A retirement account was opened with a $900 deposit. If the account earns 4.25% interest compounded continuously and has no other deposits or withdrawals, how long will it take the value to double?​

Answers

Answer 1

It will take 16.66years long for the money to double

The formula for calculating the compound amount is expressed as:

A = P(1+r)^t

A is the amount after t years  = 2(900) = $1800P is the amount invested = $900r is the rate in decimal  = 4.25% = 0.0425

Substitute into the formula to have:

1800 = 900(1+0.0425)^t

2 =(1+0.0425)^t

2 = 1.0425^t

ln2 = tln1.0425

t =  ln2/ln1.0425

t = 0.6931/0.0416

t = 16.66years

This shows that it will take 16.66years long for the money to double

Learn more on compound interest here: https://brainly.com/question/18483293


Related Questions

The times for running a 5K for a local charity event are Normally distributed with a mean time of 28 minutes and
standard deviation of 5.4 minutes. Which time represents the 60th percentile?
Find the z-table here.

A. 19.6 minutes
B. 26.6 minutes
C. 29.4 minutes
D. 36.4 minutes

Answers

Answer:

29.4 minutes represents the 60th percentile

Step-by-step explanation:

Given :  The times for running a 5K for a local charity event are Normally distributed, with a mean time of 28 minutes and standard deviation of 5.4 minutes.

To Find : Which time represents the 60th percentile?

 19.6 minutes

26.6 minutes

29.4 minutes

36.4 minutes

Solution:

time represents the 60th percentile

Means  60 % data = 0.6 below this

from z table ,  z score for this =  0.253

z score  = ( Value - Mean ) / SD

=> 0.253  = ( Value - 28 ) /5.4

=> 1.3662  =  Value - 28

=>  Value = 29.3662

=>  Value = 29.4

29.4 minutes represents the 60th percentile

Gigi graphs the parabola (x+1)2=2(y−3).

How does she proceed?

Drag a value, coordinates, equation, or word to the boxes to correctly complete the statements.

Answers

After graphing the parabola [tex](x+1)^2=2(y-3)[/tex], she can fill the boxes as follows:

Gigi identifies that the vertex of the parabola is [tex](-1, 3)[/tex]. The parabola opens up, and the focus is [tex]\frac{1}{2}[/tex] unit away from the vertex. The directrix is [tex]1[/tex] unit from the focus. The focus is the point [tex](-1, \frac{7}{2})[/tex]. The directrix of the equation is [tex]y=\frac{5}{2}[/tex].

Since Gigi's parabola has the x-term squared, then the parabola has the general formula

[tex](x-h)^2=4p(y-k)[/tex]

So,

[tex]x-h=x+1 \implies h=-1[/tex]

[tex]y-k=y-3\implies k=3[/tex]

The vertex is

[tex](h,k)=(-1,3)[/tex]

The focus is

[tex](h,k+p)=(-1,3+\frac{1}{2})\\=(-1,\frac{7}{2})[/tex]

The directrix is

[tex]y=k-p=3-\frac{1}{2}=\frac{5}{2}[/tex]

The other values can be computed as follows;

Direction the parabola opens: Since the value of p is positive, the parabola opens up.

Distance of focus from vertex: The focus and vertex both have the same x position, so the distance will be in terms of the y-coordinates only. The distance from the focus to the vertex is

[tex]\frac{7}{2}-3=\frac{1}{2}\text{ unit}[/tex]

Distance of directrix to focus: The directrix is the line [tex]y=2.5[/tex]. The distance of the directrix to the focus will be

[tex]\frac{7}{2}-\frac{5}{2}=1 \text{ unit}[/tex]

Learn more about conic sections here: https://brainly.com/question/12854078

Answer:

I took the quiz.

Step-by-step explanation:

find the three common multiple of
a)3 and 18
b)9 and 13
c)5 and 17​

Answers

Answer:

I think these are the answers

a) 3

b) 1

c) 1

The LCM of 3 and 18 is 18.

