answer:

3. Definition of Midpoint

4. VAT, Vertical Angles Theorem

5. ASA, Angle-Side-Angle Theorem

Hi 4 questions, about inequality’s and y intercepts and slope. Only 4 questions :)

Answers

The slope and y-intercept will be the negative 5/2 and 4.

The complete question is attached below.

What is the equation of line?

The equation of line is given as

y = mx + c

Where m is the slope and c is the y-intercept.

The equation is given below.

y > -(5/2)x + 4

The slope and y-intercept will be the negative 5/2 and 4.

The graph is also attached below.

More about the equation of line link is given below.

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Just a question about the problem, dont need the answer if you dont want to solve it, but would 15 be negative? Thats all, Thanks!
[tex]f(x)=x^{2} +15x+3[/tex]

Answers

Answer:

[tex]x = -\frac{15}{2}[/tex]

Step-by-step explanation:

Hello!

The formula for the AOS is given to you, and you simply have to plug in the information given by the equation.

Equation of a Parabola (Standard): [tex]y = ax^2 + bx + c[/tex]

Comparing it to our equation:

a = 1b = 15c = 3

Plug it in to the AOS formula:

[tex]x = \frac{-b}{2a}[/tex][tex]x = \frac{-15}{2(1)}[/tex][tex]x = -\frac{15}{2}[/tex]

You only have to input 15 in to the correct box since the negative sign is already placed for you.

HELP THIS IS URGENT I NEED IT SOON! PLEASE
If f(x) = x2 − 6x − 4 and g(x) = 5x + 3, what is (f + g)(−3)?
41
35
11
−35

Answers

Answer:

11

Step-by-step explanation:

(f + g)(x)

= f(x) + g(x)

= x² - 6x - 4 +5x + 3 ← collect like terms

= x² - x - 1

then

(f + g)(- 3) = (- 3)² - (- 3) - 1 = 9 + 3 - 1 = 11

Answer:

11

Step-by-step explanation:

F(–3)=(–3)²–6(–3)–4===> 9+18–4=23

g(–3)=5(–3)+3=‐15+3=–12

23–12=11

(basic algebra) please help me with question:

Answers

Read the graph and you should see that at 4 years, the green bar (U Boxer) becomes more then the red bar (cost of new computer.)

Please help i dont get this at all so please i will highly appreciate it .Thank youuu!!!

Answers

Answer:

2nd box, 4th box and  5th box

Step-by-step explanation:

An oatmeal container has a volume of 269 cubic inches. If the radius of the container is 3 cm, which statement below describes how to calculate the height?

Answers

The height of the volume of the container is 93.898cm.

We have given that,

An oatmeal container has a volume of 269 cubic inches.

Volume=269 cubic inches.

Radius=3cm

What is the formula for volume?

[tex]V=\pi r^2h[/tex]

[tex]269=\pi (3)^2h\\\269=9\pi h\\\h=\frac{269\pi }{9}\h=93.89871[/tex]

The height of the volume of the container is 93.898cm.

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It takes 405 bricks to build 1 wall of a room. If there are 5 rooms (with 4 walls each), how many bricks will be needed to build all the walls?

Answers

Answer:

Bricks for 1 wall= 405

If there are 5 rooms with 4 walls,

Walls= 5 x 4= 20

Bricks= 405 x 20

= 8100

Mark me the brainliest pleeeeeaseee :)

8,100
Multiply the number of bricks by the number of walls and then by the number of rooms

Which equation best describes this line?

Answers

The answer is probably C

Find the range of the given function y = 3x + 2 for the domain 4 and -4. ​

Answers

Answer:

Range: (-10 , 14)

Step-by-step explanation:

Given information:

Equation: y = 3x +2Domain: (-4 , 4)

Range: (x , y)?

Plug in domain of x = -4 and x = 4 into equation to find range.

f(-4) = 3 * -4 + 2 = -10

f(4) = 12 + 2 = 14

Range: (-10 , 14)

!!!! PLEASE HELP !!!!
The senior classes at High School A and High School B planned separate trips to
New York City. The senior class at High School A rented and filled 4 vans and 3
buses with 133 students. High School B rented and filled 9 vans and 1 bus with 167
students. Each van and each bus carried the same number of students. How
many students can a van carry? How many students can a bus carry
A) Van: 23, Bus: 16
C) Van: 6, Bus: 34
B) Van: 25, Bus: 36
D) Van: 16, Bus: 23

Answers

Answer for the question is B

Which expression is equivalent to |8|+|-7|​

Answers

Answer:

8 + 7.

