Bert opened a savings account 4 years ago the account earns 13%interest compounded monthly if the current balance is 1,000.00 how much did he deposit initially

Answers

Answer 1

To answer this question we need to remember the formula:

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

where r is the interest rate, n is the number of times it is compounded in a given time t.

In this case we know that A=1,000, r=0.13, n=12 and t=13. Plugging this values in the formula and solving for P we have:

[tex]\begin{gathered} 1000=P(1+\frac{0.13}{12})^{12\cdot4} \\ P=\frac{1000}{(1+\frac{0.13}{12})^{12\cdot4}} \\ P=596.19 \end{gathered}[/tex]

Therefore, the initial deposit was $596.19


Related Questions

3. Jeremy asked a sample of 40 8th grade students whether or not they had a curfew. He then asked if they had a set bedtime for school nights. He recorded his data in this two-way frequency table. Bedtime 21 Curfew No Curfew Total No Bedtime Total 4 25 12 16 40 3 15 24 a. What percentage of students surveyed have a bed time but no curfew?

Answers

40 students (the total) represents 100%

To find what percentage represents 3 students (number of students with bedtime but no curfew), we can use the next proportion:

[tex]\frac{40\text{ students}}{3\text{ students}}=\frac{100\text{ \%}}{x\text{ \%}}[/tex]

Solving for x,

[tex]\begin{gathered} 40\cdot x=100\cdot3 \\ x=\frac{300}{40} \\ x=7.5\text{ \%} \end{gathered}[/tex]

In a charity triathlon, Mark ran half the distance and swam a quarter of the distance when he took a quick break to get a drink of Gatorade he was just starting to bite the remaining 12 miles what was the total distance of the race?

Answers

[tex]\begin{gathered} x=Total\text{ distance} \\ Mark\text{ ran half the distance}=\frac{x}{2} \\ Mark\text{ swam a quarter of the distance}=\frac{x}{4} \\ Mark\text{ will bike 12 miles } \\ Hence \\ \frac{x}{2}+\frac{x}{4}+12=x \\ \frac{3}{4}x+12=x \\ Solving\text{ x} \\ 12=x-\frac{3}{4}x \\ 12=\frac{x}{4} \\ x=12\ast4 \\ x=48 \\ The\text{ total distance of the race was 48 miles.} \end{gathered}[/tex]

to rent a van a moving company charges $40.00 plus $0.50per miles

Answers

The problem talks about the cost for renting a van, which can be calculated adding $40.00 plus $0.50 for each mile.

The problem asks to wirte an explicit equation in slope-intercept form which can represent the cost of renting a van depending on the amount of miles. Then, the problem asks to find the cost if you drove 250 miles.

Finding the final amount in a word problem on continuous exponential growth or decay

Answers

Given:

The mass of radioactive follows an exponential decay model

The initial mass = 418 kg

Decreases at a rate = r = 4% per day

So, the general formula for the mass will be:

[tex]m=418\cdot(1-0.04)^d[/tex]

where: (m) is the mass after (d) days

So, to find the mass after 2 days, we will substitute with d = 2

so,

[tex]m=418\cdot(1-0.04)^2=418\cdot0.96^2=385.2288[/tex]

rounding to the nearest tenth

so, the answer will be mass after 2 days = 385.2 kg

Determine the value of x Round results to an appropriate number of significant digits

Answers

Given

Find

The value of x.

Explanation

length of AB = 22 - 3 = 19

using the trignometric ratios , we have

[tex]\begin{gathered} \sin13\degree=\frac{BD}{AB} \\ \sin13\degree=\frac{\frac{x}{2}}{19} \\ \sin13\degree\times38=x \\ 8.548=x \end{gathered}[/tex]

Final Answer

Therefore , the length of x is 8.548

I buy 8640 in3 of stuffing for a crafts project, but the instructions are in ft3. How many ft3 of fabric do I have?

Answers

We need to convert 8640 in³ into ft³.

1 in³ is equal to 0.0005787037 cubic feet.

Hence, we can convert it using the rule of three:

Then:

1 in³----------- 0.0005787037ft³

8640 in³ ----------- x

where x= (8640in³*0.0005787037 ft³)1 in³

x = 5ft³

Hence, you have 5ft³ of fabric.

