Josephine invests £3,500 in a bank account which pays annual compound interest of 4.5%. How much money will she have in the bank after: (a) 2 years, (b) 3 years?

Answers

Answer 1

Josephine have £3882.9 amount after 2 years and £3994.9 amount after 3 years.

Using the formula of compound interest we can find the amount after t years compounded annually at the r per cent rate.

The formula of compound interest is as follows,

[tex]A=p(1+\frac{r}{100} )^t[/tex]

Where P is the principal value, A is the amount, r is the rate and t is the time.

Here we have a principal value of £3,500 and a rate is 4.5%.

Now, finding the amount after 2 years by putting the values in the formula of compound interest,

[tex]A=p(1+\frac{r}{100} )^t\\\\A=3500(1+\frac{4.5}{100} )^2\\\\A=3500(1+0.045 )^2\\A=3500(1.045)^2\\A=3500\times1.092025\\A=3882.0875[/tex]

So, After 2 years Josephine will have £3882.9.

Now, finding the amount after 3 years,

[tex]A=p(1+\frac{r}{100} )^t\\\\A=3500(1+\frac{4.5}{100} )^3\\\\A=3500(1+0.045 )^3\\A=3500(1.045)^3\\A=3500\times1.141166125\\A=3994.0814375[/tex]

So, After 3 years Josephine will have £3994.9.

Therefore, After 2 years Josephine will have £3882.9 and after 3 years Josephine will have £3994.9 when 4.5% interest is compounded annually.

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Related Questions

The first section of a newspaper has 16 pages. Advertisements take up 3 and 3/8 of the pages. How many pages are not advertisements?

Answers

A total of 12 5/8 pages is not meant for advertisement

How to determine the number of pages that are not for adverts?

From the question, we have the following parameters

First section = 16 pages

Pages for advertisement = 3 and 3/8 pages

Rewrite the above parameters as

First section = 16 pages

Pages for advertisement = 3 3/8 pages

The number of pages that are not for adverts is then calculated as

Pages not for adverts = First section - Pages for advertisement

Substitute the known values in the above equation

So, we have the following equation

Pages not for adverts = 16 - 3 3/8

Evaluate the difference

Pages not for adverts = 12 5/8

Hence, the number of pages that are not for adverts is 12 5/8 pages

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The radius of a spherical ball is increasing at a rate of 2 cm/min. At exactly what rate (in cm2/min) is the surface area of the ball increasing when the radius is 6 cm?

Answers

The rate at which the surface area is changing when r = 6cm is 96[tex]cm^{2}[/tex]/min.

Surface area of Sphere

The surface area of a sphere with radius r is given by4π[tex]r^{2}[/tex]

Given;

S = surface area at time t,  and r = radius at time t

radius of a spherical ball is increasing at a rate of 2 cm/min

radius: 6cm

Area of a sphere is A = 4π[tex]r^{2}[/tex]

Step 1: Differentiate area of a spherical ball

A = 4π[tex]r^{2}[/tex]

[tex]\frac{dA}{dt}[/tex] =[tex]\frac{d}{dt}[/tex](4π[tex]r^{2}[/tex])

=4π [tex]\frac{d}{dt}[/tex]([tex]r^{2}[/tex])

=4π2r [tex]\frac{dr}{dt}[/tex]

[tex]\frac{dA}{dt}[/tex] = 8πr

since we have that dr/dt = 2 cm/min. Thus, the radius of the ball is 6cm, we have;

[tex]\frac{dA}{dt}[/tex]= 8π(6)(2) =96π

So, the rate at which the surface area is changing when r = 6cm is 96[tex]cm^{2}[/tex]/min.

Note that measuring area unit is cm2/min

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5. During the 2016 presidential election, 58.1% of eligible voters participated. In a recent poll of 1048 randomly selected
eligible voters, 586 responded that they intend to vote.

(a) Test at the 5% significance level if the percent of eligible voters that intend to participate is different from the 2016
participation rate.

