Chester hopes to earn $1200 in interest in 2.9 years time from $24,000 that he has available to invest. To decide if it's feasible to do this by investing in an account that compounds daily, 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.

Q: The formula S = C(1 + r)t models inflation, where C = the value today, r = the annual inflation…

A: C is the value today and C=$465000 R is the annual inflation rate and r=6% t is the time in years…

Q: Suppose the wholesale price of a certain brand of medium-sized eggs p (in dollars/carton) is related…

A:

Q: Nico is saving money for his college education. He invests some money at 7%, and $1700 less than…

A:

Q: Caleb can lay a slab of concrete in 15 hours, while Kevin can do it in 9 hours.  If Caleb and Kevin…

A: This question is related to time and work , We will solve it using given information.

Q: Jose hopes to earn $600 in interest in 2.3 years time from $12,000 that he has available to invest.…

A: From the given information, it is observed that the present value is PV = $12,000 the future value…

Q: Jose can drive 3 times as fast as Raul can ride his bicycle. If it takes Raul 4 hours longer than…

A:

Q: A bank account balance, in dollars, is modeled by the equation f (t) = 1000 - (1.08)*, where t is…

A:

Q: Suppose that a 5-foot-long chandelier falls from a 35-foot ceiling and that you are 6 feet tall and…

A: At the outset, I want to state that since the figure referred to in the question is missing, I have…

Q: A tank initially contains 50 gallons of brine, with 30 pounds of salt in solution. Water runs into…

A: This question is related to differrential equations, We will solve it using given information.

Q: At the end of spring break, Lucy left the beach and drove back towards home, driving at a rate of 40…

A: Speed of Lucy = 40 mph Speed of Lucy's Friend = 50 mph

Q: At 8:30 a.m., a coroner was called to the home of a person who had died during the night. In order…

A: We have given the temperature of body was 84.2°F at 9:00 a.m. and 81.6°F at 11:00 a.m.

Q: Suppose the wholesale price of a certain brand of medium-sized eggs p (in dollars/carton) is related…

A: Suppose the wholesale price of a certain brand of medium-sized eggs p (in dollars/carton) is related…

Q: Lane has invested $6000 in a retirement account expected to grow according to the formula p =…

A: We have to make t as the subject of formula

Q: The formula  S = C(1 + r)t   models inflation, where C = the value today, r = the annual inflation…

A: We are already given the formula so all we need to do is to plug in the values.

Q: Bill and Brandon are downhill mountain-biking. Bill starts 500 feet ahead of Brandon and bikes at a…

A: Suppose, it will take t seconds for Brandon to catch up Bill So, at a rate of 42 feet/sec , Brandon…

Q: The balance after T months of a $3,000 investment is given by A(t)= 3000* 1.012^t. Determine how…

A:

Q: The annual returns on Jose's three investments amounted to $21,600: 6% on a savings account, 8% on…

A: Let,  x = amount invested in a saving account y = amount invested in mutual funds z = amount…

Q: A division of the Gibson Corporation manufactures bicycle pumps. Each pump sells for $9, and the…

A:

Q: The formula S = C(1 + r)t models inflation, where C = the value today, r = the annual inflation…

A: Given  S = C(1 + r)t  where C = today's value ,r = annual inflation rate and S = inflated value…

Q: A bank account balance, in dollars, is modeled by the equation f(t)=1,000(1.08)t where t is measured…

A: To find: The number of years after which the account balance is doubled. Given: The function that…

Q: On monday, Irithel's group sold 6 small t-shirts. Their daily goal is to sell double the number of…

A:

Q: if I invest 1000 at 2% interest how long will it take to double my money

A:

Q: Tom's team takes 2 hours to build the machine, while Sara's team takes 3 hours to build the same…

A: Concept used:  If  work completed in 'x' hours     =  1 amount of work               Then, work…

Q: Suppose the wholesale price of a certain brand of medium-sized eggs p (in dollars/carton) is related…

A: To find the rate of change of supply

Q: Maile deposited $9,000 into a retirement account whose balance grew 4%per year. She made no further…

A:

Q: The following formula models the number of prison inmates, P, in thousands, who are in U.S. prisons…

A:

Q: A cup of coffee contains about 130 mg of caffeine. If caffeine is eliminated from the body at a rate…

A: Use the exponential decay area.

Q: To open a small business you need an initial investment of $85,000. Your costs each week will be…

A:

Q: Demand for your tie-dyed T-shirts is given by the formula: q = 500 − 100p0.5 where q is the number…

A:

Q: Newborn blue whales are approximately24 feet long and weigh 3 tons. Young whales arenursed for 7…

A: Given that newborn blue whales are approximately 24 feet long and weigh 3 tons. Young whales are…

Q: the amount deposited at each rate if the total annual interest income is 1900.

A: We have to find the amounts deposited by Liza at each category. So let the amount deposited at 2.5%…

Q: Cindy has $70,000 to invest and requires an overall rate of return of 9%. Sheinvests her money in…

A: Let she puts $x in 8% account and puts $(70000-x) in 12% account.

Q: Sam earns a base rate of £50.00 per day for four hours work. Any hours worked over four hours are at…

A:

Q: At the beginning of spring, Madeline planted a small sunflower in her backyard. When it was first…

A: Given initial height of sunflower plant, he = 10 inches   Also, the sunflower grows at a rate of 1…

Q: A bank account balance, in dollars, is modeled by the equation f(t)=1000⋅(1.08)^t, where t is time…

A: The account balance at any given amount of time is given by the equation ft=1000·1.08t. To find:…

Q: An economist predicts that the buying power B(x) of a dollar x years from now will decrease…

A: To find the (decreasing) purchasing power of the dollar under the given model

Q: A foundation invests $55,000 at simple interest, a part at 7%, twice that amount at 4%, and the rest…

A: Let the investment at 7% be x amount.Then the investment at 4% = 2x.So, the investment at 5.5% =…

Q: Chris plans to attend college and he starts saving $150 per month to pay for it. He will need…

A: Let x years be needed to save enough for the first-year cost. Now given that, Chris starts saving…

Q: A small business borrowed $225,000 from three different lenders to expand their product line. The…

A: Let x =Amount borrowed at 7% 2x=Now Amount borrowed at 5%

Q: Jose is standing 9 feet east of a mailbox when he begins walking directly east of the mailbox at a…

A: Given that, Jose is standing 9 feet east of a mailbox when he begins walking directly east at a…

Q: Carl invested $10000 into a CD that compounds quarterly with an annual interest rate of 4.5%.…

A: Given Carl invested $10000 into a CD that compounds quarterly with an annual interest rate of 4.5%.…

Q: A sum of money invested at compound interest doubles itself in 3 years. In how many years will it…

A: Solution..

Q: Use a calculator to solve the equation. (Round your solution to three decimal places.)    x…

A: Solve the equation.

Q: over each week. (d) Gina wants to save money for a holiday at the end of the year. She calculates…

A:

Q: You invested $8000 in two funds paying 2% and 5% annual interest. At the end of the year, the…

A:

Q: Use the formula for simple interest I = Prt and solve. %3D John is going to invest $1418 at 8%…

A:

Q: Find the balance if $3200 invested at an annual rate of 4%for 10 years, compound continiously

A: Let , P = Principal amount         r = Annual rate of interest (in %)         n = Time (in years) If…

Q: At 8:30 a.m., a coroner was called to the home of a person who had died during the night. In order…

A:

Q: Kyle is entering high school and is determined to save money for college. Kyle feels he can save…

A: Answer:-

Q: Using a TMV solver You would be borrowing $350,000 for a home loan at 3% interest, but you are…

A: