Algebra and Trigonometry: Structure and Method, Book 2
Algebra and Trigonometry: Structure and Method, Book 2
2000th Edition
ISBN: 9780395977255
Author: MCDOUGAL LITTEL
Publisher: McDougal Littell
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Chapter 10.7, Problem 21P

a.

To determine

To solve.

a.

Expert Solution
Check Mark

Answer to Problem 21P

  $1,065,552

Explanation of Solution

Given information:

One million dollars is invested at 6.4% interest compounded quaterly,

We shall use the formula for compound interest.

  A=P(1+rn)nt

Where A is the amount and P is principal and ris rate compounded n times.

Worth after 1 year is,

  A=1000000(1+0.0644)4=$1,065,552

b.

To determine

To solve.

b.

Expert Solution
Check Mark

Answer to Problem 21P

  $1,066,086

Explanation of Solution

Given information:

One million dollars is invested at 6.4% interest compounded daily.

We shall use the formula for compound interest.

Where A is the amount and P is principal and ris rate compounded n times.

Worth after 1 year is,

  A=1000000(1+0.064365)365=$1,066,086

c.

To determine

To solve.

c.

Expert Solution
Check Mark

Answer to Problem 21P

  $1,066,092

Explanation of Solution

Given information:

One million dollars is invested at 6.4% interest compounded hourly.

We shall use the formula for compound interest.

  A=P(1+rn)nt

Where A is the amount and P is principal and ris rate compounded n times.

Worth after 1 year is,

  A=1000000(1+0.0648760)8760=$1,066,092

d.

To determine

To determine the values we got above are close or not and why.

d.

Expert Solution
Check Mark

Explanation of Solution

The values are very close as compared to the amount invested.

When the same amount is invested on same interest but compounded differently than there is no major difference in the interest. However as the rate increases, the amount will increase for same interest but compounded differently.

Here rate is 6.4% hence there is no major difference in the final amount.

