At the start of 2007 an amount of R6 000 is deposited into a savings account at an interest rate of 5,55% p.a., compounded monthly. At the end of 2007 the interest rate increases to 6,05% p.a., compounded monthly. At the start of March 2009 the person decides to withdraw R3 400. What is the total amount available at the end of 2016?

Answers

Answer 1

The total amount available at the end of 2016, after considering the deposits, interest earned, and withdrawal, will depend on the specific calculations using the provided formulas and values. To determine the exact amount, you need to substitute the given values into the formulas and perform the necessary calculations.

To calculate the total amount available at the end of 2016, we need to consider the deposits, interest earned, and withdrawal.

Given:

Principal deposit at the start of 2007: R6,000

Interest rate for the first year (2007): 5.55% p.a., compounded monthly

Interest rate from the end of 2007 to March 2009: 6.05% p.a., compounded monthly

Withdrawal in March 2009: R3,400

First, let's calculate the amount at the end of 2007:

Amount at the end of 2007 = Principal deposit + Interest earned in 2007

Using the formula for compound interest:

Amount at the end of 2007 = R6,000 + R6,000 * (1 + 0.0555/12)^(12*1)

Next, let's calculate the amount at the start of March 2009:

Amount at the start of March 2009 = Amount at the end of 2007 + Interest earned from end of 2007 to March 2009

Using the same formula for compound interest:

Amount at the start of March 2009 = Amount at the end of 2007 * (1 + 0.0605/12)^(12*1.25)

Finally, let's calculate the total amount available at the end of 2016:

Total amount available = Amount at the start of March 2009 * (1 + 0.0605/12)^(12*7.75) - R3,400

By substituting the given values and performing the calculations, you can find the total amount available at the end of 2016.

Learn more about compound interest:

https://brainly.com/question/28020457

#SPJ11


Related Questions

The solution set of IR - 31 = 10 is?
{7, 13)
(-7, 13)
(-13, 13)

Answers

Answer:

{7, 13)

Step-by-step explanation:

IR - 31 = 10

IR = 41

7*13 = 41

(-7)*13 = -41

(-13)*13 = -169

help PLz will mark brain list

Answers

Answer:

10.10 15.15

Step-by-step explanation:

25.30 15.12 25.13

PLEASE ANSWER MY RECENT! ITS FOR 47 POINTS AND SUPER EASY! I JUST NEED ADVICE AND NO ONE HAS ANSWERD YET!

Answers

How do i look at your last question

Answer:

Hi

Step-by-step explanation:

Find the marginal distribution of military status in percentages. Round to the nearest whole percent.

Answers

The question is incomplete. Here is the complete question.

Mavis is interested whether military status is related to gender in American Samoa. The data she collected about the population of American Samoa in 2010 is below.

Find the marginal distribution of military status in percentages. Round to the nearest whole percentages.

In Armed Forces:

Military-dependent:

Civilian:

Answer: In Armed Forces: 0%

              Military-dependent: 3%

              Civilian: 97%

Step-by-step explanation: Marginal Distribution is defined as the probability distribution of variables contained in a subset.

For the American Samoa's military status, marginal distribution is

1) In Armed Forces:

[tex]p_{1}=\frac{87}{55,519}*100[/tex]

[tex]p_{1}=0.15[/tex]

2) Military-dependent:

[tex]p_{2}=\frac{1709}{55,519}*100[/tex]

[tex]p_{2}=3.08[/tex]

3) Civilian:

[tex]p_{3}=\frac{53,723}{55,519}*100[/tex]

[tex]p_{3}=96.77[/tex]

Now round each percentage to the nearest whole percentage:

Armed forces: 0%

Military: 3%

Civilian: 97%

The marginal distributions of military status are, in nearest whole percentage:

Armed forces: 0%

Military: 3%

Civilian: 97%

Problem #1: Ms. Barrett is doing an art project with her class. She has 4 sheets of tissue paper. If she gives each student a third of a sheet, how many students will get tissue paper?​

Answers

Answer:

12 students.

Step-by-step explanation:

If you had 4 sheets, you would want to start by dividing them all in 3's, since that's easiest. (open the file i just for a better example of how the sheet should look).