Step-by-step explanation: It is absolute value.

m∠a=(48−x)°m∠b=(9x−38)°m∠c=90°

Answers

Answer:

Option C:

m∠a = 38°m∠b = 52°m∠c = 90°

Step-by-step explanation:

Hello!

The sum of all angles in a triangle is 180°.

Add up all the angles and solve for x by setting the equation to 180°.

Solve for x∠a + ∠b + ∠c = 180°(48 - x)° + (9x - 38)° + 90° = 180°10° + 8x + 90° = 180°8x = 180° - 90° - 10°8x = 80°x = 10°

Now that we solved for x, we can plug it back into each equation to solve for each angle.

Angle A48° - x48° - 10°38°Angle B9x - 38°9(10°) - 38°90° - 38°52°Angle C90°

The answer is Option C:

m∠a = 38°m∠b = 52°m∠c = 90°

Please help!!!!! ASAP, If you can, i would love the steps on how to do it!! Thanks

Answers

Answer:

(5,18)  & (-5 , 38)

Step-by-step explanation:

Solutions of linear and quadratic system of equations:

  A linear equation represented by a line in a graph intersect the quadratic equation represented by a parabola zero, one or two times.

f(x) = x² - 2x + 3   -------------------(I)  

f(x) = -2x + 28   ---------------------(II)

x² - 2x + 3 = -2x + 28

x² - 2x + 2x + 3 - 28 = 0

x² - 25 = 0

x²         = 25

         x = √25 = √5*5

        x = ± 5

Plugin x = 5 in equation (II),

                    f(5) = -2*5 + 28

                          = -10 + 28

                          = 18

(5 , 18)

Plugin x = -5 in equation (II),

 f(-5) = -2*(-5) + 28

         = 10 + 28

         = 38

(-5, 38)

                         

Answer:

(5, 18) and (-5, 38)

Step-by-step explanation:

Given system of equations:

1) f(x) = x² - 2x + 3 ⇒ y = x² - 2x + 3

2) f(x) = -2x + 28 ⇒ y = -2x + 28

Solve using the Substitution Method:

Step 1: Substitute the the first equation into the second equation.

⇒ x² - 2x + 3 = -2x + 28

Step 2: Solve for x.

x² - 2x + 3 = -2x + 28 [ Add 2x to both sides. ]

x² - 2x + 2x + 3 = -2x + 2x + 28

⇒ x² + 3 = 28 [ Subtract 28 from both sides. ]

x² + 3 - 28 = 28 - 28

⇒ x² - 25 = 0 [ Factor using the following rule: a² - b² = (a - b)(a + b). ]  

(x - 5)(x + 5) = 0

⇒ x - 5 = 0, x + 5 = 0 [ Solve for the values of x. ]

x - 5 + 5 = 0 + 5, x + 5 - 5 = 0 - 5

x = 5, x = -5

Step 3: Solve for y.

Substitute the found x-values into one of the given equations.

y = x² - 2x + 3 ⇒ y = (5)² - 2(5) + 3 ⇒ y = 25 - 10 + 3 ⇒ y = 18

y = x² - 2x + 3 ⇒ y = (-5)² - 2(-5) + 3 ⇒ y = 25 + 10 + 3 ⇒ y = 38

The solutions to the system of equations are:

⟹ x₁ = 5, y₁ = 18 ⇒ (5, 18)

⟹ x₂ = -5, y₂ = 38 ⇒ (-5, 38)

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If L (-5,4),M(2,2), N(0,-3), S(-7,-1), what is the length of diagonal LN

Answers

The length of the diagonal LN would be 8.60 units.

To find the distance between the two coordinates, We use distance formula ;

[tex]d = \sqrt{(x_2 - x_1)^2 + (y_2-y_1)^2}[/tex]
Lets put the values of L and N,
d= [tex]\sqrt{(0 - -5)^2 + (-3-4)^2}[/tex]

d =[tex]\sqrt{25+49}[/tex]

d= [tex]\sqrt{74}[/tex]

d= 8.60 units

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x varies directly as y. Find x when y=12 and k=6

Answers

72

x varies directly as y

hence x=k y

k=6

y=12

x=6×12

x=72

The sum of the series: -2+(-8) + (-32)++ (-2048) equals

I really neeed help!!! Please I’m begging you!!!!!!

Answers

Answer:

-2090

Step-by-step explanation:

1)  Remove parentheses.

-2 -8 -32 -2048

2) Simplify - 2 - 8 to -10.

-10 - 32 - 2048

3) Simplify -10-32 to -42.

