Joseph is going to invest $890 and leave it in an account for 15 years. Assuming the interest is compounded annually, what interest rate, to the nearest tenth of a percent, would be required in order for Joseph to end up with $1,710?

Answers

Answer 1

The interest rate in tenth of percentage that would be required in order for Joseph to end up with $1.710 is 4.4%.

What is interest rate?

The interest rate is the amount a lender charges a borrower and is a percentage of the principal

To calculate the interest rate that would be required, we use the formula below.

Formula:

A = P(1+R)ⁿ.......... Equation 1

Where:

A = AmountR = Interest raten = Total number of yearsP = Principle.

From the question,

Given:

P = $890A = $1710n = 15 years

Substitute these values into equation 1 and solve for R

1710 = 890(1+R)¹⁵(1+R)¹⁵ = 1710/890(1+R) =  [tex]\sqrt[15]{1.921}[/tex]1+R = 1.044R = 1.044-1R = 0.044R = 4.4%

Hence, the interest rate is 4.4%.

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Related Questions

Determine the effective tax rate for a taxable income of $63,425. Round the final answer to the nearest hundredth.

Answers

Answer:

The effective tax rate for a taxable income of $63,425 is 15.18%.

Step-by-step explanation:

You can use indirect measurement to estimate the height of a flag pole. First measure your distance from the base of the flagpole and the distance from the ground to a point on the flag pole that you are looking at. Maintaining the same angle of sight, move back until the top of the flag pole is in your line of sight. Explain why AABC and ADBE are similar. a. b. What is the height of the flagpole? E 7.5 ft Bi AT 4.5 ft 51-22 ft- D T 4.5 ft​

Answers

The height of the flagpole is 17.7 ft after applying the concept of the similarity of triangles.

What is the similarity law for triangles?

It is defined as the law to prove that two triangles have the same shape, but it is not compulsory to have the same size. The ratio of the corresponding sides is in the same proportions and the corresponding angles are congruent.

It is given that:

You can use indirect measurement to estimate the height of a flag pole.

Given:

AC || DE

The common angle: Angle B = Angle B

Angle BAC = Angle BDE

Triangle ABC = Triangle DBE (By AA rule)

BC/BE = BA/BD

(7.5 - 4.5)/BE = 5/22

BE = 13.2

The height of the flag pole

h = BE + 4.5 = 13.2 + 4.5 = 17.7 ft

Thus, the height of the flagpole is 17.7 ft after applying the concept of the similarity of triangles.

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The graph of a linear function passes through (−8,−4) and (4, 5). What is the equation of the function? Please help.

Answers

Answer:  y=(3/4)x+2

Step-by-step explanation:

1. Find the slope (change of y/change of x)

(5-(-4))/(4-(-8)

9/12

SLOPE: 3/4

2. Find the y-intercept. Insert the points into an equation and find b.

5=(9/12)(4)+b

5=3+b

b=2

Y-INTERCEPT=2

The ratio of 19 yellow beads to 4 red

Answers

Answer:

the answer is 19: 4

Step-by-step explanation:

19:4

8. Dagne measures and finds that she can do a vertical jump that is 27.5% of her height. If Dagne can jump 13.2 inches, how tall, in inches, is she

Answers

36.3 inches the tall is she in.

Given that;

Percentage of vertical jump height = 27.5%

Dagne's height = 13.2 inches

We need to find:

Height of jump

We know that the formula for Computation:

Height of jump = Percentage of vertical jump height × Dagne's height

so,

Height of jump = 13.2 × 27.5

That equals to

Height of jump = 36.3 inches

Hence the answer is 36.3 inches the tall is she in.

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Please help this is due tomorrow
If W(-10, 4). X(-2, 71), and Y(-5, 10) classify triangle WXY by its sides. Show all work to justify your answer.​

Answers

If W(-10, 4), X(-2, 71), and Y(-5, 10), triangle WXY is an isosceles triangle.

What is an obtuse scalene triangle?

An obtuse scalene triangle is a triangle in which one of the angles is greater than 90 degrees but less than 180 degrees and the other two angles are less than 90 degrees. The measurements of all three sides and angles

Distance formula, [tex]d = \sqrt{(x_2 - x_1)^2 + (y_2-y_1)^2}[/tex]

The given points are W(-10, 4), X(-2, 71), and Y(-5, 10) .

Let's find the length of WX.

                         [tex]WX = \sqrt{(x_2 - x_1)^2 + (y_2-y_1)^2}\\\\WX = \sqrt{(-2 -(-10))^2 + (71-4)^2}\\\\WX = \sqrt{(8)^2 + (67)^2}\\\\WX = \sqrt{64 + 4489}\\\\WX = \sqrt{64 + 4489}\\\\WX=67.47[/tex]

Now find the length of XY.

                        [tex]XY = \sqrt{(x_2 - x_1)^2 + (y_2-y_1)^2}\\\\XY = \sqrt{(-5-(-2))^2 + (10-71)^2}\\\\XY = \sqrt{(-3)^2 + (-61)^2}\\\\XY = \sqrt{9 + 3721}\\\\XY=61.07[/tex]

Now find the length of WY.

                      [tex]WY = \sqrt{(x_2 - x_1)^2 + (y_2-y_1)^2}\\\\WY = \sqrt{(-5-(-10))^2 + (10-4)^2}\\\\WY = \sqrt{(5)^2 + (6)^2}\\\\WY = \sqrt{25+36}\\\\WY=7.81[/tex]

So from calculations, we can say that triangle is an obtuse scalene triangle.

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What is the answer to this question

Answers

Answer:

x = 11

Step-by-step explanation:

Let's have  one of the numbers be represented by the variable, x,  and the other number be represented with the variable, y

Since the sum of the two numbers is 55, we can write the following equation:

x + y = 55

Then since one number is 4 times as large as the other, we can write:  y = 4x

We can now substitute this expression for y into the second equation and solve by

combining like terms and using inverse operations to solve for x:

x + y = 55

x + 4x  = 55

5x = 55

5x/5 = 55/5

x = 11

One of the numbers is 11.

Since the sum of the numbers is 55, the other number will be 44.

Answer:

11 and 44

Step-by-step explanation:

→ Write 2 equations

x + y = 55

y = 4x

→ Substitute bottom equation into top

x + 4x = 55

→ Solve

x = 11

→ Find y

4 × 11 = 44

Solve the equation -4(x - 1) + 6x =34 for x

Answers

Answer:

Step-by-step explanation:

-4(x - 1) + 6x =34

-4x + 4 + 6x = 34

-4x + 6x + 4 = 34

2x + 4 = 34

2x + (4-4) = (34-4)

2x = 30

2x/2 = 30/2

x = 15

4^5-9x = 1/8^x-2

what is x equals? and the steps
.. please

Answers

You can ask where you don't understand.

Solve negative one fifth times the quantity 4 minus 14 times the quantity one fourth squared end quantity end quantity.

18 over 80
one eighth
negative one and 28 over 80
negative five eighths

Answers

The value of negative one fifth times the quantity 4 minus 14 times the quantity one fourth squared end quantity is one eighth. Option B is correct.

We are given the following expression:

Negative one fifth times the quantity 4 minus 14 times the quantity one fourth squared end quantity.

Rewrite the given expression properly as:

-1/5 * (4 - 14) * (1/4)^2

Evaluate the difference, we will get;

-1/5 * (-10) * (1/4)^2

Evaluate the exponent, we will get;

-1/5 * (-10) * 1/16

This gives us;

2 * 1/16

Further, evaluation give us;

1/8

So, the value of the given expression is 1/8 or one eighth.

Option B is correct.

Thus, the value of negative one fifth times the quantity 4 minus 14 times the quantity one fourth squared end quantity is one eighth. Option B is correct.

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The PTA is purchasing 5 gallon tubs of ice cream for
ice cream sundaes. One gallon of ice cream is 16 Cups
b) How many 1 cup servings are in a 5 gallon tub?

Answers

5 gallon tubs of ice cream will make 80 cups of ice cream servings.

According to the question,

We have the following information:

The PTA is purchasing 5 gallon tubs of ice cream cups. One gallon of ice cream is 16 Cups.

Now, we know that when we have to find cost or number of any product then we use multiplication.

Now, we have the following expression:

1 gallon of tub = 16 cups of ice cream

5 gallon of tubs = 5*16 cups of ice cream

5 gallon of tubs = 80 cups of ice cream

Hence, 5 gallon tubs of ice cream will make 80 cups of ice cream servings.

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what is the theoretical flow time? (the minimum time required to produce a garage door from start to finish.) the potential answers are: a: 50 minutes. b: 54 minutes. c: 26 minutes. d: 56 minutes. e: 58 minutes.

Answers

Theoretical flow time = 58 minutes

The complete question is

Mamossa Assaf Inc. fabricates garage doors. Roofs are punched in a roof punching press (15 minutes per roof) and then formed in a roof forming press (8 minutes per roof). Bases are punched in a base punching press (3 minutes per base) and then formed in a base forming press (10 minutes per base), and the formed base is welded in a base welding machine (12 minutes per base). The base sub-assembly and the roof then go to final assembly where they are welded together (10 minutes per https://brainly.com/question/27786618garage) on an assembly welding machine to complete the garage. Assume one operator at each station.

Roof → Roof - punch(15 min) → Roof-form(8 min) →→→→→→→→↓

                                                                                      (10)Assembly→ Door

Base → Base - punch(3 min) → Base - form(10 min) → weld(12 min)↑

Roof path = 15 + 8 = 23

Base path = 3 + 10 + 12 =25

Theoretical flow time = Roof path + base path + assembly = 23 + 25 +10 = 58 mins

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The scale of a map is 1.5 centimeters =
120 kilometers. If two cities are
4.75 centimeters apart on the map,
what is their actual distance?
A. 420 km
B. 390 km
C.
380 km
D. 360 km

Answers

If 1.5cm : 120km
1cm : 80km
4.75cm : 380km

Hence the answer is c which is 380 km

Find the value of x.

Answers

Answer:

C (41)

Step-by-step explanation:

A straight line has 180 degrees in it. all you would have to do is is add the known numbers, 16 + 123, getting 139. Then subtracting 139 from 180m. You would then get 41.

Answer:

x=41

Step-by-step explanation:

(X+16)+123=180

x+139=180

 -139. -139

x=41

Hopes this helps please mark brainliest

-6v > 48.help meeeeee

Answers

Answer: v<-8

im not sure if that what your looking for but

Answer question in picture

Answers

Answer: 0 = 70º

Step-by-step explanation: Solve sin(π/9) = cos(0) to find angles

What is the solution to the following system?

Answers

The solution to the system is x = 0, y =2, z = 5

How to find the solution to the system?

Given the following system:

x+ 2y+z=9      -------- (1)

x- y+3z = 13    -------- (2)

2z = 10            -------- (3)

From (3):

2z = 10

z = 10/2 = 5

Put z = 5 into (1) and (2):

x+ 2y+z=9

x+ 2y+5 = 9

x +2y = 9-5

x +2y = 4     -------- (4)

x- y+3z = 13

x -y + 3(5) = 13

x-y + 15 = 13

x-y = 13 -15

x-y = -2     --------   (5)

Using elimination method on (4) and (5):

Subtracting (5) from (4):

x +2y = 4

x-y =   -2

3y = 6

y = 6/3 = 2

Put y = 2 into (4):    

x +2y = 4

x + 2(2) = 4

x + 4 = 4

x = 4-4 = 0

Therefore, the solution is x = 0, y =2, z = 5. The 3rd option is the answer.

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A spherical snowball is melting. Its radius decreases at a constant rate of 3 cm per minute from an initial value of 100 cm. How fast is the volume decreasing 5 minutes later? give your answer in cubic centimeters per minute.

Answers

Decreasing rate of volume 5 minutes later is 23561.94 cm³, when its radius decreases at a constant rate of 3 cm per minute from an initial value of 100 cm.

Define differentiation.

Differentiation is the process of determining a function's derivative. Differentiating algebraic functions, trigonometric functions, and exponential functions are the three fundamental derivatives. The velocity is the rate at which a displacement changes in relation to time. A differentiation example would be this. The first derivative of displacement is velocity. The second derivative of displacement is acceleration.

Given,

The radius is decreasing at a rate of dr/dt = 3.

R = 100 cm is the beginning value of the radius.

The duration is t = 25 minutes.

Volume of snowball:

V = 4/3π(100 - 3r)³

Differentiating:

dV/dt = 4/3 × 22/7 (3)(-3)(100-3(25)²)

dV/dt = -23561.94 cm³

Decreasing rate of volume 5 minutes later is 23561.94 cm³, when its radius decreases at a constant rate of 3 cm per minute from an initial value of 100 cm.

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Solve the system of linear equations by graphing.
- 6x - y = -8
1/2Y = 4-3x

Answers

Answer:

[tex]x=\frac{-8+y}{6}[/tex]

Step-by-step explanation:

Let us evaluate this problem.

First, add Y to both sides

[tex]-6x-y+y=-8+y[/tex]

Always remember to simplify.

[tex]-6x=-8+y[/tex]

Divide both sides by -6

[tex]\frac{-6x}{6} =\frac{8}{-6} +\frac{y}{-6}[/tex]

Simplify one more time.

[tex]x=\frac{-8+y}{6}[/tex]

Your final answer is:
[tex]x=\frac{-8+y}{6}[/tex]

Noemi strings together x green beads at $0. 75 each with 3 blue beads at $0. 30 each. She makes a bracelet that averages $0. 60 per bead. Choose an equation to model the situation.

Answers

The model equation for the given situation is

$0.75x + $0.90)/(3 + x) = $0.60 where,

x ----> known number of green beads

$0.60 ---> bracelet average per bead

Averages cost is defined as the ratio of total cost of all purchsed expenses to the total numbers of purchsed expenses in counts .

We have given that,

Noemi strings x green beads and 3 blue beads.

Cost of each green beads = $0.75

Cost of each blue beads = $0.30

Total cost of purchasing is product of total number of expenses by cost of each expense. So, Total cost of green beads = $ 0.75 x

Total blue bead cost = 3 x 0.3 = $ 0.9

Total number of beads used by Noemi = x + 3

Total cost of all beads (green+blue)

= $(0.75x + 0.9

Average of bracelets is $0.60 per bead

So average formula ,

($0.75 x + $0.9)/(x+3) = $0.60

or 0.75 x + 0.9 = 0.60x+ 0.18 => 0.75x - 0.60x= 0.9

=> 0.15x = 0.9 => x = 6 i.e we get total 6 green beads if solve the model.

Hence, equation of model in this situation is

($0.75 x + $0.9)/(x+3) = $0.60

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A ladder 13m long reaches a window which is 5m above the ground , on one side of the
street. Keeping its foot at the same point,
the ladder is turned to the other side of the street
to reach a window at a height of 12m. Find the
width of the street.

Answers

The ladder is 13 m long and leans against a window 5 m high, then the ladder leaned to the other side without moving its feet to reach the 12 m high window.

How to find the width of the street?

if we imagine a leaning ladder it will look like a right triangle and it will remind us of the Pythagorean theorem. do you remember the pythagorean theorem?

The Pythagorean theorem explains the relationship or relationship between the lengths of the sides of a right triangle.

The Pythagorean theorem reads: "The square of the length of the hypotenuse (hypotenuse) in a right triangle is equal to the sum of the squares of the lengths of the other sides".

in the picture, let's say if the width of the street is a, the height of the window is b and the length of the stairs is c.

in this case we will find the width of the street, namely a, then we use formula a² = c² - b² .

then it will be

b = 12

c = 13

a² = c² - b²

a² = 13² - 12²

a² = 169 - 144

a² = 25

a = 5

So the width of the street is 5 m

5.1 contracts for two construction jobs are randomly assigned to one or more of three firms, a, b, and c. let y1 denote the number of contracts assigned to firm a and y2 the number of contracts assigned to firm b. recall that each firm can receive 0, 1, or 2 contracts. a find the joint wackerly, dennis; mendenhall, william; sheaffer, richard l.. mathematical statistics with applications (p. 232). cengage textbook. kindle edition.

Answers

The solutions are;

The joint probability of y1 and y2 is  [tex]\left[\begin{array}{ccc}0\\1\\2\end{array}\right][/tex][tex]\left[\begin{array}{ccc}1/9&2/9&1/9\\2/9&2/9&0\\1/9&0&0\end{array}\right][/tex] and F(1,0) = 1/3.

Given data;

Let y1 signify the number of contracts awarded to firm a and y2 the number of contracts assigned to firm b. Recall that each firm can receive 0, 1, or 2 contracts. Contracts for two construction tasks are randomly assigned to one or more of three firms, a, b, and c.

To find,

(a) The joint probability function for  y₁ and y₂

Let y₁ denote the number of contracts assigned to firm A,

y₂ the number of contracts assigned to firm B

      y₁

      [tex]\left[\begin{array}{ccc}0&1&2\\\\\end{array}\right][/tex]

        y₂

[tex]\left[\begin{array}{ccc}0\\1\\2\end{array}\right][/tex][tex]\left[\begin{array}{ccc}1/9&2/9&1/9\\2/9&2/9&0\\1/9&0&0\end{array}\right][/tex]

(b) Find F(1,0)

F(1,0) =  p(y₁ ≤ 1, y₂ ≤ 0)

         = p(0,0) + p(1,0)

         = 1/9 + 2/9

         = 1/3.

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Please help (Algebra 1)

Answers

The average rate of change of the function is 0.2 inches per day

How to determine the average rate of change of the function?

A rate of change describes how one quantity changes in relation to another quantity. Mathematically, it is defined as the change in one divided by the change in the other quantity.

In this case, the average rate of change of the function g(n) from n=1 to n=5 will be:

Given the function, g(n) = 10(1.02)ⁿ

average rate of change  = g(5)-g(1) / n₅-n₁

g(5) = 10(1.02)⁵ = 11.0

g(1) = 10(1.02)¹ = 10.2

                     

average rate of change  = 11.0-10.2 / 5-1

                                        = 0.8/4

                                        = 0.2 inches per day

Therefore,  the average rate of change from n=1 to n=5 is 0.2 inches per day

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Find the missing side of the triangle.