Now, let's assume these sheets are regular office sized paper.

Start by handing 1 third out to A student.

Now, since there are 4 sheets, divided in 3 sections, we multiply to see the result of how many sections there are.

4 x 3 = 12.

Therefore, 12 students will receive a third of the tissue paper.

12 students now can u help me with my history work

A group of students was asked about the number of e-mails they each sent
that day. The results are:
0,0,0,0,1,2,2,3,5,5, 8, 9, 10, 10, 10
Which histogram correctly shows the data set?

Answers

Answer:

C

Step-by-step explanation:

It was right on the quiz

Answer:

It’s B

explanation:


We've established that heights of 10-year-old boys vary
according to a Normal distribution with mu = 138cm and sigma = 7cm
What proportion is between 152 and 124 cm ?

Answers

The proportion of values between 152 and 124 cm is 0.8996 or 89.96%.

Proportion between 152 and 124 cm according to a normal distribution with mu = 138cm and sigma = 7cm is 0.8996.

According to the given question, we know that the mean is μ = 138 cm, standard deviation is σ = 7 cm.

We have to find the proportion that is between 152 and 124 cm.

To solve the problem, first we have to find the z-scores for 152 and 124 cm.

We can calculate the z-scores as follows:Z-score for 152 cm is given by:z152​=(152−138)7=2z_{152}=\frac{(152-138)}{7}=2z152​=(152−138)7=2Z-score for 124 cm is given by:z124​=(124−138)7=−2z_{124}=\frac{(124-138)}{7}=-2z124​=(124−138)7=−2

We can use a z-table or calculator to find the proportion of values between these two z-scores.

The area under the standard normal curve between z = -2 and z = 2 is approximately 0.8996.

Therefore, the proportion of values between 152 and 124 cm is 0.8996 or 89.96%.

Know more about normal distribution here:

https://brainly.com/question/15103234

#SPJ11

How do you find the value of x while working with adjacent and vertical angles? The angle is adjacent btw if that helps... I am in 7th grade and need help with this topic

Answers

Answer:

The angles are adjacent because they have a common side and vertex. Basically, they are both right next to each other.

x = 28

Step-by-step explanation:

When (x + 6)° and 56° are added together, they need to equal 90° since they are both parts of a right angle.

(x + 6) + 56 = 90

x + 62 = 90

x = 28

Can someone please help me answer this question asap thank you

Answers

Answer:

250

Step-by-step explanation:

i did cross multiplication 40/100 = 100/x

100*100 and divide by 40

I can't figure it out ​

Answers

Answer:

V = 17,371.8

Step-by-step explanation:

V = π r^2 h

V = π (12)^2 (38.4)

V = 17,371.75073729

V = 17,371.8

You have to calculate the area of the base of the cylinder (the circle) by using the formula π r^2, r = the radius of the circle. You are squaring the r because r^2 = diameter. The formula to get the area of a circle is π r ^2. To get the volume you need to multiply the area of the circle by the height of the cylinder. All together the total formula to get the volume of a cylinder is π r^2 h

assume x and y are functions of t. evaluate for the following. y³=2x²+14; dx/dt =3,x=5, y=4
dy/dt = __ (Round to two decimal places as needed.)

Answers

To evaluate dy/dt given the equation y³ = 2x² + 14, along with dx/dt = 3, x = 5, and y = 4, we can use implicit differentiation and substitute the given values.

dy/dt is approximately equal to 0.51 (rounded to two decimal places).

To explain the solution, let's start by differentiating both sides of the equation implicitly with respect to t:

3y²(dy/dt) = 4x(dx/dt)

Now, we substitute the given values x = 5, y = 4, and dx/dt = 3 into the equation:

3(4)²(dy/dt) = 4(5)(3)

Simplifying this expression, we have:

48(dy/dt) = 60

Dividing both sides by 48, we find:

dy/dt = 60/48 = 1.25

Therefore, dy/dt is approximately equal to 1.25. Rounded to two decimal places, the value is 0.51.

To learn more about differentiation click here:

brainly.com/question/13958985

#SPJ11

(1 point) suppose that the trace of a 2×2 matrix a is tr(a)=12 and the determinant is det(a)=32. find the eigenvalues of a. the eigenvalues of a are . (enter your answers as a comma separated list.)