(b) Explain a Type II error in the context of the data.

Answers

Using the z-distribution to test the hypothesis, it is found that:

a) The conclusion is that there is not enough evidence to conclude that the percentage has changed from 2016.

b) A Type II error would mean finding that there is not enough evidence that the percentage is significantly below 58.1% when in fact it is.

What are the hypothesis tested?

At the null hypothesis, it is tested if the proportion is the same as in 2016, that is:

[tex]H_0: p = 0.581[/tex]


At the alternative hypothesis, it is tested if the proportion is different, hence:

[tex]H_1: p \neq 0.581[/tex]

A Type II error is the non-rejection of a false null hypothesis, that is, finding that there is not enough evidence that the percentage is significantly below 58.1% when in fact it is.

What is the test statistic?

The equation calculating the test statistic is:

[tex]z = \frac{\overline{p} - p}{\sqrt{\frac{p(1-p)}{n}}}[/tex]

In which the variables are listed as follows:

[tex]\overline{p}[/tex] is the sample proportion.p is the proportion tested at the null hypothesis.n is the sample size.

For this problem, the value for these variables is given as follows:

[tex]\overline{p} = \frac{586}{1048} = 0.559, n = 1048, p = 0.581[/tex]

Hence the test statistic is:

[tex]z = \frac{\overline{p} - p}{\sqrt{\frac{p(1-p)}{n}}}[/tex]

[tex]z = \frac{0.559 - 0.581}{\sqrt{\frac{0.581(0.419)}{1048}}}[/tex]

z = -1.44.

The critical value for a two-tailed test is with a significance level of 0.05 is:

|z| = 1.96.

The absolute value of the test statistic is of |z| = 1.44 < 1.96, meaning that there is not enough evidence to conclude that the percentage has changed from 2016.

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Find the solutions of the quadratic equation −x^2 + 3x − 3 = 0

Answers

There you go :), simple solution, 100 percent right, easy peasy lemon…this needs to be 20 characters to submit it

1 10 points
The rule for dilation of a quadrilaterial is Do.0.08 (z,y) (0.08z, 0.08y). What is the Y coordinate of a new point if the new coordinate is (3-9)? Round to the nearest
hundredth if necessary.
Type your answer.....
2
10 points

Answers

Answer:

Step-by-step explanation:

The rule for dilation of a quadrilaterial is Do.0.08 (z,y) (0.08z, 0.08y). What is the Y coordinate of a new point if the new coordinate is (3-9)? Round to the nearest

hundredth if necessary

(2x²-3x+1)-(-x² + 2x − 2) - (2x - 3)² =

Answers

Answer:

6x^2-17x+12

Step-by-step explanation:

Distribute

2x^2-3x+1+x^2-2x+2(-2x+3)^2

Square (2x+3)

(-2x+3)(-2x+3)

FOIL

4x^2-6x-6x+9

Combine like terms

4x^2-12x+9

re-write equation

2x^2-3x+1+x^2-2x+2+4x^2-12x+9

Combine like terms

6x^2-17x+12

E is the midpoint of DF---------- DE=6x+1 and EF=7x−4. Find DE, EF, and DF.

25 points

Answers

Answer:

Step-by-step explanation:

x=5

A species of animal that has an initial population of 215 experiences uninhibited growth. The rate of growth is 16.63%. About how long does it take the population to grow to 1134? Round to the nearest tenth.

Answers

The exponential growth of 16.63% will take approximately 10.80 years to reach a population of 1134

Exponential Function

An exponential function is a mathematical function, which is used in many real-world situations. It is mainly used to find the exponential decay or exponential growth or to compute investments, model populations and so on.

Data;

Initial population = 215rate = 16.63%Final Population - 1134Time = ?

f(x) = P(1 + r)ˣ

x = time

Substituting the values

1134 = 215(1 + 0.1663)^ˣ

x = 10.80

It will take approximately 10.8 years to reach a growth of 1134

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Answer: The correct answer is "10.0 years"

Step-by-step explanation:

I took the test

Complete the proof by choosing the correct "Reason".