Answers

The missing side is 16 because in a 30-60-90 (angles) triangle the hypotenuse is equal to 2 multiplied by the side across from angle 30 or 8 in this problem.

8*2=16
X=16

Your brother is 13 your age. Your sister is 6 years older than your brother. Your sister is 10 years old. Write and solve an equation to find your age a.


An equation is

=10.


You are

12 years old.

Answers

The required age from the equation is 12 years old

What is an Equation?

Equations are mathematical statements with two algebraic expressions flanking the equals (=) sign on either side.

It demonstrates the equality of the relationship between the expressions printed on the left and right sides.

Coefficients, variables, operators, constants, terms, expressions, and the equal to sign are some of the components of an equation. The "=" sign and terms on both sides must always be present when writing an equation.

Given data ,

Let the age to be calculated be = a

The age of the brother be b = ( 1 / 3 ) a

Multiply by 3 on both sides , we get

a = 3b

So , Age to be calculated a = 3b

The age of sister c = 6 years elder than brother

So ,

The age of sister c = b + 6

The age of sister c = 10

From the equations , we can simplify that

c = b + 6

Substituting the value for c , we get

10 = b + 6

Subtracting 6 on both sides , we get

b = 4

Now , from the equation , we get

Age to be calculated a = 3b

                                      = 3 x 4

                                      = 12 years old

Hence , the age to be calculated a is 12 years old

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1= Prt.
You deposit $2,500 into an account
earning Simple interest. The
interest rate is 1.75%
How much money will be in the
account after 8 years?
-How much interest will be earned
5 years?
in

Answers

Part a

There will be $2850 in the account after 8 years

Part b

The amount of interest earned in 5 years is $218.75

The principal amount = $2500

The interest rate = 1.75%

The time period = 8 years

Part a

The simple interest

A = P(1  + rt)

Substitute the values in the equation

A = 2500(1 + (1.75/100)×8)

A = 2500( 1 + 0.14)

A = 2500( 1.14)

A = $2850

Part b

The time period = 5 years

Simple interest = Prt

= 2500 × (1.75/100) × 5

= 2500 × 0.0175 × 5

= $218.75

Hence,

Part a

There will be $2850 in the account after 8 years

Part b

The amount of interest earned in 5 years is $218.75

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Simplify 1 over 6x + 3 over 4 ( 1 over 2x - 4)

Answers

The after simplification of the expression 1 over 6x + 3 over 4 ( 1 over 2x - 4), we get (26 - 144)/48x.

We need to simplify 1 over 6x + 3 over 4 ( 1 over 2x - 4)

1/6x + 3/4 (1/2x - 4)

1/6x +3/4 ((1 - 8x)/2x)

1/6x + (3 - 24x)/8x

(8 + 6(3 - 24x))/(6x8) x

(8 + 18 - 144x)/48x

(26 - 144)/48x

Therefore, the after simplification of the expression 1 over 6x + 3 over 4 ( 1 over 2x - 4), we get (26 - 144)/48x.

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I need help on this !!!

Answers

We can make 75 different outfits by using the fundamentals of the counting principles.

Fundamental of counting principles: It states that if there are m ways of making one choice, n ways of making a second choice, and p ways of making the third choice then there are m x n x p ways of making the first choice, followed by the second choice, and followed by the third choice.

Given that:

The different number of tops (m) = 5

The different number of bottoms (n) = 5

The different number of shoes or boots (p) = 3

Then, according to the fundamental of counting principles, we will multiply the different numbers of tops (m) which is the first choice, different numbers of bottoms (n) which is the second choice, and different numbers of shoes or boots (p) which is the third choice.

Therefore, the different outfits we can make = m x n x p

                                                                            = 5 x 5 x 3

                                                                            = 75 different outfits

Hence, we can make 75 different outfits.

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What is the slope of the line passing through the following two points.
P1 (4,6) and P2 (5, 9)

Enter your answer in the box.

Answers

you need to plug the coordinates into the slope formula, which is m=(y2-y1)/(x2-x1).

m=(9-6)/(5-4)

m=(3)/(1)

m=3

4. 6 2/3 divided by 8

Answers

Ok so first you have to make 6 2/3 an improper fraction. So multiply 6 by 3 and add it to 2. That gives you 18 +2 which is 20. Now you have 20/3 divided by 8. Dividing is the same as multiplying by the reciprocal so 20/3 /8 is the same as 20/3 * 1/8. Now do cross simplification and you get 5/3 *1/2 which gets you 5/6
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