Answers

If the trace of a 2×2 matrix a is tr(a)=12 and the determinant is det(a)=32, the eigenvalues of matrix a are 4 and 8.

To find the eigenvalues of a 2×2 matrix, we can use the following formula:

λ² - tr(a) * λ + det(a) = 0,

where λ represents the eigenvalues, tr(a) is the trace of the matrix, and det(a) is the determinant.

In this case, we are given that tr(a) = 12 and det(a) = 32. Substituting these values into the formula, we have:

λ^2 - 12λ + 32 = 0.

To solve this quadratic equation, we can factorize it or use the quadratic formula. Factoring the equation, we get:

(λ - 4)(λ - 8) = 0.

Setting each factor equal to zero, we find two solutions:

λ - 4 = 0 => λ = 4,

λ - 8 = 0 => λ = 8.

The trace and determinant of a matrix provide valuable information about its eigenvalues. In this case, by substituting the given trace and determinant into the eigenvalue formula, we were able to find the eigenvalues of the 2×2 matrix a.

To learn more about eigenvalues click on,

https://brainly.com/question/12908810

#SPJ4

The latter is leaning against the building so that the distance from the ground to the top of the ladder is 9 feet less than the length of the ladder finally put the ladder in the distance from the bottom of the ladder to the building 15 feet

Answers

Complete question :

The latter is leaning against the building so that the distance from the ground to the top of the ladder is 9 feet less than the length of the ladder finally put the ladder in the distance from the bottom of the ladder to the building 15 feet. Find length of the ladder.

Answer:

17

Step-by-step explanation:

From Pythagoras :

Hypotenus = sqrt(opposite² + adjacent²)

From the diagram

l = sqrt((l-9)² + 15²)

l² = (l² - 18x + 81 + 225)

Square both sides

l² = l² - 18x + 306

l² - l² = 306 - 18x

18l = 306

l = 306/18

l = 17

In a survey, music club members select their preference between Song A or Song B. Song A is selected by 30 teens and 10 adults. Of 20 members who select Song B, five are teens.
Make a two-way frequency table to organize the data.

Is it reasonable to say that more people surveyed prefer Song A? Explain.

Is it reasonable to say that more adults than teens participated in the survey? Explain.

Answers

Answer: 40 people like song A whereas 20 people like song B. Thus, it is reasonable to say that more people liked Song A .

Step-by-step explanation:

What is equity? What does it mean to have positive equity? What does it mean to have negative equity?

Answers

Equity, typically referred to as shareholders' equity (or owners' equity for privately held companies), represents the amount of money that would be returned to a company’s shareholders if all of the assets were liquidated and all of the company's debt was paid off in the case of liquidation. In the case of acquisition, it is the value of company sale minus any liabilities owed by the company not transferred with the sale.


Positive equity relates to assets you own that are financed by loans. The term positive equity is most commonly used with real estate investments, but there are other asset types where positive or negative equity is a consideration. As part of your financial situation, positive equity is a component of your overall net worth.



The concept of negative equity arises when the value of an asset (which was financed using debt) falls below the amount of the loan/mortgage that is owed to the bank in exchange for the asset. It normally occurs when the value of the asset depreciates rapidly over the period of use, resulting in negative equity for the borrower.

If x=(y+2)^2 and y= -7 then what is x

Answers

Answer:

X=25

Step-by-step explanation:

y+2=-7+2=5

[tex]5^{2} =25[/tex]

The answer should be x=25

A marketing class of 50 students evaluated the instructor using the following scale superior, good, average, poor or inferior. The descriptive summary showed the following survey results: 2% superior, 8% good, 45% average, 45% poor, and 0% inferior Multiple Choice The instructor's performance was great! The instructor's performance was inferior Most students rated the instructor as poor or average What type of variable is "pounds of popcorn" served at a movie theater? Multiple Choice Ratio Discrete Continuous

Answers

The variable "pounds of popcorn" served at a movie theater is a continuous variable that can take any value within a certain range. It is not restricted to specific discrete values or categories.

A continuous variable is one that can take any value within a certain range. In the case of "pounds of popcorn" served at a movie theater, it can have fractional values and can vary continuously from very small amounts to large amounts.

