Katherine invested $86,000 in an account paying an interest rate of 52%
compounded daily. Michael invested $86,000 in an account paying an interest rate of
5% compounded continuously. After 13 years, how much more money would
Katherine have in her account than Michael, to the nearest dollar?

Answers

Answer 1

Answer: $4,331‬

Step-by-step explanation:

I will assume that the question meant 5.2% not 52% as this is quite excessive.

Katherine after 13 years.

Convert the variables;

n = 13 years = 13 * 365 = ‭4,745‬ days

r = 5.2% = 5.2/365 = 5.2/365%

Future value = P * ( 1 + r)^n

= 86,000 * (1 + 5.2/365%)⁴⁷⁴⁵

= $169,068

Michael after 13 years;

If compounded continuously, the formula is;

Future value = Pe^rt

= 86,000 * e⁰.⁰⁵ ˣ ¹³

= $164,737

Difference = 169,068 - 164,737

= $4,331‬


Related Questions

Complete the proof. help me answer this please!!

Answers

Answer:

2. Definition of supplementary angles

3. [tex]\angle 1 + \angle 2 = \angle 1 + \angle 3[/tex]

4. [tex]\angle 2 = \angle 3[/tex]

5. Definition of congruent angles

Step-by-step explanation:

Required

Fill in the gaps

1. Given

Supplementary angles: [tex]\angle 1[/tex] and [tex]\angle 2[/tex]

Supplementary angles: [tex]\angle 1[/tex] and [tex]\angle 3[/tex]

2. Supplementary angles add up to 180.

So:

[tex]\angle 1 + \angle 2 = 180[/tex]

[tex]\angle 1 + \angle 3 = 180[/tex]

3. Apply transitive property on (2)

[tex]\angle 1 + \angle 2 = 180[/tex] and [tex]\angle 1 + \angle 3 = 180[/tex], then

[tex]\angle 1 + \angle 2 = \angle 1 + \angle 3[/tex]

4. Subtract [tex]\angle 1[/tex] from both sides

[tex]\angle 1 - \angle 1 + \angle 2 = \angle 1 + \angle 3 - \angle 1[/tex]

[tex]\angle 1 - \angle 1 + \angle 2 = \angle 1 - \angle 1+ \angle 3[/tex]

[tex]\angle 2 = \angle 3[/tex]

This property is called the subtraction property

5. If [tex]\angle 2 = \angle 3[/tex],

Then [tex]\angle 2[/tex] and [tex]\angle 3[/tex] are congruent

Please help me!! 15 pts and Brainliest!

Question and graph is in image, thanks and please answer correctly!

Answers

Answer:

the measure of angle sbt is 95 degrees

Step-by-step explanation:

50+35=85

180-85+95

Guys please little fast! GCF of 39 and 65

Answers

13 my guy I gotcha.

I’ll give brainlest if you answer this correctly!

Answers

The answer is the last one y=2.60z+180

I had $3
My ma gave me$10
My uncle n auntie gave me $20
My grandpa gave me $100
I still had $6 more

How much did i have before this??

Answers

Answer:

133 bucks can i get brainliest

Step-by-step explanation:

A 3 ounce box of pudding mix cost $0.52, and a 6 ounce box of pudding cost $0.90. What is the difference in cost per ounce between the larger and the smaller boxes?

Answers

Answer:

.17 per once for the smaller box and .15 for the bigger box

Step-by-step explanation:

HELPPP ACELLUS ALGEBRA 2
Divide.
3x^3 + 2x^2 – 3x + 54
/x + 3

Answers

Answer:

The answer is 5

Step-by-step explanation:

I hope this is helpful

what is the distance between points C and D
C(2,1)
D(4,1)​

Answers

Step-by-step explanation:

let c=x1, y1 and d=x2,y2

Then distance=√(4-2)²+(1-1)²

= √4+0

=2

ans is 2 units

1+1

Brainliest is in the deal first one to answer

Answers

Step-by-step explanation:

2 !!!

hope it helps

have a great day:))

Answer:

2 :D

Step-by-step explanation:

......thank you....

At a park, the cost to rent a bike has an initial fee of $15.00 plus $7.50 per hour. Which equation models the relationship between total cost, y, and the number of hours, x, that the bike is rented?

Answers

Answer:

y = 15 + 7.50x

Step-by-step explanation:

It is given that, At a park, the cost to rent a bike has an initial fee of $15.00 plus $7.50 per hour.

Let the number of hours is x and the total cost is y.

When the bike is rented for x hours, its cost will be 7.50x.

