Ivan put 500 000ISK (Icelandic Krona) and Blake put 700 000ISK into savings accounts
at different banks.
After 8 years, Ivan and Blake have the same amount of money in their accounts.
They both receive interest compounded quarterly and Blake has an annual interest rate
that is half of Ivan's annual interest rate.
Work out the annual interest rate that Blake receives.

Answers

Answer 1

Using compound interest, it is found that Blake receives an annual rate of 4.27%.

Compound interest:

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

A(t) is the amount of money after t years.  P is the principal(the initial sum of money).  r is the interest rate(as a decimal value).  n is the number of times that interest is compounded per year.  t is the time in years for which the money is invested or borrowed.

Ivan's parameters are given by:

Put 500 000 ISK, hence [tex]P = 500000[/tex]8 years, hence [tex]t = 8[/tex]Quarterly compounding, hence [tex]n = 4[/tex]Interest rate of r.

Hence:

[tex]A_i(t) = P\left(1 + \frac{r}{n}\right)^{nt}[/tex]

[tex]A_i(t) = 500000\left(1 + \frac{r}{4}\right)^{32}[/tex]

[tex]A_i(t) = 500000(1 + 0.25r)^{32}[/tex]

Blake's parameters are given by:

Put 700 000 ISK, hence [tex]P = 700000[/tex]8 years, hence [tex]t = 8[/tex]Quarterly compounding, hence [tex]n = 4[/tex]Interest rate that is half of Ivan's, hence [tex]\frac{r}{2}[/tex]

Thus:

[tex]A_b(t) = P\left(1 + \frac{r}{n}\right)^{nt}[/tex]

[tex]A_b(t) = 700000(1 + 0.125r)^{32}[/tex]

These amounts are equal, hence:

[tex]A_i(t) = A_b(t)[/tex]

[tex]500000(1 + 0.25r)^{32} = 700000(1 + 0.125r)^{32}[/tex]

[tex]\left(\frac{1 + 0.25r}{1 + 0.125r}\right)^{32} = \frac{700000}{500000}[/tex]

[tex]\left(\frac{1 + 0.25r}{1 + 0.125r}\right)^{32} = \frac{7}{5}[/tex]

[tex]\sqrt[32]{\left(\frac{1 + 0.25r}{1 + 0.125r}\right)^{32}} = \sqrt[32]{\frac{7}{5}}[/tex]

[tex]\frac{1 + 0.25r}{1 + 0.125r} = \left(\frac{7}{5}\right)^{\frac{1}{32}}[/tex]

[tex]\frac{1 + 0.25r}{1 + 0.125r} = 1.01057023172 [/tex]

[tex]1 + 0.25r = 1.01057023172 + 0.12632127896r[/tex]

[tex]0.12367872103r = 0.01057023172 [/tex]

[tex]r = \frac{0.01057023172}{0.12367872103}[/tex]

[tex]r = 0.0854[/tex]

Blake's rate is:

[tex]\frac{r}{2} = \frac{0.0855}{2} = 0.0427[/tex]

Blake receives an annual rate of 4.27%.

A similar problem is given at https://brainly.com/question/24507395


Related Questions

find the sum
(2x+6)+(4x-12)
HELp

Answers

Answer:

6x-6

Step-by-step explanation:

(2x+6)+(4x-12)=2x+6+4x-12

                      =6x-6

6x-6, you add both x values and and then add the 6+(-12) leaving you with -6

Thank You In Advance For Whoever Answers

Answers

Answer:

97.6 in^3

Step-by-step explanation:

find the volume of the cylinder and then find the volume of the cone. the formula for the volume of the cylinder is pi*r^2*h. the formula for the volume of the cone is 1/3*pi*r^2*h. r=d/2=4/2=2, h(cylinder)=8, h(cone)=0.7. now just plug these values into the formulas.

cylinder: pi*2^2*8=100.531

cone: 1/3*pi*2^2*0.7=2.932

cylinder-cone= 100.531-2.932=97.599. round to the nearest tenth to get 97.6

two rays that have a common endpoint and form a line

Answers

Answer:      Overview. An angle is the union of two rays with a common endpoint. The common endpoint of the rays is called the vertex of the angle, and the rays themselves are called the sides of the angle.

Step-by-step explanation:    just have done with before! i am really good at it

8+6(1/2 +5) divided by 2 plz i need help ill give u brainlyest (plz show how to do it as well)

Answers

The answer is 21.75........

