Bank D pays 7.289% effective annual yield, on an investment account in which interest is compounded weekly. What is the annual interest rate before compounding?

Answers

Answer 1

The annual interest rate before compounding will be 7.0404%.

What is compound interest ?

Compound interest is the type of interest that is calculated using both the principal and the interest that has accumulated over the preceding period.

Given that Bank D pays 7.289% annual yield on an investment account in which interest is compound weekly.

We know that there are 52 weeks in 1 normal year.

The annual interest rate before compounding can be calculated using the formula of compound interest.

Compound interest = Amount - Principal

And Amount is given by the formula ;

Amount = P × [tex](1 +R)^n[/tex]

where ; R is in %.

Let's assume P = $1.

So , the compound interest will be equal to

CI =  P × [tex](1 +R)^n[/tex] - P

CI + P = P × [tex](1 +R)^n[/tex]

CI + 1 = 1 × [tex](1 + R)^n[/tex]

As the investment account is compound weekly, so the annual interest rate will be divide by 52 or it will be R / 52.

1 + (7.289/100) = 1 + (R/52)^52

0.07289 = (R/52)^52

Solving this we will get ;

R = 0.0704035593

or

R = 7.0404%

Therefore , the annual interest rate before compounding will be 7.0404%.

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Related Questions

Help plz Translate this sentence into an equation.
The product of Jenny's savings and 2 is 36.
Use the variableſ to represent Jenny's savings.

Answers

2x = 36
Jenny’s savings multiplied by (product) 2 is 36
X will be equal to 18

Answer:

2j = 36

Step-by-step explanation:

First, look for keywords.

"Product" means you multiply, and when you multiply a number by a variable you set it up by putting them together as demonstrated. 36 is the product so it's your total.

please help i need the answer asap

Answers

Answer:

thanks for the free points! anways but i think it s c

Step-by-step explanation:

its c

The bakery sells each cake for $120. Last year, the bakery sold 98 cakes. How much money did the bakery earn selling cakes?

Answers

Answer:

The bakery earned $11760 by selling cakes

Step-by-step explanation:

Cost of 1 cake = $120

Bakery sold cakes = 98

We need to find how much money did the bakery earn selling cakes?

We are given cost of 1 cake, if we multiply cost of 1 cake by 98 we can get cost of 98 cakes. Solving:

Cost of 1 cake = 120

Cost of 98 cakes = 120 x 98

                            = 11760

So, The bakery earned $11760 by selling cakes

Max has $17 in a fund he is creating to save for a bike. He adds $6 per week of his babysitting
earnings to the fund. If his weekly fund balance is represented by an arithmetic sequence, find
the 27th term.

Answers

The 27th term is $173.

In an arithmetic progression the difference between the two consecutive terms is same.

Here it is given that the first term of the AP which is represented by a is $17.

And Max adds $6 after every week in his fund so the common difference d is $6.

We know the general expression to find the nth term of an AP is

= a+(n-1)d

Here we have to find the 27th term. so the value of n will be 27.

Now the 27th term of the AP = 17+(27-1)6

                                             = 17+156

                                             = $ 173

The balance in the fund after 27th week will be $173.

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what’s the area
4x+2
6x

Answers

4x+2 6x
4x2= 8 + 2 = 10 x 6= 60 I hope it helps:)

Can you please help me with this math problem question five

Answers

Answer:

Both calculated the slope as 2/9

Step-by-step explanation:

A 16 oz bottle of a new soda costs $3.59. What is the unit rate, rounded to the nearest tenth of a cent?

The unit rate is __ cents per oz.

Answers

The unit rate is 22.5 cents per oz .

The unit rate of any quantity is calculated by dividing (total cost) with (total units purchased).

For Example : If 12 bananas cost $120 then 1 banana will cost 120/12=$10.

In the given question

16oz bottle costs $3.59.

As we have to find the unit rate in cents per oz , we first convert $3.59 to cents.

We know that

$1=100cents

$3.59=100*3.59

=359cents

So the price of 16 oz bottle = 359 cents

Unit rate = (total price ) / (units purchased)

Substituting the total price as 359 cents and units purchased as 16oz.

Unit rate = 359/16

=22.4375

≅22.5

Therefore , the unit rate is 22.5 cents per oz.

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To determine the number of trout in a​ lake, a conservationist catches 94 ​trout, tags them and throws them back into the lake.​ Later, 30 trout are​ caught; 10 of them are tagged. How many trout would the conservationist expect to be in the​ lake?

