Naomi is going to invest $78,000 and leave it in an account for 7 years. Assuming the
interest is compounded daily, what interest rate, to the nearest hundredth of a
percent, would be required in order for Naomi to end up with $91,000?

Answers

Answer 1

In order to get the total amount $91,000 at the end of the 7 year, the interest rate is 2.2% on compound interest basis.

Compound Interest:

The general form to calculate the compound interest is written as,

A = P(1 + r/n)ⁿˣ

where

A = Accrued amount (principal + interest)

P = Principal amount

r = Annual nominal interest rate as a decimal

n = number of compounding periods per unit of time

x = time in decimal years

Given,

Naomi is going to invest $78,000 and leave it in an account for 7 years. Assuming the interest is compounded daily.

Here we need to find the  nearest hundredth of a percent, would be required in order for Naomi to end up with $91,000.

Here we have to solve for rate r as a decimal

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

r = 365 × [(91,000.00/78,000.00)1/(365)(7) - 1]

r = 0.022022202

Then convert r to R as a percentage

R = r * 100

R = 0.022022202 * 100

R = 2.202%/year

Therefore, the interest rate required to get a total amount of $91,000.00 from compound interest on a principal of $78,000.00 compounded 365 times per year over 7 years is 2.202% per year.

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Related Questions

PLEASE HELP SOLVE!!!

Answers

Answer:37 number

Step-by-step explanation:

Can you please help me

Answers

A number line which represents the given inequality (-1 ≥ x) is: number line C.

What is a number line?

In Mathematics, a number line can be defined as a type of graph with a graduated straight line which comprises both positive and negative numbers that are placed at equal intervals along its length.

This ultimately implies that, a number line primarily increases in numerical value towards the right from zero (0) and decreases in numerical value towards the left from zero (0).

Next, we would determine a solution for the given inequality (-1 ≥ x) in order to graph it on a number line:

-1 ≥ x

x ≤ -1

In conclusion, we can logically deduce that the value of x is less than or equal to -1 as shown in number line C, which is shaded because of the less than or equal inequality symbol.

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What is the equation of this graph the line?

Answers

The equation of line in slope intercept form is y=−9/8x+7.

In the given question we have to write the equation of the graph line in slope intercept form.

The give points are(0,7) and (8,−2)

Let x(1)=0, y(1)=7, x(2)=8 and y(2)=−2.

The slope intercept form of equation is

y−y(1)=m(x−x(1))+c.........(1)

Before finding the equation we find the slope of equation.

Slope(m)={y(2)−y(1)}/{x(2)−x(1)}

Now putting the value

m=(−2−7)/(8−0)

m= −9/8

Now putting the value in equation 1

y−7=−9/8(x−0)

Now the equation is

y−7=−9/8x

Add 7 on both side

y−7+7=−9/8x+7

y=−9/8x+7

Hence, the equation of line in slope intercept form is y=−9/8x+7.

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Becky and lewis´s hamster cages have the same perimeter. Lewis´s cage has a length of 0.75 times becky´s cage. what is the width, w, of Lewis´s cage? Write your answer as a mixed number in simplest form

Answers

The width of Lewis´s rectangular cage as a mixed number in simplest form is equal to 14.86 inches.

How to calculate the perimeter of a rectangle?

Mathematically, the perimeter of a rectangle can be calculated by using this formula;

P = 2(L + W)

Where:

P represents the perimeter of a rectangle.L represents the length of a rectangle.W represents the width of a rectangle.

For the perimeter of Becky's rectangular cage, we have:

Perimeter, P = 2(L + W)

Perimeter, P = 2(15 + 11)

Perimeter, P = 2(26)

Perimeter, P = 52 inches.

For the perimeter of Lewis's rectangular cage, we have:

Length, L = 0.75W

Perimeter, P = 2(L + W)

52 = 2(0.75W + W)

26 = (0.75W + W)

1.75W = 26

Width, W = 26/1.75

Width, W = 14.86 inches.

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At a sale this week, a desk is being sold for $108.80 This is a 66% discount from the original price.
What is the original price?

Answers

Answer:

[tex]\$320.29[/tex]

Step-by-step explanation:

Determine the formula:

[tex]x - (x \times 0.66) = 108.90[/tex]

Solve for x to get the original price:

[tex]x - (x \times 0.66) = 108.90\\x - 0.66x = 108.90\\x(1-0.66) = 108.90\\x = \frac{108.90}{1-0.66}\\x = \frac{108.90}{0.34}\\x \approx 320.29[/tex]

100-66= 34
Move decimal to left .34
Divide 108.80 by .34 = 320
So the original price is $320.

write 804 billion in ordinary decimal notation and in scientific notation

Answers

Answer:804,000,000,000 & 8.0e+11

Step-by-step explanation:

logic

Find the y-coordinate of the y-intercept of the polynomial function defined below.


f(x) = 2(5x² − 2)(x − 5) (4x² − 2)

Answers

Answer:

-40

Step-by-step explanation:

The y-intercept occurs when x is equal to 0. In order to find the y-coordinate, you would just plug in x with 0:

2(5x² − 2)(x − 5) (4x² − 2)

2(5[0]^2 - 2)(0 - 5)(4[0]^2 - 2)

2(-2)(-5)(-2)

-40

What is the value of N?

Answers

The value of n in the line segment is - 9 / 4.

How to find the length of a line segment?

The length of a line segment can be found as follows:

Two point of the line segment are 2n + 9 / 2 and 9 / 2. The distance of the line segment is 9 / 2.

Therefore, let's find n as follows:

9 / 2 - (2n + 9 / 2) = 9 / 2

9 / 2 - 2n - 9 / 2 = 9 / 2

9 / 2 - 9 / 2 - 2n = 9 / 2

- 2n = 9 / 2

cross multiply

-2n × 2 = 9

- 4n = 9

divide both sides by -4

n = 9 / -4

n = - 9 / 4

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Evaluate the function at the given values.
K(x) =−x+2
K(1) =
K(-2) =
K(0) =

Answers

k(1)= -(1)+2 = 1
K(2)= -(2)+ 2= 0
K (0) = -(0) +2 = 2

Identify the greatest common factor.
8y, -12x, 4xy

Answers

The greatest common factor, GCF, of 8y, -12x, and 4xy is 4

Determining the Greatest common factor (GCF) of expressions

From the question, we are to determine the greatest common factor of the given expressions.

The given expressions are 8y, -12x, and 4xy

To determine the greatest common factor, we will express each of the expressions as a product of their factors.

8y = 2 × 2 × 2 × y

-12x = 2 × 2 × 3 × -x

4xy = 2 × 2 × x × y

From above, we can observe that the greatest common factor is

2 × 2

= 4

Hence, the greatest common factor is 4

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The length of a rectangle is five times its width.
If the area of the rectangle is 245 ft^2 , find its perimeter.

Answers

Answer:

P = 84

Step-by-step explanation:

Area = length* width or A = lw

We know that the length is 5 times its width which can also mean

[tex]l = 5*w[/tex] or [tex]l=5w[/tex]

Use the formula for area and replace [tex]l[/tex] with [tex]5w[/tex] and the total area with 245

[tex]A = lw\\245=5w(w)[/tex]

Multiply:

[tex]245=5w^{2}[/tex]

Divide by 5

[tex]49=w^2[/tex]

Square root of [tex]w^2[/tex]

[tex]\sqrt{49}=\sqrt{w^2}[/tex]

Simplify

[tex]7=w[/tex]

Now that we know w = 7 we can input this into the Perimeter formula

(P = 2l +2w)

P = 2(5*7)+2(7)   // Note: Remember [tex]l[/tex] = 5*w and w = 7

P = 84

There is also a formula for this type of problem, but this explanation is for when you forget. Hope that explains things :)  

ANSWER NOW TAKING A TEST PLS
What is the equation in point slope form of the line that passes through the point (2, 6) and has a slope of 5?
Responses

y−2=5(x−6)
y minus 2 equals 5 open parenthesis x minus 6 close parenthesis

y+2=5(x+6)
y plus 2 equals 5 open parenthesis x plus 6 close parenthesis

y+6=5(x+2)
y plus 6 equals 5 open parenthesis x plus 2 close parenthesis

y−6=5(x−2)

Answers

The equation of the line in point slope form that passes through  the point (2, 6) and has a slope of 5 is y - 6 = 5(x - 2) .

How to find the equation of a line?

The equation of a line can be represented in different form such as standard form, general form, point slope form and slope intercept form.