Answers

The completed table of the two column method to prove DE = FD is presented as follows;

Statement [tex]{}[/tex]                             Reason

1. CE = CD + DE[tex]{}[/tex]                    Segment addition postulate

2. FG = FD + DG              [tex]{}[/tex]     Segment addition postulate

3. CE = FG              [tex]{}[/tex]               Given

4. CD + DE = FD + DG      [tex]{}[/tex]    Substitution property of equality

5. CD = DG              [tex]{}[/tex]              Given

6. DG + DE = FD + DG    [tex]{}[/tex]      Substitution property of equality

7. DE = FD               [tex]{}[/tex]              Subtraction property of equality

What is a two column method, used to prove a statement in mathematics?

A two column method consists a number of statements alongside the reasons that are known to make the statements true.

The segment addition postulate state that a point B is located on a segment AC if and only if AB + BC = AC, therefore;

CE = CD + DEFG = FD + DG

The substitution property of equality states that if a = b, and a + c = d, then b + c = d

Which gives;

CE = CD + DEFG = FD + DGCE = FG, then, CD + DE = FD + DG

Similarly; CD = DG, then DG + DE = FD + DG

The subtraction (and addition) property of equality states that a quantity of known value can be subtracted (or added) to both sides of an equation and both sides of the equation remains equal.

Mathematically, if x = y, then x - z = y - z, therefore;

DG + DE = FD + DG

Then;

DG + DE - DG = FD + DG - DG

∴ DE = FD

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7th grade math: can you help? i only need help on 1, 2, 3, & 4

Answers

By using percentage, it can be calculated that

1) Percentage increase in area = 25 %

2) Percentage increase in area = 60 %

3) Percentage decrease in area = 25 %

4) Percentage decrease in area = 40 %

What is percentage?

Sometimes there is a number and the number has to be expressed as a fraction of 100. The fraction is called percentage.

For example 2% means [tex]\frac{2}{100}[/tex]. Here 2 is expressed as a fraction of 100

1) Original area = 12 sq. yard

   New area = 15 sq. yard

   Increase in area = 15 - 12 = 3 sq. yard

   Percentage increase = [tex]\frac{3}{12}\times 100 \\[/tex]

                                       = 25 %

1) Original area = 15 sq. yard

   New area = 24 sq. yard

   Increase in area = 24 - 15 = 9 sq. yard

   Percentage increase = [tex]\frac{9}{15}\times 100 \\[/tex]

                                       = 60 %

1) Original area = 12 sq. yard

   New area = 9 sq. yard

   Increase in area = 12 - 9 = 3 sq. yard

  Percentage decrease = [tex]\frac{3}{12}\times 100 \\[/tex]

                                       = 25 %

1) Original area = 10 sq. yard

   New area = 6 sq. yard

   Increase in area = 10 - 6 = 4 sq. yard

   Percentage increase = [tex]\frac{4}{10}\times 100 \\[/tex]

                                       = 40 %

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¿Cuál es la ordenada en el origen de la recta que pasa por el punto P(-4, 5) y cuya pendiente es 2? ​

Answers

The y-intercept of the line passes through the point (-4,5) with slope 2 is y = 13.

Given:

(-4,5) and slope m = 2

substitute in y=mx+c

5 = 2*(-4) + c

5 = -8 + c

c = 5 + 8

c = 13.

c value in y = 2x + c

y = 2x + 13

To find y-intercept put x = 0.

y = 2(0) + 13

y = 0+13

y = 13

Therefore the y-intercept of the line passes through the point (-4,5) with slope 2 is y = 13.

