The total value of an investment was $305.33 after $240 was invested for 10 years compounded monthly. Find the interest interest rate.

Answers

Answer 1

Answer:

Interest rate = 2.41%

Step-by-step explanation:

The total value of an investment was $305.33 after $240 was invested for 10 years compounded monthly. Find the interest rate.

The formula to calculate the Interest rate for a Compound Interest is given as:

Solving for rate r as a decimal

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

r = 12 × [(305.33/240.00)^1/(12)(10) - 1]

r = 0.0240996

Then convert r to R as a percentage

R = r * 100

R = 0.0240996 * 100

R = 2.41%/year

Therefore, the Interest rate = 2.41%


Related Questions

The acidity in a swimming pool is considered
normal if the average of three pH readings, p, is
defined such that 7.0

readings are 7.2 and 7.6, which value for the third
reading will result in an overall rating of normal?
1) 6.2
2) 7.3
3) 8.6
4) 8.8

Answers

Answer:

6.2

Step-by-step explanation:

[tex] \frac{7.2 + 7.6 + x}{3} = 7.0 \\ \frac{14.8 + x}{3} = 7.0 \\ 14.8 + x = 21 \\ x = 21 - 14.8 \\ x = 6.2[/tex]

pls help! reporting fake answers!! :)

Answers

Answer:

for #1... 5 cups of yellow paint

Step-by-step explanation:

If 2 blue need ten yellow then 1 blue would need half what 2 needs so 5 yellow for 1 blue

the area of a rectangle is 40ft^2. the length is two less than twice the width. find the length and the width in feet for the rectangle

Answers

Answer:

length is 8ft and width is 5ft

Step-by-step explanation:

I got this answer because it said the length is 2 less than twice the width and I thought of 5 and 5×2 is 10 - 2 which is 8

helpp pleaseee
this is due tmr

Answers

Answer:

25 weeks

Step-by-step explanation:

I did the work so you can see if you need the explanation just ask and I'll comment it

Answer:

i think it is 25

Step-by-step explanation:

i 900÷36 × the answer which is 25

Jenny & Natasha are working on a problem together: Solve x/3 + 8 = −2. Natasha thinks the first step is to multiply by 3. Jenny explains that this is not the most efficient way to solve. Explain who is correct & justify your reasoning.

Answers

The individual that is correct is Natasha. This is because the answer can be gotten using Natasha's method

The given equation is  [tex]\frac{x}{3} + 8 = -2[/tex]

Solving the equation using Natasha's method

the fist step is to multiply by 2

x + 24 = - 6

The second step is to combine  and add similar terms

x = -24 - 6

x = -30

Second method of solving the equation

The equation the friends are trying to solve is [tex]\frac{x}{3} + 8 = -2[/tex]

The first step is to combine similar terms

[tex]\frac{x}{3}[/tex] = - 8 - 2

The second step is to add similar terms together

[tex]\frac{x}{3}[/tex] = - 10

The third step is to multiply both sides of the equation by 3

x = (-10 x 3)

x = -30

A similar question was answered here: https://brainly.com/question/18613652?referrer=searchResults

How do I find length of the third side of all each triangle?​

Answers

Answer:

Refer to the attachment

What is the = to 5x+ 7 =42 please give details

Answers

Answer: x = 7

Step-by-step explanation:

5x + 7 = 42

We then take 7 away from both sides:

5x = 35

Then, we need to make it so x = answer. To make 5x into x, we divide by 5 meaning that we next need to divide both sides by 5.

x = 7

For the standard normal distribution, the area between z = 0 and z = 1.70, rounded to four decimal places, is:

Answers

Using normal distribution table, the area between z=0 and z=1.70 is the difference between p(z=0) and p(z=1.70). Hence, the area between z=0 and z = 1.70 is 0.4554

Using a normal distribution table :

P(Z < 0) = 0.5

P(Z < 1.70) = 0.95543

The Area between z=0 and z= 1.70 is defined as the difference between the probabilities of (z < 1.70) and (z < 0)

P(Z < 1.70) - P(Z < 0) = 0.95543 - 0.5 = 0.45543

Therefore, the area between z = 0 and z = 1.70 rounded to four decimal places is 0.4554

Learn more :https://brainly.com/question/25273131

easy ratio questions !! - giving brainly if correct and both questions are answered :) question in the file ^​

Answers

Answer:

3 blue 9 orange

Step-by-step explanation:

The third option.

help i’m in school and failing

Answers

Answer:

have you been cheating and your answer i think is number 3

Step-by-step explanation:

The parent function of a quadratic equation is vertically
stretched by a factor of 2, then translated 5 units to the
right and 1 unit down. Write the equation of the new
function.

Answers

Answer:

2-15-21

Step-by-step explanation:

that

Can someone help me please ?