It is not restricted to specific discrete values or categories. In contrast, discrete variables can only take on specific values, while ratio variables have a meaningful zero point and allow for comparisons of ratios. Since the amount of popcorn served can be measured with any level of precision, it falls under the category of a continuous variable.

To learn more about discrete values click here:

brainly.com/question/5275645

#SPJ11

Find the volume of the square pyramid. The work has been started for you.


V = 1

3

Bh


B = 6.5(6.5) = 42.25 m2

Answers

Complete question

A square pyramid. The square base has side lengths of 6.5 meters and the height of 6 meters.

What is the volume of the pyramid?

Answer:

84.5m³

Step-by-step explanation:

The volume of a square. Pyramid is given as :

V = 1/3 * base * height

Base = l² ; l = side length

Base = 6.5² = 42.25 m²

V = 1/3 * 42.25 * 6

V = 42.25 * 2

V = 84.5

The volume of square pyramid = 84.5m³

PLEASE HELP!!!! WILL MARK BRAINLIEST IF CORRECT!!!!!!

The picture shows the question, tables, and multiple-choice answers.

Love you, tysm, happy tuesday <3

Answers

-2 would be your answer

What is the equation of the axis of symmetry?

Answers

For a quadratic function in standard form, y=ax2+bx+c , the axis of symmetry is a vertical line x=−b2a .

What does it mean if two equations have no solution ?

Answers

Answer:

this means there is no answer to the problem

Step-by-step explanation:

There are 96 children in a room.
40 of them are girls.
Find the fraction of the children that are boys.
Write your answer in its simplest form.
I will need it by this midnight

Answers

Answer:

7/12

Step-by-step explanation:

Basically to find the boys fraction I subtracted 40 from 96 and got 56. Your answer for the number of boys would be 56/96. I divided 4 from each and got 14/24. lastly I divide by 2 and got 7/12.

OMG PLS HELP WITH THIS IM PANICKING OMG I GOT A F IN MATH MY MOM JUST YELLED AT ME IM CRYING PLS HELP WITH THS-

Answers

Answer:

4. 50,000 square miles

5. The office would round to $800,000 instead of $700,000 because they would lose that needed $35,495. If they rounded down, their budget would be cut short, and they won’t have enough money for the office.

6. Five numbers that could also be the population: 577,777; 575,555; 578,999: 578,787; 581,545.

7. 600,000

8.584,000

9. 260,000

Step-by-step explanation:

4. In this question, we’re rounding the number, “54,555” go the nearest ten thousand. When rounding numbers you look at the number next to the digit your rounding. In this case, since the second number is not 5 or higher, we round it to 50,000 as that’s closer than 60,000.

5. Like I stated above: if they round to the lowest amount, they won’t have enough money to but what they need. Therefore, even if according to rounding it needs to be lower, it will not be beneficial to the company.

6. This are all possible numbers cause they can all by round to 580,000 AND 600,000

7. Since the number next to six is not five or higher, we round it to the closest number which is 600,000.

8. Since the number next to 3 is 5, we round it to the higher number. So it’s 584,000

9. Since the number next to the underlined nunber is 6, we round it to the closest number which is 260,000

If you have any more questions, you can ask me :)

A random sample {X_1, X_2} of size 2 is drawn from a population with mean µ and variance δ^2. (So X_1 & X_2 are i.i.d.) Let we have two unbiased estimator of the population mean µ

V_1 =1/2(X_1+X_2) and V2 =1/2(X_1+2X_2)

Which estimator would you use?

Answers

The estimator V₁ = 1/2(X₁ + X₂) is preferred over V₂ = 1/2(X₁ + 2X₂) because it is unbiased and has a smaller variance.

What is the correct estimator to use?

To determine which estimator to use, consider the properties of unbiased estimators and compare the variances of V₁ and V₂.

Unbiasedness:

For V₁:

E(V₁) = E(1/2(X₁ + X₂)) = 1/2(E(X₁) + E(X₂)) = 1/2(µ + µ) = µ

For V₂:

E(V₂) = E(1/2(X₁ + 2X₂)) = 1/2(E(X₁) + 2E(X₂)) = 1/2(µ + 2µ) = 3/2µ

From the calculations, we can see that V₁ is an unbiased estimator of the population mean µ, while V₂ is biased since E(V₂) ≠ µ

Therefore, V₁ is preferred in terms of unbiasedness.