Answers

Tagged? 84 if the 10 weren’t thrown back in general? 94+20=114 I’m not sure if this answers your question, sorry if it doesn’t, your question wasn’t very specific.

Factor the expression.
25a + 15 =

Answers

Well the only thing you can do is divide both by 25


Suppose you borrow $680 for a term of three years at simple interest and 3.94% APR. Determine the total (principal plus interest) you must pay back on the loan.

Answers

The total amount that we need to pay back after the end of 3 years with principal amount as $ 680 and simple interest as 3.94 % will be $ 760.376.

We are given that:

Principal amount = P = $ 680

Time period = t = 3 years

Simple interest rate = r =  3.94 %

We know that, the formula for simple interest is given by:

SI = P × r × t

SI = 680 × 3.94 % × 3

SI = 80.376

Amount will become:

Amount = $ 680 + $ 80.376

Amount = $ 760.376

Therefore, we get that, the total amount that we need to pay back after the end of 3 years with principal amount as $ 680 and simple interest as 3.94 % will be $ 760.376.

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What is the sum of three hundredths plus two?

Answers

.3 tenths .03 hundredths...

Add two-2

.03 + 2

2.03

I feel like this isn’t the answer your looking for, perhaps you worded the question wrong?

Answer:

2.03

Step-by-step explanation:

A
woman has
ten
skirts and
four
blouses. Assuming that they all​ match, how many different
skirt​-and-
blouse combinations can
she ​wear?
Question content area bottom
Part 1
The
woman can wear
enter your response here
different
skirt​-and-
blouse combinations.

Answers

Four because there is only four blouses and ten skirts so you only can get 4 combinations, plus it says assuming they all match

triangle LMN is reflected about line y=3

where is point M on the transformed triangle?
A.(3,6)
B.(9,6)
C.(-3,-6)
D.(-3,0)​
please answer it I need it for a test pls help

Answers

Answer:

the correct answer is: c (-3,-6)

For 6 consecutive days, Alejandro studied for 5 minutes more each day than he did the previous day. Which best represents the change in the amount of time that Alejandro studied on the first day to the amount of time he studied on the last day? –30 minutes –11 minutes 11 minutes 30 minutes

Answers

Answer:

it is on ed it is 30

Step-by-step explanation:

Answer:

30 minutes

Step-by-step explanation:

Annisa wrote an expression that represents
“the product of 6.2 and the sum of 3c and 8.”
What are the factors of the expression?

Answers

Answer:

“the product of 6.2 and the sum of 3c and 8'' will be algebraically represented as:

⇒ (6.2) (3c + 8)

We know that the numbers that we multiply are the factors of the product.

Here, (6.2) and (3c+8) are the factors of the expression.

Step-by-step explanation:

Let us breakdown and translate the word expression into an algebraic expression.

The sum of 3c and 8 is algebraically represented as:

⇒ 3c + 8

Thus,  “the product of 6.2 and the sum of 3c and 8'' will be algebraically represented as:

⇒ (6.2) (3c + 8)

We know that the numbers that we multiply are the factors of the product.

Here, (6.2) and (3c+8) are the factors of the expression.

GUYS PLEASE HELPPPP (and dont take the points pls)

Answers

Answer:

12.9

Step-by-step explanation:

Let's understand this,

Angle of elevation is 30° and the is standing perpendicularly, we have to find the distance from the branch to the mouse.

According to question,

cosine or cos thita = Base/Hypotenuse

Cos 30° = 15/H

0.86 = 15/H

H = 0.86 × 15

H = 12.9 (Round off 13)

Hope it helps!

[(1.7×106)÷(2.63×105)]+7.33

Answers

Answer:

[(1.7×106)÷(2.63×105)]+7.33

=7.9825439073

I HOPE IT HELP YOU

The answer would be 7.9825439073

SOMEONE HELPPP I CANT DO IT

Answers

Answer:

???????

Step-by-step explanation:

6. Here are some lengths, widths, and areas of a garden whose perimeter is
40 feet. (Lesson 6-1)
. Complete the table with the missing
measurements.
b. What lengths and widths do you think will produce
the largest possible area? Explain how you know.
Length
4
8
10
12
14
16
Width
(ft)
16
12
Area
(sq ft)
64
96
64

Answers

If the length of the garden is 8 feet and width is 12 feet then the area of the garden be 96 [tex]feet^{2}[/tex], if the length of garden is 12 and the area of the garden is 96 [tex]feet^{2}[/tex],then the width be 8 feet, if the length of garden is 16 feet and the area is 64 [tex]feet^{2}[/tex], then the width of garden be 4 feet and the length and breadth which produce largest area are 8 feet and 12 feet and they can be interchanged.

Given a table of various combinations of length and breadth of garden.

We are required to fill the blanks and find the length and widths which produce largest area.

Length           Width                 Area

4                       16                      64

8                       12                      96  

10                          

12                     8                       96

14                                          

16                      4                       64

The bold values were the blanks. The blanks which is not filled cannot be filled because we need atleast two values whether they will be length and breadth , breadth and area or length and area. The largest area is 96 [tex]feet^{2}[/tex]. The length and breadth are 8 feet and 12 feet. They can be interchanged because we have two such combinations.

Hence if the length of the garden is 8 feet and width is 12 feet then the area of the garden be 96 [tex]feet^{2}[/tex], if the length of garden is 12 and the area of the garden is 96 [tex]feet^{2}[/tex],then the width be 8 feet, if the length of garden is 16 feet and the area is 64 [tex]feet^{2}[/tex], then the width of garden be 4 feet and the length and breadth which produce largest area are 8 feet and 12 feet and they can be interchanged.

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Question is incomplete. It should include the attached picture.

PLEASE HELP (will give brainiest) (please dont steal it would mean Alot)

Answers

Answer:

87, if it were 45 degrees,  it would be 90, closest to 90 is 87

Answer:

87 feet

Step-by-step explanation:

We have an angle that's 44 degrees and we know that Susan is 90 feet from the base of the tree. We need to know the height of the tree, which is the value opposite from the angle we know.

Use tangent to find height.

tan (44) = x / 90   then multiply both sides by 90

x = tan (44) * 90   evaluate tan(44) and substitute into the equation

x = 86.911

round to nearest whole foot: 87 feet

A bag contains 4 red marbles, 3 blue marbles, and 7 green marbles. If a marble is randomly selected from the bag, find
the probability that a blue marble will be drawn.
a.
b.
1
3
1
OC
OD
C. 1
7
Mark this and return
d.
Please select the best answer from the choices provided
3
14
NEED HELP ASAP

Answers

Answer:

3/14

Step-by-step explanation:

4 + 3 + 7 = 14

The  blue marbles are 3,

So the probability will be total blue  ÷ total marble

3 / 14      which is D

Geno invested $2,000 into an account that earns 8.5% interest compounded annually. How
much interest will Geno earn after 3 years?
HELP

Answers

8.5% interest would yield $170 annually for a total interest earnings of $510

what values of a,b,c make this equation true? (2x-5)(x+2)+(ax^2+bx+c)=6x^2-4x-7

Answers

Answer:

A - a = 4, b = -3, c = 3

Step-by-step explanation:

When you substitute in a, b, and c you get

(2x - 5) (x + 2) + (4x^2 + -3x + 3)

collect like terms

(2x)(x) + (2x)(2) + (−5)(x) + (−5)(2) + 4x^2 + −3x + 3

combine like terms

2x^2 + 4x + −5x + −10 + 4x^2 + −3x + 3

(2x^2 + 4x^2) + (4x + −5x + −3x) + (−10 + 3)

6x^2 + −4x + −7

6x^2 + −4x −7

(WILL MARK BRAINLIEST) answer the question in image below please follow the directions on the paper about answer as improper fraction in simplest form, Many thanks!

Answers

Answer:

43/24

Step-by-step explanation:

The solving steps are as follows:

rearrange the fractionsthen figure out the LCM of the denominator , that is 24 in this casedivide 24 by the the denominator of the first fraction and multiply the result with the numerator. Follow the same process as (3) for the latter fractionSubstract the result of (4) from (3) And we're done!!

[tex] - \dfrac{3}{8} + \dfrac{13}{6} \\ = \dfrac{13}{6} - \dfrac{3}{8} \\ = \dfrac{13 \times 4 - 3 \times 3}{24} \\ = \dfrac{52-9}{24} \\ = \boxed{\frac{43}{24} }[/tex]

Answer:

43/24

Step-by-step explanation:

Fraction addition: First find the LCM of the denominators 8 and 6.Using the LCM find equivalent fractions.Now, the denominators are same and so add the numerators.Simplify.