Determine whether the graph shown is the graph of a polynomial function

Answers

the given graph is smooth and its domain is containing all real numbers

so it is a polynomial function.

I need help on this i tried and it was wrong

Answers

Given the Division:

[tex]420\div10[/tex]

You can identify that have to divide 420 by 10. This means that you need to move the Decimal Point 1 place to the left. Notice that, if you do this, you get:

[tex]=42.0[/tex]

Notice that now the digit that was placed in the Ones Place, is in the Tenths Place. Therefore, each original digit was shifted one place to the right.

Hence, the answer is:

Find the volume of a cone with a height of 10cm and diameter of 6cm. Round to the nearest tenth. Use 3.14 for .

Answers

We can find the volume of a cone using the formula

[tex]V=\frac{\pi r^2h}{3}[/tex]

Where

h = height

r = radius

Remember that

[tex]d=2r\Rightarrow r=\frac{d}{2}[/tex]

Therefore, let's find out the radius first, the problem says that the diameter is 6cm, then

[tex]r=\frac{6}{2}=3\text{ cm}[/tex]

The radius is 3cm and the height is 10cm, let's use it in our formula:

[tex]\begin{gathered} V=\frac{\pi\cdot(3)^2\cdot10}{3} \\ \\ V=30\pi \end{gathered}[/tex]

The problem also say to use = 3.14, then the volume is

[tex]\begin{gathered} V=30\cdot3.14 \\ V=94.2 \end{gathered}[/tex]

Therefore, the volume is

[tex]V=94.2\text{ cm}^3[/tex]

Describe the two different methods shown for writing the complex expression in standard form. Which method do you prefer? Explain

Answers

The first method simlpy executes the distributive property of multiplication over addition, and the definition of the imaginary number, i.

The second method factored out 4i first then perform the operation on the terms left inside the parenthesis , then executes the distributive property of multiplication over addition and the definition of the imaginary number, i.

I prefer the first method . It's simple and straight forward,

how do we do this one there two parts to i t

Answers

Given:

[tex]8\sqrt{y}=x-5y[/tex]

Find: differentiation

Explanation: on differentitaion with respect to x

[tex]\begin{gathered} 8\sqrt{y}=x-5y \\ \frac{8}{2}y^{\frac{-1}{2}}\frac{dy}{dx}=1-5\frac{dy}{dx} \\ 4y^{\frac{-1}{2}}\frac{dy}{dx}+5\frac{dy}{dx}=1 \\ (4y^{\frac{-1}{2}}+5)\frac{dy}{dx}=1 \\ \frac{dy}{dx}=\frac{1}{4y^{\frac{-1}{2}}+5} \end{gathered}[/tex]

[tex]\begin{gathered} \frac{-4}{2}y^{\frac{-3}{2}}\frac{dy}{dx}\frac{d^2y}{dx^2}+5\frac{d^2y}{dx^2} \\ 0=(-2y^{\frac{-3}{2}}\frac{dy}{dx}+5)\frac{d^2y}{dx^2} \\ \frac{d^2y}{dx^2}=0 \end{gathered}[/tex]

put the value of

[tex]\frac{dy}{dx}[/tex]

we get,

[tex]\begin{gathered} (-2\frac{y^{\frac{-3}{2}}}{4y^{\frac{-1}{2}}+5}+5)\frac{d^2y}{dx^2}=0 \\ \frac{d^2y}{dx^2}=0 \end{gathered}[/tex]

I’ve done all the other parts, I simply need you to graph the proabola!

Answers

Given

[tex]y=x^2-4x+3[/tex]

Find

Graph the parabola of the given function

Explanation

[tex]y=x^2-4x+3[/tex]

solve the equation

[tex]\begin{gathered} x^2-4x+3=0 \\ x^2-3x-x+3=0 \\ x(x-3)-(x-3)=0 \\ (x-1)(x-3)=0 \\ x=1,3 \end{gathered}[/tex]

vertex can be found by using the formula,

[tex]-\frac{b}{2a}=-\frac{-4}{2}=2[/tex]

x = 2 , substitute this in equation to get y value,

y = -1

if x = 0 then y =3 and if y= 0 then x = 1, 3

Final Answer

You draw 7 cards from a standard deck of cards. What is the probability of drawing 3 diamonds and 2 clubs?

