Joseph takes out a loan that gathers compound interest.
The table below shows the value of the loan over time.
a) What is the rate of interest per annum?
Give your answer as a percentage to 1 d.p.
b) Work out the value of the loan 10 years after it starts.
Give your answer in pounds (£) to the nearest 1p.

Start
£7500.00

After 1 year
£7965.00

After 2 years
£8458.83

Answers

Answer 1

Answer:

a) 6.2%
b) £13,687

Step-by-step explanation:

a)

To find the rate of interest, we first find the interest itself.
£7965.00 - £7500.00 = £465.00
Using this, we find the rate of interest in percentage as a fraction of the original loan.

(£7500.00 ÷ £465.0) × 100 = 6.2%

Thus, the rate of interest is 6.2%.

b)
Compound interest is found using the formula
[tex]A = P(1 + \frac{r}{100})^{t}[/tex]
Where

A = final amount

P = initial principal balance

r = interest rate

t = number of time periods elapsed

Thus, with an initial balance of £7500, an interest rate of 6.2% and a time period of 10 years, calculated per annum, we can plug the numbers into the formula, giving us

[tex]A = 7500(1 + \frac{6.2}{100})^{10}[/tex]
   [tex]=[/tex] £13,686.94
   ≈ £13,687 (to nearest £1)

Some things to note: number of time periods elapsed mean the amount of times it is compounded; if the question says compounded quarterly for 3 years, t = 12 as it is compounded 4 times a year for 3 years, giving is 12 time periods. This also applies to monthly, bi-weekly etc.


Related Questions

Warren and Dirk are baking cookies for a charity bake sale. First they bake gingersnaps, which are Warren's favorite cookie. Then they bake 120 chocolate crinkles, which are Dirk's favorite. In all, Warren and Dirk bake 204 cookies. Use an equation to find the number of gingersnaps Warren and Dirk bake. gingersnaps Ver en españ​

Answers

Answer:

g = 204 - 120

Step-by-step explanation:

T - CC = amount of gingersnaps

204 - 120 = 84

Warren and Dirk baked 84 gingersnaps

Julie made 7 out every 10 baskets she attempted during a basketball game. If she attempted to make 30 baskets, how many did she make?

Answers

Answer: 21

Step-by-step explanation:

If she makes 7 out of 10 shots she makes 70% of her shots (7/10 x 100 = 70%)

So if she makes 30 shots, 21 will go in the basket

(30)(0.70) = 21

Write down the factors of 28 Then,write down the prme factors of 28

Answers

the factors of 28 are : 1, 2, 4, 7, 14, and 28.

the prime factors of 28 are : 2, 2, and 7.

isaac owns a trucking company. for every truck that goes out, isaac must pay the driver $19 per hour of driving and also has an expense of $1.50 per mile driven for gas and maintenance. on one particular day, the driver drove an average of 30 miles per hour and isaac's total expenses for the driver, gas and truck maintenance were $512. write a system of equations that could be used to determine the number of hours the driver worked and the number of miles the truck drove. define the variables that you use to write the system.

Answers

8 hours the driver worked and 240 miles the truck drove.

Assume that the truck traveled y miles per hour. and that the driver worked x hours per day.

The equations describing the provided issue will be

19x + 1.50 y = 512

y = 30x

y = 19 x + 1.50 y = 30 x + 1.50 y

When we enter the second equation into the first one, we get,

19 x + 1.50 (30 x) = 512

19x+ 45x = 512

64x = 512

x = 8

y = 240

The vehicle traveled 240 miles, and the driver put in eight hours' worth of work.

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(Pleasee hurry) Expand the expression: 1/2 (10x + 8)

Answers

5x+4 is the simplified form of expression 1/2(13x+5x-6-8x+14)

What is Expression?

An expression is combination of variables, numbers and operators.

The given expression is

1/2(13x+5x-6-8x+14)

one by two times of thirteen x plus five times of x minus six minus eight times of x plus fourteen.

In the equation x is the variable

plus, minus and multiply are the operators

1/2(13x+5x-6-8x+14)

1/2(10x+8)

Now apply distributive property

1/2(10x)+1/2(8)

5x+4

Hence 5x+4 is the simplified form of expression 1/2(13x+5x-6-8x+14)

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Translate this phrase into an algebraic expression.

