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Leno4ka
1 month ago
10

Lori buys a $1500 certificate of deposit (CD) that earns 6% interest that compounds monthly. How much will the CD be worth in 10

years?
Mathematics
1 answer:
Inessa [12.5K]1 month ago
4 0

Response:

The CD will have a value of $2,729.09 after a duration of 10 years.Solution:

Initial investment (P) = $1500

Interest rate (r) = 6%

                              $=\frac{6}{100}

                             = 0.06

Time period (t) = 10 years

Compounded on a monthly basis

Number of compounding intervals per time period

n = 12

A = Total amount

Formula for compound interest:

$A=P\left(1+\frac{r}{n}\right)^{n t}

$A=1500\left(1+\frac{0.06}{12}\right)^{12\times 10}

$A=1500\left(\frac{12+0.06}{12}\right)^{120}

$A=1500\left(\frac{12.06}{12}\right)^{120}

A=2729.09

The CD will have a value of $2,729.09 after a span of 10 years.

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At the warm-up event for Oscar’s All Star Hot Dog Eating Contest, Al ate one hot dog. Bob then showed him up by eating three hot
Inessa [12570]

Answer: Zeno consumed 51 hot dogs.

The total number of hot dogs consumed was 676.

Step-by-step explanation:

Al started by eating one hot dog. Bob then outperformed him by devouring three hot dogs. Carl, not wanting to fall behind, ate five hot dogs. This pattern continued, with each participant consuming two hot dogs more than the previous one. This indicates that the quantity of hot dogs eaten by each contestant followed an arithmetic sequence.

The formula for finding the nth term in an arithmetic series is given by

Tn = a + (n - 1)d

Where

a denotes the first term in the sequence.

d signifies the common difference.

n stands for the total terms in the sequence.

<pBased on the details provided,

a = 1 hot dog

d = 3 - 1 = 2 hot dogs

We aim to find how many hot dogs the 26th contestant, T26, consumed. Thus,

T26 = 1 + (26 - 1)2 = 1 + 50

T26 = 51 hot dogs

The formula to calculate the sum of n terms in an arithmetic sequence is

Sn = n/2[2a + (n - 1)d]

Hence, to find the total number of hot dogs consumed by 26 contestants, S26 is calculated as

S26 = 26/2[2 × 1 + (26 - 1)2]

S26 = 13[2 + 50]

S26 = 13 × 52 = 676 hot dogs

5 0
3 months ago
A pile of sand has a weight of 90kg the sand is put into a small bag and a medium bag and a large bag in the ratio 2:3:7
tester [12383]
90kg of sand was divided into 3 bags, constituting a total of 2+3+7=12 sections.
90kg/12=7.5kg
The smaller bag comprises 2 sections, hence it weighs 7.5kg*2=15kg
The medium-sized bag consists of 3 sections, leading to a total weight of 7.5kg*3=22.5kg
The larger bag encompasses 7 sections, resulting in a weight of 7.5kg*7=52.5kg
Thus, the ratio 2:3:7 translates to 15kg:22.5kg:52.5kg
Verifying, 15kg+22.5kg+52.5kg equals 90kg
3 0
2 months ago
a recipe for lemonade calls for 1 cup of sugar and 5 cups of water.How much sugar is used per cup of water
Inessa [12570]
For every cup of sugar, you will need five cups of water. To find out how much sugar is used per cup, you take 1 and divide it by 5, resulting in 1/5 cups of sugar.
6 0
2 months ago
Read 2 more answers
hury!!!! Which system is equivalent to StartLayout Enlarged left-brace 1st row y = negative 2 x squared 2nd row y = x minus 2 En
tester [12383]

Response:

The third option is correct

Step-by-step explanation:

What is the inverse of y = 7x^2 – 10?

y = ±√(x + 10) / 7

y = ±√((x + 10) / 7)

x = ±√(x / 7) + 10

y = ±√(x) / 7 ± √(10) / 7

8 0
2 months ago
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