Calculus 2012 Student Edition (by Finney/Demana/Waits/Kennedy)

4th Edition

ISBN: 9780133178579

Author: Ross L. Finney

Publisher: PEARSON

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Concept explainers

Unitary Method

The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.

Speed, Time, and Distance

Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 …

Profit and Loss

The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.

Units and Measurements

Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experime…

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Question

Chapter 1.3, Problem 8QR

To determine

To find:The value of investing $1000 for 3 years with interest rate 6.3% compounded annually.

Expert Solution & Answer

Answer to Problem 8QR

The value of investing $1000 for 3 years with interest rate 6.3% compounded annually is $1201.16 .

Explanation of Solution

Given information:The amount $1000 is invested for 3 years with interest rate 6.3% compounded annually.

Calculation:

Use the formula for value.

A=P(1+r100)n

Substitute $1000 for P , 6.3 for r and 3 for n in the formula.

A=1000(1+6.3100)3=1000(1+0.063)3=1000(1.063)3 …… (1)

To find the value of 1000(1.063)3 with the help of calculator press “ON” button and enter the keystrokes as given below:

1000×(1.063^3)

The value of (1.063)3 using a calculator is approximately 1.20115 .

Substitute 1.20115 for (1.063)3 in the equation (1).

A=1000(1.063)3=1000×1.20115=1201.16

Therefore, the value of investing $1000 for 3 years with interest rate 6.3% is $1201.16 .

Chapter 1.3, Problem 7QR

Chapter 1.3, Problem 9QR

Chapter 1 Solutions

Calculus 2012 Student Edition (by Finney/Demana/Waits/Kennedy)

Ch. 1.1 - Prob. 1QR Ch. 1.1 - Prob. 2QR Ch. 1.1 - Prob. 3QR Ch. 1.1 - Prob. 4QR Ch. 1.1 - Prob. 5QR Ch. 1.1 - Prob. 6QR Ch. 1.1 - Prob. 7QR Ch. 1.1 - Prob. 8QR Ch. 1.1 - Prob. 9QR Ch. 1.1 - Prob. 10QR

Ch. 1.1 - Prob. 1E Ch. 1.1 - Prob. 2E Ch. 1.1 - Prob. 3E Ch. 1.1 - Prob. 4E Ch. 1.1 - Prob. 5E Ch. 1.1 - Prob. 6E Ch. 1.1 - Prob. 7E Ch. 1.1 - Prob. 8E Ch. 1.1 - Prob. 9E Ch. 1.1 - Prob. 10E Ch. 1.1 - Prob. 11E Ch. 1.1 - Prob. 12E Ch. 1.1 - Prob. 13E Ch. 1.1 - Prob. 14E Ch. 1.1 - Prob. 15E Ch. 1.1 - Prob. 16E Ch. 1.1 - Prob. 17E Ch. 1.1 - Prob. 18E Ch. 1.1 - Prob. 19E Ch. 1.1 - Prob. 20E Ch. 1.1 - Prob. 21E Ch. 1.1 - Prob. 22E Ch. 1.1 - Prob. 23E Ch. 1.1 - Prob. 24E Ch. 1.1 - Prob. 25E Ch. 1.1 - Prob. 26E Ch. 1.1 - Prob. 27E Ch. 1.1 - Prob. 28E Ch. 1.1 - Prob. 29E Ch. 1.1 - Prob. 30E Ch. 1.1 - Prob. 31E Ch. 1.1 - Prob. 32E Ch. 1.1 - Prob. 33E Ch. 1.1 - Prob. 34E Ch. 1.1 - Prob. 35E Ch. 1.1 - Prob. 36E Ch. 1.1 - Prob. 37E Ch. 1.1 - Prob. 38E Ch. 1.1 - Prob. 39E Ch. 1.1 - Prob. 40E Ch. 1.1 - Prob. 41E Ch. 1.1 - Prob. 42E Ch. 1.1 - Prob. 43E Ch. 1.1 - Prob. 44E Ch. 1.1 - Prob. 45E Ch. 1.1 - Prob. 46E Ch. 1.1 - Prob. 47E Ch. 1.1 - Prob. 48E Ch. 1.1 - Prob. 49E Ch. 1.1 - Prob. 50E Ch. 1.1 - 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The value of investing $ 1000 for 3 years with interest rate 6.3 % compounded annually.

Concept explainers

Videos

To find:The value of investing $1000 for 3 years with interest rate 6.3% compounded annually.

Answer to Problem 8QR

Explanation of Solution

Chapter 1 Solutions

Additional Math Textbook Solutions