Sam invests 1700 in a savings account that pays a nominal annual interest rate of 2.74% Sam makes no further payments or withdrawals from this account

David also invests 1700$ in a savings account that pays an annual rate of r% compounded yearly David makes no further payments or withdrawals from this account fund the value of r so that the amount in David’s account after 10 years will be equal to sams account

Answers

Answer 1

a.) The amount that Sammy will have in his account after 10 years will be= $2,165.8

$2,165.8b.) The value of 'r' required would be = 0.27%

What is interest rate?

Interest rate is defined as the rate at which an individual receives an amount of money from an investment made over a period of time.

The amount invested by Sam(P) = $1700

The interest rate(R) = 2.74%

The time of investment (T) = 10 years

Simple interest = P×T×R/100

= 1700×10×2.74/100

= 46580/100

= $465.80

Therefore, the amount that Sammy will have in his account after 10 years will be = $1700 + $465.80

= $2,165.8.

For David's account interest rate the following is carried out:

The amount invested by Sam(P) = $1700

The interest rate(R) = r%

The time of investment (T) = 10 years

Simple interest (SI) = $465.80

Using the formula for simple interest;

SI = P×T×R/100

Make R the subject of formula;

R = SI×100/P×T

R = 465.80×100/1700×100

R= 46580/170000

R= 0.27%

Learn more about simple interest here:

https://brainly.com/question/25793394

#SPJ1

Complete question:

Sam invests $1700 in a saving account that pays a nominal annual rate of interest of 2.74% compounded half-yearly. Sam makes no further payments to, or withdrawals from, this account. (a) Find the amount that Sam will have in his account after 10 years.

David also invests $1700 in a savings account that plays an annual rate of interest of r%, compounded yearly. David makes no further payments or withdrawals from this account. (b) Find the value of 'r' required so that the amount in David's account after 10 years will be equal to the amount in Sam's account.


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Answer:

$13.64

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A= 160 in. squared

Step-by-step explanation:

Find Y.
Round to the nearest tenth.

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Answer:

Y ≈ 59.0°

Step-by-step explanation:

Using the Cosine rule

cosY = [tex]\frac{x^2+z^2-y^2}{2xz}[/tex]

with x = 22, y = 20, z = 18

cosY = [tex]\frac{22^2+18^2-20^2}{2(22)(18)}[/tex]

        = [tex]\frac{484+324-400}{792}[/tex]

        = [tex]\frac{408}{792}[/tex] , then

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A baker has 6 pounds of sugar. He divides into 3 containers. He then uses 1 container to bake pies. Which expression shows how many pounds of sugar the baker used?

Answers

Step-by-step explanation:

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Answer:

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Step-by-step explanation:

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Question 1) x + 6 = 20
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Question 2) x - 2 = 5
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prove why 2,5,8,11 and 14 are not perfect squares?​

Answers

Answer:

because there is an exact square number such as:4,9

Answer:

✓2=1.41421

✓5=2.23607

✓8=2.82842

✓11=3.31662

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Step-by-step explanation:

Therefore the numbers are increasing by three so they cant be perfect square

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Answer:

y=-x/3+5/3

Step-by-step explanation:

slope form is y=mx+b

What is the slope, m, of the line through (-7, -2) and (-6, 7)?

Answers

Answer:

Slope = 9

Step-by-step explanation:

(-7 , -2) ;  x₁ = -7  and  y₁ = -2

(-6 , 7) ;  x₂ = -6  and y₂ = 7

Slope = [tex]\frac{y_{2}-y_{1}}{x_{2}-x_{1}}[/tex]

          [tex]=\frac{7-[-2]}{-6-[-7]}\\\\=\frac{7+2}{-6+7}\\\\=\frac{9}{1}\\\\= 9[/tex]

Best Company sells personalized mugs for $18 each plus a fixed fee of $26 for shipping and handling for the entire order. The Cup Expert Company sells personalized mugs for $22 each plus a fixed fee for $14 for shipping and tandling for the entire orderHow many personalized mugs would a customer have to purchase for the total cost of each company to be the same?

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Answer:

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Step-by-step explanation:

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Answer:

Step-by-step explanation:

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Answer:

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Step-by-step explanation:

If she has $146 in he account and we take away $193, we are left with -$47, making her in debt.

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Johnathan wants to paint the bottom of his swimming pool the color blue. the swimming pool has a diameter of 50 feet . How many square feet will Johnathan need to paint ?

Answers

Johnathan will need to paint 1,962.5 square feet.

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Answers

9514 1404 393

Answer:

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Step-by-step explanation:

The solution to the matrix equation ...

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is shown in the attachment. It is found by multiplying the equation on the left by the inverse of the coefficient matrix.

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Question 2
Find the Total Surface Area and volume of the prism below. Round to the nearest hundredth, if necessary.
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16 cm
18 cm
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cm cubed
Volume =
Back
Next
M

Answers

the volume is 2304
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Find the scale factor used to go from the actual picture to the scale drawing!

Answers

Answer:

1/3

Step-by-step explanation:

9:6

3:2

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6 x (1/3) = 2

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Answers

Answer:

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Step-by-step explanation:

-5x³ - 10x² - 15x

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Answers

Answer:

18 hours at least to reach the goal

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Well 519 is the lowest objective so lets aim for that

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Answers

Answer:

Step-by-step explanation:

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Answer:

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Step-by-step explanation:

Vicky made some purchases at the
Sunflower Market. She bought strawberries
for $3.50, carrots for $2.25 and a bouquet of
flowers for $9.95. If sales tax is 5%, what will
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1. $16.48

2. $15.70

3. $16.49

4. $16.50

Answers

Step-by-step explanation:

Vicky Bought:

Strawberries $3.50

Carrots $2.25

Flowers $9.95

Subtotal $3.50 + $2.25 + $9.95

= $15.70

5% Sales Tax (5% of Subtotal) = 5/100 x $15.70

= $0.785 (will not round off here as it is not the final answer.)

Total = Subtotal + 5% Sales Tax

= $15.70 + $0.785

= $16.485

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Answers

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Answers

Answer:

Step-by-step explanation:

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Round your answer to the nearest tenths place.

Answers

Answer:

351.7

Step-by-step explanation:

Volume of a cylinder:

V = πr²h

V = 3.14(4²)(7)

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Rounded to the nearest tenth:

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Answer:

There isnt a rectangle buddy

Step-by-step explanation:

Solve the right angle . Round decimal answers to the nearest tenth

Answers

9514 1404 393

Answer:

YZ = 8.5∠X = 70.5°∠Z = 19.5°

Step-by-step explanation:

There are a couple of ways to do this. We can find YZ using the Pythagorean theorem, or we can find it using trig functions.

We know from SOH CAH TOA that ...

  Cos = Adjacent/Hypotenuse

  cos(X) = 3/9 = 1/3

  X = arccos(1/3) ≈ 70.5°

Angle Z is the complement of this, so is ...

  Z = 90° -70.5° = 19.5°

__

The length of side YZ can be found from ...

  Sin = Opposite/Hypotenuse

  sin(X) = YZ/XZ

  YZ = XZ·sin(X) = 9·sin(70.5°) ≈ 8.485 ≈ 8.5

__

In summary, ...

  YZ = 8.5; ∠X = 70.5°; ∠Z = 19.5°

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