Answers

Answer:

12 and (-12)

Step-by-step explanation:

Solve for x.

x^2= 144

square root both sides and get,

x= 12

and

x= (-12)

remember to put your negative and 12 into parenthesis because you are multiplying the negative as well.

Answer:

x = 12

x = -12

Step-by-step explanation:

Step 1: Take the square root of both sides.

[tex]\sqrt{x^2} =[/tex] ± [tex]\sqrt{144}[/tex] [tex]x =[/tex] ± [tex]\sqrt{144}[/tex] [tex]x = 12[/tex] or [tex]x = -12[/tex]

Therefore, x = 12 and x = -12 are the answers.

50 EASY POINTS


Which of the following equations is equivalent to 4(a + 2) – 2(a – 8) = 24?

Answers

Answer:

[tex]4(a + 2) - 2(a - 8) = 24 \\ 4a + 8 - 2a + 16 = 24 \\ 2a + 24 = 24 \\ 2a = 24 - 24 \\ a = \frac{0}{2} \\ \\ a = 0[/tex]

I hope I helped you^_^

Which is the correct first line for dividing the function f(x)= x^3-12x+16 by (x-2) using synthetic division

Answers

Answer:

C

Step-by-step explanation:

Kimmy is at the beach and wants to rent a jet ski for the day. The cost of the rental is a base charge of $125 and an additional fee of $75 per hour that she keeps the jet ski.

Part A: Write a function that can model this situation where y is the total charge for the rental and x represents the number of hours of the rental.

Part B: Determine how much Kimmy can plan to spend if she rents the jet ski for 5 hours.

Answers

1) y=75x+125

2)y=75(5)+125

=375+125

=500$

I need help please because I don’t really understand it

Answers

You get a third of some number x if you divide x by 3.

So, one third of (1/3)⁸ is

(1/3)⁸ / 3 = (1/3)⁸ × 1/3 = 1/(3⁸⁺¹) = 1/3⁹

How Do I Prepare For A Math Test? I Seem To Find Math Tests Very Hard And Difficult, If I have A Way To Get My Mind Going, I Have To Get Some Tips.

Answers

Get enough sleep before the test

Three consecutive integers add up to 120. What is the smallest integer?

(A) 38

(B) 39

(C) 40

(D) 41

(E) 42

Answers

Answer:

39

Step-by-step explanation:

I think the answer the is 38

What’s the value?? HELPPPP

Answers

Answer:

ok well I think it is 16

Step-by-step explanation:

because the parentheses first 2 x 2 x 2=8

then we have the outside of the parentheses 2, 8x2=16

so I think the answer is 16

Let's see

[tex]\\ \rm\rightarrowtail (2^3)^2[/tex]

(a^m)^n=a^mn

So

[tex]\\ \rm\rightarrowtail 2^{3(2)}[/tex]

[tex]\\ \rm\rightarrowtail 2^6[/tex]

[tex]\\ \rm\rightarrowtail 64[/tex]

7x^2 -3x-6
7x
2
−3x−6

Answers

Answer:

7x⋅2−3x−6=11x−6

Step-by-step explanation:

which one is right and which one is wrong? what are the errors made? ​

Answers

We need a photo or something to answer. Brainliest please!

The result of a number, when decreased by 20%, is 192. Find the number.

Answers

ans;

240

hope it helps

it's the correct answer you can cross check

pls help I'm confused!​

Answers

Answer:

[tex]112\pi[/tex]

Step-by-step explanation:

hi! for this problem, all we need is the equation for the SA for a cylinder!

here's the equation: [tex]A=2\pi(r)(h)+2(\pi)r^{2}[/tex]

BUT FIRST let's identify our given numbers

the radius, or r, is 4 (r = 4) the height, or h, is 10 (h = 10)

now all we have to do is plug in what is given to the equation above! not so bad, right?

plugged in equation

[tex]A = 2\pi (4)(10) + 2\pi (4)^{2}[/tex]

- now let's simplify!

[tex]2\pi (40) + 2\pi (16)[/tex]

[tex]80\pi + 32\pi[/tex]

[tex]112\pi[/tex]

your answer should be [tex]112\pi[/tex]

comment or message me if you are still confused or have any questions :)

The graph represents function 1 and the equation represents function 2:
A graph with numbers 0 to 4 on the x-axis and y-axis at increments of 1. A horizontal straight line is drawn joining the ordered pairs 0, 3 and 4, 3.

Function 2
y = 4x + 1

How much more is the rate of change of function 2 than the rate of change of function 1?

A)1
B)2
C)3
D)4

Answers

Answer:

The rate of change of function 1 is 0 and the rate of change of function 2 is 2. The rate of change of function 2 is 2 more than the rate of change of function 1.

Step-by-step explanation:

The rate of change is also known as slope. The slope of a linear function or a line is

It is given that the function 1 is passing through the points (0,3) and (4,3). Slope of function 1 is

Therefore the slope of first function is 0.

