James wants to have earned $7,592 amount of interest in 16 years. Currently he finds that hisannual interest rate is 9.04%. Calculate how much money James needs to invest as his principal inorder to achieve this goal.Round answers to the nearest hundredth (two decimal places) of a year.

Answers

Answer 1

We know that

• The earnings are $7,592.

,

• The time is 16 years.

,

• The annual interest rate is 9.04%.

This problem is about simple interest, its formula is

[tex]A=P(1+rt)[/tex]

Where A = 7,592, r = 9.04, t = 16, and P is the principal.

Let's replace each value.

[tex]7,592=P(1+0.0904(16))[/tex]

Notice that 9.04% is equivalent to 0.0904.

Now, we solve it for P.

[tex]\begin{gathered} 7,592=P(1+1.4464) \\ 7,592=P(2.4464) \\ P=\frac{7,592}{2.4464} \\ P\approx3,103.34 \end{gathered}[/tex]Therefore, James needs to invest $3,103.34 as his principal in order to achieve the goal.


Related Questions

The graph below shows the number of bushels of soybeans a farmer harvested from his field.NUMBER OF ACRES HARVESTEDwhich set of ordered pairs could have been used to make the graph?A. (3, 125), (4, 200), (5, 225)B. (50, 1), (200, 4), (300, 6)C. (100, 2), (250, 5), (350, 7)D. (2, 100), (3, 150), (5, 250)And don't worry this is just a practice :)

Answers

From the graph, we can see that the set of ordered pairs which belongs to the line are

D). (2, 100), (3, 150), (5, 250)

Because x-axis is the first coordinate and y-axis is the second coordinate. In options B and C, they are

arranged in the wrong place. In option A, point (3,125) doesn´t belong to the line.

Use the function below to find f(-2).
f(x) = 3x
A. -6
B. -9
O C.
O D.
996
610
9

Answers

Answer:

option d is the correct answer

3² +4² + 12² is equal to n² for some positive number n . Find n.​

Answers

Answer:

n = 13

Step-by-step explanation:

For this, you need to square all of the numbers and then add them together. Most of the time, you can put them into a calculator but I will work it out below.

Squaring means multiplying a number by itself, so we get:

3² + 4² +12² =n²

Turns into:

(3*3) + (4*4) +(12*12) = n²

Then work out the multiplication:

9 + 16 + 144 = n²

Add everything together

169 = n²

Now take the square root of each side:

[tex]\sqrt{169} =\sqrt{n^{2}}[/tex]

This comes out to be:

± 13 = n

The question asks for the positive number, so you answer is:

n = 13

he table shows the gallons of water in a pool over time. A two column table with six rows. The first column, Time in minutes, has the entries, 0, 1, 2, 3, 4, 5. The second column, Water in Pool in gallons, has the entries, 50, 44, 38, 32, 26, 20. Choose the term that describes the slope of the line of a graph representing the data in the table. The slope of a line graphed to represent the volume of water in a pool over time would be described as .

Answers

The slope of the line to represent the volume of water in a pool over time would described as -10

From the given table we have to choose points to find the slope of the line

The domain is defined as the set of possible inputs of the function.

The range is defined as the set of all possible outputs of the function.

The slope of the line is the change in y coordinate with respect to the change in y coordinates

Slope of the line m = [tex]\frac{y_{2}-y_{1} }{x_{2}-x_{1} }[/tex]

Where m is the slope of the line

[tex](x_{1} ,y_{1} )[/tex] and [tex](x_{2} ,y_{2} )[/tex] are the coordinates of the two points

We have to choose two points

The two points (2,44) and (4,26)

m = [tex]\frac{26-46}{4-2}[/tex]

m = -20/2

m = -10

Hence, the slope of the line to represent the volume of water in a pool over time would described as -10

Learn more about slope of the line here

brainly.com/question/14511992

#SPJ1

The total bill for dinner was $43.75 (including tax and a tip). paid a 22.9% tip, what was his bill before adding the tip?

Answers

Answer:

$33.75

Step-by-step explanation:

22.9% of $43.75 = $10.0

43.75 - 10.0 = $33.75

Hope that helps

Answer:

$35.60

Step-by-step explanation:

I cross multiplied related numbers:

[tex]\frac{43.75}{x}[/tex]=[tex]\frac{122.9}{100}[/tex] cross multiply

4375=122.9x, divide both sides by 122.9

35.598=x round to hundredths

35.60

The amount of water a bag of salt can treat is known in cubic feet.

