A bank account gathers compound interest at a
rate of 5% each year.
Another bank account gathers the same amount of
money in interest by the end of each year, but
gathers compound interest each month.
If Cameron puts £4200 into the account which
gathers interest each month, how much money
would be in his account after 2 years and
7 months?
Give your answer in pounds to the nearest 1p.

Answers

Answer 1

Based on the amount that Cameron invests in the bank account that gathers interest each month, the amount in the account after 2 years and 7 months is £4,777.81

How to find the amount in the account?

The number of periods in months is:

= 2 years and 7 months

= 31 months

The periodic interest in months is:
= 5% / 12 months

= 5/12%

The amount in the bank account after 2 years and 7 months is:

= 4,200 x (1 + 5/12%)³¹

=£4,777.81

In conclusion, the amount after 2 years and 7 months have elapsed is £4,777.81

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Related Questions

Answer the question.
A juice drink contains 24% real fruit juice. Find the amount of real fruit juice in 8 ounces of the drink. (Include units in your answer. More information.)

Answers

Answer:

i think it is 24.76% of real jucie

Step-by-step explanation:

because the rest is not real jucie

If 37% of high school students said that they exercise regularly, find the probability that 5 randomly selected high school students will say that they exercise regularly. Would you consider this event likely or unlikely to occur?

Answers

Very unlikely to occur

1) In this problem, let's find the binomial probability of that event to take place.

[tex]\begin{gathered} P(X=5)=\binom{5}{5}(0.37)^5(1-0.37)^{5-5}= \\ P(X=5)=1\cdot(0.37)^5(1-0.37)^{5-5}= \\ P(X=5)=0.37^5\mleft(0.63\mright)^{5-5} \\ P(X=5)=0.0069343957 \end{gathered}[/tex]

2) Note the binomial probability of that event happening is very very low.

3) So we can state that this event is very unlikely to occur

−5x≤−15 or 7x−17≥32 please help me!!! This is due tonight and I need to get my grade up because I have under 60% in math class!! :(

Answers

Answer:1. x≥3 2. x≥7

Step-by-step explanation:

You drive 2 hours to the lake. Driving home on the same route, you decrease your speed by 25
miles per hour, increasing your drive time by 2 hours. Write and solve an equation to find how
fast you were driving to the lake.

Equation:
Solution:

Answers

Velocity differs from speed. Distance divided by time is the dimension of speed.

The speed of the vehicle while driving from home to the lake was 50 miles per hour.

What is Speed?The speed of an object, sometimes known as "v" in daily speech and kinematics, is a scalar quantity that measures how much its position changes over time or how much it changes per unit of time.

The distance traveled by an object during a time interval is equal to the duration of the interval divided by the object's speed, with the instantaneous speed being the upper limit of the average speed as the interval's duration becomes closer to zero.

Velocity differs from speed. Distance divided by time is the dimension of speed.

The meter per second (m/s) is the SI unit of speed, although the kilometer per hour (km/h) or, in the US and UK, miles per hour, is the most widely used measure in daily life (mph). The knot is a popular choice for air and sea travel.

From Home to Lake,

Let the speed of driving be 'x' miles per hour,

Time taken = 2 hours

Speed = Distance/Time

⇒ Distance = Speed x Time = 2x ..................(1)

From Lake to Home,

Distance will be the same (as the same route is taken),

Speed = (x-25) miles per hour

Time = 2 + 2 = 4 hours

So, Distance = Speed x Time = 4(x-25) ....................(2)

On equating (1) and (2),

2x = 4(x-25)

simplifying the above equation, we get

⇒ 2x = 4x - 100

⇒ 4x - 2x = 100

⇒ 2x = 100

⇒ x = 100/2

⇒ x = 50

Therefore, the speed of the vehicle while driving from home to the lake was 50 miles per hour.

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If 2 tan x 1- tan2 x 1 V3 then x can equal: + MT B. X= A. x=112 x- 7 C. X = ST D. X=

Answers

Solve for x

[tex]\frac{2\tan (x)}{1-tan^2(x)}=\frac{1}{\sqrt[]{3}}[/tex]

Step 1: Let tan(x) represent y

[tex]\begin{gathered} \frac{2y}{1-y^2}=\frac{1}{\sqrt[]{3}} \\ \text{cross multiply} \\ 1-y^2=2\sqrt[]{3}y \\ y^2+2\sqrt[]{3}y-1=0 \end{gathered}[/tex]

Step 2: Using quadratic equation solve for y

[tex]\begin{gathered} y^2+2\sqrt[]{3}y-1=0 \\ y=\frac{-b\pm\sqrt[]{b^2-4ac}}{2a} \\ a=1,b=2\sqrt[]{3},c=-1 \\ y=\frac{-2\sqrt[]{3}\pm\sqrt[]{(2\sqrt[]{3})^2-4(1)(-1)}}{2(1)} \\ y=\frac{-2\sqrt[]{3}\pm\sqrt[]{12+4}}{2} \\ y=\frac{-2\sqrt[]{3}\pm\sqrt[]{16}}{2} \\ y=\frac{2(-\sqrt[]{3}\pm2)}{2} \\ y=-\sqrt[]{3}\pm2 \end{gathered}[/tex]

Since the y represents tan x

[tex]\begin{gathered} \tan \mleft(x\mright)=-\sqrt{3}-2,\: \tan \mleft(x\mright)=2-\sqrt{3} \\ x=\arctan \mleft(-\sqrt{3}-2\mright)+\pi n,\: x=\arctan \mleft(2-\sqrt{3}\mright)+\pi n \\ x\text{ in degrees} \\ \: x=-75^{\circ\: }+180^{\circ\: }n,\: x=15^{\circ\: }+180^{\circ\: }n \\ \: x=15^{\circ\: }+180^{\circ\: }n \end{gathered}[/tex]

Therefore the correct answer is

[tex]x=\frac{\pi}{12}+n\pi[/tex]

Hence the correct answer is Option B

Help please!!!!!!!!!!!!!

Answers

19625/12 lb

Convert into improper fractions for easier calculation. Then convert the units from cubic feet to pounds using the given conversion factor.

See details:

heyyyyyyyyyyyyyyyyyyy

Answers

The statement says that Kristen read a total of 18 books over 3 months.

And then ask us to calculate the numbers of books that he will read in a period of 5 months.

In order to calculate that, we must determine first how many books Kristen read in a month.

# of books that Kristen read in a month = 18 books / 3 months = 6 books / month

So, in order to calculate the number of books that Kristen read in 5 month, we just multiply:

5 months * 6 books/month = 30 books (answer)

Which equation represents this graph?

Answers

In the picture there is a graph with one line. The equation of the line is x+2y=1.

Given that,

In the picture there is a graph with one line.

We have to find the equation of the line in the graph.

The points on line are (2,1) and (0,3).

The slope of the line formula is

m=[tex]\frac{y_{2} -y_{1} }{x_{2} -x_{1} }[/tex]

m=(3-2)/(0-2)

m=1/(-2)

m=-1/2

The equation of the line formula is y=mx+b

Take point (2,1) as (x,y).

2=(-1/2)1+b

1=-1/2+b

b=1-1/2

b=2-1/2

b=1/2

The equation of the line is y=-1/2x+1/2

2y=-x+1

x+2y=1

Therefore, the equation of the line is x+2y=1.

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What’s the correct answer answer now for brainlist

Answers

the answer to this would be D

I WILL GIVE YOU BRAINLIEST PLEASE HELPPPP

Answers

-50.415

Two negatives make a positive.

-63.7 + 13.285 = -50.415

Find the LCD for:

2/x²-x-12, 1/x² - 16

Answers

The LCD for the expressions is (x + 3)(x² - 16)

How to calculate the LCD for the expressions?

The expressions are given as

2/x² - x - 12 and 1/x² - 16

Write out the denominator of the expressions

This is represented as

x² - x - 12 and x² - 16

Factorize the above denominators

This gives

x² - x - 12 = (x+3)(x-4)

x² - 16 = (x-4)(x+4)

Multiply the common factors without repetition

LCD = (x+3)(x-4)(x+4)

Evaluate the products

LCD = (x + 3)(x² - 16)

Hence, the LCD in this case is (x + 3)(x² - 16)

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This graph shows a proportional relationship.500450400350300Words2502001501005023455670010Time (minutes)What is the unit rate shown by the graph?75 minutes per word1.25 minutes per word1.25 words per minute75 words per minute

Answers

In the graph we can see that the person wrote 300 words after 4 minutes. so the rate is:

[tex]\frac{300}{4}=75[/tex]

75 words per minute

PLS HELP I NEED IT IM GOING TO GET AGRDE ON THIS PLE HELP

Answers

Answer:  The answer is 6 presents

Step-by-step explanation:  Here is the math: He used 25 cm of tape to wrap 5 presents, so that is 25/5= 5 cm of tape per present. Now you take 30 cm of tape and divide it by 5 = 6 presents wrapped with 30 cm of tape.

fing the square root of 225 with process class 5​

Answers

The Square root of 225 is 15

What is division ?

The act of repeatedly subtracting is called division. It functions in the opposite way to how multiplication works. Forming equal groups is how it is described. When dividing numbers, we split a larger number into smaller ones so that the product of the multiplication of those smaller numbers equals the larger number that was divided. As an illustration, 4 2 = 2. This knowledge can be expressed as the multiplication 2 x 2 = 4.

Given that :Square root of 225

225  = 3 × 75

225 = 3 × 3 ×25

225 = 3 ×3 × 5 ×5

225 = 3² × 5²

225 = (3 × 5)²

225 = 15²

√225 = 15

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What is the rate of return when 10 shares of Stock
A, purchased for $30/share, are sold for $380? The
commission on the sale is $6.
Rate of Return = [?] %
Give your answer as a percent rounded to the
nearest tenth.

Answers

Answer:

  24.7%

Step-by-step explanation:

You want to know the rate of return if 10 shares of stock purchased at $30 per share are sold for $380 with a commission on the sale of $6.

Return

The net proceeds from the sale will be ...

  $380 -6 = $374

Rate of return

The percentage change in stock value is ...

  % change = (proceeds/cost -1) × 100%

  % change = (374/300 -1) × 100% ≈ 24.7%

The rate of return on the stock is about 24.7%.

<95141404393>

in
ABC, ABC is a right angle AB=3 units, and BC=2 units &ABC is dilated by a scale factor of 0.5 with point 8 as the center of dilation, resulting
in the image AABC. Which statement about AB is true?
OA AB is 15 units long but lies on a different line than AB
OB AB is 3 units long but lies on a different line than AB
OC AB is 3 units long and lies on the same line as AB
OD. AB is 1.5 units long and lies on the same line as AB?

Answers

Answer:

A'B' is 1.5 units long and lies on the same line as AB.

Step-by-step explanation:

If AB = 3 units, BC = 2 units and a scale factor of 0.5 is applied, then A'B = 3*0.5 = 1.5 and B'C = 2* 0.5 = 1. Given that the point B is taken as the center of dilation then, segments A'B lies on the same line as AB and B'C lies on the same line as BC.

Please help I’ll mark you as brainliest if correct!!

Answers

The sequences are :

a. 2 , 16 , 18 , 54 , 162  is Geometric progression

Three terms : 486, 1458, 4374.

b. 1, 6 , 11, 16, 21  is arithmetic  progression

Next three terms  26, 31., 36..

What is geometric progression?In a geometric progression, each element following the first is created by multiplying it by a number known as the common ratio, which is represented by the symbol r.You should be familiar with the following four main categories of sequences: arithmetic sequences, geometric sequences, quadratic sequences, and special sequences.An arithmetic progression is a set of integers with a fixed difference between any two succeeding numbers (A.P.).The terms in the sequence that result if the same number is added to or removed from each term of an A.P. are also in an A.P. with the same common difference.

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How do u determine the value of the ratio?

Answers

Answer:

Step-by-step explanation:

Divide data A by data B to find your ratio. In the example above, 5/10 = 0.5. Multiply by 100 if you want a percentage. If you want your ratio as a percentage, multiply the answer by 100.

The value of the 1 digit in 13,089 is how much greater that the value of the digit one in 30,124

Answers

For 13,089 - the value of the digit 1 is ten thousand or 10,000

For 30,124 - the value of the digit 1 is one hundred or 100

Therefore:

[tex]\frac{10000}{100}=100[/tex]

Answer: the value of the digit 1 in 13,089 is 100 times greater than the value of the digit 1 in 30,124

12 eggs cost 3 dollers how much is one egg

Answers

Answer:  25 cents

Work Shown:

12 eggs = 3 dollars

12/12 eggs = 3/12 dollars

1 egg = 0.25 dollars

1 egg = 25 cents

Answer:

.25 cents

Step-by-step explanation:

3/12= .25

.25 x 12= 4.00

To rent a certain meeting room, a college charges a reservation fee of $19 and an additional fee of $6 per hour. The chemistry club wants to spend at most $67
on renting the room. What are the possible numbers of hours the chemistry club could rent the meeting room?

Use t for the number of hours.
Write your answer as an inequality solved for t.

Answers

By estimating the linear inequality, the possible numbers of hours the chemistry club could rent the meeting room exists 9 hours.

What is meant by Linear inequalities?

In mathematics, an expression with uneven sides is referred to as an inequality. When a relationship leads to a non-equal comparison between two expressions or two numbers, it is referred to as an inequality in mathematics.

In this case, the equal sign "=" is replaced with any of the inequality symbols, such as greater than symbol (>), less than symbol (), greater than or equal to symbol (), less than or equal to symbol (), or not equal to symbol ().

Strict inequalities are denoted by the symbols "" and ">," whereas slack inequalities are denoted by "" and "". A linear inequality has the same appearance as a linear equation, but uses a different symbol to link the two expressions.

To rent a certain meeting room, a college charges a reservation fee of $19 - 16 and an additional fee of $6 per hour. The chemistry club wants to spend at most $67 - 70

Given that, college charges a reservation fee of $19 and an additional fee of $6 per hour.

The chemistry club wants to spend at most $67.

To estimate the possible numbers of hours the chemistry club could rent the meeting room:

The governing inequality is

19 + 6t < 67

The solution is

t < (67-19)/6

simplifying the above equation, we get

t = 8 hours.

Therefore, the value of t = 8 hours.

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What is the volume of this rectangular prism? 1/4 cm 1/2 cm 1/3 cm

Answers

The formula of the volume of a rectangular prism

[tex]V=l\times w\times h[/tex]

we substitute the values given

l=length= 1/3cm

w=width=1/2cm

h=height=1/4cm

[tex]V=\frac{1}{3}\times\frac{1}{2}\times\frac{1}{4}=\frac{1}{24}cm^3[/tex]

What is the sign of (-2)³? What is the sign of (-3)²? Justify your answers.

Answers

Based on the given bases with powers, the sign of (-2)³  is negative.

The sign of (-3)² can be found to be positive.

The justification for the signs can be found below.

How to find the sign?

When multiplying two negative numbers, the result would be a positive number. When multiplying positive number by a negative number, the result would be negative.