Chapter 10 Solutions

Algebra and Trigonometry: Structure and Method, Book 2

Ch. 10.1 - Prob. 11OECh. 10.1 - Prob. 12OECh. 10.1 - Prob. 13OECh. 10.1 - Prob. 14OECh. 10.1 - Prob. 15OECh. 10.1 - Prob. 16OECh. 10.1 - Prob. 17OECh. 10.1 - Prob. 18OECh. 10.1 - Prob. 19OECh. 10.1 - Prob. 20OECh. 10.1 - Prob. 21OECh. 10.1 - Prob. 22OECh. 10.1 - Prob. 23OECh. 10.1 - Prob. 24OECh. 10.1 - Prob. 25OECh. 10.1 - Prob. 26OECh. 10.1 - Prob. 27OECh. 10.1 - Prob. 28OECh. 10.1 - Prob. 29OECh. 10.1 - Prob. 30OECh. 10.1 - Prob. 31OECh. 10.1 - Prob. 1WECh. 10.1 - Prob. 2WECh. 10.1 - Prob. 3WECh. 10.1 - Prob. 4WECh. 10.1 - Prob. 5WECh. 10.1 - Prob. 6WECh. 10.1 - Prob. 7WECh. 10.1 - Prob. 8WECh. 10.1 - Prob. 9WECh. 10.1 - Prob. 10WECh. 10.1 - Prob. 11WECh. 10.1 - Prob. 12WECh. 10.1 - Prob. 13WECh. 10.1 - Prob. 14WECh. 10.1 - Prob. 15WECh. 10.1 - Prob. 16WECh. 10.1 - Prob. 17WECh. 10.1 - Prob. 18WECh. 10.1 - Prob. 19WECh. 10.1 - Prob. 20WECh. 10.1 - Prob. 21WECh. 10.1 - Prob. 22WECh. 10.1 - Prob. 23WECh. 10.1 - Prob. 24WECh. 10.1 - Prob. 25WECh. 10.1 - Prob. 26WECh. 10.1 - Prob. 27WECh. 10.1 - Prob. 28WECh. 10.1 - Prob. 29WECh. 10.1 - Prob. 30WECh. 10.1 - Prob. 31WECh. 10.1 - Prob. 32WECh. 10.1 - Prob. 33WECh. 10.1 - Prob. 34WECh. 10.1 - Prob. 35WECh. 10.1 - Prob. 36WECh. 10.1 - Prob. 37WECh. 10.1 - Prob. 38WECh. 10.1 - Prob. 39WECh. 10.1 - Prob. 40WECh. 10.1 - Prob. 41WECh. 10.1 - Prob. 42WECh. 10.1 - Prob. 43WECh. 10.1 - Prob. 44WECh. 10.1 - Prob. 45WECh. 10.1 - Prob. 46WECh. 10.1 - Prob. 47WECh. 10.1 - Prob. 48WECh. 10.1 - Prob. 49WECh. 10.1 - Prob. 50WECh. 10.1 - Prob. 1MRECh. 10.1 - Prob. 2MRECh. 10.1 - Prob. 3MRECh. 10.1 - Prob. 4MRECh. 10.1 - Prob. 5MRECh. 10.1 - Prob. 6MRECh. 10.2 - Prob. 1OECh. 10.2 - Prob. 2OECh. 10.2 - Prob. 3OECh. 10.2 - Prob. 4OECh. 10.2 - Prob. 5OECh. 10.2 - Prob. 6OECh. 10.2 - Prob. 7OECh. 10.2 - Prob. 8OECh. 10.2 - Prob. 9OECh. 10.2 - Prob. 10OECh. 10.2 - Prob. 11OECh. 10.2 - Prob. 12OECh. 10.2 - Prob. 1WECh. 10.2 - Prob. 2WECh. 10.2 - Prob. 3WECh. 10.2 - Prob. 4WECh. 10.2 - Prob. 5WECh. 10.2 - Prob. 6WECh. 10.2 - Prob. 7WECh. 10.2 - Prob. 8WECh. 10.2 - Prob. 9WECh. 10.2 - Prob. 10WECh. 10.2 - Prob. 11WECh. 10.2 - Prob. 12WECh. 10.2 - Prob. 13WECh. 10.2 - Prob. 14WECh. 10.2 - Prob. 15WECh. 10.2 - Prob. 16WECh. 10.2 - Prob. 17WECh. 10.2 - Prob. 18WECh. 10.2 - Prob. 19WECh. 10.2 - Prob. 20WECh. 10.2 - Prob. 21WECh. 10.2 - Prob. 22WECh. 10.2 - Prob. 23WECh. 10.2 - Prob. 24WECh. 10.2 - Prob. 25WECh. 10.2 - Prob. 26WECh. 10.2 - Prob. 27WECh. 10.2 - Prob. 28WECh. 10.2 - Prob. 29WECh. 10.2 - Prob. 30WECh. 10.2 - Prob. 31WECh. 10.2 - Prob. 32WECh. 10.2 - Prob. 33WECh. 10.2 - Prob. 34WECh. 10.2 - Prob. 35WECh. 10.2 - Prob. 36WECh. 10.2 - Prob. 37WECh. 10.2 - Prob. 38WECh. 10.2 - Prob. 39WECh. 10.3 - Prob. 1OECh. 10.3 - Prob. 2OECh. 10.3 - Prob. 3OECh. 10.3 - Prob. 4OECh. 10.3 - Prob. 5OECh. 10.3 - Prob. 6OECh. 10.3 - Prob. 7OECh. 10.3 - Prob. 1WECh. 10.3 - Prob. 2WECh. 10.3 - Prob. 3WECh. 10.3 - Prob. 4WECh. 10.3 - Prob. 5WECh. 10.3 - Prob. 6WECh. 10.3 - Prob. 7WECh. 10.3 - Prob. 8WECh. 10.3 - Prob. 9WECh. 10.3 - Prob. 10WECh. 10.3 - Prob. 11WECh. 10.3 - Prob. 12WECh. 10.3 - Prob. 13WECh. 10.3 - Prob. 14WECh. 10.3 - Prob. 15WECh. 10.3 - Prob. 16WECh. 10.3 - Prob. 17WECh. 10.3 - Prob. 18WECh. 10.3 - Prob. 19WECh. 10.3 - Prob. 20WECh. 10.3 - Prob. 21WECh. 10.3 - Prob. 22WECh. 10.3 - Prob. 23WECh. 10.3 - Prob. 24WECh. 10.3 - Prob. 25WECh. 10.3 - Prob. 26WECh. 10.3 - Prob. 1MRECh. 10.3 - Prob. 2MRECh. 10.3 - Prob. 3MRECh. 10.3 - Prob. 4MRECh. 10.3 - Prob. 5MRECh. 10.3 - Prob. 6MRECh. 10.3 - Prob. 7MRECh. 10.3 - Prob. 8MRECh. 10.3 - Prob. 9MRECh. 10.3 - Prob. 10MRECh. 10.3 - Prob. 11MRECh. 10.3 - Prob. 12MRECh. 10.3 - Prob. 1STCh. 10.3 - Prob. 2STCh. 10.3 - Prob. 3STCh. 10.3 - Prob. 4STCh. 10.3 - Prob. 5STCh. 10.3 - Prob. 6STCh. 10.3 - Prob. 7STCh. 10.4 - Prob. 1OECh. 10.4 - Prob. 2OECh. 10.4 - Prob. 3OECh. 10.4 - Prob. 4OECh. 10.4 - Prob. 5OECh. 10.4 - Prob. 6OECh. 10.4 - Prob. 7OECh. 10.4 - Prob. 8OECh. 10.4 - Prob. 9OECh. 10.4 - Prob. 10OECh. 10.4 - Prob. 11OECh. 10.4 - Prob. 12OECh. 10.4 - Prob. 13OECh. 10.4 - Prob. 14OECh. 10.4 - Prob. 15OECh. 10.4 - Prob. 16OECh. 10.4 - Prob. 17OECh. 10.4 - Prob. 18OECh. 10.4 - Prob. 19OECh. 10.4 - Prob. 20OECh. 10.4 - Prob. 1WECh. 10.4 - Prob. 2WECh. 10.4 - Prob. 3WECh. 10.4 - Prob. 4WECh. 10.4 - Prob. 5WECh. 10.4 - Prob. 6WECh. 10.4 - Prob. 7WECh. 10.4 - Prob. 8WECh. 10.4 - Prob. 9WECh. 10.4 - Prob. 10WECh. 10.4 - Prob. 11WECh. 10.4 - Prob. 12WECh. 10.4 - Prob. 13WECh. 10.4 - Prob. 14WECh. 10.4 - Prob. 15WECh. 10.4 - Prob. 16WECh. 10.4 - Prob. 17WECh. 