The slope intercept form of a line is

Where, m is the slope and b is y-intercept.

The second function is

Therefore the slope of second function is 2 and the y-intercept is 1.

The rate of change of function 1 is 0 and the rate of change of function 2 is 2. The rate of change of function 2 is 2 more than the rate of change of function 1.

Yeah I hope its Helpful for you

Choose me Brainiliest

Hmm anyone can solve this is cool, (and will earn a peppermint)


Bill tax: $56
Your Money: $16

(What’s the decrease of money you paid for your tax)

Answers

Prob $56-16=40, so $40 was lost so

the answer is 40..

(Sorry if it’s wrong

Sakura's house is at an elevation between 113 m and 120 m above sea level. Her friend Ted lives about 15 m below her.

Part A: Choose the compound inequality that describes the elevation x of Ted's house

B: Ted lives between ____ m and _____ m above sea level.​

Please help me, I really don't know where to start.

Answers

Answer:

98 or 105

Step-by-step explanation:

At a sale of radio sets, 1/3 of all the sets were sold the first day, 1/4 of all the sets were sold the second day, and 1/8 of all the sets were sold the third day. What fractional part of the sets was left unsold after the third day?
A) 17/24
B) 5/12
C) 7/18
D) 7/24

Answers

Answer: 7/24 is the answer to this question

Someone help I can’t get my brain to function correctly

Answers

84= 28×3

28=4×7

4= 2×2

600= 50× 12

50= 25x2 12=3x4

25=5x5 4=2x2

hope it will hepl :)

Roger paid $27.50 for a sweatshirt. This amount includes a sales tax of 10%. What was the cost of the sweatshirt before tax?

Answers

Answer:$25.00

Step-by-step explanation:

Net Amount (excluding tax) $25.00

Tax (10.0%) $2.50

Gross Amount (including tax) $27.50

in short 10% tax of $25.00 is $27.50.

The required cost of the sweatshirt before tax s given as $24.50.

What is the percentage?

The percentage is the ratio of the compositions of matter to the overall composition of matter multiplied by 100.

Here,
Roger paid $27.50 for a sweatshirt. This amount includes a sales tax of 10%.
Cost of the sweatshirt before tax = 27.50 - 10% of 27.50
                                                   = 27.50 - 0.1× 27.50
                                                  = $24.50

Thus, the required cost of the sweatshirt before tax s given as $24.50.

Learn more about percentages here:

brainly.com/question/13450942

#SPJ6

please help i do not get it

Answers

your starting temperature was 29 degrees. it drops 5 degrees every hour. let the hours be X.

so, 29-5x would be the equation.

answer: 29-40 = -11. :)

explanation: multiply 5 times 8, because 9am to 4pm is 8 hours. this is 40. take your starting temp, 29 minus 40.

hope this helps
Other Questions
determine the total voltage in the circuit below the ammeter is reading 4 A what is the number of distinguishable permutations of the letters in the word, POTATO please help me i would really appricate it What long-term goals do the World Bank, SANParks, and the South African government hope the expansion of Addo Elephant National Park will achieve? I'LL GIVE BRAINLISTWhat advantages does wifi applications of waves have over the previous technology? PLS help and no links to another websites....What were two of Washingtons warnings to the new Republic? Did we listen to him on either? Was he right? is it pp PP pP or coc All cells contain the molecule DNA. Which best explains why DNA is important to all cells?A) All cells need DNA to process sugars.B) All cells need DNA to carry information.C) All cells need DNA to reproduce asexually.D) All cells need DNA to perform photosynthesis. help lol the last answer choice is y=5/3x-10 Which sentence supports the idea that tattoos are more common than they used to be? A. More young people than older people get tattoos, B. About 40 million Americans have tattoos today. C. Three times more people have tattoos than they did 70 years ago. D. A study found that one in eight Americans has tattoos. A consulting engineering firm wants to make a preliminary cost estimate for the design/construct of an e-commerce warehouse facility in the south of the country. The firm completed a similar project in 2012 that had a construction cost of $70 million, and it wants to use the ENR Construction Cost Index (CCI) to update the cost. If the index value in 2012 was 8802 and today it is 12,250, determine the estimated cost of the facility today. (Note: CCI values may be different on its website.) Drag each question to the correct location on the table. Classify the questions as statistical or not statistical. PLEASE HELP I WILL GIVE BRAINLIEST PLEASE HELP I GIVE BRAINLIEST Can angiosperms be considered male or female? plz help 50 points will give brainliest to first correct answer Simplify each expression, 50 1/2+(-12.3), -50 1/2+(-12.3), -50 1/2 +12.3 How many grams are in 1.46 mol K2O? PLEASE ANWSER QUICK PLS PLS Which of the following is responsible for carrying genetic instructions for making protein out of the nucleus? DNA mRNA rRNA tRNA