Aubrey is going to invest $160 and leave it in an account for 7 years. Assuming the interest is compounded daily, what interest rate, to the nearest tenth of a percent, would be required in order for Aubrey to end up with $220?

Answers

Answer 1

Answer:

4.5%

Step-by-step explanation:

compound interest formula:

[tex]PV(1+\frac{i}{n})^{t*n}[/tex]

[tex]220=160(1+\frac{x}{365})^{365*7}\\\\1.375=(1+\frac{x}{365})^{2555}\\1.0001246=1+\frac{x}{365}\\x=.0454962254126[/tex]

this rounds to

x=4.5%

Answer 2

Aubrey would need an interest rate of 6.3%.

What is compound interest?

It is the interest we earned on the interest.

The formula for the amount earned with compound interest after n years is given as:

A = P [tex](1 + r/n)^{nt}[/tex]

P = principal

R = rate

t = time in years

n = number of times compounded in a year.

We have,

A = P [tex](1 + r/n)^{nt}[/tex]

A = the final amount (in this case, $220)

P = the initial investment (in this case, $160)

r = the interest rate (what we are trying to find)

n = the number of times the interest is compounded per year (since it's compounded daily, n = 365)

t = the time period (in years, in this case, 7)

Substituting in the given values and solving for r:

220 = 160(1 + r/365)^(3657)

220/160 = (1 + r/365)^(3657)

1.375 = (1 + r/365)^2555

ln(1.375) = 2555 ln(1 + r/365)

ln(1 + r/365) = ln(1.375)/2555

1 + r/365 = e^(ln(1.375)/2555)

r/365 = e^(ln(1.375)/2555) - 1

r = 365(e^(ln(1.375)/2555) - 1)

r ≈ 6.3%

Therefore,

Aubrey would need an interest rate of 6.3%.

Learn more about compound interest here:

https://brainly.com/question/13155407

#SPJ3


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Step-by-step explanation:

Answer:

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Step-by-step explanation:

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Classify the hypothesis test as two-tailed, left-tailed, or right-tailed.

At one school, the average amount of time that tenth-graders spend watching television each week is hours. The principal introduces a campaign to encourage the students to watch less television. One year later, the principal wants to perform a hypothesis test to determine whether the average amount of time spent watching television per week has decreased from the previous mean of 21.6 hours.

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Answers

Answer:

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Step-by-step explanation:

In two tailed hypothesis, the alternative hypothesis is when mean can either be lesser or greater than the given value. Usually uses the symbol ≠.

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Step-by-step explanation:

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Answer:

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Step-by-step explanation:

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L=2

B=1

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trust me i learnt this concept

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1 Secchie die Rechenregeln
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fax bro just spitting fax

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Answer:

C. The Transportation Security Administration

Step-by-step explanation:

Its C

The Transportation Security Administration was founded on 19 November 2001 to improve and safeguard transportation at the United States airports.

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The Transportation Security Administration is one if the departments in the United States government whose primary function is to oversee the security of the country at airports.

The department was founded on 19 November 2001 to improve and safeguard transportation at the United States airports.

Learn more about airports: https://brainly.com/question/15195602

Find the surface area of the cone in terms of pie
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all you did multiply it

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click image to see it all..... thank you ​

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Answer:

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Step-by-step explanation:

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Step-by-step explanation:

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135 minutes

Step-by-step explanation:

Answer:

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Step-by-step explanation:

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Answers

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6

Step-by-step explanation:

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Build a prime factors table

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Factor Number

30 Number

66 Number

84 G.C.F

(min)

2 1 1 2 1

3 1 1 1 1

5 1 0 0 0

7 0 0 1 0

11 0 1 0 0

GCF = 2 • 3

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Please be correct, HELP ASAP!!!!

Answers

[tex] \displaystyle \: x_{ \text{lesser}}= - 18.16\\ x _{ \text{greater}} = - 11.84[/tex]

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square root both sides:

remember that,

[tex] \displaystyle \: a = \pm \sqrt{b} [/tex]

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[tex] \displaystyle \: x + 15 = \pm\sqrt{10} [/tex]

cancel 15 from both sides:

[tex] \displaystyle \: x = \pm\sqrt{10} - 15[/tex]

so

[tex] \displaystyle \: x_{ \text{lesser}}= - 18.16\\ x _{ \text{greater}} = - 11.84[/tex]

Help me ASAP HELP ME ASAP HELP ME ASAP

Answers

9514 1404 393

Answer:

  9%

Step-by-step explanation:

The interest earned is ...

  I = Prt . . . . . principal P at annual rate r for t years

Solving for r, we find ...

  r = I/(Pt) = $540/($3000×2) = 0.09 = 9%

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The answer is the last one bc 4 times x is 4x and 4 times 4 is 16

Solve the following polynomial equation by grouping and factoring. 4y^3 – 9y=0 Enter the exact answers. The field below accepts a list of numbers or formulas separated by semicolons (e.g. 2; 4; 6 or x + 1; x – 1). The order of the list does not matter. y = ​

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Step-by-step explanation:


Will give brainlyest

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I am trying to find the answer to this question as well, go to another website, maybe even Quizlet

Step-by-step explanation:

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Answers

Answer:

33 girls

Step-by-step explanation:

This is the answer because:

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Hope this helps! :)

Answer:

33 girls

Step-by-step explanation:

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