Variance:

Var(V₁) = Var(1/2(X₁ + X₂)) = 1/4(Var(X₁) + Var(X₂) + 2Cov(X₁, X₂))

Var(V₁) = 1/4(δ² + δ² + 2*0) = 1/2δ²

Var(V₂) = Var(1/2(X₁ + 2X₂)) = 1/4(Var(X₁) + 4Var(X₂) + 2Cov(X₁, 2X₂))

Var(V₂) = 1/4(δ² + 4δ² + 2*0) = 5/4δ²

Comparing the variances, we can see that Var(V₁) = 1/2δ², while Var(V₂) = 5/4δ².

Since Var(V₁) is smaller than Var(V₂), V₁ is preferred in terms of variance as well.

Learn more about estimators at: https://brainly.com/question/27993465

#SPJ4

Michelle wants to buy a new phone. There are several stores that sell the phone she wants, and each store offers
a different discount. The information on each store's discount offer for the phone Michelle wants to buy is
summarized in the table.
Price
Discount
Store
Big Town Electronics
$120
10% off
Central Phones
$120
$10 off
Main Street Mobile
$160
30% off
Phone Forum
$125
$16 off
Wireless Inc.
$110
No discount
At which store would Michelle's total cost be the least after the discount?
А
Big Town Electronics
B
Wireless Inc.
с
Main Street Mobile
D
Phone Forum

Answers

Step-by-step explanation:

hey, hope it helps.. :))

Find the area of the given triangles.

Answers

154 yd ²

the formula is (b • h) / 2 = A

so plug it in (14 • 22) / 2 = 154

Will help you with something if u help me plsss
Steph Curry went crazy buying houses and carsafter the Warriors won the first round of the playoffs. Now he doesn’t have enough money to make his mortgage payment. Alyssa and Step are good friends, so Alyssa decided to lend Steph $7,500. Alyssa is going to charge Step 8% interest, which will compound monthly. How much will Steph owe Alyssa if he pays her back in 2 years?

Answers

Answer:

21900

Step-by-step explanation:

Find 8% of 7500 (600) and multiply it by 24 (amount of months) then add that to 7500

Can some help me with this please and ty.

Answers

Answer:

4 centimetres per hour.

Step-by-step explanation:

help quick which ones greater 7.133 is _______ 7.1437

Answers

Answer:

7.1437 is greater

Step-by-step explanation:

Answer:

7.133 < 7.1437

Step-by-step explanation:

Line up the numbers till you find one that is greater

How many different 3-digit odd number can be formed with the digit 0,1,2 up to 9 if the repitition of digits is not allowed

Answers

Answer:

The answer is "320".

Step-by-step explanation:

They have to be 1, 3, 5, 7, and 9 as your final digit. Your middle digit may be anything other than the first digit, and only the last digit or 0, is anything.

Now let us take a look at strange digits ending in 1.

This can start from any digit other than 0, so there are 8 options during the first digit.

Its middle digit could only be 1 digit and 1 digit. Even so, it can also be 0, since it has 8 options.

So, [tex]8\times 8 = 64[/tex] strange number ending in 1.

For other strange amounts, the very same logic is working.

And thus there are 64 possible odd numbers for just about any number ending in any of the five odd digits: 1, 3, 5, 7, or 9.

The answer is [tex]5 \times 64 = 320[/tex].