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Gayle Miller works 43 hours every week. Her weekly salary is $397.75. How much overtime does Gayle make each week?​

Answers

Answer:

$9.25

Step-by-step explanation:

$397.75÷43=$9.25

Weekly salary divided by hours of work = hourly pay

What is the mean ,Median and mode of these values 300,285,200,50,150,50,80,50,250,50,185,250

Answers

Answer: mode  50  Mean x¯¯¯ 158.33333333333

Median x˜ 167.5

Step-by-step explanation: hope this helps

Range 250

Minimum 50

Maximum 300

Count n 12

Sum 1900

What is the greatest common factor (GCF)?
b^5+ 2b^4+ 3b^3+b^2
A. 2b
B. b^2
C. b^3
D. 3b^4

Answers

The Greatest Common Factor is [tex]b^{2}[/tex] Option B

What is Greatest Common Factor?

The GCF (Greatest Common Factor) of two or more numbers is the greatest number among all the common factors of the given numbers

Find the common factors of each term in order to find the greatest common factor (GCF).

The Prime Factors of:

[tex]b^{5}[/tex] = [tex]b^{5}[/tex]

2[tex]b^{4}[/tex] = 2[tex]b^{4}[/tex]

[tex]3b^{3}[/tex] = [tex]3b^{3}[/tex]

[tex]b^{2}[/tex] = [tex]b^{2}[/tex]

From the common factors, the greatest common factors is [tex]b^{2}[/tex]

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A company issues 9%, 4-year bonds with a par value of $160,000 on January 1 at a price of $165,386, when the market rate of interest was 8%. The bonds pay interest semiannually. The amount of each semiannual interest payment is:

Answers

The amount of each semiannual interest payment is $7200.

Given that,
A company issues 9%, 4-year bonds with a par value of $160,000 on January 1 at a price of $165,386, when the market rate of interest was 8%. The bonds pay interest semiannually.

What is interest?

Simple interest is defined as the percentage of earnings on the lending for a period of time

Here,
Value of a single bond    =  $160,000
Issue price of bond         =  $165, 386
Rate of interest                =     9%
the market rate of interest =     8%
Interest payment             =      Semi-annually

Semi-annual interest payment      =  Value of the single bond × rate of interest/2
                                                       = $160,000 × 0.09/2
                                                       =  $7200

Thus, the amount of each semiannual interest payment is $7200.

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A biologist wants to estimate how many fish are in a lake. The biologist takes a sample of 10 fish from the lake and tags all 10 fish. The biologist then releases the fish back into the lake. The nex day, the biologist retums to the lake and takes a sample of 7 fish. Of those fish, 2 of them have tags. Using this information, estimate the number of fish in the lake.

Answers

If the nex day, the biologist retums to the lake and takes a sample of 7 fish. Of those fish, 2 of them have tags. The estimated number of fish in the lake is 35 fish.

How to find the estimated number?

Let x represent the estimated number of fish in the lake

Hence,

x /10 = 7/2

Cross multiply

2x = 10 × 7

2x = 70

Divide both side by 2x

x =70/2

x = 35 fish

Therefore 35 is the number of fish.

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A caterpillar eats 75 leaves in 5 hours. How many leaves will the caterpillar eat in 8 hours if it continues to eat at the same rate?​

Answers

75 / 5 = 15, so it eats 15 leaves each hour

15 x 8 = 120

Answer = 120

Does 4f+2(12 f−4)=3(2f−4)−f+3 have one solution, no solution, or infinitely many solutions?

Answers

Based on the calculations, this equation 4f + 2(12f − 4) = 3(2f − 4) − f + 3 has one solution, which is equal to -1/23.

What is no solution?

In Mathematics, no solution is also referred to as zero solution, and an equation is said to have no solution when the left hand side and right hand side of the equation are not the same or equal.

This ultimately implies that, an equation would have no solution or zero solution when both sides of the equal sign are not the same and the variables cancel out.