Answer:

24.5

Step-by-step explanation:

8+6(1/2 +5) divided by 2

PLEASE HELP!!!
[tex]\sqrt\frac{7}{8}[/tex] In simplest radical form

Answers

Answer:

Step-by-step explanation:

[tex]\sqrt{\frac{7}{8} } = \sqrt{\frac{7}{8}*\frac{8}{8}[/tex]

= sqrt(56)/8

Answer:

  (√14)/4

Step-by-step explanation:

You can "rationalize the denominator" after you take the root, or you can make the denominator a perfect square before you take the root.

  [tex]\sqrt{\dfrac{7}{8}}=\dfrac{\sqrt{7}}{2\sqrt{2}}=\dfrac{\sqrt{7}}{2\sqrt{2}}\cdot\dfrac{\sqrt{2}}{\sqrt{2}}=\dfrac{\sqrt{14}}{4}\\\\\sqrt{\dfrac{7}{8}}=\sqrt{\dfrac{7}{8}\cdot\dfrac{2}{2}}=\sqrt{\dfrac{14}{16}}=\dfrac{\sqrt{14}}{4}[/tex]

Alex and Maria went out for dinner. The bill was $25.80. They leave a 20% tip. How much of a tip will they leave?

Answers

Answer:

$5.16

Step-by-step explanation:

$25.80 x 20/100

Answer:

Step-by-step explanation:

Answer:

Tip Total: $ 5.16

Tip Each Person: $ 2.58

Total (Bill + Tip): $ 30.96

Total Each Person: $ 15.48

What has she done wrong?

Answers

Answer:

see explanation

Step-by-step explanation:

Her error is in squaring (2y)²

She has (2y)² = 2y²

when it should be 2y × 2y = 4y²

Then

(2y)² = 6² + 8²

4y² = 36 + 64

4y² = 100 ( divide both sides by 4 )

y² = 25 ( take square root of both sides )

y = [tex]\sqrt{25}[/tex] = 5

write the sentence as an equation

46 less than m is 54.

Can someone please help me

Answers

Answer:

m - 46 = 54

Step-by-step explanation:

46 less than m is 54,

→ m - 46 = 54

Let's solve this equation,

→ m - 46 = 54

→ m = 54 + 46

→ [ m = 100 ]

So, the answer is 100.

Find the area of the figure below, formed from a triangle and a parallelogram

Answers

Answer:

32 square millimeters

Step-by-step explanation:

Parallelogram area formula => B x h

Base = 6 mm

Height = 4 mm

Area = 24 mm^2

Triangle area formula B x h x 1/2

Base = 8 mm

Height = 2 mm

Area = 8 mm^2

Total area = 24 + 8 = 32 mm^2

The total surface area of the figure consists of a parallelogram and a triangle is 32 square millimeters so option (C) will be correct.

What is surface area?

The quantity of space enclosing a three-dimensional shape's exterior is its surface area.

If we say side square then it is an area of the square but for a cuboid, there are 6 faces so the surface area will be external to all 6 surfaces area.

As per the given parallelogram and a triangle,

The bigger side of parallelogram = 6 + 2 = 8mm

Smaller side = 6mm

The perpendicular distance between the sides of the parallelogram = 4mm

The base of the triangle = 2mm

Height of triangle = 4 mm

Therefore, the complete area

(1/2)[8 + 6)×4 + (1/2)×2×4 = 32 mm²

Hence "The total surface area of the figure consists of a parallelogram and a triangle is 32 square millimeters".

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A seat for all games,events,concerts,and performances cost $900 there are 48 events in total but Alex only attended 14 how much did he pay.

Answers

Answer = $262.5

$900/ 48 = 18.75
$18.75 x 14 = 262.5

The Picture is attached below

Answers

Answer:

Step-by-step explanation:

A relationship between x and y is defined by the equation − 5 x + 3 y = 12 , where x is the input and y is the output. Indicate whether each of these statements about the relationship is true or false by selecting a box in each row. Statement True False y is a function of x . The graph of the relationship is a line. The graph of the relationship passes through the origin. When the input is 6, the output is 14.