Therefore,

y - y₁ = m(x - x₁)

where

m = slope

The line passes through (2, 6) and has a slope of 5.

Hence,

m = 5

The equation of the line in point slope form is as follows;

y - 6 = 5(x - 2)

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The size of the first application is 10.8 megabytes (MB). The download is 60%complete. How much has been downloaded? (Answer for no.1- 6.48) 2. The size of the second application is 3.45 MB less than the first application. What is the size of the second application?
.
I feel like the answer is 3.03, but I don't think it's right

Answers

The amount of the first application that has been downloaded is 6.48 megabytes

The size of the second application is 7.35 megabytes

How to find the application sizes?

The first application has a size of 10.8 megabytes and out of this 10.8 megabytes, only 60% has completely downloaded. The amount that has already downloaded is therefore:

= Size of application x Percentage downloaded

= 10. 8 x 60%

= 6.48 megabytes

The second application is sized such that it is 3.45 MB less than the first application. The size of the application is therefore:

= 10.8 - 3.45

= 7.35 megabytes

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h(1) = -17
h(n) = h(n
1) - 0.2
Find an explicit formula for h(n).
h(n)

Answers

h(n) = -17·0.2^(n-1)

Step-by-step explanation:

The explicit formula for a geometric sequence with first term a1 and common ratio r is ...

an = a1·r^(n-1)

Your sequence h has first term a1 = -17 and common ratio r = 0.2. Then the explicit formula is ...

h(n) = -17·0.2^(n-1)

What’s the fraction of the T-shirts

Answers

The fraction of the shops t-shirt are blue t-shirt that are on sale and are size medium can be explained by

"Multiplying the fraction of T-shirt that are blue by the fraction of T-shirt that are on sale. Then, multiply the result by the fraction of the blue T-shirt that are on sale that are size medium".

The correct answer option is option C.

How to multiply fractions?

A fraction is a number which consists of a numerator and a denominator.

A numerator is the upper value of a fraction while a denominator is the lower value of a fraction.

Fraction of blue T-shirt = 2/3

Fraction of blue t-shirt on sale = 3/7 × 2/3

= 2/7

Fraction of the blue T-shirts that are on sale are size medium = 1/2 × 2/7

= 2/14

= 1/7

Therefore, Multiply the fraction of T-shirt that are blue by the fraction of T-shirt that are on sale. Then, multiply the result by the fraction of the blue T-shirt that are on sale that are size medium".

= 2/3 × 3/7 × 1/2

= 1/7

Complete question:

Two-thirds of the T-shirts in a T-shirt shop are blue. Three-sevenths of those T-shirts are on sale.

One-half of the blue T-shirts that are on sale are size medium. What fraction of the shop's T-shirts are blue T-shirts that are on sale and are size medium?5 Explain

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PLEASE HELP QUICKLY

The interior angles of a triangle add to be ______ degrees.

The value of angle x = ____ degrees

The value of angle y = ____ degrees

Answers

Answer:

whole triangle 180 degrees

y = 84 degrees

x = 36 degrees

Step-by-step explanation:

y = 180 - 96

x = y - 48. Reason: Exterior angle theorem

Substitute: x = 84 - 48

Answer:

180

36

84

Step-by-step explanation:

→ Find x

180 - (96 + 48) = 36

→ Find y

180 - 96 = 84

An oil refinery is located 1 km north of the north bank of a straight river that is 3 km wide. A pipeline is to be constructed from the refinery to storage tanks located on the south bank of the river 5 km east of the refinery. The cost of laying pipe is $300,000/km over land to a point P on the north bank and $600,000/km under the river to the tanks. To minimize the cost of the pipeline, how far downriver from the refinery (in km) should the point P be located? (Round your answer to two decimal places.)

Answers

Answer:

  3.36 km

Step-by-step explanation:

You want the distance P east of a refinery so that the cost of laying pipe from the refinery 1 km north of a river and under a 3 km wide river to storage on the south bank is minimized. The cost of under-river pipe is double the cost of overland pipe.