Eight less than the product of 21 of goran’s score.

Use the variable g to represent Goran’s score.

Answers

Answer:

21g-8

Step-by-step explanation:

The product of Goran's score and 21 = 21g, then subtract 8 from that.

Answer:

lo siento no se mucho de este ap

Hello a girl out pls

Answers

Answer:

D

Step-by-step explanation:

Answer is d Your welcome

What is the value of x?

Enter your answer in the box.

x = ___

Answers

Answer:

x=32 degrees

Step-by-step explanation:

Since the triangle is equilateral, each angle is = 60 degrees. This means that 2x-4=60

=) 2x=64

=) x=32

Question 12 (10 points)
If AWXY is equilateral and AWZY is isosceles, find each missing measure. Answers may be used more than once!

angle 1 =
angle 2 =
angle 3 =
angle 4 =
angle 5 =

Answers

The measure of all the angles is given below :

angle 1 = angle 2 = angle 3 = angle 4 = angle 5 = 60°

Given, ΔWXY is an equilateral triangle and ΔWZY is an isosceles triangle.

We have to find the measure of all the angles,

As, ΔWXY is an equilateral triangle

so, ∠WXY = ∠XYW = ∠YWX = 60°

Now, let ∠WZY = ∠WYZ = x and ∠ZWY = y

so, on applying angle sum property, we get

2x + y =180°

so, y = 60°

and 2x = 120°

x = 60°

Hence, angle 1 = angle 2 = angle 3 = angle 4 = angle 5 = 60°

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Finn wants to buy a sweater for $29.50 and jeans for $42.50 if the sales tax rate is 8.25% what will be the amount of cell taxes on finn’s purchase

Answers

The amount of cell taxes on finn’s purchase is $5.94.

How to calculate the value of the tax?

Since Finn wants to buy a sweater for $29.50 and jeans for $42.50, the total cost will be:

= $29.50 + $42.50

= $72

If the sales tax rate is 8.25%, the amount on tax will be:

= Tax rate × Total cost

= 8.25% × $72

= $5.94

The tax is $5.94.

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Please help giving out max points!!

Question: Graph the polygon and its image after a dilation with the given scale factor.

Answers

See attached

Given

Triangle DGF, with vertices D(- 2, 0), G(2, 0), F(2, - 2),Scale factor r = 1.5.

Solution

Triangle DGF is plotted, blue figure.

Find the coordinates of the image using the rule:

(x, y) = (1.5x, 1.5y)

D' = (1.5*(-2), 1.5*0) = (-3, 0),G' = (1.5*0, 1.5*2) = (0, 3),F' = (1.5*2, 1.5*(-2)) = (3, - 3).

The points added to same plot, red figure.

Answer:

D' = (-3, 0)

G' = (0, 3)

F' = (3, -3)

Step-by-step explanation:

Given vertices of the polygon:

D = (-2, 0)G = (0, 2)F = (2, -2)

To dilate a figure by a given scale factor, multiply the coordinates of the vertices of the figure by the scale factor:

D' = (-2 × 1.5, 0 × 1.5) = (-3, 0)G' = (0 × 1.5, 2 × 1.5) = (0, 3)F' = (2 × 1.5, -2 × 1.5) = (3, -3)

Therefore, the vertices of the image after dilation are:

D' = (-3, 0)G' = (0, 3)F' = (3, -3)

Solve :
22r^2+1144r-7656=0

Answers

r=6,-58

If solving for r

HELP MEEEEEE PLEASEEEEE

Answers

unable to see the graph

At the local dairy farm, kareem buys a 32-oz container of yogurt for $2. 56. Jonah buys a 6-oz container of yogurt for $0. 48. Are the cost, y, in dollars and the amount of yogurt, x, proportional? explain. Write an equation to represent this relationship.

Answers

Yes, the cost y in dollars and the amount of yogurt x are proportional the equation is y = 0.08x.

Given:

At the local dairy farm, kareem buys a 32-oz container of yogurt for $2. 56. Jonah buys a 6-oz container of yogurt for $0. 48.

y varies directly as x :

y = kx

k = constant of proportionality

y = 2.56 and x = 32

y = kx

k = y/x

= 2.56/32

k = 0.08

substitute k we get

y = 0.08x.

so x and y are directly proportional.

Therefore Yes, the cost y in dollars and the amount of yogurt x are proportional the equation is y = 0.08x.

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The vertex angle of an isosceles triangle is 5 degrees more than 3 times the measure of one of the
base angles. Determine the measure of each angle of the triangle.

Answers

The measure of each angle of the triangle are 35°, 35°, 110°.

What is an isosceles triangle?

An isosceles triangle has two equal sides as well as two equal angles.The Greek words iso (same) and skelos are the source of the name (leg).An equilateral triangle is one in which all of its sides are equal, whereas a scalene triangle is one in which none of its sides are equal.

Let's Base angle =x°

Vertex angle = 5° +3x°

The sum of measure of angles of triangle are supplementary.

i.e., Sum of triangle = 180°

So,

x° + x° + 5° + 3x° =180°

5x° + 5° = 180°

5x° = 175°

x° = 175° /5°

 x = 35°

Base angle = 35°

Vertex angle = 5°+ 3x°

                      = 5° + 3×35°

                      = 5° +105°

Vertex angle = 110°

Hence, the measure of each angle of the triangle are 35°, 35°, 110°.

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Find the value of the expression (2x − 12) + (xy-10) for x = 8 and y = 2.
-
O-8
O 6
O-10
02

Answers

The value of the expression, (2x − 12) + (1/2xy-10), for x = 8 and y = 2 will be 2.

According to the question,

We have the following expression:

(2x − 12) + (1/2xy-10)

Now, the values of x and y are given to be 8 and 2 respectively.

So, we will put these values of x and y in the given expression:

(2*8-12)+(1/2*8*2-10)

First, we will use multiplication:

(16-12)+(8-10)

4+(-2)

(Note that when two integers are of different signs then the integers are subtracted but the sign in the result is of the larger integer.)

4-2

2

Hence, the value of the expression, (2x − 12) + (1/2xy-10), for x = 8 and y = 2 will be 2.

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A spinner has 8 evenly spaced different colored sections. You spun the spinner 10 times and landed on yellow 2 times. How many times can you expect to land on yellow if you spin the spinner 100 times?

Answers

20 times can you expect to land on yellow if you spin the spinner 100 times.

Given:

A spinner has 8 evenly spaced different colored sections. You spun the spinner 10 times and landed on yellow 2 times.

10 times spinning = landed on yellow 2 times.

divide by 10 on both sides

1 time spinning = landed on yellow 2/10 times

1 time = 1/5 times

multiply by 100 on both sides

1 time * 100 = 1/5*100 landed on yellow

100 times spinning = 20 times landed on yellow.

Therefore 20 times can you expect to land on yellow if you spin the spinner 100 times.

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expand and simplify (x+5)(x-3)

Answers

The simplified expression is x² + 2x - 15.

We are given a mathematical expression. The expression has two terms. The first term is (x + 5) and the second  term is (x - 3). The terms are multiplied by each other to obtain the final expression. Let the resulting expression be represented by the variable "E". The expression has been solved below.

E = (x + 5)(x - 3)

We will use the distributive property.

E = x*(x - 3) + 5*(x - 3)

E = x*x - x*3 + 5*x - 5*3

E = x² - 3x + 5x - 15

E = x² + 2x - 15

Hence, the expanded and simplified form of the given expression is x² + 2x - 15.

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Find all real numbers x such that
3x - 4 > 5 or -8x - 19 > 21
Click on the correct answer.

Answers

Answer:

Option B

Step-by-step explanation:

3x - 4 > 5

3x > 9

x > 3

-8x - 19 > 21

-8x > 40

x < -5

This means that we can eliminate the first option, since it includes all real numbers. We can also eliminate the last option since it doesn't include any real numbers.

