Kyoko has $ 10 , 000 that she wants to invest. Her bankhas several investment accounts tochoose from, allcompounding daily. Her goal is to have $ 15 , 000 bythe time she finishes graduate school in 6 years. Tothe nearest hundredth of a percent, what should herminimum annual interest rate be in order to reach hergoal? ( Hint: solve the compound interest formula forthe interest rate.)
Kyoko has $ 10 , 000 that she wants to invest. Her bankhas several investment accounts tochoose from, allcompounding daily. Her goal is to have $ 15 , 000 bythe time she finishes graduate school in 6 years. Tothe nearest hundredth of a percent, what should herminimum annual interest rate be in order to reach hergoal? ( Hint: solve the compound interest formula forthe interest rate.)
Kyoko has
$
10
,
000
that she wants to invest. Her bankhas several investment accounts tochoose from, allcompounding daily. Her goal is to have
$
15
,
000
bythe time she finishes graduate school in 6 years. Tothe nearest hundredth of a percent, what should herminimum annual interest rate be in order to reach hergoal? (Hint: solve the compound interest formula forthe interest rate.)
The figure shows the chain drive of a bicycle. How far will
the bicycle move if the pedals are rotated through 180°?
Assume the radius of the bicycle wheel is 13.5 inches.
The bicycle will travel approximately in.
(Round to the nearest tenth.)
mple Get more help
K
1.44 in
4.26 in
Clear all
Chuck anawe
Four Numbers - Expected Value
According to the Michigan Lottery the best odds of winning are when you pick four numbers. If all four numbers come up then you win $72 for each dollar you bet. If three numbers come up then you win $5 for each dollar you bet. If two numbers come up then you win $1 for every dollar you bet (net winnings are zero). Otherwise, you lose the money you bet.
Fill out the following table, assuming a $1 bet. Enter your probabilities as decimals, entering all the digits you see on your calculator.
Outcome
Probability
Net Value
(Don't forget to account for the $1 bet)
Product
(Round to 3 decimals)
4 correct
$
$
3 correct
$
$
2 correct
$
$
0 or 1 correct
$
$
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, trigonometry and related others by exploring similar questions and additional content below.
Compound Interest Formula Explained, Investment, Monthly & Continuously, Word Problems, Algebra; Author: The Organic Chemistry Tutor;https://www.youtube.com/watch?v=P182Abv3fOk;License: Standard YouTube License, CC-BY
Applications of Algebra (Digit, Age, Work, Clock, Mixture and Rate Problems); Author: EngineerProf PH;https://www.youtube.com/watch?v=Y8aJ_wYCS2g;License: Standard YouTube License, CC-BY