10.4 - Prob. 18WECh. 10.4 - Prob. 19WECh. 10.4 - Prob. 20WECh. 10.4 - Prob. 21WECh. 10.4 - Prob. 22WECh. 10.4 - Prob. 23WECh. 10.4 - Prob. 24WECh. 10.4 - Prob. 25WECh. 10.4 - Prob. 26WECh. 10.4 - Prob. 27WECh. 10.4 - Prob. 28WECh. 10.4 - Prob. 29WECh. 10.4 - Prob. 30WECh. 10.4 - Prob. 31WECh. 10.4 - Prob. 32WECh. 10.4 - Prob. 33WECh. 10.4 - Prob. 34WECh. 10.4 - Prob. 35WECh. 10.4 - Prob. 36WECh. 10.4 - Prob. 37WECh. 10.4 - Prob. 38WECh. 10.4 - Prob. 39WECh. 10.4 - Prob. 40WECh. 10.4 - Prob. 41WECh. 10.4 - Prob. 42WECh. 10.4 - Prob. 43WECh. 10.5 - Prob. 1OECh. 10.5 - Prob. 2OECh. 10.5 - Prob. 3OECh. 10.5 - Prob. 4OECh. 10.5 - Prob. 5OECh. 10.5 - Prob. 6OECh. 10.5 - Prob. 7OECh. 10.5 - Prob. 8OECh. 10.5 - Prob. 9OECh. 10.5 - Prob. 10OECh. 10.5 - Prob. 11OECh. 10.5 - Prob. 12OECh. 10.5 - Prob. 13OECh. 10.5 - Prob. 14OECh. 10.5 - Prob. 15OECh. 10.5 - Prob. 16OECh. 10.5 - Prob. 17OECh. 10.5 - Prob. 18OECh. 10.5 - Prob. 19OECh. 10.5 - Prob. 20OECh. 10.5 - Prob. 21OECh. 10.5 - Prob. 22OECh. 10.5 - Prob. 23OECh. 10.5 - Prob. 24OECh. 10.5 - Prob. 1WECh. 10.5 - Prob. 2WECh. 10.5 - Prob. 3WECh. 10.5 - Prob. 4WECh. 10.5 - Prob. 5WECh. 10.5 - Prob. 6WECh. 10.5 - Prob. 7WECh. 10.5 - Prob. 8WECh. 10.5 - Prob. 9WECh. 10.5 - Prob. 10WECh. 10.5 - Prob. 11WECh. 10.5 - Prob. 12WECh. 10.5 - Prob. 13WECh. 10.5 - Prob. 14WECh. 10.5 - Prob. 15WECh. 10.5 - Prob. 16WECh. 10.5 - Prob. 17WECh. 10.5 - Prob. 18WECh. 10.5 - Prob. 19WECh. 10.5 - Prob. 20WECh. 10.5 - Prob. 21WECh. 10.5 - Prob. 22WECh. 10.5 - Prob. 23WECh. 10.5 - Prob. 24WECh. 10.5 - Prob. 25WECh. 10.5 - Prob. 26WECh. 10.5 - Prob. 27WECh. 10.5 - Prob. 28WECh. 10.5 - Prob. 29WECh. 10.5 - Prob. 30WECh. 10.5 - Prob. 31WECh. 10.5 - Prob. 32WECh. 10.5 - Prob. 33WECh. 10.5 - Prob. 34WECh. 10.5 - Prob. 35WECh. 10.5 - Prob. 36WECh. 10.5 - Prob. 37WECh. 10.5 - Prob. 38WECh. 10.5 - Prob. 39WECh. 10.5 - Prob. 40WECh. 10.5 - Prob. 41WECh. 10.5 - Prob. 42WECh. 10.5 - Prob. 43WECh. 10.5 - Prob. 44WECh. 10.5 - Prob. 45WECh. 10.5 - Prob. 46WECh. 10.5 - Prob. 47WECh. 10.5 - Prob. 48WECh. 10.5 - Prob. 49WECh. 10.5 - Prob. 50WECh. 10.5 - Prob. 51WECh. 10.5 - Prob. 1MRECh. 10.5 - Prob. 2MRECh. 10.5 - Prob. 3MRECh. 10.5 - Prob. 4MRECh. 10.5 - Prob. 5MRECh. 10.5 - Prob. 6MRECh. 10.5 - Prob. 7MRECh. 10.5 - Prob. 8MRECh. 10.5 - Prob. 9MRECh. 