LCM of 6 and 8 = 24

[tex]\sf \dfrac{-3}{8}=\dfrac{-3*3}{8*3}=\dfrac{-9}{24}\\\\\\\dfrac{13}{6}=\dfrac{13*4}{6*4}=\dfrac{52}{24}\\\\\\\dfrac{-3}{8}+\dfrac{13}{6}=\dfrac{-9}{24}+\dfrac{52}{24}[/tex]

              [tex]\sf = \dfrac{-9+52}{24}\\\\= \dfrac{43}{24}\\\\[/tex]

What is the area of a rectangle with side lenghts of 5/12 foot and 2/3 foot

Answers

Answer:

0.277 ft^2

Step-by-step explanation:

5/12 * 2/3 = 0.277

Answer:

5/18

Step-by-step explanation:

5/12 * 2/3 = 5/6 * 1/3 = 5/18

Determine the cubic function obtained from the parent function y=x^3 after each sequence of transformations.
a reflection across the x-axis; a translation 1 unit up; and a translation 2 units right

Answers

Answer:

-(y+3)=(x-2)^3

Step-by-step explanation:

Transformed function B is f' ( x ) = - ( x - 2 )³ + 1

The transformed function is given by y = - ( x - 2 )³ + 1

How does the transformation of a function happen?

The transformation of a function may involve any change.

Usually, these can be shifted horizontally (by transforming inputs) or vertically (by transforming output), stretched (multiplying outputs or inputs), etc.

If the original function is y = f(x), assuming the horizontal axis is the input axis and the vertical is for outputs, then:

Horizontal shift (also called phase shift):

Left shift by c units:  y=f(x+c) (same output, but c units earlier)

Right shift by c units:  y=f(x-c)(same output, but c units late)

Vertical shift:

Up by d units: y = f(x) + d

Down by d units: y = f(x) - d

Stretching:

Vertical stretch by a factor k: y = k × f(x)

Horizontal stretch by a factor k: y = f(x/k)

Given data ,

Let the parent function be denoted as A

Now , the value of A is

y = x³

Let the transformed function be denoted as B

Now , the value of B is calculated by

Step 1 :

A reflection across the x-axis

So , the function changes to g ( x ) = -x³

Step 2 :

A translation 1 unit up

Up by d units: y = f(x) + d

So , the function changes to h ( x ) = -x³ + 1

Step 3 :

A translation of 2 units right

Right shift by c units:  y=f(x-c)

So , the function changes to f' ( x ) = - ( x - 2 )³ + 1

Therefore , the value of B is f' ( x ) = - ( x - 2 )³ + 1

Hence , the transformed function B is f' ( x ) = - ( x - 2 )³ + 1

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Solve the problem below

8 ÷ 2(2+2)=

Answers

The answer is 16 use pendas

Answer: 16

Step-by-step explanation:

do the parentheses first.

8 / 2 x 4

then calculate.

4 x 4 = 16

Write the equation of the line in point-slope, slope-intercept, and standard form.
38. Line passing through points (-4, 2) and (0,3)

Answers

First find slope
(3-2)/(0+4) = 1/4 (slope)

Point slope: y-2 = 1/4(x + 4)

Slope intercept: y = 1/4x + 3

Standard form = 1 - 4y = -12

Who can give me this answer

Answers

The believe the answer is 3/5

An 80-foot diameter reservoir currently holds 825,000 gallons of water. What is the depth of water in this reservoir, measured in feet?

Answers

Answer:

Step-by-step explanation:

d=80 ft

r=80/2=40 ft

volume of cylinder=π r²h,where h is height or depth of cylinder.

π×40²×h=825,000

πh=825,000/40²=4125/8

h=4125/(8π)≈164.1285≈164.13 ft

The depth of water in the reservoir is approximately 21.92 feet.

To find the depth of water in the reservoir, we can use the formula for the volume of a cylinder:

Volume = π * r^2 * h

Where:

Volume is the total volume of water in the reservoir (in gallons),

π (pi) is a mathematical constant approximately equal to 3.14159,

r is the radius of the reservoir (half of the diameter), and

h is the depth of water in the reservoir (in feet).

Given:

Diameter = 80 feet

Volume = 825,000 gallons

We first need to calculate the radius (r) of the reservoir:

Radius (r) = Diameter / 2 = 80 feet / 2 = 40 feet

Now, we can convert the volume from gallons to cubic feet because we need the measurements to b²e in consistent units:

1 gallon ≈ 0.13368 cubic feet

Volume (in cubic feet) = 825,000 gallons * 0.13368 cubic feet/gallon ≈ 110,127 cubic feet

Now, we can find the depth (h) using the formula:

110,127 cubic feet = π * (40 feet)² * h

Solving for h:

h = 110,127 cubic feet / (π * 40 feet)² ≈ 110,127 cubic feet / 5026.5482 square feet ≈ 21.92 feet

Therefore, the depth of water in the reservoir is approximately 21.92 feet.

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