The middle option is the only graph that includes numbers from -∞ to -5, and 3 to ∞

Mr. Johnson is ordering new desks and tables for the school. He has a budget of $2000, no more. Each desk is $45 and each table $75 befine your variables and write an inequality representing what Mr. Johnson can order. pls help​

Answers

Answer: 45x + 75y < 2000

Step-by-step explanation:

x = # of desks

45 = cost/desk

y = # of tables

75 = cost/table

2000 = maximum dollar amount that can be spent

inequality:

45x + 75y < 2000

1. 6:N=2:5
2. 5:3=N:6
3. N:20=5:10
4. 1:4=2:N

Answers

These are just simple ratio problems that ask you to find the equivalent therefore:

1. N=15

2. N=10

3. N=10

4. N=8

Can someone help me

Answers

The graph of the given table of data is attached below. And the best scale for this one is x axis 1 cm = 20 units and y axis 1 cm = 1 units. The value of A is 60 and the value of B is 140.

Graph:

Graph can be used to view the table of data in a visual manner for the easy understanding of the given range of data.

Given,

Here we have the table of data that contains the details about the length and their corresponding mass in kg.

Now, we have to plot this data on the graph and then we have to find the best scale suitable for this graph.

Finally, we have to find the value of A and B in the plotted graph.

In order to plot the graph for the given table, we have to input the values on the graphing calculator,

Then we get the graph like the following.

While we lookin into the graph we have identified then the best scale suitable for this graph is

x axis

1 cm = 20 units and

y axis

1 cm = 1 units.

Now, the value of A is 60 and the value of B is 140.

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Question Write an equation of the line that passes through (4,−1) and is parallel to the line y=3x+7

Answers

Answer:

y=3x-13

Step-by-step explanation:

Since the parallel equations have equal slope.

The equation of line parallel to y=3x+7 will be y=3x+k.

(4,-1) lies in the line so it satisfies the equation amd we get the value of k as -13 and finally we substitute the value of k in the eqn and we finally get the equation as 3x-y-13=0 or you can also write it as y=3x-13

a bag contains 10 red marbles, 5 white marbles, and 6 blue marbles. you draw 5 marbles out at random, without replacement. what is the probability that exactly two marbles are red?

Answers

The probability that exactly two marbles are red, is 0.365.

In the given question we have to find the probability that exactly two marbles are red.

A bag contains 10 red marbles, 5 white marbles, and 6 blue marbles.

Total marbles is

10+5+6=21

We draw 5 marbles out at random, without replacement.

Marbles taken out =5

Total possibility of taking 5 marbles out of 21 marbles is [tex]^{21}C_{5}[/tex].

Using [tex]^{n}C_{r}=\frac{n!}{r!(n-r)!}[/tex]

So [tex]^{21}C_{5}=\frac{21!}{5!(21-5)!}[/tex]

[tex]^{21}C_{5}=\frac{21!}{5!16!}[/tex]

[tex]^{21}C_{5}=\frac{21\times20\times19\times18\times17\times16!}{5\times4\times3\times2\times1\times16!}[/tex]

Simplifying

[tex]^{21}C_{5}[/tex] =7×19×9×17

[tex]^{21}C_{5}[/tex] = 20,349

Probability of exactly two marbles are red is

Possible out comes of exactly two red marbles equal to 2 red and other color marble 3.

Total red marbles are 10. So [tex]^{10}C_{2}[/tex]

The remaining marble except red marble is 11. So [tex]^{11}C_{3}[/tex]

[tex]=^{10}C_{2}\times^{11}C_{3}[/tex]

Simplifying

[tex]=\frac{10!}{2!(10-2)!}\times\frac{11!}{3!(11-3)!}[/tex]

[tex]=\frac{10!}{2!8!}\times\frac{11!}{3!8!}[/tex]

[tex]=\frac{10\times9\times8!}{2\times1\times8!}\times\frac{11\times10\times9\times8!}{3\times2\times1\times8!}[/tex]

=5×9×11×5×3

=7,425

So the probability that exactly two marbles are red

P(R)=7,425/20,349

P(R)=0.365

Hence, the probability that exactly two marbles are red, is 0.365.

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Fill in the equation for the missing components of the line through (3, 5) and (8, 10)
"ENTER ANSWER AS A DECIMAL
y-5=__(x-3)

Answers

The equation of the line passing through the points (3, 5) and (8, 10) is y - 5 = 1(x - 3)

The first point = (3, 5)

The second point = (8, 10)

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

The slope of the line = [tex]\frac{y_2-y_1}{x_2-x_1}[/tex]

Substitute the values in the equation

The slope of the line = (10-5) / (8-3)
= 5 /5

= 1

The point slope form is

[tex]y-y_1=m(x-x_1)[/tex]

Where m is the slope of the line

Consider the point (3, 5)

Substitute the values in the equation

y-5 = 1(x-3)

Hence, the equation of the line passing through the points (3, 5) and (8, 10) is y - 5 = 1(x - 3)

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Ralph hit a softball into the air with an initial upward velocity of 48 feet per
second. The height h in feet of the ball above the ground can be modeled by
h = -16t² +48t + 3, where t is the time in seconds after Ralph hit th
softball.
What is the realistic domain for this function?

Answers

Answer:

  domain: [0, (6+√39)/4] ≈ [0, 3.06125]

Step-by-step explanation:

You want the realistic domain of a height function h = -16t² +48t + 3.

Domain

The given polynomial is defined for all values of t. Since it represents height above the ground, and after the ball is thrown, only function values in the first quadrant are of interest: h ≥ 0, t ≥ 0.

The height becomes zero at t = (6+√39)/4 ≈ 3.061 seconds after the ball is hit. Hence the realistic domain is [0, (6+√39)/4], the interval in which the ball is above ground.

__

Additional comment

We can solve this using the "completing the square" method.

  t^2 -3t = 3/16 . . . . . . divide by -16, add 3/16

  (t -3/2)^2 = 3/16 +9/4 . . . . . add 9/4 to complete the square

  t = 3/2 ± √(39/16) = (6 ± √39)/4 . . . . . . take the square root, add 3/2

Only the positive value of the solution is applicable to this problem. That value is ...

  h = 0 at t = (6 +√39)/4 ≈ 3.061249

Complete the equation describing how
and y are related.
XOL2345
911 13 15
1
y
7
17
y = [? ]x + [ ]
Enter the answer that
belongs in [?].

Answers

The equation that describing how x and y are related is y = 2x + 7

From the given table we have to choose two points

The first point = (1, 9)

The second point = (2, 11)

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

The slope of the line = [tex]\frac{y_2-y_1}{x_2-x_1}[/tex]

Substitute the values in the equation

The slope of the line = (11-9) / 2 - 1

= 2 / 1

= 2

From the table

At x = 0 the value of y = 7

Therefore the y intercept = 7

The slope intercept form is

y = mx + b

Where m is the slope of the line

b is the y intercept

Then,

y = 2x + 7

Hence, the equation that describing how x and y are related is y = 2x + 7

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9) Give the following expression in index form
a) √3

Answers

For the given expression √3, its index form is written as ( 3 )¹/² .

As given in the question,

Given expression is equal to :

√3

Standard form of writing expression in index form is given by:

√  ( square root ) will express the value in index form as 1 / 2 in the exponent.

√x = ( x ) ¹/²

Here x = 3 substitute the value of x in the standard way of index form we have:

Index form of the given expression is written as :

√3

= ( 3 )¹/²

Therefore, for the given expression √3, its index  form is written as ( 3 )¹/² .

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Find the slope (3,-20),(5,8)

Answers

To find the slope subtract the x 1 and y 1 and x 2 and y 2 that will give you -12/2

Answer: 14

Explanation:

(3, -20)    (5, 8)

x1   y1       x2   y2

[tex]\frac{y2 - y1}{x2 -x1}[/tex]

[tex]\frac{8 - -20}{5-3}[/tex]  = [tex]\frac{8+20}{5-3} = \frac{28}{2} = 14[/tex]

A painter can paint 15 square feet every 1/4 hour. How many square feet can they paint in one hour?

Answers

A painter can paint 60 square feet every 1 hour.

What is Multiplication?

To multiply means to add a number to itself a particular number of times. Multiplication can be viewed as a process of repeated addition.

Given that;

A painter can paint 15 square feet every 1/4 hour.

Now,

Since, A painter can paint 15 square feet every 1/4 hour.

Let painter can paint in every 1 hour = x square feet

So, By definition of proportional as;

⇒ 15 / (1/4) = x / 1

Solve for x as;

⇒ 15 × 4 = x

⇒ x = 60 square feet

Thus, A painter can paint 60 square feet every 1 hour.

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