-
1.) -x + 5y = 49
X =
X - 4y = - 39
-
=

Answers

Answer: (1,10)

Step-by-step explanation:

Assuming these are the correctly written equations:

-x + 5y = 49, and

x - 4y = -39

I'll rewrite them:

5y = x + 49

y = (1/5)x + (49/5)

-4y = -x -39

y = (1/4)x + (39/4)

=====

I'll assume the question is to find the point these two lines intersect (?).

See the attached graph.  They intersect at (1,10).

Camelle manages her soccer team. she needs to order 4 practice jerseys for each player. There are y players how many total practice jerseys does she need to order?

write and expression

Answers

Answer:

T= total # of jerseys to order

y= # of players

T= 4*y

Total equals 4 times # of players

T= 4y

35 is 25% of what percent​

Answers

Answer:

140

Step-by-step explanation:

35 ÷25%

35 ÷ 25/100

140

ok I am a little confused here but I think I may know what your asking.

What is 25% of 35? or you could be asking 35 is 25% of what number?

I'll answer both just in case.

What is 25% of 35?: 35 ÷ 4 = 8.75%

35 is 25% of what number?: 35 x 4 = 140

There are 190 people on the beach. 110 are wearing sunglasses, 70 are wearing bathing suits, and 95 are wearing a hat. Everyone is wearing at least one of these items. 30 are wearing both bathing suits and sunglasses. 25 are wearing both bathing suits and a hat. 40 are wearing both sunglasses and a hat. How many people are wearing all three items

Answers

190=110+70+95−(30+25+40)+x190=110+70+95−(30+25+40)+x

Simplifying, we get that x=10x=10.

its 10

What is determinant ?

Answers

Answer:

In mathematics, the determinant is a scalar value that is a function of the entries of a square matrix. It allows characterizing some properties of the matrix and the linear map represented by the matrix.

Answer:

It's a quantity obtained by the addition of products of the elements of a square matrix which is according to a given rule.

What is the common difference for this arithmetic sequence 45,40,35,30,25,

Answers

Answer:

-5

Step-by-step explanation:

Can someone please help me with this?

Answers

Hello,

Ali is right, Khamis is wrong. Why because Khamis forgot to put the negative sign in front of 5b, it should be wrote -5b in the second line and not 5b.

And then Khamis should have divided -5b by -5b.

Good Luck

Ali is correct
Ali is correct

.3 times the value of 8/4 of positive a witch equals the sum of what
a =34.55

Answers

Answer:

I have difficulty understanding the question.  I read it as "What is the value of  a number that when multiplied by 0.3 times (8/4) is equal to 34.55.  This doesn't seem correct, but if it is:

Step-by-step explanation:

(0.3)*(8/4)x = 34.55

(8/4)x = 115.17

x = (4/8)*(115.17)

x = 57.58

21 is the correct answer.

Jack estimates that a piece of wood measures 4.5 cm. If it actually measures 4.72 cm, what is the percent error of Jack’s estimate? (Show all of your work)

Answers

Answer:

ion

Step-by-step explanation:srry

What is the product?

Enter your answer as a fraction, in simplified form, in the box.

3/8*(-36)

Answers

Answer:

-27/2

Step-by-step explanation:

3/8 × -36

(3×-36)/8

-108/8

-27/2

Find the perimeter. Simplify your answer.

Answers

Step-by-step explanation:

perimeter =

2(L+B)

=2× (7z+3 +3z+5)

2×10z +8

=20z+16

Here is an inequality -10+x÷4+5>7x-5÷3

Answers

Answer:

here is the answer x>1/2

What is the degree of angle o?
Show work

Answers

180 - 78 = 102 hope this help
180-78 and you get the degree for angle n and use 180-24-n then you’ll get the degree of angle o

100 points if u get this right ty bye now!

Answers

Answer:

4 mi²

Step-by-step explanation:

Area of Square: Length x Length

=> Area of Square: 2 x 2

=> Area of Square: 4 mi²

Therefore, the area of the square is 4 mi².

Hoped this helped

Answer:

4 mi²

Step-by-step explanation:

Area of Square: Length x Length

=> Area of Square: 2 x 2

=> Area of Square: 4 mi²

Therefore, the area of the square is 4 mi².