10.5 - Prob. 10MRECh. 10.5 - Prob. 11MRECh. 10.5 - Prob. 12MRECh. 10.5 - Prob. 13MRECh. 10.5 - Prob. 1STCh. 10.5 - Prob. 2STCh. 10.5 - Prob. 3STCh. 10.5 - Prob. 4STCh. 10.5 - Prob. 5STCh. 10.5 - Prob. 6STCh. 10.5 - Prob. 7STCh. 10.6 - Prob. 1OECh. 10.6 - Prob. 2OECh. 10.6 - Prob. 3OECh. 10.6 - Prob. 4OECh. 10.6 - Prob. 5OECh. 10.6 - Prob. 6OECh. 10.6 - Prob. 7OECh. 10.6 - Prob. 8OECh. 10.6 - Prob. 9OECh. 10.6 - Prob. 10OECh. 10.6 - Prob. 11OECh. 10.6 - Prob. 12OECh. 10.6 - Prob. 13OECh. 10.6 - Prob. 14OECh. 10.6 - Prob. 15OECh. 10.6 - Prob. 16OECh. 10.6 - Prob. 1WECh. 10.6 - Prob. 2WECh. 10.6 - Prob. 3WECh. 10.6 - Prob. 4WECh. 10.6 - Prob. 5WECh. 10.6 - Prob. 6WECh. 10.6 - Prob. 7WECh. 10.6 - Prob. 8WECh. 10.6 - Prob. 9WECh. 10.6 - Prob. 10WECh. 10.6 - Prob. 11WECh. 10.6 - Prob. 12WECh. 10.6 - Prob. 13WECh. 10.6 - Prob. 14WECh. 10.6 - Prob. 15WECh. 10.6 - Prob. 16WECh. 10.6 - Prob. 17WECh. 10.6 - Prob. 18WECh. 10.6 - Prob. 19WECh. 10.6 - Prob. 20WECh. 10.6 - Prob. 21WECh. 10.6 - Prob. 22WECh. 10.6 - Prob. 23WECh. 10.6 - Prob. 24WECh. 10.6 - Prob. 25WECh. 10.6 - Prob. 26WECh. 10.6 - Prob. 27WECh. 10.6 - Prob. 28WECh. 10.6 - Prob. 29WECh. 10.6 - Prob. 30WECh. 10.6 - Prob. 31WECh. 10.6 - Prob. 32WECh. 10.6 - Prob. 33WECh. 10.6 - Prob. 34WECh. 10.6 - Prob. 35WECh. 10.6 - Prob. 36WECh. 10.6 - Prob. 37WECh. 10.6 - Prob. 38WECh. 10.6 - Prob. 39WECh. 10.6 - Prob. 40WECh. 10.6 - Prob. 41WECh. 10.6 - Prob. 42WECh. 10.7 - Prob. 1OECh. 10.7 - Prob. 2OECh. 10.7 - Prob. 3OECh. 10.7 - Prob. 4OECh. 10.7 - Prob. 1PCh. 10.7 - Prob. 2PCh. 10.7 - Prob. 3PCh. 10.7 - Prob. 4PCh. 10.7 - Prob. 5PCh. 10.7 - Prob. 6PCh. 10.7 - Prob. 7PCh. 10.7 - Prob. 8PCh. 10.7 - Prob. 9PCh. 10.7 - Prob. 10PCh. 10.7 - Prob. 11PCh. 10.7 - Prob. 12PCh. 10.7 - Prob. 13PCh. 10.7 - Prob. 14PCh. 10.7 - Prob. 15PCh. 10.7 - Prob. 16PCh. 10.7 - Prob. 17PCh. 10.7 - Prob. 18PCh. 10.7 - Prob. 19PCh. 10.7 - Prob. 20PCh. 10.7 - Prob. 21PCh. 10.7 - Prob. 22PCh. 10.7 - Prob. 1MRECh. 10.7 - Prob. 2MRECh. 10.7 - Prob. 3MRECh. 10.7 - Prob. 4MRECh. 10.7 - Prob. 5MRECh. 10.7 - Prob. 6MRECh. 10.7 - Prob. 7MRECh. 10.7 - Prob. 8MRECh. 10.7 - Prob. 9MRECh. 10.7 - Prob. 10MRECh. 10.7 - Prob. 11MRECh. 10.7 - Prob. 12MRECh. 