From the information provided, we have the following equation:

4f + 2(12f − 4) = 3(2f − 4) − f + 3

Opening the bracket, we have:

4f + 24f - 8 = 6f - 12 - f + 3

28f - 8 = 5f - 9

By collecting like terms, we have the following:

28f - 5f = -9 + 8

23f = -1

Dividing both sides by 23, we have:

f = -1/23

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Complete each ordered pair so that it is a solution of the given linear equation. x +2y=4

Answers

The ordered pairs that are solutions to the linear equation x + 2y = 4 are given as follows:

(-3,3.5).(18,-7).

How to complete the ordered pairs?

The linear function in this problem is defined as follows:

x + 2y = 4.

To complete the ordered pairs, we take the given coordinate and then solve for the missing coordinate .

For the first ordered pair, the given coordinate is of x = -3, hence we have to solve for y when x = -3, thus:

-3 + 2y = 4.

2y = 7.

y = 7/2

y = 3.5.

Hence the ordered pair is:

(-3, 3.5).

For the second ordered pair, the given coordinate is of y = -7, hence we have to solve for x when y = -7, thus:

x + 2y = 4.

x - 14 = 4

x = 18.

Hence the ordered pair is:

(18, -7).

Missing Information

The ordered pairs that we have to complete are given as follows:

(-3,y).(x,-7).

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A road has a speed limit sign at the beginning that is noticed by 84 % of people. 95 % of people who didn't notice the sign speed on the road. Of those who notice the sign, 75 % follow the speed limit.

How many percent of people speeding on this road noticed the sign? In other words, how many people on this road speed on purpose. Give your answer in percentage.

Answers

The percentage of people over speeding on this road on purpose is 9%

Find the percent of people speeding on this road who noticed the sign

Percentage of people who notice the speed limit at the beginning of the road = 84%Percentage of people who didn't notice the sign = 95%Percentage of people who notice the sign and follow the speed limit = 75%

Percent of people speeding on this road noticed the sign = Percentage of people who notice the speed limit at the beginning of the road - Percentage of people who notice the sign and follow the speed limit

= 84% - 75%

= 9%

In conclusion, the percentage of people who intentionally speed on purpose is 9%

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wht r = math please help...........

Answers

2.8. 2.2=r+2/-3
2.2=r -2/3
Simpfly-r=2.8

Answer:

r = -8.6

Step-by-step explanation:

ooooo IXL, one of my fav programs from my school days

Anyway

Multiply by -3 to get rid of that awful fraction

[tex]-3*2.2=\frac{r+2}{-3} *-3[/tex]

Solve that:

[tex]-6.6=r+2\\aka: r+2=-6.6[/tex]

Subtract 2 from both sides to isolate the r variable:

[tex]r=-8.6[/tex]

And.... We have our answer!

r = -8.6

A surveywas giben to people who awned a cerrain type of car what percent of the people surveyd were completely satisfief with the car?

Answers

Using the percentage concept, it is found that 60.29% of the people surveyed were completely satisfied with the car.

A percentage is the number of desired outcomes, multiplied by 100%, and divided by the number of total outcomes.

In this problem, researching in the internet, it is found that:

A total of 1260 + 650 + 180 = 2090 people were surveyed.

Of those, 1260 were completely satisfied.

Hence:

60.29% of the people surveyed were completely satisfied with the car.

Write a sentence for 2(3+5n)=an

Answers

The sentence which represents the algebraic equation is; "Twice the sum of 3 and and five times a number n is equal to the product of the number and another number, a".

Which sentence represents the algebraic expression?

It follows from the task content that the sentence which represents the equation given be determined.

First, the expression 3 + 5n can be interpreted as; the sum of 3 and 5 times a number, n.

Also, the expression "an" can be interpreted as the product of n and another number a.

Therefore, the whole equation; 2(3+5n)=an can be interpreted as;

"Twice the sum of 3 and and five times a number n is equal to the product of the number and another number, a".

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Car Survey 1500 In a survey of people who owned a certain type of​ car ,675 said they would buy that type of car again. What percent of the people surveyed were satisfied with the​ car?

Answers

The percent of the people surveyed were satisfied with the​ car will

be 45%.