Answers

Answer:

Step-by-step explanation:

y is a function of x . TRUE

The graph of the relationship is a line.  TRUE

The graph of the relationship passes through the origin.  - it in standard form, when you plugin 0 for x or y, you get the other intersect( x-intercept: (12/-5,0) y-intercept: (0,4)) so it dosent go throught the origin. FALSE

When the input is 6, the output is 14. TRUE

-5(6)+3(14)=12

-30+42=12

12=12

Answer:

y is a function-TRUE

The graph of the relationship is a line-TRUE

The graph of the relationship passes through the origin-FALSE

When the input is 6, the output is 14-TRUE

help me please question in picture​

Answers

Answer:

the answer is 3x as that is the slope

Answer:

3

Step-by-step explanation:

yeah < 3


Scott makes $12 per hour babysitting and $8 per hour working at the grocery store. He will need to make
at least $600 to buy a new computer

Answers

What am I solving for it doesn’t give a specific question.

Scott needs to work at least 30 hours to make at least $600 and buy a new computer.

Let's denote the number of hours Scott works as "x" for both babysitting and working at the grocery store.

For babysitting, he earns $12 per hour.

For working at the grocery store, he earns $8 per hour.

So, his earnings from babysitting are 12x dollars, and his earnings from working at the grocery store are 8x dollars.

He needs to make at least $600 to buy a new computer.

Therefore, we can write the equation:

12x + 8x ≥ 600

Combine the like terms:

20x ≥ 600

Now, solve for x by dividing both sides of the inequality by 20:

x ≥ 600 / 20

x ≥ 30

Hence, Scott needs to work at least 30 hours to make at least $600 and buy a new computer.

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Complete question:

"Scott earns $12 per hour babysitting and $8 per hour working at the grocery store. He wants to buy a new computer that costs at least $600. How many hours does Scott need to work, combining both jobs, to save up enough money for the new computer?"

y = –15x + 375.
Graph the linear equation.

Answers

Answer:

the required graph is in the attachment.

Step-by-step explanation:

Triangle RAD is reflected over the x-axis to form triangleR'A'D' (not shown). Then triangle R'A'D'is

translated to form triangle R" A"D"(not shown). Point A" is shown plotted on the xy-plane after the second

transformation. Determine the coordinates of D"?

OD" (7,2)

O D" (9,-10)

OD" (4,-2)

OD" (7-10).

Answers

Answer:

(7,-10)

Very educated guess

which of the following numbers closest to 6? 34, 37, 38, 33.

Answers

33 is the closest number if talking about math but in the question 34 is the number closest to 6 in your question

discount is calculated on which price

Answers

Answer:

The discount is list price minus the sale price then divided by the list price and multiplied by 100 to get a percentage. Where: L = List Price. S = Sale Price

A high school teacher teaches three classes per day. Her first class has double the number of students as her
second class, while her third class has 5 more students than her second class. In total, she teaches 65 students.
The equation 2x + x + (x + 5) = 65 represents this scenario, where x is the number of students in her
second class.
How many students are in her second class?

Answers

Answer: 15 students in her second class.

Step-by-step explanation:

Let A, B, and C stand for the number of students in each class. See the attached table.

The column labelled "Students" is formed by assinging B to the second class and finding how the other two classes relate to B. Class A has twice as many students as class B, so A = 2B. Class C has 5 more students than B, so C = B+5.

The total students amount to 65, whcih is the sum of A, B, and C:

A + B + C = 65

Substitute the values of A and C into this equation:

A + B + C = 65

2B + B + (B+5) = 65

4B + 5 = 65

4B = 60

B = 16

Use B=16 and solve for the other two classes (dotted blue line).

grace read 4 days a this week. She reads 10 minutes each day. if her teacher wants her to read a total of 60 minutes, how many more minutes does grace need to still read?

Answers

Answer: 20 more minutes

Step-by-step explanation:

Grace has already read 40 minutes due to her reading 4 times a week and 10 minutes each time(4x10=40). She has 20 more minutes to read as there as 60 minutes in a hour  

Grace needs 20 minutes more to read.

What is Unitary Method?

The unitary technique involves first determining the value of a single unit, followed by the value of the necessary number of units.

For example, Let's say Ram spends 36 Rs. for a dozen (12) bananas.

12 bananas will set you back 36 Rs. 1 banana costs 36 x 12 = 3 Rupees.

As a result, one banana costs three rupees. Let's say we need to calculate the price of 15 bananas.

This may be done as follows: 15 bananas cost 3 rupees each; 15 units cost 45 rupees.

Given:

Grace read 4 days a this week.