Answers

Solution

For this case we can do the following:

[tex]p=\frac{\text{possible}}{\text{total}}[/tex]

and we can find the answer with this:

[tex]p=\frac{(13C3)(13C2)(26C2)}{52C7}=0.0541[/tex]

Unit 6 lesson3 plsss help

Answers

From the triangles ∠ABC ≅ ∠MNP.

Given we have two triangles ABC and PNM

Both triangles have same shape but different angles.

we need to find ∠ABC ≅ ?

we can notice that :

∠A ≅ ∠M

∠B ≅ ∠N

∠C ≅ ∠P

hence these angles are similar to each other.

So,  ∠ABC ≅ ∠MNP.

Hence we get the answer as ∠ABC ≅ ∠MNP.

Learn more about Triangles here:

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What is the equation, in slope-intercept form, of a line that passes through the points(-8,5) and (6,5)?

Answers

Given the points (-8,5) and (6,5), we can find the equation of the line first by finding the slope with the following formula:

[tex]m=\frac{y_2-y_1}{x_2-x_1}[/tex]

in this case, we have the following:

[tex]\begin{gathered} (x_1,y_1)=(-8,5) \\ (x_2,y_2)=(6,5) \\ \Rightarrow m=\frac{5-5}{6-(-8)}=\frac{0}{6+8}=0 \\ m=0 \end{gathered}[/tex]

since the slope is m = 0, we have that the line is a horizontal line that goes through the points (-8,5) and (6,6), then, the equation of the line is:

[tex]y=5[/tex]

in slope-intercept form the equation would be:

[tex]y=0x+5[/tex]

Carrie sold 112 boxes of cookies, Megan sold 126 boxes of cookies, Julie sold 202 boxes of cookies, and Ashton sold 176 boxes of cookies. what was the average number of boxes of cookies sold by each individual

Answers

Answer:

154 boxes.

Explanation:

To calculate the average number of boxes of cookies sold by each individual​, we use the formula:

[tex]\text{Average=}\frac{\text{Sum of all boxes sold}}{\text{Number of individuals}}[/tex]

This gives:

[tex]\begin{gathered} \text{Average}=\frac{112+126+202+176}{4} \\ =\frac{616}{4} \\ =154\text{ boxes} \end{gathered}[/tex]

The average number of boxes of cookies sold by each individual​ was 154 boxes.

Choose the best description of its solution. If applicable, give the solution.

Answers

Given:

[tex]\begin{gathered} -x-3y=-6\ldots\text{ (1)} \\ x+3y=6\ldots\text{ (2)} \end{gathered}[/tex]

Adding equation(1) and equation(2)

[tex]\begin{gathered} -x-3y+x+3y=-6+6 \\ 0=0 \end{gathered}[/tex]

The system has infinitely many solution .

They must satisfy the equation:

[tex]y=\frac{6-x}{3}[/tex]

Determine the height of the lift, in metres, above the gym floor. show all your work algebraically. round to the nearest cm, if necessary.

Answers

Height of lift = x + x = 2x

We can find x using triangle ABC by the cosine rule

[tex]\begin{gathered} x^2=5.6^2+5.6^2-2(5.6)(5.6)\cos40^0 \\ x^2=62.72-48.04352 \\ x^2=14.67648 \\ x=\sqrt{14.67648} \\ x=3.831m \end{gathered}[/tex]

Height of lift = 2 X 3.831m = 7.662m

This will be converted to cm by multiplying by 100

Height of lift = 7.662 X 100 cm

= 766.2 cm

= 766cm ( nearest cm )

Hence the answer is 766cm

Hey I need help on this question so today I want you help me solve it please

Answers

Definitions in Algebra

A variable is a letter or symbol that represent numbers in a general way.

A coefficient is a number that multiplies a variable

A term is a combination of numbers and variables, all of them multiplied.

An exponent represents multiple products, like 2*2*2= 2^3

The answer is shown in the image below:

The formula G=H⋅R tells us how much gross pay G a person receives for working H hours at an hourly rate of pay R. Find G.H = 37 hours and R = $6The gross pay is $? .

Answers

Given:

a.) H = 37 hours

b.) R = $6

Let's find the gross pay, G:

[tex]\text{ G = H x R}[/tex][tex]=\text{ 37 x 6}[/tex][tex]\text{ G = }222\text{ = \$222}[/tex]

Therefore, the gross pay is $222.

Ralph collected 100 pounds of aluminum cans to recycle. He plans to collect an additional 25pounds each week. Write an equation in slope-intercept form for the total of pounds, y, ofaluminum cans after x weeks. How long will it take Ralph to collect 400 pounds?

Answers

slope intercept form:

y= mx+b

Where:

m= slope

b= y-intercept

total pounds: y

number of weeks: x

the total number of pounds must be equal to the pounds already collected (100) plus the product of the number of weeks (x) and the number of pounds collected per week (25)

y= 100+25x

To collect 400 pounds, replace y by 400 and solve for x ( weeks)

400 = 100+25x

400-100= 25x

300=25x

300/25 = x

12 = x

12 weeks to collect 400 pounds

Dolphin 1 dove 200 feet underwater. Dolphin 2 dove 30% farther. After dolphin 2 dove down, it ascended 25 1/2 feet, then descended 40 1/2 feet. How far under the water is the dolphin?

Answers

Data:

Dolphin 1: 200ft

Dolphin2:

30% farther: 200ft+60ft=260ft

-Find the 30% of 200

[tex]200\cdot\frac{30}{100}=60[/tex]

Ascende 25 1/2 feet and then descended 40 1/2 feet:

Substract to the initial 260ft the 25 1/2 ft and add 40 1/2:

[tex]260-25\frac{1}{2}+40\frac{1}{2}[/tex]

To sum or substract mixed numbers write it as fractions:

[tex]\begin{gathered} 25\frac{1}{2}=\frac{50}{2}+\frac{1}{2}=\frac{51}{2} \\ \\ 40\frac{1}{2}=\frac{80}{2}+\frac{1}{2}=\frac{81}{2} \end{gathered}[/tex]

Then You have:

[tex]260-\frac{51}{2}+\frac{81}{2}[/tex]

You can also write the 260 as a fraction with the same denominator (2):

[tex]\begin{gathered} \frac{520}{2}-\frac{51}{2}+\frac{81}{2} \\ \\ =\frac{520-51+81}{2}=\frac{550}{2}=275 \end{gathered}[/tex]Then, the dolphin 2 is 275 feet under the water

For the equation E=, h is a proportionality con- stant. When 1-14, E =20. So, if n=7, what is the conesponding value of 6? O 40 O 0.1 O 10 0 0.025 O 0.25

Answers

Substitute 14 for n and 20 for E in the equation to determine the value of proportionality constant.

[tex]\begin{gathered} 20=\frac{h}{14} \\ h=20\cdot14 \\ =280 \end{gathered}[/tex]

Substitute 280 for h and 7 for n in the equation to obtain the value of E.

[tex]\begin{gathered} E=\frac{280}{7} \\ =40 \end{gathered}[/tex]

So value of E is 40.

suppose that the amount of time it takes to build a highway vadies directly with the length of the highway and inversely with the number of workers. suppose also that it takes 300 workers 22 week to build 24 miles of highway. how long will it take 225 to build 27 miles of highway

Answers

[tex]\begin{gathered} \text{Let the length of the highway be represented by L} \\ \text{Let the Time it takes be represented by: T} \\ \text{Let the number of workers be: N} \\ T\text{ }\propto\frac{L}{N} \\ \\ T\text{ =}\frac{KL}{N}------------(1) \\ \\ K\text{ = }\frac{TN}{L}\text{ = }\frac{22\text{ }\times300}{24}\text{ = 275} \\ T\text{ = ?, N = 225},\text{ L = 27} \\ using\text{ equation(1)} \\ T\text{ = }\frac{KL}{N}\text{ = }\frac{275\times27}{225}\text{ = }\frac{7425}{225}\text{ = 33w}eeks \end{gathered}[/tex]

Answer below! Thank you :) and try to explain how you got it!

Answers

The value of the equation that we have here is given as 16r² + 24

How to solve the expression

The equation that we are to simplify here is given as -2r(-13r+5r-12).

In order to open the brackets we would have to multiply -2r with all of the values that are in the bracket.

The mathematical signs that are used in the question have to be well thought of as well before the calculation is done

We would have 26r² - 10r² + 24

26r² - 10r² + 24

because they have the same powers they would be able to subtract

16r² + 24

Read more on linear expressions here:

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Linear Expressions MC)

Simplify -2r(-13r+5r-12).