Total cost (y) in terms of number of hours is given by :

y = 15 + 7.50x

Hence, this is the required equation.

it’s late! Help asap!

Answers

Answer:

Both are correct

Step-by-step explanation:

All the angles are equal, therefore causing the triangles to be similar.

Both are correct compare them to geothermal

how do you solve 4devided by
12

Answers

Answer:

0.33333333

Step-by-step explanation:

4 divided by 12 would be written like this: 4/12

it's always good to simplify if possible, so it should look like this: 1/3

3 which is the denominator would be divided by 10, so 3/10 = 0.33333333

0.33333333 is the answer because the numerator is how many times you multiply it, and 1*0.33333333 = 0.33333333

ill help just cal me MAMAS

Answers

Answer:

Bet

Step-by-step explanation:

I NEED HELP WITH THIS ( IM IN LIVE ADN I NEED IT DONE TODAY)
all you need to do is explain it.

Answers

5


Explanation: To find the rate of change we need to plug the numbers into the formula of x1-x2/y1-y2


So we need to get the biggest and smallest numbers for each row so the equation would look like this


500-300/40-0 so the answer would be 5 have a nice day (:

Write the product 3i(5 - 3i) in the form a + bi.

Answers

An imaginary number is denoted by i.

The value of i is √-1.

Imaginary number.

i= √-1

i² = -1

i³ = -i = -√-1

The product of 3i (5 - 3i) in the form of a + bi is

9 + 15i.

What is an imaginary number?

An imaginary number is denoted by i.

The value of i is √-1.

We have,

Imaginary number.

i= √-1

i² = -1

i³ = -i = -√-1

Now,

3i (5 - 3i)

Removing the parenthesis.

= (3i x 5) - (3i x 3i)

= 15i - 9(-1)

= 15i + 9

= 9 + 15i

This is in the form of a + bi

Thus,

The product of 3i (5 - 3i) in the form of a + bi is

9 + 15i.

Learn more about imaginary numbers here:

https://brainly.com/question/6748860

#SPJ2

Joy added 26 new contacts to her phone list. She now has a total of 100 contacts. Let c represent how many contacts joy had on her phone before she updated it

Answers

Answer:

c=74

Step-by-step explanation:

Let c represent how many contacts Joy had on her phone before she updated it.

Because Joy added 26 new contacts, we can say that c+26 is equal to her new total of 100 contacts.

c+26=100

Therefore, the equation that represents this situation is c+26=100

Now, we can use our equation to solve for c.

c+26=100

Subtract both sides by 26 to isolate c

c+26-26=100-26

c=74

Therefore, Joy had 74 contacts on her phone before she updated it.

I hope this helps!

Find the measure of each acute angle.

(3x + 2)∘ = and x∘ =

Answers

Answer:

The measure of one of the acute angles is 22 degrees, and the measure of the other acute angle is 68 degrees.

Step-by-step explanation:

The angles of a triangle add up to 180 degrees; we know this by the Sum of Angles of a Triangle Theorem.

Then one angle is marked as a right angle meaning it has a measure of 90 degrees.

Using this information and the labels on the diagram we can set up an equation:

x+3x+2+90=180

Now we can solve for x.

4x+92=180

4x=88

x=22 degrees

The measure of one of the acute angles is 22 degrees.

Now to solve for the measure of the other acute angle.

Subsitute the value of x first.

x=22

(3x+2)=?

3*22+2=68 degrees

The measure of the other acute angle is 68 degrees.

In the right-angled triangle given, the measure of each of the acute angles in the given diagram are:

[tex]\mathbf{22^{\circ}}\\\\\mathbf{68^{\circ}}[/tex]

The triangle given is a right triangle having an angle tat is 90 degrees and two other acute angles given as: x and (3x + 2)

Thus:

[tex]x + (3x + 2) + 90 = 180^{\circ}[/tex] (sum of triangle)

Solve for the value of x

[tex]x + 3x + 2 + 90 = 180[/tex]

Add like terms

[tex]4x + 92 = 180\\\\[/tex]

Subtract 92 from each side

[tex]4x = 180 - 92\\\\4x =88[/tex]

Divide both sides by 4

x = 22

Measure of one of the acute angles is 22 degrees.

To find the second acute angle measure, substitute the value of x

3x + 2 = 3(22) + 2 = 68 degrees

Therefore, in the right-angled triangle given, the measure of each of the acute angles in the given diagram are:

[tex]\mathbf{22^{\circ}}\\\\\mathbf{68^{\circ}}[/tex]

Learn more here:

https://brainly.com/question/347922

y = 2/3x - 3 as a function

Answers

Answer:

∫(x) = [tex]\frac{2}{3}[/tex]x - 3

Answer:

f(x)=2/3x-3

Step-by-step explanation:

f(x) is the same as y, so the function would be f(x)=2/3x-3.