Other Questions
Which statement related to calcium in skeletal muscles is true? a. In a muscle fiber at rest, calcium is higher in the cytoplasm than in the sarcoplasmic reticulum. b. The DHP receptor is found in the sarcoplasmic reticulum membrane. c. Calcium triggers the interaction of actin and myosin and the sliding of filaments. d. DHP and ryanodine receptors are not physically connected. e. The DHP receptor is a calcium channel. The regression specified for private investment is I = a + a Y + a3 CRD+u. The results from estimating the regression are presented below. The sample covers the annual series spanning from 1991-2020 (n=30). 1, = 2.4+0.75 Y, +0.45 CRD, (1.02) (0.26) (0.12) R=0.67 D-W-d=0.75 where I, Y and represent real private investment, real GDP and real credits respectively. a) Suppose you would like to perform the test for the first order autocorrelation using the LM type test technique. Define the auxiliary regression. Also suppose you found R-squared from the auxiliary regression to be 0.382, perform the LM test for the first order autocorrelation and interpret the result. (20 point) b) Suppose you found there is first order autocorrelation problem in the errors. Show technically how you can overcome the problem by Cochrane-Orchutt (GLS) procedure. Discuss each step of the technique clearly Sem A company has an overhead application rate of 123% of direct labor costs. How much overhead would be allocated to r costing $16,000? Multiple Choice C O $13,008. $16,000. $19,680. $196,800. $9,840 Susan and Stan Britton are a married couple who file a joint income tax return, where the tax rates are based on the tax table 3.5. Assume that their taxable income this year was $243,000. Do not roun A large corporation would like to borrow a large amount of money for its new expansion project. Instead of asking for a bank loan, it decided to borrow in the open market by selling a large number of corporate bonds. The price received from selling each bond becomes a "mini loan" that will then need to be repaid over a number of years. And so the corporation has just issued 8 percent coupon bonds with $1,000 face value. These bonds will mature in 14 years, and until then they will be making semiannual payments to their holders. The yield to maturity on these bonds is 4 percent Given these bond characteristics, how much should each of these bonds be selling for in today's market? Increase decimal places for any intermediate calculations, from the default 2 to 6 or higher. Only round your final answer to TWO decimal places: for example, 1,000.23. Do NOT use "$" in your answer. questionwhat term applies to a situation in which an individual who is not a minority is discriminated against because of advantages given to minority group members?responsesgender discriminationgender discriminationsegregationsegregationsexismsexismreverse discrimination the position of a 40 g oscillating mass is given by x(t)=(2.0cm)cos(10t) , where t is in seconds. determine the velocity at t=0.40s . T/F. caring for a bariatric patient is more time-consuming than caring for most other medical or surgical patients. It was a hot day, she wanted to go to the pool.How is day, she correctly written?day Which symbols does excel use to indicate that a cell is not wide enough to display a formula or function result? Avina is a self-employed artist who doesn't have the benefit of a corporate retirement system. What is an advantage of Avina establishing her own qualified retirement plan rather than just contributing to an IRA? Given the function f defined as: f: R-{2} R X+4 f(x) = 2x-4 Select the correct statement: 1.f is a function 2.f is one to one 3. None of the given properties 4. f is onto 05. f is a bijection A firm has taxes of $2,000, interest expense of $1,000, EBIT of $7.500, common stock dividends of $1,500, and preferred dividends of $1,.200. What is the profit margin if sales are $22,000? Click the answer you think is right. a. 20.45 percent b. 13.64 percent c. 15.00 percent d. 8.18 percent Give 1 example of durable good and 1 example of nondurable good. If you have an Income of $80 to spend, If commodity 1 costs $5 per unit, and if commodity 2 costs $20 per unit, then the equation for your budget line can be written O 25(x1+x2)=80. Ox1+4x2-16. O 5x1+ rank the following dienes in order of increasing stability: trans-1,3-pentadiene, cis-1,3-pentadiene, 1,4-pentadiene, and 1,2-pentadiene. Young's modulus for bone is about Y = 1.6 1010 N/m2. The tibia (shin bone) of a man is 0.2 m long and has an average cross sectional area of 0.02 m2. What is the effective spring constant of the tibia in N/m? Describe an action that members of the public who disagree with the holding in Gonzales could take tolimit its impact? In a video game, the player can choose their character. The choices are from 8 animals and 4 humans. Players can also let the game randomly choose their character. If a player does the random selection, what is the probability that a human character will be chosen? Enter your answer as a fraction in simplest form in the box. 1.Suppose that G is a weighted graph and S is a subgraph of G. What is the total weight of S? 2. Determine whether the following is true or false: If G is a weighted Hamiltonian graph, then the Nearest Neighbour algorithm is guar- anteed to find a shortest Hamilton circuit in G. 3. Describe the input and the output of Kruskal's Algorithm?