O-162-24r

162+24

162+24r

O-162 + 24r

Shown in the equation are the steps a student took to solve the simple interest formula A=P(1+rt) for r

Answers

Given:

We're given the steps a student took to solve the simple interest formula.

To find:

The algebraic error in student's work.

Step-by-step solution:

Let us first solve the equation and then we will spot the error in the solution:

A = P(1 + rt)

A = p + prt

A - p = prt

A - p / pt = r

Upon comparing both solutions, we can clearly see that the student made a mistake in the second step in the multiplication process.

The student should write A = p + prt in the second step in place of

A = p + rt, because p is multiplied with the whole bracket.

Hello Professor i was confused in this question, will appreciate if u could help me with it!

Answers

Answer:

The hypotenuse is 20 V 3

Explanation:

Given that longer leg = 30

Hypotenuse is given as:

[tex]\begin{gathered} 2\times\frac{30}{\sqrt[]{3}} \\ \\ =\frac{60}{3}\sqrt[]{3} \\ \\ =20\sqrt[]{3} \end{gathered}[/tex]

A = P + PRT/100Make P the subject from the formula.

Answers

ANSWER

[tex]P=\frac{100A}{100+RT}[/tex]

EXPLANATION

We want to make the subject of the formula in the given equation:

[tex]A=P+\frac{PRT}{100}[/tex]

First, factorize the right-hand side of the equation:

[tex]A=P(1+\frac{RT}{100})[/tex]

Simplify the bracket:

[tex]A=P(\frac{100+RT}{100})[/tex]

Now, divide both sides by the term in the bracket:

[tex]\begin{gathered} \Rightarrow P=A\cdot\frac{100}{100+RT} \\ \Rightarrow P=\frac{100A}{100+RT} \end{gathered}[/tex]

That is the answer.

What is the APY for money invested at each rate?(A) 14% compounded semiannually(B) 13% compounded continuously

Answers

Answer:

Explanation:

APY means Annual Percentage Yield

The APY is given by the formula:

[tex]\text{APY}=\lbrack(1+\frac{r}{n}\rbrack^n-1[/tex]

where r is the rate (in decimals)

n is the number of times the interest was compounded

A) For the money invested at 14% compounded semiannually

r = 14% = 14/100

r = 0.14

n = 2

Substitute n = 2, r = 0.14

[tex]\begin{gathered} \text{APY = \lbrack{}1+}\frac{0.14}{2}\rbrack^2-1 \\ \text{APY}=\lbrack1+0.07\rbrack^2-1 \\ \text{APY}=\lbrack1.07\rbrack^2-1 \\ \text{APY}=0.1449 \\ \text{APY}=0.1449\times100\text{ \%} \\ \text{APY}=14.49\text{ \%} \end{gathered}[/tex]

B) For the money invested at 13% compounded continuously

How long will it take for an investment of 2900 dollars to grow to 6800 dollars, if the nominal rate of interest is 4.2 percent compounded quarterly? FV = PV(1 + r/n)^ntAnswer = ____years. (Be sure to give 4 decimal places of accuracy.)

Answers

ANSWER :

The answer is 20.3971 years

EXPLANATION :

The compounding interest formula is :

[tex]FV=PV(1+\frac{r}{n})^{nt}[/tex]

where :

FV = future value ($6800)

PV = present value ($2900)

r = rate of interest (4.2% or 0.042)

n = number of compounding in a year (4 : compounded quarterly)

t = time in years

Using the formula above :

[tex]6800=2900(1+\frac{0.042}{4})^{4t}[/tex]

Solve for t :

[tex]\begin{gathered} \frac{6800}{2900}=(1.0105)^{4t} \\ \text{ take ln of both sides :} \\ \ln(\frac{6800}{2900})=\ln(1.0105)^{4t} \\ \operatorname{\ln}(\frac{6800}{2900})=4t\operatorname{\ln}(1.0105) \\ 4t=\frac{\ln(\frac{6800}{2900})}{\ln(1.0105)} \\ t=\frac{\ln(\frac{6800}{2900})}{4\ln(1.0105)} \\ t=20.3971 \end{gathered}[/tex]

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