(-2)³ is the same as -2 x -2 x -2 which is:

= -2 x -2 x -2

= 4 x -2

= -8

4 became positive but then became negative when multiplied by another -2.

  (-3)² is 3 x 3:

= 3 x 3

= 9

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Lin drew the following dilation of triangle AED and she made triangle ABC

What is The center of dilation is ?


The Scale factor for triangle AED to triangle ABC is?

Answers

1. A, as A is the shared vertex of both triangles. and 2. The original is ABC, and the dilated version is AED. as triangle ABC's half is represented by triangle AED.

How do you calculate a triangle's dilation?

The following is a basic formula to determine a dilated figure's scale factor: Scale factor is equal to the difference between the dimensions of the old and new shapes.

What is the triangle's center of dilation?

A fixed point in the plane around which all points are enlarged or contracted is the center of a dilation.

The center, which may be found within, outside, or on a figure, is the only invariant (constant) point under a dilation (k 1).

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Which calculation correctly uses prime factorization to write in simplest form?

Answers

Which calculate correctly uses time

The owners of a house want to knock down the wall between the kitchen and the family room.
The area of the family room is x² + 10 + 24 and the area of the kitchen is x² + 7x + 12. Write an
expression that represents the area of the new combined space.

Answers

Answer:

[tex]2x^2+7x+46[/tex]

Step-by-step explanation:

[tex](x^2+10+24)+(x^2+7x+12) \\ \\ =x^2+34+x^2+7x+12 \\ \\ =2x^2+7x+46[/tex]

Find the length of AC¯¯¯¯¯¯¯¯A. 33.13B. 377.19C. 378.63D. 2.89

Answers

The trigonometry ratios are

[tex]\begin{gathered} SinD=\frac{AK}{KD} \\ \\ tanD=\frac{AK}{AD} \\ \\ tanK=\frac{AD}{AK} \\ \\ cosK=\frac{AD}{KD} \end{gathered}[/tex]

AD = 31

AK = 24

Since we do not have the length of KD, then

The value of sinD and cosK are wrong

Let us find tanD and tanK to check which one is right

[tex]tanD=\frac{24}{31}[/tex]

But the given value is 31/24, then tanD is wrong

[tex]tanK=\frac{31}{24}[/tex]

It is the same with the given value

The correct option is C

The parent function f(x)=3√x is transformed to g(x)=f(x+2)-4 which is the graph of g

Answers

the answer for this is A

A candy company developed a new consumer product that is expected to earn $3,000 in profit each year if consumer demand is low, $19,000 per
year if consumer demand is moderate, and $31,000 per year if consumer demand is high. The probability of low, moderate, and high demand is
35%, 45%, and 20%, respectively. Determine the expected monetary value (EMV) for the new product.

Answers

The most appropriate choice for probability and profit will be given by:

Expected monetary value is $15800

What is probability and profit?

Probability of an event is the chance of occurance of that event.

Probability can be obtained by Number of favourable outcomes divided by the total number of outcomes

Probability varies from 0 to 1.

If the selling price of an item is more than its cost price, difference between the selling price and the cost price gives the profit.

Profit if consumer demand is low = $3000

Profit if consumer demand is moderate = $19000

Profit if consumer demand is high = $31000

Probability of low demand = 35%

Probability of moderate demand = 45%

Probability of high demand = 20%

Expected monetary value = $([tex]3000 \times \frac{35}{100}+19000 \times \frac{45}{100}+ 31000 \times \frac{20}{100}\\[/tex])

                                           = $([tex]1050 + 8550+6200[/tex])

                                           = $[tex]15800[/tex]

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You deposit $200 in an account earning 2% interest compounded annually. How much will you have in the account in 20 years?

Answers

Answer:

221

Step-by-step explanation:

Interest goes up 5 dollar each year

$297.19
=200x(1+2%/1)^(20x1)
=$200x (1+2% interest/1 compounded annually)^(20 years x 1 compounded annually)
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