Setup

Let p represent the distance east of the refinery where the river crossing starts. Then the distance in km from the refinery to the river crossing is ...

  d1 = √(1² +p²)

The storage facility is 5 km east of the refinery, so is (5-p) km east of the north-bank point where the river crossing starts. The length of the pipe under the 3 km-wide river is ...

  d2 = √(3² +(5-p)²) = √(p² -10p +34)

The cost is the sum of costs of laying pipe for each segment. The cost for each unit of distance is double for the under-river pipe, so the total cost can be described by ...

  c ∝ d1 + 2×d2

  c ∝ √(1² +p²) +2√(p² -10p +34)

Solution

The cost is minimize for the value of p that makes dc/dp = 0. The implicit derivative is ...

  c' = p/√(p² +1) +(2p -10)/√(p² -10p +34) = 0

Subtracting the second term and squaring gives ...

  p²/(p² +1) = (4p² -40p +100)/(p² -10p +34)

Cross-multiplying gives the 4th-degee equation ...

  p⁴ -10p³ +34p² = 4p⁴ -40p³ +104p² -40p +100

In standard form, this is ...

  3p⁴ -30p³ +70p² -40p +100 = 0

The only positive real solution in the domain (0, 5) is p ≈ 3.362.

P should be located about 3.36 km downriver from the refinery.

__

Additional comment

This problem does not ask for the cost, so we only need to know the relative cost of two routes.

The solution of the quartic equation is found using a graphing calculator in the first attachment.

The same graphing calculator can find the minimum of 'c' without bothering with differentiation and reducing the equation to a polynomial. This is shown in the second attachment. Note that graph also shows the cost in units of $300,000. That is, the cost of the pipeline will be about $3.1 million.

Graph the line by plotting any two ordered pairs that satisfy the equation.

y=43x−6

Answers

You can give (0,-6) which is in the equation as the y-intercept and since the slope is 43/1, you can just add that to the first pair to get (1, 37)


Hargray Telephone earned 155.27 interest on a $20,000 deposit in an account paying 6%.
Find the number of days that the funds were on deposit.

Answers

46 Days the number of days that the funds were on deposit on Interest rate.

What exactly does "interest rate" mean?

An interest rate informs you of how much borrowing will cost you and how much saving will pay off. Therefore, the interest rate is the amount you pay for borrowing money and is expressed as a percentage of the total loan amount if you are a borrower.

Interest earned = Principal*Interest rate*Time period

155.27 = 20,000 * 0.06 * Time period

Time period = 155.27/(20,000*0.06)

                      = 0.129339 years

                     =(0.129339 * 360)

                     = 46.56204 days

                     = 46 days(Approx)

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Consider the following y-intercept and slope:

(0,−3), m=12
Step 2 of 2 : Determine the graph of the line with the given y-intercept and slope.

Answers

The equation of the line will be y = 12x -3 and the graph of the line with the given y-intercept and slope is shown below.

First, let us understand the slope intercept form of a line:

The equation of the line is written in the slope-intercept form, which is: y = mx + b, where m represents the slope and b represents the y-intercept.

We are given:

(0, −3), m = 12.

We need to determine the graph of the line with the given y-intercept and slope.

To find the value of b;

substitute the given values in the equation of the line, we will get;

y = mx + b

-3 = 12 *0  + b

b = -3

So, the equation of the line will be:

y = 12x -3

Thus, the equation of the line will be y = 12x -3 and the graph of the line with the given y-intercept and slope is shown below.

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what are the factors of -120

Answers

Answer:

-1    x     120

-2    x     60

-3    x     40

-4    x     30

-5    x     24

-6    x     20

-8    x     15

-10    x     12

1    x     -120

2    x     -60

3    x     -40

4    x     -30

5    x     -24

6    x     -20

8    x     -15

10    x     -12

Answer:

1, 2, 3, 4, 5, 6, 8, 10, 12, 15, 20, 24, 30, 40, 60 and 120.

Step-by-step explanation:

Find the distance between the points (-5,4) and (1,0). Round to at least the nearest hundreth.

Answers

The distance between the points (-5,4) and (1,0) is  7.21 .

In the question ,

it is given that ,

the two points are (-5,4) and (1,0) ,

we  have to find the distance between them .

we know that the distance between the points (x₁ , y₁) and (x₂ , y₂) is calculated using the distance formula

distance = √(y₂ - y₁)² + (x₂ - x₁)²

Substituting the values of the points , we get

distance = √(0 - 4)² + (1 -(-5))²

= √(-4)² + (1 + 5)²

= √16 + (6)²

= √16 + 36

= √52

= 7.21111

≈ 7.21

Therefore , The distance between the points (-5,4) and (1,0) is  7.21  .