10.8 - Prob. 1OECh. 10.8 - Prob. 2OECh. 10.8 - Prob. 3OECh. 10.8 - Prob. 4OECh. 10.8 - Prob. 5OECh. 10.8 - Prob. 6OECh. 10.8 - Prob. 7OECh. 10.8 - Prob. 8OECh. 10.8 - Prob. 9OECh. 10.8 - Prob. 10OECh. 10.8 - Prob. 11OECh. 10.8 - Prob. 12OECh. 10.8 - Prob. 13OECh. 10.8 - Prob. 14OECh. 10.8 - Prob. 15OECh. 10.8 - Prob. 16OECh. 10.8 - Prob. 1WECh. 10.8 - Prob. 2WECh. 10.8 - Prob. 3WECh. 10.8 - Prob. 4WECh. 10.8 - Prob. 5WECh. 10.8 - Prob. 6WECh. 10.8 - Prob. 7WECh. 10.8 - Prob. 8WECh. 10.8 - Prob. 9WECh. 10.8 - Prob. 10WECh. 10.8 - Prob. 11WECh. 10.8 - Prob. 12WECh. 10.8 - Prob. 13WECh. 10.8 - Prob. 14WECh. 10.8 - Prob. 15WECh. 10.8 - Prob. 16WECh. 10.8 - Prob. 17WECh. 10.8 - Prob. 18WECh. 10.8 - Prob. 19WECh. 10.8 - Prob. 20WECh. 10.8 - Prob. 21WECh. 10.8 - Prob. 22WECh. 10.8 - Prob. 23WECh. 10.8 - Prob. 24WECh. 10.8 - Prob. 25WECh. 10.8 - Prob. 26WECh. 10.8 - Prob. 27WECh. 10.8 - Prob. 28WECh. 10.8 - Prob. 29WECh. 10.8 - Prob. 30WECh. 10.8 - Prob. 31WECh. 10.8 - Prob. 32WECh. 10.8 - Prob. 33WECh. 10.8 - Prob. 34WECh. 10.8 - Prob. 35WECh. 10.8 - Prob. 36WECh. 10.8 - Prob. 37WECh. 10.8 - Prob. 38WECh. 10.8 - Prob. 39WECh. 10.8 - Prob. 40WECh. 10.8 - Prob. 41WECh. 10.8 - Prob. 42WECh. 10.8 - Prob. 43WECh. 10.8 - Prob. 44WECh. 10.8 - Prob. 45WECh. 10.8 - Prob. 46WECh. 10.8 - Prob. 47WECh. 10.8 - Prob. 48WECh. 10.8 - Prob. 49WECh. 10.8 - Prob. 50WECh. 10.8 - Prob. 51WECh. 10.8 - Prob. 1STCh. 10.8 - Prob. 2STCh. 10.8 - Prob. 3STCh. 10.8 - Prob. 4STCh. 10.8 - Prob. 5STCh. 10.8 - Prob. 1ECh. 10.8 - Prob. 2ECh. 10.8 - Prob. 3ECh. 10 - Prob. 1CRCh. 10 - Prob. 2CRCh. 10 - Prob. 3CRCh. 10 - Prob. 4CRCh. 10 - Prob. 5CRCh. 10 - Prob. 6CRCh. 10 - Prob. 7CRCh. 10 - Prob. 8CRCh. 10 - Prob. 9CRCh. 10 - Prob. 10CRCh. 10 - Prob. 11CRCh. 10 - Prob. 12CRCh. 10 - Prob. 13CRCh. 10 - Prob. 14CRCh. 10 - Prob. 15CRCh. 10 - Prob. 16CRCh. 10 - Prob. 1CTCh. 10 - Prob. 2CTCh. 10 - Prob. 3CTCh. 10 - Prob. 4CTCh. 10 - Prob. 5CTCh. 10 - Prob. 6CTCh. 10 - Prob. 7CTCh. 10 - Prob. 8CTCh. 10 - Prob. 9CTCh. 10 - Prob. 10CTCh. 10 - Prob. 11CTCh. 10 - Prob. 12CTCh. 10 - Prob. 13CTCh. 10 - Prob. 1MPSCh. 10 - Prob. 2MPSCh. 10 - Prob. 3MPSCh. 10 - Prob. 4MPSCh. 10 - Prob. 5MPSCh. 10 - Prob. 6MPSCh. 10 - Prob. 7MPSCh. 10 - Prob. 8MPSCh. 10 - Prob. 9MPSCh. 10 - Prob. 10MPSCh. 10 - Prob. 11MPSCh. 10 - Prob. 12MPSCh. 10 - Prob. 13MPS
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