If angle 1 is 110° what would the other angle measures have to be in order for m || n and q || p

Answers

Answer:

Angle 1 = 110

Angle 2 = 110

Angle 3 = 70

Angle 4 = 70

Step-by-step explanation:

Angles 1 and 2 are corresponding angles, and therefore congruent

Angles 2 and 3 are same-side interior angles, and therefore supplementary

Angles 3 and 4 are alternate interior angles, and therefore congruent.

Answer:

Angle 2: 110

Angle 3: 70

Angle 4: 70

Old McDonald's 3 hens lay the same number of eggs one week. This gives Old McDonald's wife enough eggs for two recipes. One recipe requires 10 eggs and the other recipe requires 2 eggs. How many eggs did each hen lay?

Answers

I think the answer is 4 because you add the 10 and 2 and you get 12 and then divide that by how many hens there are (3). The answer is 4

Two architects bid for a small government project, both
charging a flat fee added to an hourly rate. Amazing
Designs bids $250 plus $45 per hour, while Super Structures
bids $100 plus $60 per hour. At what point in time will the
two companies charge exactly the same amount?

Answers

Answer:

10 hours

Step-by-step explanation:

let x be the total number of hours

Amazing design total charge = 45x+250

super structures total charge = 60x+100

both companies charge the same amount when both equation equals

45x+250=60x+100

60x-45x=250-100

15x=150

x=10

therefore at 10 hours both companies will charge the same amount

The amount of sales of single scoop ice-cream cones during the summer s(c0 varies directly with the number of customers c. Ten customers bought a total of $44 worth of ice-cream cones. Which equation can be used to find the ice-cream sales for c customers?

Answers

Answer:

s(c)= 4.4c

Step-by-step explanation:

Ty factored 24a + 36c and got an answer of 3(8a + 12c). Did Ty factor correctly?
If not, explain what he did wrong and correct his mistake.

Answers

No he did not factor correctly. He needed to factor completely which would get 12(2a+3c)

What does the degree of the polynomial tell you.

Answers

A degree in a polynomial function is the greatest exponent of that equation, which determines the most number of solutions that a function could have and the most number of times a function will cross the x-axis when graphed.

(a + 2)/(a ^ 2 + a) - 3/(a - 2)​

Answers

Answer:

Step-by-step explanation:

(a + 2)/(a ^ 2 + a) - 3/(a - 2)​

The LCD is (a^2 + a)(a - 2) so we have

[(a + 2) - 3(a^2 + a)] /  (a^2 + a)(a - 2)

= (-3a^2 - 3a + a + 2) / (a^2 + a)(a - 2)

= -3a^2 - 2a + 2 / (a^2 + a)(a - 2)

what would be 8/1 x 1/2

Answers

Answer:

4.

Step-by-step explanation:

8*1 / 1*2

= 8/2

= 4.

[tex]8\times \dfrac 12 = 4[/tex]

train tickets cost $48 for adults and $32 for children there are 27 adults and 55 children on the train how much did the passengers pay to ride the train​

Answers

$3,056
work
adult tickets:48x27=1296
children tickets: 55x32=1760
add the two totals 1296+1760= 3056

Roxana makes bracelets and necklaces and sells them at the farmers’ market. She sells the bracelets for $12 each and the necklaces for $18 each. At the market next weekend she will have room to display no more than 40 pieces, and she needs to sell at least $500 worth in order to earn a profit. (Thank you so much for anyone who answers it

Answers

Answer:

She could out 20 necklaces and 20 bracelets on display and she would make $600.

Step-by-step explanation:

$18 necklaces x 20= $360

$12 bracelets x 20 = $240

totalling $600

Solve the slope for the table.

Answers

Answer:

Slope = -3

Step-by-step explanation:

8-17/0+3=-9/3=-3 : Slope Formula

I just woke up i need help ;-;

Answers

Answer:

i think that the correct answer is 7/12

What is the second step in solving the equation
slm
+7= 5?
Subtract 7 from each side.
Divide each side by 3.
Add 7 to each side.ch
O Multiply each side by 3.

Answers

Answer:

subtract 7 from each side

Step-by-step explanation:

Answer:

Subtract 7 from each side.

Step-by-step explanation:

x+7 = 5x+7-7 = 5-7x = -2
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