Answers

Given:

There is a rectangular prism shape water tank given with 23yd 15yd anf 4yd measurements

Required:

A) We need to find the volume of tank in cubic ft

B) 18.8 cubic ft need 1 salt bag then we need to find to total needed salt bag

C) $4.65 per bag then find total cost

Explanation:

first pf all we need to convert given measures in feet from yd

[tex]\begin{gathered} 1yd=3ft \\ 23yd=69ft \\ 15yd=45ft \\ 4yd=12ft \end{gathered}[/tex]

A)

Volume

[tex]V=lwh=69*45*15=37260ft^3[/tex]

B)

18.8 cubic ft need 1 bag

then

37260 cubic ft need x

[tex]x=\frac{37260}{18.8}=1981.9\approx1982\text{ bags}[/tex]

C)

Cost for 1 bag is $4.65

then

cost for 1982 bags is y

[tex]y=1982*4.65=9216.3[/tex]

Final answer:

A) volume of tank in cubic ft is 37260

B) 18.8 cubic ft need 1 salt bag then we need total 1982 needed salt bags

C) $4.65 per bag then total cost is $9216.3

At the U.S. Open Tennis Championship a statistician keeps track of every serve that a player hits during the tournament. The statistician reported that the mean serve speed was 100 miles per hour (mph) and the standard deviation of the serve speeds was 15 mph. Assume that the statistician also gave us the information that the distribution of serve speeds was mound-shaped and symmetric. What percentage of the player's serves were between 115 mph and 145 mph?
A) approximately 16%
B) at most 34%
C) at most 2.5%
D) at most 13.5%

Answers

The percentage of players serves were between 115 mph and 145 mph is approximately 16%.

Given :

The statistician reported that the mean serve speed was 100 miles per hour

the standard deviation of the serve speeds was 15 mph

Assume that the statistician also gave us the information that the distribution of serve speeds was mound-shaped and symmetric

To find :

What percentage of the player's serves were between 115 mph and 145 mph?

Solution :

μ =100

σ = 15

P ( 115 < x <145)

= P ( [tex]\frac{115-100}{15}[/tex] <  x-μ /6 <[tex]\frac{145-100}{15}[/tex] )

= P ( [tex]\frac{15}{15}[/tex] < z < [tex]\frac{15}{15}[/tex] )

= p ( 1<z<3)

= p( z<3)-p(z-1)

=0.9987-0.8413

=0.1574

p ( 115<xx<145)= 15.74 %

p( 115<x<145)= approximately 16%

The percentage of players serves were between 115 mph and 145 mph is approximately 16%.

To know more about the percentage visit :

https://brainly.com/question/13450942

#SPJ4

Write an equation. Let X represent the number described in the exercise. Then solve the equation & find the number. Four subtracted from the product of 5 and a number is 51.Write an equation.

Answers

We have to write an equation from the word problem,

Four subtracted from the product of 5 and a number is 51

Let's break it down:

--- product of 5 and a number can be written as,

[tex]\begin{gathered} 5\times x \\ =5x \end{gathered}[/tex]

--- four subtracted from "product of 5 and a number" can be written as,

[tex]5x-4[/tex]

^^ All this is equal to 51, so we can write,

[tex]5x-4=51[/tex]

To find the unknown number, we solve the above equation. The steps are shown below:

[tex]undefined[/tex]

Multiply and combine like terms to degerming the product of these polynomials.
(2 n-3)(5 n+6)
Enter your results in the response box.

Answers

Answer:

7n-18

Step-by-step explanation:

The working out is attached. Hope it helps!

Barnaby decided to count the number of ducks and geese flying south for the winter. Thefirst day he counted 175 ducks and 63 geese. What is the ratio of ducks to the total num-ber of birds flying overhead in simplest terms?

Answers

So, here we have that there are 175+63 = 238 birds in total.

We want to know the ratio of ducks to the total number of birds flying overhead. There are 175 ducks for a total of 238, so the ratio is:

175:238

3. Using the diagram below, answer the following questions. Remember, you must
show your work for credit.
LA = 6y+42
ZC
ZD
A. Solve for y. (2 points)
ZA=
y=
I
B. Find the measure of angles A, C and D showing all work. (2 points)
ZC=
LB = 66
ZD =

Answers

Using vertical angles, it is found that:

A. The solution for y is of y = 4.

B. The angle measures are given as follows:

<A = 66º.<C = 114º.<D = 114º.

