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- I am unable to obtain the same final answer and wonder if I am calculating a portion incorrectly. Can someone help me break down the continued equation?Jose hopes to earn $600 in interest in 4.3 years time from $6,000 that he has available to invest. To decide if it's feasible to do this by investing in an account that compounds quarterly, he needs to determine the annual interest rate such an account would have to offer for him to meet his goal. What would the annual rate of interest have to be? Round to two decimal places.suppose chad had 5000 to invest. if he invested 3000 at 5% interest at what rate would he have to invest the remaining 2000 so that the two investment would yield at least 300 in yearly interest.
- Solve manually using formulas. At an annual effective interest rate i, an investment of 1 unit doubles in a years, triplesin b years and grows to 5 in c years. a.) To what amount does 10 grow in 3a + 2b years? b.) In how many years (in terms of a, b, c) will 1000 grow to 1200?The rate of fingernail growth depends on many factors, but in adults, nails grow at an average rate of 3 millimeters per month. If a nail is initially 12 millimeters long, find a formula that gives the length L, in millimeters, of the nail (if left unclipped) after t montApproximate the solution of the equation x2+x−3=0 to 7 decimal places with the initial guess x0=2.
- if the principal p is invested at an interest rate r compounded annually, the amount after t years is given by formula A=P (1+r)t. If P10000is invested at 15% interest and yields P20000, how many years was it invented?Jack invests $1500 at a certain annual intrest rate, and he invests another $3000 at an annual rate that is one-half percent higher. If he recieves a total of $330 intrest in one year, at what rate is the $1500 invested.Solve the following problems. How much interest is charged when P50, 000 is borrowed for 9 months at an annual interest rate of 10%? When invested at annual interest rate of 7%, the amount earned P11,200 of simple interest in two years. How much money was originally invested? If an entrepreneur applies for a loan amounting to P500, 000 in a bank, the simple interest of which is P157,500 for 3 years, what interest rate is being charged? Find the maturity value and the compound interest if P10,000 is compounded annually at an interest rate of 2% in 5 years. Suppose your father deposited in your bank account P10,000 at an annual interest rate of 0.5% compounded yearly when you graduate from kindergarten and did not get the amount until you finish Grade 12. How much will you have in your bank account after 12 years?
- Due to the large number of human tourists and a declining food supply, the blue-footed booby population in the Galapagos Islands is decreasing with a half life of about 13.7 years. a. What fraction of the booby population will remain in 10 years? b. If there are currently only 6,500 blue-footed boobies alive, how many would we expect there to be in 2047?Solve the following equation. ln y = 3Suppose Chad has $5000 to invest. If he invests $3000 at 5% interest, at what rate must he invest the remaining $2000 so that the two investments yield at least $300 in yearly interest?