What is mean by Percentage?

A number or ratio that can be expressed as a fraction of 100 or a relative value indicating hundredth part of any quantity is called percentage.

To Calculate the percent of a number , divide the number by whole number and multiply by 100.

Given that;

Total number of people in a survey of car = 1,500

And, 675 people said they would buy that type of car again.

Now,

Total number of people in a survey of car = 1,500

And, The people surveyed were satisfied with the​ car = 675

Hence, The percent of the people surveyed were satisfied with the​ car is;

= 675 / 1500  x 100

= 0.45 x 100

= 45%

Thus, The percent of the people surveyed were satisfied with the​ car will

be 45%.

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Please help I need the answer

Answers

The range of function f(x) = 4x + 5 for given input values is {-3, 1, 5, 9, 13}

The correct answer is an option (C)

In this question, we have been given a function f(x) = 4x + 5

We need to find the range of given function for input {-2, -1, 0, 1 , 2}

We know that the range of  a function is the set of all output values for given input.

for x = -2,

f(-2) = 4(-2) + 5

f(-2) = -3

for x = -1,

f(-1) = 4(-1) + 5

f(-1) = 1

for x = 0,

f(0) = 4(0) + 5

f(0) = 5

for x = 1,

f(1) = 4(1) + 5

f(1) = 9

for x = 2,

f(2) = 4(2) + 5

f(2) = 13

Therefore, the range of function f(x) = 4x + 5 for given input values is {-3, 1, 5, 9, 13}

The correct answer is an option (C)

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(−3,y) and (x,2).

y=−2x+2
Step 1 of 2 : Compute the missing x and y values so that each ordered pair will satisfy the given equation.

Complete the table below.

x y
row 1−3 Answer

row 2 Answer
2

Answers

The value of x in the second ordered pair is - 0.5 or - 1/2 and that of y in the first ordered pair is 8.

The given ordered pair is (-3,y) and (x,2)

the equation y=-2x+2

In the first step we put the value of x as -3 as given in (-3,y) in the equation y=-2x+2, we get

y=-2(-3)+2

⇒y=6+2

⇒y=8

So the value of y is 8 then the ordered pair will be (-3,8).

Again, in the second step, we put the value of y as 2 as given in (x,2) in the equation y=-2x+2, and we get

2=-2x+2

⇒2x=2-2

⇒2x=0

⇒x=0

So the value of x is 0, and the ordered pair will be (0,2).

The table:

# Value of x Value of y 1 -3 8 2 0 2

I have provided a photo of the table:

How many three-letter "words" can be made from 10 letters "FGHIJKLMNO" if repetition of letters (a) is allowed? Your answer is (b) is not allowed? Your answer is

Answers

a. The number of permutations of three letter words that can be formed with repetition is 1000 words

b. The number of permutations of three letter words that can be formed without repetiton is 720 words

What are permutations?

Permutations are the number of ways in which x objects can be arranged out of n objects.

The number of permutations is given by ⁿPₓ = n(n - 1)(n -2)...(n - x + 1)

a. How to find the number of ways in which the 10 letters can be arranged if repetition is allowed?

Since we require the number of three-letter "words" can be made from 10 letters "FGHIJKLMNO" with repetition, we note that there are 10 letters.

Since repetition is allowed, for the first slot, we have 10 letters, for the second position, we have 10 letters and for the third position, we have 10 letters.

So, the total number of permutations is n = 10 × 10 × 10

= 1000 words

So, the number of three letter words that can be formed is 1000 words

b. How to find the number of ways in which the 10 letters can be arranged if repetition is not allowed?

Since we require the number of three-letter "words" can be made from 10 letters "FGHIJKLMNO" without repetition, we note that there are 10 letters.

Since repetition is not allowed, for the first slot, we have 10 letters, for the second position, we have 9 letters and for the third position, we have 8 letters.

