A mother puts $10,000 into a special bank account on the date of birth of her first born. The account earns interest at a rate of 4%, and compounds 4 times per year. When the child turns 18, he receives the lump sum. How much will the child receive?
Answers
A(t) = P(1+(r/n))^(nt)
In this case t is 18 years, we put rate (r), number of compounds per day.
A(18) = 10,000(1+(0.04/4))^(4*18)= 10,000(1.01)^72= $20,470.99
Child will receive $20,470.99 on it's 18 birthday.
Related Questions
Solve the inequality |6x + 2| < 10 and graph its solution.
Match the function with its value f(x)= x2-3x+3 g(x)= 2x2-1 f(z^2)= .....
A software designer is mapping the streets for a new racing game. All of the streets are depicted as either perpendicular or parallel lines. The equation of the lane passing through A and B is -7x + 3y = -21.5. What is the equation of the central street PQ?See attachment below for picture/answer choices
What are the next three numbers in this pattern? 11, 22, 12, 23, . . .
Answers
Answer:
54 miles/hour
If he made two stops of 10 minutes each and maintains the same speed, it would take him more than 4 hours to reach the town as the time speed would have been extended by 20 minutes.
Step-by-step explanation:
The rate of change of distance with time is called speed and it is measured in miles per hour. Mathematically,
Speed = Distance/time
His rate in miles per hour is his speed
= 216/4
= 54 miles per hour
Answer:
Rate in miles per hour: 54 miles per hour
Step-by-step explanation:
√169
Answers
Answer:
The simplified form of the given expression is 13.
Step-by-step explanation:
The given expression is
It can be written as
Therefore the simplified form of the given expression is 13.
Answers
The equation represents the minimum x = 5 or 0.05% and maximum percent x = 11 or 0.11% of people in a survey who are undecided about an issue.
Given that,
Equation |x − 8| = 3 ,
The minimum and maximum percent of people in a survey who are undecided about an issue.
We have to find,
What percent of the people in the survey are undecided about an issue.
According to the question,
Equation, |x − 8| = 3
The equation with mod solving two time with positive and negative sign.
On solving the equation,
Adding 8 both the sides,
And Again solving with (-) sign,
Subtract 8 from both sides,
Divided by (-) both the sides,
x = 5
The minimum 0.05%.
Hence, The equation represents the minimum x = 5 or 0.05% and maximum percent x = 11 or 0.11% of people in a survey who are undecided about an issue.
For more information about ModulusFunction click the click given below.
x - 8 = 3 - (x - 8) = 3
x = 3 + 8 -x + 8 = 3
x = 11 -x = 3 - 8
-x = - 5
x = 5
Minimum : 5% Maximum : 11% if u need them added it is 16%
Answers
B. 0.2352 m
C. 0.1764 m
D. 0.26724 m
Answers
1.2, 0.84, 0.588, 0.4116
If this is a geometric sequence, then they should have a common ratio. We determine as follows:
0.4116 / 0.588 = 0.7
0.588 / 0.84 = 0.7
0.84 / 1.2 = 0.7
r = 0.7
an = a1(r^(n-1))
an = 1.2 (0.7^(5-1))
an = 0.28812 <--------option A
The photograph below shows a bouncing ball in front of an illuminated grid. The heights of the ball's bounces make a geometric sequence. What will the height of the next bounce be?
A. 0.28812 m
Answers
The total number of bags of mixed nuts with Carmela are 5.
What is Equation Modelling?
Equation modelling is the process of writing a mathematical verbal expression in the form of a mathematical expression for correct analysis, observations and results of the given problem.
Given is Carmela who mixes 3/4 kilogram of walnuts, 1/2 kilogram of almonds, and 1/4 kilogram of pecans together. She divides the mixed nuts into 3/10 kilogram bags.
We can write the equation as -
(3/4 + 1/2 + 1/4) x 1000 = (3/10) x 1000 x n
1.5 x 1000 = 3 x 100 x n
1.5 x 10 = 3n
15 = 3n
n = 5
Therefore, the total number of bags of mixed nuts with Carmela are 5.
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Answer:
5
Step-by-step explanation: