Hudson is going to invest $320 and leave it in an account for 9 years. Assuming the
interest is compounded monthly, what interest rate, to the nearest tenth of a percent,
would be required in order for Hudson to end up with $540?

Answers

Answer 1

Answer:

5.8

Step-by-step explanation:

Answer 2

The interest rate, to the nearest tenth of a percent, will be 0.05828.

How do you determine the amount of compound interest?

If the principal amount is P, the interest rate is R percent per unit time, and the compound interest is left for T units of time, the interest amount gained is:

[tex]\rm CI = P\left(1 +\dfrac{R}{100}\right)^T - P[/tex]

The total is:

[tex]\rm A = CI + PA = P(1 +\dfrac{R}{ 100})T[/tex]

The amount is found as;

[tex]\rm A = P(1+\frac{r}{n})^{nt}\\\\ 540=320 (1+\frac{r}{12} )^{12\times 9}\\\\ (1+\frac{r}{12})^{108}=\frac{540}{320}\\\\ 1+\frac{r}{12}=(\frac{540}{320})^{\frac{14}{108}[/tex]

[tex]\rm 1+ \frac{r}{12}=1.00486\\\\ \frac{r}{12}=0.00486\\\\ r=12 \times 0.0486 \\\\ r=0.05828[/tex]

Hence, the interest rate, to the nearest tenth of a percent, will be 0.05828.

To learn more about compound interest, refer:

https://brainly.com/question/11897800

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Related Questions

What is the value of x?

Answers

The answer you’re looking for is 19

How many times greater is the one in 1,255 than the one in 82,175

Answers

Answer:

You take 1,000 because it's in the thousandths place of 1,255. The value of that one is 1,000 so you multiply that times 100, which is the value of 1 in 82,175.

What is the volume of the figure?

Answers

Answer:

12.57

Step-by-step explanation:

same as last time you know

Solve the following equation for x.

m(7-x) = 5-y

Need help ASAP!!! Will mark brainliest if correct!!

Answers

The answer is x= y-5 /m

See the picture for explanation plz

A local movie theater is trying to find the best price at which to sell popcorn. To reach its goal of making at least $50,000 from popcorn sales this year, the theater decided to hire a consulting firm to analyze its business. The firm determined that the best-case scenario for the theater’s revenue generated from popcorn sales, while meeting its revenue goals, is given by this system of inequalities, where r represents the revenue in tens of thousands of dollars and p represents the sale price of popcorn in dollars. Complete the statements about the system’s possible solutions. The point is of this system. The point is of this system.

Answers

The question is incomplete. The complete question is :

A local movie theater is trying to find the best price at which to sell popcorn To reach its goal of making at least 550,000 from popcorn sales this year, the theater decided to hire a consulting firm to analyze its business The firm determined that the best case scenario for the theater's revenue generated from popcorn sales, while meeting its revenue goals, is given by this system of inequalities, where r represents the revenue in tens of thousands of dollars and p represents the sale price of popcorn in dollars [tex]$r \leq -0.23p^2+2.25p$[/tex] and r ≥ 5 solutions Complete the statement( a viable solution, both a viable and a nomlable solution). The point (4,6) a nonviable solution The point (6,5) mola bouton of this system of this system.

Solution :

Total amount to be targeted by selling of popcorns in the movie theatre is 550,000.

A viable solution is one which has a definite meaning or definite solution to the question in context whereas a non viable solution does not have a definite relevant solution to the question.

In the context,

The point (4,6) is a non viable solution as it does not satisfy 1st inequality and only satisfies the second inequality.

The point (6,5) is a viable solution as it satisfies both the inequalities.

Answer:

The point of (4,6) is not a solution of this system/

The point of (6, 5) is a viable solution of this sytem

Step-by-step explanation:

Plato LIves Matter

Name the marked angle in 2 different ways.

Answers

Answer:

Angle QOP

Angle QON

Note : O is the vertex

So it should be placed in the middle when you write .

Simple stain consists of
A. complex of dyes
B. one dye
C. two
D. all are correct

Answers

all are correct so D

What Is 20cm rounded to the nearest 10?

Answers

Answer:

20

Step-by-step explanation:

The model represents the percentage of family households in the 2012 census. What percent of households were not considered families?
A:75%
B:65%
C:65%
D:35%
also it's not c I got it wrong​

Answers

Is D look closely at the chart

What is the x-intercept of the equation -3x + 5y = -15

Answers

Answer:

Hi! Just for your safety do not click on the link in the other answer!

The answer to your questions is (5,0) Or another way to express it is 5.

Step-by-step explanation:

To find the x-intercept substitute 0 in for y and solve for x.

※※※※※※※※※※※※※※

⁅Brainliest is greatly appreciated!⁆

- Brooklynn Deka

Hope this helps!!

PLEASE HELP ME PLEASE!

Answers

Answer:

-4 and d

==============

Please give brainliest, I really want to rank up, thank you!

Answer:

x = d

x = -4

Step-by-step explanation:

not sure i tried

From the equation y = 4 - X, which ordered pair would represent a solution?
A (3,-1)
B (9,5)
C (6,-2)
D (0,-4)

Answers

I think it’s D hope that helped
Let’s rewrite the equation in y=mx+b
y=-x+4
The slope is -x or -1x. Rise 1, run 1
The y intercept is 4
Start from 4 on the y axis and move down 1 and right 1.
The line will cross point (6,-2)
Answer C

PLSSSSSSSSSSS HELP OMGGGGGGGG​

Answers

Answer:

hi

have a good day for you

A survey is being conducted to decide on how much time people spend watching sports on television. Tell whether the given sample is biased or unbiased. Explain your answers. (NOT A MULTIPLE CHOICE)

1. Every fifth person who enters Little Casesars Arena for a Red Wings game

2. Every tenth name in the phone.

Answers

Sampling bias occurs when some members of a population are systematically more likely to be selected in a sample than others. From this definition,

For sample 1, Every fifth person who enters Little Casesars Arena for a Red Wings game. This is not biased because no person is more likely to be selected than another

For sample 2, Every tenth name in the phone. This is also not biased

because no person is more likely to be selected than another

Give the most precise
name for the quadrilateral.
Then, find x and y.

A) square x=80 y=5
B) rhombus x=80 y=5
C) rhombus x=100 y=10
D) square x=80 y=10
E) rectangle x=100 y=7

Answers

Answer:

B

Step-by-step explanation:

quadrilaterals= 360 degrees, now if you sub 80 for x, 80 +100 is 180 x 2( counting the other side) so 180 x 2 is 360

*I know there is a better way to explain it, but this is a way i find it

The blue segment below is a radius of oo. What is the length of the diameter of the circle?

Answers

Answer:

Diameter = 25.4 units

Step-by-step explanation:

radius = 12.7

Diameter = 2 × radius

= 2 × 12.7

= 25.4 units

D

Step:
Length of diameter = 2* radius = 2*12.7= 25.4

Pls help ASAP. Pls and thx.

Answers

Answer:

(assuming the. values are the shaded areas)

area = x^2 + 2x +2

perimeter = 4x + 8

Step-by-step explanation:

you have all the side except the side of the 2 squares at the top.

The squares are 1 unit on each side because the area of the 2 slender rectangles on each side is x.

So the area is x^2 + x + x + 1 + 1

The perimeter is 1+x+1+1+1+x+1+1+1+x+1+x

(starting from the lower left side and walking around the perimeter clockwise)

Select the function that's represented in the graph

Answers

Answer: y = x^2 - 3

y-intercept = -3

NEED HELP ASAP FREE BRAINLIST

Answers

9514 1404 393

Answer:

113.04, 4, 452.1678.5, 11, 863.5153.86, 10, 1538.6

Step-by-step explanation:

When calculations are repetitive, I like to let a calculator or spreadsheet do them. Here we have used the formula for the base area:

  B = πr² = 3.14×r²

In the second figure, the radius is half the diameter, so is 5 units.

The table in the attachment lists the base area B, the height h (from the figures), and the volume V. These are the values that you need to drag and drop to the boxes in your problem.

  V = 113.04 · 4

  V = 452.16 units³ . . . showing how the numbers are used in the first figure

x+1/2=2 Plssssssssssssssssssssssssssssss help need anwser fast

Answers

Answer:

3/2

Step-by-step explanation:

Step-by-step explanation:

[tex]x + \frac{1}{2} = 2 \\ x = 2 - \frac{1}{2} \\ x = \frac{3}{2} [/tex]

Please help I’m really need the help (NO LINKS ) (NO LYING ) PART 2

Answers

Here multiple all your numbers together only for that question tho ok
Add the sides up of whatever is equal to the number it shows

The owner of a pet shop predicts that 10 out of 20 new puppies are male. He randomly selects 10 of the puppies, and notes that all 10 are male. Which of the following conclusions best supports his findings?
Select one:

10 of the puppies are male and 10 are female.

More than 10 of the puppies are male.

All 20 puppies are male.

Less than 10 of the puppies are male.

Answers

Answer:

A, 10 of the new puppies are male and 10 are female

Step-by-step explanation:

Really this is the one that makes the most since because if 10 of the puppies are male, then 10 must be female.

Answer: A

Step-by-step explanation:

Tammy will run more than 28 miles this week. So far, she has run 18 miles. What are the possible numbers of additional miles she will run?

Answers

Answer:

Any number that is greater than 10

Step-by-step explanation:

Tammy is wanting to run more than 28 miles. Having already ran 18, she has to run 10 more to even reach 28 miles in total. She wants to run MORE than 28 so the number of miles she has yet to run in possibility is any number that is GREATER than 10.

ex: 11, 12,13, 14.....

Help me



And Do not trust people that share links these people hack and put viruses into your phone/computer’s


DO NOT TRUST THESE LINKS

Answers

what links r u talking abt

A rectangle that has a side length of 9 centimeters and 6 centimeters. What is the area of the rectangle?

Answers

Rectangle = L * W
One side = length, other = width

9 cm * 6 cm = 54 cm^2
The area of 54 cm^2

Help please will mark brainliest

Answers

Answer:

150.80 sq ft

Step-by-step explanation:

Area of a cylinder = area of circle x length

r = 8/2 = 4

[tex]4^{2}[/tex]π x 3 = 48π = 150.7964474

Answer:

37.68ft³

Step-by-step explanation:

So the formula for the volume of a cylinder is base x height our height is 3 but we have to find the area of the base:

the formula is: radius² x 3.14 (pi)

so we find the radius by dividing the diameter by 2: 8 ÷ 2 = 4

4 x 3.14 = 12.56

So the area of the base is 12.56ft²

now we plug that into our equation:

12.56 x 3 = 37.68

So the volume of the cylinder is 37.68ft³

hope this helps:)

Please help me with this ASAP ASAP please

Answers

Answer:

r = 16 cm ; l = 34 cm ; LA = 544π cm^2 ; SA = 800π cm^2

Step-by-step explanation:

The volume of the cone can be find with this formula

V = (base area x height)/3

thanks to this formula we can find the base surface

base surface = (V x 3)/height

base surface = (2560π x 3)/30 = 256π cm^2

the formula of the base surface is

base surface = radius^2 x π

so we can find the radius in this way:

radius = √base surface/π

radius = √256π/π = 16 cm

slant height = [tex]\sqrt{radius^2 + height^2}[/tex]

[tex]\sqrt{16^2 + 30^2} =\sqrt{256 + 900} = \sqrt{1156} = 34[/tex] cm

lateral surface = radius x slant height x π = 16 x 34 x π = 544π cm^2

surface area = base area + lateral surface = 256π + 544π =800π cm^2

ANSWER !!
ILL GIVE 40 POINTS !!
DONT SKIP :((
PLUS BRAINLIEST !

Answers

Answer: 24km^2

Step-by-step explanation: The area of the middle rectangle of the trapezoid is 3×4=12. The two triangles on the sides are both 3-4-5 right triangles and have a combined area of 12 units^2. 12+12=24!

There are 2.2 pounds in a kilogram how many pounds is 10.5 kilograms?

Answers

2.2 pounds times 10.5 kilograms is 23.1 lbs

PLEASE HELP!!!!! FAST!!! I’ll mark brainliest

Answers

Answer:

the third one

Step-by-step explanation:

plan A is less expensive for more than 6 features

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