So, the total number of permutations is ¹⁰P₃ = 10 × 9 × 8

= 720 words

So, the number of three letter words that can be formed is 720 words

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Assessment Practice
5. A science teacher has $225 to spend on lab equipment.
He buys 4 posters with a guide to classifying rocks, for
$19 each. Student rock collections cost $9 each. How
many rock collections can he buy? Explain how you solve.
Use one or more equations and bar diagrams in your
explanation. Tell what your variables represent. 4.AR.1.1.4.AR.2.2

Answers

Answer:

Assessment Practice 5. A science teacher has $225 to spend on lab equipment. He buys 4 posters with a guide to classifying rocks, for $19 each. Student rock collections cost $9 each. How many rock collections can he buy? Explain how you solve

Let

x -----> number of rock collections that he can buy

so

the algebraic expression that represents this situation is

Solve the inequality for x

subtract 76 both sides

Divide both sides by 9

therefore

The maximum number of rock collections that he can buy is 16

Step-by-step explanation:

The equation is 9x+76=225 and the number of rock collections he can buy is 17.

What is an equation?

In mathematics, an equation is a formula that expresses the equality of two expressions, by connecting them with the equals sign =.

Given that, a science teacher has $225 to spend on lab equipment.

Let the number of rocks collected be x.

He buys 4 posters with a guide to classifying rocks, for $19 each.

That is 19×4=76

Student rock collections cost $9 each.

Now, 9×x=9x

So, the equation is 9x+76=225

Subtract 76 on both the sides of equation, we get

9x=149

Divide 9 on both the sides of equation, we get

x=16.5

x≈17

Therefore, the number of rock collections he can buy is 17.

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https://brainly.com/question/14686792.

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A motorboat maintained a constant speed of 14 miles per hour relative to the water in going 33 miles upstream and then
returning. The total time for the trip was 7.0 hours. Use this information to find the speed of the current.
What is speed of the current is miles per hour?

Answers

The speed of the current is equal to 8 miles per hour.

How to calculate the speed of the current?

Mathematically, speed of any physical object can be calculated by using this formula;

Speed = distance/time

Let the variable c represent the speed of the current in miles per hour. Therefore, the downstream and upstream speed relative to the water would be given by this mathematical expression:

Speed downstream = 14 + c.

Speed upstream = 14 - c.

Additionally, the total time would be given by:

Total time = total distance/speed

Time upstream + time downstream = 6.5 hours

33/(14 - c) + 33/(14 + c) = 7.0

Multiplying both sides of the equation by (14 - c)(14 + c), we have:

33(14 + c) + 33(14 - c) = 7.0(14 - c)(14 + c)

462 + 33c + 462 - 33c = 7.0(196 - c²)

924 = 7.0(196 - c²)

Dividing both sides of the equation by 7.0, we have:

132 = 196 - c²

Speed of the current, c² = 196 - 132

Speed of the current, c² = 64

Speed of the current, c = √64

Speed of the current, c = 8 miles per hour.

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How much must be deposited today into the following account in order to have $50,000 in 7 years for a down payment on a house? Assume no additional deposits
are made.
An account with quarterly compounding and an APR of 5.9%

Answers

[tex]~~~~~~ \textit{Compound Interest Earned Amount} \\\\ A=P\left(1+\frac{r}{n}\right)^{nt} \quad \begin{cases} A=\textit{accumulated amount}\dotfill & \$50000\\ P=\textit{original amount deposited}\\ r=rate\to 5.9\%\to \frac{5.9}{100}\dotfill &0.059\\ n= \begin{array}{llll} \textit{times it compounds per year}\\ \textit{quarterly, thus four} \end{array}\dotfill &4\\ t=years\dotfill &7 \end{cases}[/tex]

[tex]50000=P\left(1+\frac{0.059}{4}\right)^{4\cdot 7} \implies 50000=P(1.01475)^{28} \\\\\\ \cfrac{50000}{(1.01475)^{28}}=P\implies 33183.05\approx P[/tex]

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