Hope this helps! :)

through: (1,-1), Parallel to y = 1/4× - 4​

Answers

Answer:

I believe it is y=1/4x.

Math item stem image
does this figure have symmetry

Answers

Answer: yes

Step-by-step explanation:

Please give working step and the answer

Answers

Answer:

Probability = [tex]\frac{22}{31}[/tex]

Step-by-step explanation:

Number of students working part time, living in dorm = 22

Total number of students working part (either living in dorm or not in dorm)

= 22 + 9

= 31

Probability of the students working part time and living in dorm,

P = [tex]\frac{\text{Favorable event}}{\text{Total outcomes}}[/tex] = [tex]\frac{\text{Students working part time either living in dorm}}{\text{Total number of students working part time either living in dorm or not}}[/tex]

P = [tex]\frac{22}{31}[/tex]

Therefore, probability of the students chosen that he/she is working part time given that he/she lives in dorm is [tex]\frac{22}{31}[/tex].

Please help me answer this for a test im having trouble

Answers

Answer:

x + 1

y = 9

Step-by-step explanation:

In order to solve this question we need to represent "y "in terms of "x" in the first equation, and the plug in the "y" value in the first equation into the second one. Luckily for us in the first equation it already shows what "y" is equal to in terms of "x" (based on the first equation y = -x + 10). Now we just need to plug in the value that we got instead of "y" in the second equation, and so we get....

y = 7x + 2

(plug in the y value and get the following ….)

-x + 10 = 7x + 2

(now just solve the following equation)

-x + 10 + x = 7x + 2 + x

10 = 8x + 2

10 - 2 = 8x + 2 - 2

8 = 8x

8/8 = 8x/8

1 = x

Now that we know the value of "x", all we need to do now is substitute the value of "x" into any of the equations and we will get the value of "y". So we do the following.....

y =  7x + 2

y = 7(1) + 2

y = 7 + 2

y = 9

please help ASAP due tomorrow!!!

Answers

Answer:

1. b =1/2 (4)(3.5)

v=(14)(8)

2.b= 1/2 (9)(12)

V=(54)(13)

3.b= 1/2(7)(6.1)

v= (21.35)(9)

- 8.5а - 4.5+ За = - 24.5​

Answers

Answer:

a=3.63

Step-by-step explanation:

Isolate the variable by dividing each side by factors that contain the variable.

3.63
hope this helps:)

Assume you know that a hot-air balloon is currently inflated with a certain amount of air and that the amount is a percent of the total amount required to inflate the balloon. Explain how you would determine the total amount of air required to inflate the balloon.

Answers

Answer:

Percent air is calculated as:

Percent air = Current amount/Total amount *100

Solve for total amount of air:

Total amount  = Current amount / Percent air * 100

Substitute the values in hand to get the answer

State all integer values of x in the interval [1, 8] that satisfy the following inequality:
4x- 5> 4

Answers

Step-by-step explanation:

4x - 5 > 4

4x > 9

x > 2.25

Hence the integer values of x that satisfy are 3, 4, 5, 6, 7 and 8.

Evaluate the expression c^2 + a if a = 1/2 and c = 9.

Answers

Answer:

81 1/2

Step-by-step explanation:

We plug a and c in to get: 9^2+1/2

9^2=81 and 81+1/2 is 81 1/2

Plug in the values
9^2 + 1/2
81 + 1/2 = 81.5
Solution: 81.5

do you guys mind helping me with this question

Answers

Answer:

4 and 6

Step-by-step explanation:

Judging by the table and how x = 1 and y = 2, you can estimate that y is twice as much as x.

This is supported by the equation, if you take 2 and multiply it by x (1) and take 3 and multiply it by y (2), then add the 2x1 (2) and 3x2 (6), you should get 8.

NEED HELP QUICKLY! WILL OFFER BRAINIEST!!

Answers

The answer would be B because that’s what it says on the chart
Sbsnsjkakalaidmdmsmakksksnbxc

Name 2 inequalities with answers please and Thank you :)

Answers

Answer:

A compound inequality contains at least two inequalities that are separated by either "and" or "or". ... A number is a solution to the compound inequality if the number is a solution to both inequalities. It can either be written as x > -1 and x < 2 or as -1 < x < 2.

Hope this helped! :}

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