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Write down an expression in terms of x, for the area of this trapezium.
x cm
8 cm
(3x + 2) cm

Answers

The area of the given trapezium is 16x + 8

Area of trapezium:

The general formula to calculate the area (A) of a trapezium is written as,

A = ½ (a + b) h where,

where

a, b = bases of trapezium, and,

h = height

Given,

Here we have the figure of trapezium and the measures are written in it.

Now, we have to find the area of the trapezium.

According to the formula of the area of the trapezium,

We need the value of base and height.

By looking into the given figure, we have identified the value of

a = x cm

b = 3x + 2 cm

h = 8 cm.

Then the area of the trapezium is calculated as,

A = ½ (x + (3x +2)) 8

A = ½ (4x + 2) 8

A = 4 (4x + 2)

A = 16x + 8

Therefore, the area of the trapezium is 16x + 8.

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Indigo went shopping for a new pair of sneakers. Sales tax where she lives is 3.75%. The price of the pair of sneakers is $20. Find the total price including tax. Round to the nearest cent.

Answers

Step-by-step explanation:

price=$20tax rate=$3.75multiply the price with rate and you will get tax the add it to the real pricetotal price incl. tax= 20+(20*3.75/100)=20.75there is your answer...

The total price of sneakers including tax will be equal to $20.75.

What is the Percentage?

The Latin phrase "per centum," which means "by the hundred," is where the English word "percentage" comes from. Percentage segments are those with a numerator of 100. In other words, it is a connection where the whole is always deemed to be valued 100.

As per the given information in the question,

Price of sneakers = $20

Tax on sneakers = 3.75%

Then, the amount of tax will be,

(20 × 3.75)/100

= 75/100

= $0.75

Then, the total price of the sneakers will be,

$20 + $0.75

= $20.75

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Solve the problem.
The length of a rectangle is 8 inches more than its width. If 4 inches are taken from the length and
added to the width, the figure becomes a square with an area of 196 square inches. What are the
dimensions of the original figure?

Answers

Answer:

18 in. x 10 in.

Step-by-step explanation:

Squares will always have equal lengths. So, you need to figure out what will multiple by itself to get 196, and it’s 14.

Since you know in the equation that if 4 were to be taken away from the length and added to the width, it would make the 14 x 14 square, you can subtract 4 from one of the 14’s and add 4 to the other 14.

So, then you get (14-4) 10 in. x (14+4) 18 in.

The plates that Mom bought are very fragile and expensive. She paid $16.68 per plate and there are eight plates. How much money did she spend on the plates? Show work.

Answers

The money spent on the plates which are very expensive is: $133.44

Given,

The plates that mom bought are very fragile and expensive.

Each  plate costs $16.68.

Total plates bought by her mom are = 8

we are asked to determine the total cost of the plates bought = ?

let y represent the total cost of the plates.

and x represent the number of plates bought.

based on the conditions, we can formulate:

total cost pf plates = 16.38(number of plates bought)

⇒ y = 16.68x

we know that plates bought = 8

⇒ total cost is:

⇒ y = 16.68(8)

⇒ y = 133.44

Hence total cost of 8 plates is $133.44

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a rocket is 1 mile above the earth One minute and 5 miles above earth in three minutes. what is the rocket rate of change in miles per minute

Answers

Answer:

1.6repeat miles per minute

Step-by-step explanation:

I'm not totally sure, but i just divided 5/3 and that's how I got the answer

PLEASE HELP! f(2)=3x^2+2x+4 find f(-2)

Answers

The value of f(-2) in the function f(x) = 3x² + 2x + 4 is 12.

How to solve function?

A function is defined as a relation between a set of inputs having one output each. In a simpler term a function relates input and output.

In other words, a function relates each element of a set with exactly one element of another set (possibly the same set).

Therefore, let's solve the function below:

f(x) = 3x² + 2x + 4

Let's find f(-2) as follows;

To solve f(-2), we have to substitute the value of x in the function f(x) = 3x² + 2x + 4 with -2.

Therefore,

f(x) = 3x² + 2x + 4

f(-2) =  3(-2)² + 2(-2) + 4

f(-2) = 3(4)  - 4 + 4

f(-2) = 12 - 4 + 4

f(-2) = 12

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find an angle between between 0 and 2π that is coterminal with 17π/4

Answers

The positive co-terminal is 9π/4 and negative co-terminal is 25π/4 for the given angle 17π/4.

What is co-terminal of angle?

Coterminal angles are those with a common terminal side that are in standard position (angles with the initial side on the positive x-axis). Angles with the same initial side and terminal side are said to be coterminal angles. Depending on whether the given angle is in degrees or radians, finding coterminal angles is as easy as adding or subtracting 360° or 2 to each angle. Coterminal angles can be found in an infinite number of ways.

The negative co-terminal=17π/4-2π

=9π/4

The positive co-terminal=17π/4+2π

=25π/4

For the given angle 17π/4, positive co-terminal is 9π/4 and negative co-terminal is 25π/4.

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The perimeter of a field is 840 m. If
the length is 25 metres longer than the
width, calculate the length.

Answers

The length of the field is 222.5 meters. See attachment for work.
Other Questions
Standardization of a psychological test is important because the process ________. Andrea understands and is sensitive to the emotional experience of others. She can also understand and effectively regulate her own emotions. Andrea is often described as being an empathetic person, as well as someone who responds in socially and culturally appropriate ways. What type of intelligence best describes andrea?. Prove the following.Given: BA is perpendicular to BC,BD bisects mABC.Prove: mABD = 45 Which of the following sentences uses an object of preposition? Explain your answera. I want to participate in this race, but I cannot play until I practice more. They announced that next Monday is the last day to register.b. Noah deleted all the messages, so Sarah would not find out all the previous recordings which were a proof for his guilt. c. To participate in the competition, you will need to train and work harder. A new car is purchased for 20300 dollars. The value of the car depreciates at 9. 5% per year. What will the value of the car be, to the nearest cent, after 11 years?. At a carnival you win a prize if you get a heads, you must first choose a coin. There is a fair and a biased coin, while choosing each coin is equally likely, the biased coin has a 78% of landing tails. What is the probability of choosing the biased coin if you won a prize. what are the differences between the domestic system and the factory system You are working at the Htel Vieux Qubec. A newly-arrived guest gives you the following information. Write what she says with the logical noun and the correct form of mon, ma, or mes to complete each sentence.EXEMPLEMon nom de famille, c'est Smith.1. enter answer, c'est Jane.2. enter answer, c'est le 700 Unicorn Way.3. enter answer, c'est Austin et enter answer, c'est le Texas.4. Le 78701, c'est enter answer.5. Les tats-Unis, c'est enter answer.6. Le (512) 826-7660, c'est enter answer. specify which process costing method this company is using. explain how you came to that conclusion.4 1. Trevor vende dulces en paquetes de 3 y de 7Un da compro 102 dulces para vender. Como vende mspaquetes de 7, intento agrupar la mayor cantidad dedulces en paquetes de 7y algunos fueron paquetes de 3.Si empaquet todos sus dulces, Cuntos de paquetes de 3agrupo? HELP ILL GIVE YOU BRAINLEST Question 2 of 20Why might different newspapers report major events differently?A. They don't all have access to bloggers on location.B. They have different political perspectives.C. They sometimes use the Internet to gather information.D. They have a different number of readers. ) You invested your allowance of $270 which gets 15% compounded annually for 3 years.How much will you have in 3 years? What might account for the relatively light color of mice living in study area E? How could you study this further? How a Rise in the Standard of Living Helps All Americans? a consumer who dislikes a celebrity sees that celebrity endorsing a favorite product and winds up feeling slightly more positive about the celebrity. what effect just took place? dart corporation's leverage ratio increased from 2.5 in 2020 to 3.0 in 2021. without looking at the financial statements, which statement best describes what may have occurred?a. The company incurred new equity financing in 2018, but it may or may not have beenmore profitable.b. The company incurred new debt financing in 2018, making it more profitable.c. The company incurred new debt financing in 2018, but it may or may not have beenmore profitable.d. The company incurred new equity financing in 2018, making it less profitable. Why are urchin barrens positively correlated with the presence of killer whales?. what did sacco and vanzetti do? faulse just trust me it is faulse Cmo se cambia la palabra "noche"?nochecitoOnochecita