Vertical Angles

If two angles are opposite by the same vertex in crossing segments, these angles are called vertical angles, and they are congruent, that is, they have the same measure.

In the context of this problem, the angles of 6y + 42 and of 66 are vertical, hence the value of y is calculated as follows:

6y + 42 = 66

6y = 24

y = 24/6

y = 4.

Angles A and C are supplementary, meaning that the sum of their measures is of 180º, hence:

<C + 66º = 180º

<C = 180º - 66º

<C = 114º.

Angles C and D are vertical, hence the measure of angle D is calculated as follows:

<D = 114º.

More can be learned about vertical angles at https://brainly.com/question/1673457

#SPJ1

!!PLEASE HELP!!

Stefan is baking taquitos for a school fundraiser. The recipe calls for 2 1/2 cups of beans and 3 1/4 cups of rice. What is the ratio between cups of beans and cups of rice?

Answers

The ratio between cups of beans and cups of rice is 10/13 . Option C

What is ratio?

A ratio can described as an ordered pair of numbers, like y and z, that is written mathematically in the form y / z where the denominator of the fraction is not equal to zero.

It is known to describe the number of times an element or number contains another number proportionally.

It is also seen as the comparison of two quantities, elements or numbers that has the same units and likewise, explains how much one of the elements or quantity is found in the another one.

This is done based on their sizes or magnitudes.

A proportion is a mathematical equation with two ratios set equivalent or equal to each other.

Given that;

Beans = 2 1/ 2 cups

Rice = 3 1/4 cups

Convert to mixed fractions;

Beans = 5/2

Rice = 13/4

Now, divide the cups of beans by that of rice;

= 5/ 2 ÷ 13/4

= 5/2 × 4/13

= 10/13

Hence, the ratio is 10/13

Learn more about ratio here:

https://brainly.com/question/2784798

#SPJ1

The graph depicts the growth in costs using a line segment. Use the midpoint formula to approximate the cost during the year 1987.The approximate cost during the year 1987 was $ ____.

Answers

Answer:

The approximate cost during the years 1987 was $7527

Explanation:

The midpoint formula is:

[tex]M(\frac{x_1+x_2}{2},\frac{y_1+y_2}{2})[/tex]

For two given points.

In this case, we can see in the graph the points (1983, 5021) and (1991, 10033)

Then, using the midpoint formula:

[tex]M(\frac{1983+1991}{2},\frac{5021+10033}{2})=M(1987,7527)[/tex]

Thus, the approximation for the year 1987 is $7527

<
Tobin's friend Rose claims that she can read minds. To test
Rose's abilities, Tobin draws 3 cards without replacement
from a standard deck of 52 playing cards. Tobin asks Rose
to identify each of the 3 cards she drew in order.
Assume that Rose has no special abilities and is randomly
guessing the cards.
What is the probability that Rose identifies all 3 cards in
the correct order?

Answers

The probability that rose identifies all 3 cards in the correct order is 1/132,600 by the concept of permutation.

What is permutation?

It is the separate arrangements of a given number of associates taken all at once, or some of them, or just a few of them. There are two possible meanings, AB and BA, for instance, if we have the two elements A and B.

Following the arrangement of 'r' items from a total of 'n' elements, the number of permutations is,

nPr = n! / (n – r)!

Here to obtain the probability in correct order use permutation formula

Recall that, Probability is calculated as favorable outcomes divided by all possible outcomes.

Favorable number of outcomes = 1 (as only one order is correct)

Total outcomes = 52p3 (since 3 cards to be arranged from pack of 52)

So, the probability of rose identifies all 3 cards in correct order =1/52p3

Probability = [tex]\frac{1}{52!/(52-3)!}[/tex]

Probability = 49! /52!

Probability = 49! /52*51*50*49!

Probability = 1/52*51*50

Probability = 1/132,600

Therefore, the probability that rose identifies all 3 cards in the correct order is 1/132,600.

To know more about Permutation visit:

https://brainly.com/question/11234923

#SPJ13

2(q + 4) = 10

Solve for q

Answers

Answer:

q=1

Step-by-step explanation:

2(q+4)=10

q+4=5

q=1

:]

Answer:

3

Step-by-step explanation:

2 x 3 6 4 10

this is the last one i need help with. please & thank you asap

Answers

Answer:

slope = 3/7

Step-by-step explanation:

Locations of points: (-4 , 1) and (3 , 4)

slope = rise / run

between two plotted points this means that:

slope = change in y / change in x

slope = (4 - 1) / (3 - (-4))

slope = (4 - 1) / (3 + 4)

slope = 3/7

Michael has a twelve gallon gas tank. When he filled
his tank up, he pumped nine gallons of gas. What
fraction of his tank had been empty?