In one day she read= 10 minutes

So, in 4 days she read = 4 x 10

                                     = 40 minutes.

So, total time taken = 60 minutes.

Thus, she needs to read (60 - 40) = 20 minutes.

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A company has $7,200 to send its employees to a conference. The conference costs $900 for each employee who attends. How many employees can the company send to the conference?

Answers

The company can only send 8 people to the conference. 7200 dollars/900 dollars a person gives you 8 people as the dollar amounts cancel out

Umm so I'm confused
The question says
5x - 2y = 24
x + 2y = 12

Answers

Answer:

Step-by-step explanation:

5x-2y=24

x+2y=12

add the two equations

(5x-2y)+(x+2y)=24+12

6x=36

x=6

Plug in x=6 into any of the two equations

5(6)-2y=24

30-2y=24

-6= -2y

y= 3

x=6

y=3

(6,3)

Solve this. c+5.96=6.76

Answers

Answer:

c=0.8

Step-by-step explanation:

Step 1: Subtract 5.96 from both sides.

c+5.96−5.96=6.76−5.96

c=0.8

y=1/2x-4 in Standard Form

Answers

[tex]y =\dfrac 12 \cdot x -4\\\\\implies y = \dfrac{x-8}2\\\\\implies 2y = x-8\\\\\implies x -2y=8[/tex]

i need help fast please

Solve this and show steps

4.5×8-(0.4+9.6-(3.6-1.8))

Answers

Answer:

27.8

Step-by-step explanation:

You need to do brackets first

3.6-1.8 = 1.8

Then substitute

4.5 x 8- (0.4 + 9.6- 1.8)

0.4+9.6-1.8=8.2

4.5 x 8 - 8.2 =27.8

solve for x in the triangle!!!

Answers

Answer:

13

Step-by-step explanation:

Combine all like terms:

14x-2

Since there are 180 degrees in a triangle, all three angles are going to equal 180.

14x-2=180

Add 2

14x=182

Divide by 14

x=13

Rabbitton has 34 rabbits for every 8 gardens. Rabbit Ville has 48 rabbits for every 14 gardens. Which town has more rabbits per garden?

Answers

Rabbitton: 34 / 8 = 4 1/4

Rabbit Ville: 48 / 14 = 3 3/7

Rabbitton has more rabbits per garden

In a standard card deck, there are 52 different cards, which are divided into 4 suits (spades, diamonds, clubs, and hearts), with each suit containing 13 cards. What is the probability that in a randomly selected rearrangement of the card deck, the 3 of spades is after all the hearts

Answers

In a given permutation of 52 cards, if the 3 of spades is to follow all of the hearts, that means the 3 of spades must be at least the 14th card in the deck.

Consider some possible orderings of the deck:

• If the 3 of spades is the 14th card, then the deck looks like

[all 13 ♥] … 3 ♠ … [all other 38 cards]

There are 13! ways to arrange the 13 hearts at the beginning and 38! ways to arrange the tail of 38 cards. Hence there are 13! × 38! possible rearrangements of the deck where 3 ♠ is the 14th card.

• If 3 ♠ is the 15th card, then the deck looks like

[13 ♥ and 1 other] … 3 ♠ … [all other 37 cards]

and there would be 14! × 37! ways of arranging the cards in this order.

There are 39 possible positions for 3 ♠. Extrapolating, it follows that the total number of permutations of the deck in which all hearts occur before 3 ♠ is

[tex]\displaystyle \sum_{k=0}^{38} (13+k)! \times (38-k)![/tex]

There are 52! total possible ways of rearranging the deck. Then the probability of rearranging the deck so that all hearts are drawn before 3 ♠ is

[tex]\displaystyle \frac1{52!} \sum_{k=0}^{38} (13+k)! \times (38-k)! = \frac{87,031,512,096,420,449}{221,360,321,731,856,907,600} \approx \boxed{0.000393}[/tex]

y is inversely proportional to x.
When x = 2.5, y = 4.
Find the value of y when x = 8.

Answers

Answer:

y = 32/2.5

Step-by-step explanation:

formula:

y=kx

k = y/x

k= 4/2.5

so this is k

y = 4/2.5 x

y = 4 / 2.5 × 8

y = 32/2.5

answer.) y = 32/2.5

hope it was helpful

thank you

help me please.........

Answers

Answer:

the answer is 10,700 :)

Step-by-step explanation:

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