-42 - 2048

4) Simplify.

-2090

Please help answer this question asap 2/11

Answers

The correct answer is option A which is the value a₃₂ = 7.

What is the matrix?

A matrix is a specific arrangement of items, particularly numbers. A matrix is a row-and-column mathematical structure. The a_{ij} element in a matrix, such as M, refers to the i-th row and j-th column element.

In the given matrix the value of a₃₂ means that the element of the third row and the second column.

So the value of a₃₂ will be 7. which is present in the third row and the second column.

Therefore the correct answer is option A which is the value a₃₂ = 7.

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If the proportion of the total disposable income spent on consumer goods and services is 93 percent and if
consumers spend 85 percent of each additional dollar, what is
a. the apc?
b. the aps?
c. the mpc?
d. the mps?

Answers

Answer:

what?????????????????

What is the degree of polynomial: 2x- root 5

Answers

Answer: 1

Step-by-step explanation:

[tex]2x-\sqrt{5}=2x^{1}-\sqrt{5}[/tex], and thus the highest exponent of x is 1

Which linear function has the steepest slope?

Answers

Answer:

[tex]y=-8x+5[/tex]

Slope-intercept form:

[tex]\implies y=mx+b[/tex] [tex](\text{m=slope};\text{b=y-intercept})[/tex]

Using the slope-intercept form, let's identify the other slopes:

Option A:

[tex]y=-8x+5[/tex]  

[tex]\text{slope}=-8[/tex]

Option B:

[tex]y-9=-2(x+1)[/tex] (This equation is in point-slope form, the slope it too the left, making it -9)

[tex]\text{slope}=-9[/tex]

Option C:

[tex]y=7x-3[/tex]

[tex]\text{slope}=7[/tex]

Option D:

[tex]y+2=6(x+10)[/tex]

[tex]\text{slope}=2[/tex]  (Using point-slope terms, we can find the slope.)

⇒ A 'steep'est slope is closest to almost having a vertical slope or pitch, or  relatively high gradient, as a hill, an ascent, stairs, etc.

[tex]\text{This could be a line }[/tex] ⇒ ([tex]\text{positive or negative}[/tex])

Hence, the linear function with the steepest slope is Option A: [tex]y=-8x+5[/tex].

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8+6=?
what is the answer to the question

Answers

Answer: 14

Step-by-step explanation:

because 8 +4 is 14

14!, when you add 8 to 6 it gives you 14

y = 7x (6/7,-1/4) ….

Answers

Answer:

This point is not on the line, NOT TRUE

Step-by-step explanation:

The equation of the line is written in the slope-intercept form,

y = mx + b

where m represents the slope

           b represents the y-intercept

where the format of a point is (x, y)

Given: y = 7x (6/7, -1/4)

we can plug in the point (6/7, -1/4)

-1/4 = 7(6/7)

-1/4 = 6

-1/4 does not equal 6 so this point is not on the line

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A website sells a dress at £20 and shoes at £25. The website has an offer: Buy a dress and shoes together and get 1 3 off the price. There is also a shipping and handling charge of £4 added at the end, after any discount. If Ruth buys both a dress and shoes, how much will she actually pay?

Answers

£36

20+25=45          Take away 13 and it's 32.   32+4 (the shipping charge) is 36. So Ruth pays 36 pounds.

please solve and tell me all that apply

Answers

Answer:

-x+4, 4+-x

Step-by-step explanation:

Obtain these answers by moving the X and 4 around and multiplying the equation by -1

dentify the method that will be used in solving for x.

5 + x = three-fourths
distributive property
multiplication property of equality
division property of equality
subtraction property of equality

Answers

Answer:

I believe you're trying to say 5+x= 3/4

please help me please

Answers

Answer:

b I think.

Step-by-step explanation:

sorry if im wrong

several people are sitting evenly spaced around a circular table and the positions are labelled 1, 2 ,3 and so on .The people at positions 3 and 15 are directly opposite each other how many people are sitting at the table

Answers

12 will be opposite to 24. Then the number of the people are sitting at the table will be 24.

What is Algebra?

The analysis of mathematical representations is algebra, and the handling of those symbols is logic.

The several people are sitting evenly spaced around a circular table and the positions are labelled 1, 2, 3 and so on.

The people at positions 3 and 15 are directly opposite each other.

Then the number of the people are sitting at the table will be

1 is opposite to 13

2 is opposite to 14

3 is opposite to 15

Similarly, 12 will be opposite to 24.

Then the number of the people are sitting at the table will be 24.

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