Answers

Answer:

3/4

Step-by-step explanation:

9/12  Divide the top and bottom by 3

3/4

For the following, find f(2.1) and f(4).

Answers

Answer:

option A

Step-by-step explanation:

put x= 4 in condition 4<=x<8

as it satisfied condition

and put x= 2.1 in condition 2<x<4

A farmer sows 100 seeds of a new type of corn and wants to quickly determine the yield, or total number of ears of corn, for the crop when it has matured. He decides to take a simple random sample of 10 corn plants. He labels the 100 plants 00–99. Refer to the given line from a random number table. Which numbers represent the sample of 10 corn plants?

58160 09695 38399 40400 32662 46254

58, 16, 00, 96, 95, 38, 39, 94, 04, 00
58, 16, 00, 96, 95, 38, 39, 94, 04, 32
58, 16, 96, 95, 38, 39, 94, 04, 32, 66
58, 16, 09, 69, 38, 39, 40, 32, 66, 46

Answers

Answer: Here the correct option is 2) 58, 16, 00, 96, 95, 38, 39, 94, 04, 32

Step-by-step explanation:

−2 4/5×(−3 1/2)



I really need help.

Answers

Answer: 9 4/5

Explanation: First make the mixed numbers improper fractions.
-2 4/5 would be -14/7 because -2 x 5 + (-4) is -14. -3 1/2 is -7/2 because -3 x 2 + (-1).

Now times both the denominators and numerators. -14 x -7 is 98 and 5 x 2 is 10. The improper fraction is 98/10

Now make the improper fraction a mixed number which would be 9 4/5. 10 goes into 98 9 times and there is 8 left, keep the denominator 10.
8/10 isn’t simplified as you divide both by 2 which is 4/5

Don’t forget your mixed number and the answer is 9 4/5

.5t + .1 < 10t + .05

Answers

Answer: t> -4/95

Step-by-step explanation: times both sides by 10(just make the calculation easier, no need to do that)

5t+1<100t+5

-95t<4

t > -4/95

)) Sonoma bikes 5 miles to Paige's house. On a map, 5 they measure that distance as 7 cm. The same map shows that the mall is 3 cm from Paige's house. What is the actual distance between Paige's house and the mall?

Answers

Find the scale factor by dividing the real length by the map length. Since Sonoma's house is 5 miles away from Paige's house but they appear 7cm appart in the map, then the scale factor is:

[tex]undefined[/tex]

help meeeeeeeeeee pleaseeeeeeeeeeeeeeeeeee

Answers

Step-by-step explanation:

I just answered this. how often did you post this basic question ?

A map of a park has no scale. The distance between the campground and the entrance station on the map is 2 inches. The actual distance between them is 8 miles. On the map, the distance between the campground and the lake is 12 inch.



What is the actual distance in miles between the campground and the lake?

Answers

The distance between the lake and campground  is 48 miles.

Given

The distance between the campground and the entrance is 2

The actual distance between them is 8 miles

Hence the scale is 2 for 8 miles

Also, Distance on the map between campground and lake is 12 inch.

Let us say actual distance is x

There fore we can form equation as

2x = 12x18

2x = 216

x=48

Hence the actual distance between campground and lake is 48 miles.

Learn more about distance at

https://brainly.com/question/15256256?referrer=searchResults

#SPJ1

Complete sheet given

Answers

Answer:

good jb

Step-by-step explanation:

Determine the solutions of the equation [x - 30 = 11. 1. Rewrite for two solutions: (x – 3) = 11, -(x - 3) = 11 Solve for x in each equation. What are the solutions to the equation? O x= -14, -8 O x= -14,8 O X=-8, 14 O x= 8,14

Answers

First solution

(x-3)=11

x=11+3

x=14

Second solution

-(x-3)-11

multiply by -1 both sides

x-3=-11

x=-11+3

x=-8

therefore

answer is

-8,14

Please help if you can!!!

Answers

Your answer is A. The line is going up by 2 and over by 1, which means it also goes down by 2 and back by 1, making your answer -2. This is also known as rise/run.

Find the slope of the line passing through the pair of points or state that the slope is
undefined. Then indicate whether the line through the points rises, falls, is horizontal, or
is vertical.
(3,-5) and (-7,-5)
...
Select the correct choice below and, if necessary, fill in the answer box within your
choice.

Answers

Answer:

The slope is o.   The line will be vertical and the equation of the line is y = -5

Step-by-step explanation:

Find the distance between the points P (3, 5) and Q (8,7).​

Answers

Answer:

The distance between two points (x₁,y₁) and (x₂,y₂) on the coordinate plane is d=√((x₂-x₁)²+(y₂-y₁)²)

√(8 - 3)² + (7 - 5)² = √29 ≈ 5.3851648071345

Homework 4: Trigonometry:Finding Sides and Angle** This is a 2-page document! **x=7.3Directions: Solve for x. Round to the nearest tenth.

Answers

Using trigonometric ratio. SOHCAHTOA

[tex]\begin{gathered} \cos 63^{\circ}=\frac{adjacent}{\text{hypotenus}} \\ \cos 63^{\circ}=\frac{x}{16} \\ x=16\cos 63^{\circ} \\ x=16\times0.45399049974 \\ x=7.26384799583 \\ x\approx7.3 \end{gathered}[/tex]

Other Questions
HELP ASAP GIVING ALL THE POAINTS I HAVE LEFT a container in a shape of a cube uses 64 cubes with side lengths of 1inch to completely fill the container what is the edge length of the container A block of mass M is hung by ropes as shown. The system is inequilibrium. The point O represents the knot, the junction of thethree ropes. The angle theta is given to be 30o. Which of thefollowing statements is true concerning the magnitudes of the threeforces in equilibrium? 11. According to Franklin, what is the positive effect of assembling a number of men? Explain your answer usinga quote from the text some universal themes like generosity in the Gift of Magi are still being written about today. Are there some lessons or morals that all humans share? if so, think big picture if we all share the same morals, why are there still conflict in the world? The rear window of Alex's van is shaped like a trapezoid with an upper base measuring 36 inches, a lower base measuring 48 inches, and a height of 21 inches. An 18-inch rear window wiper clears a 150 sector of a circle on the rear window. as shown in the diagram below. a. What is the area, in square inches, of the entire trapezoidal rear window Show on explain low you on your answer. A string 0.50 m long is stretched under a tension of 2.0 x 102 N and its fundamental frequency is 400 Hz. If the length if the string is shortened to 0.35 m and the tension is increased to 4.0 x 102 N, what is the new fundamental frequency? help meeeeeeeeeeee pleaseeeeeeeeeeeeee!! Find the equation of the circle (2, 3) and radius 4 given that starbucks sells 1.33 percent of its total u.s. coffee bean sales in denver and the population there is 1.57 percent of the total u.s. population, calculate the bdi for starbucks coffee beans sales in denver. the sweetness of honey gradually decreases at a high temperature. also, high-fructose corn syrup (a commercial product in which much of the glucose in corn syrup is converted to fructose) is used for sweetening cold drinks but not hot drinks. what chemical property of fructose could account for both of these observations? a technician is installing a soho router at an after-school community center. the customer would like to keep children from accessing inappropriate content while browsing the web. A 220 m wire is cut into three pieces. The second piece is 2 times as long as the first. The third piece is 4 times as long as the second. How long is each piece? Vector v has an initial point at (8, 4) and a terminal point at (8, 10). What is -1/2 times vector v? Translate the following: "twice the sum of a number and 7is negative fifteen" THERE IS 5 QUESTIONS I NEED TO GET DONE IN TOTAL, BUT IT WONT LET ME PUT MANY PICS IN ONE QUESTION SO PLS GO TO MY ACC AND VIEW THE OTHER 2!!I NEED THIS BY **TODAY** what are the three commonly used strategies or approaches for implementing changes in an organization? give an advantage and/or disadvantage for each type of approach, and discuss their impacts on the organization. Determine where f(x) is increasing and/or decreasing. A rectangular safe can hold 5,184 cubic inches. Gold bars that are 3 inches by 6 inches by 2 inches fit to completely fill the safe. What is the volume of each gold bar?11 in.336 in.318 in.315 in.3 A stainless steel patio heater is a square pyramid. The length of one side of the base is 25.4 in. The slant height of the pyramid is 88.1 in. What is the height of the pyramid? the number of DVDs shipped to an online retailer was 20000 less that the previous year use an integer to describe the change in number of DVDs shipped