Find the time required for an investment of 7,000 dollars to grow to 14,000 dollars at an interest rate of 4% per
year, compounded monthly. Give your answer accurate to 2 decimal places.
Preview
years.

Answers

Answer 1

Answer:

The time required is of 17.53 years.

Step-by-step explanation:

Compound interest:

The compound interest formula is given by:

[tex]A(t) = P(1 + \frac{r}{n})^{nt}[/tex]

Where A(t) is the amount of money after t years, P is the principal(the initial sum of money), r is the interest rate(as a decimal value), n is the number of times that interest is compounded per year and t is the time in years for which the money is invested or borrowed.

Find the time required for an investment of 7,000 dollars to grow to 14,000 dollars at an interest rate of 4% per year, compounded monthly.

This is t for which [tex]A(t) = 14000[/tex], considering [tex]P = 7000, r = 0.04, n = 12[/tex]. So

[tex]A(t) = P(1 + \frac{r}{n})^{nt}[/tex]

[tex]14000 = 7000(1 + \frac{0.04}{12})^{12t}[/tex]

[tex](1.0033)^{12t} = 2[/tex]

[tex]\log{(1.0033)^{12t}} = \log{2}[/tex]

[tex]12t\log{1.0033} = \log{2}[/tex]

[tex]t = \frac{\log{2}}{12\log{1.0033}}[/tex]

[tex]t = 17.53[/tex]

The time required is of 17.53 years.


Related Questions

In a class, three-fifths of 25 students are girls. What is the number of girls in the class?

Answers

Answer:

15

Step-by-step explanation:

3/5*25

Answer:

15 girls

Step-by-step explanation:

(3/5) x 25 = 15

Question 10 (1 point) Find the volume of the figure. 2.5 ft 3 ft 2 ft 6 ft. What is the volume of the figure?​

Answers

Answer:

I don’t know what type of figure you are talking about. But if there is supposed to be a picture attached, we see nothing

Step-by-step explanation:

You could repost this question though, I’ll be glad to help on that other question!

In the figure, ∆ALM ≅ ∆BLM by Side-Angle-Side (SAS). Which angles are congruent by CPCTC?

Answers

Answer:

C. L LAM = L LBM

Step-by-step explanation:

__________

25 points!!!!!!!!

Solve the system of equations.
4x + 3y + 5z = 6
6x + 8y + 62 = 4
4x + 2y + 62 = 8

please select the best answer from me the choices provided
a. (x = 1, y = - 1,2 = 1)
b. (x = 3, y = -3, z = 3)
(x = 0, y = 0, z = 2)
d. (x = 2, y = -2, z = 0)

Answers

Answer:

A is your answer, my guy

Step-by-step explanation:

4x1=4

3x-1=-3

5x1=5

4+(-3)+5=6

6x1=6

8x-1=-8

6x1=6

6+(-8)+6=4

4x1=4

2x-1=-2

6x1=6

4+(-2)+6=8

Can someone please answer this

Answers

Answer: 131m^2

Explanation: I checked with calculator!

Pls do this for me I am getting annoyed with this

Answers

Answer:

x = 1.7

Step-by-step explanation:

Answer: x=1.7

Explanation: I checked with calculator!

Consider the following graph:

What is the limit as it is approaching -1 from the right, what is the limit?

Answers

Answer:

The limit is 0, and the answer is given by option E.

Step-by-step explanation:

Limit to the right:

The limit of a function approacing a value of x to the right is given by the value of the function quite close to the point, looking to the right.

In this question:

Approacing by the right(x quite close, but more than -1, that is, -0.9999...), y tends to 0, so the limit is 0, and the answer is given by option E.

24×63_64
help me sll​

Answers

Answer:

1448

Step-by-step explanation:

24 × 63-64

Multiply 24 and 63 to get 1512.

1512-64

Subtract 64 from 1512 to get 1448.

answer

1448

The answer is 1448.....

1. Find the equation and solve for k: y varies inversely as x and y = 6 when x = 18.​

Answers

An inverse function is y = k/x

replace x and y with the given values:

6 = k/18

Solve for k by multiplying both sides by 18:

k = 108

Problem Solving:-

1. Find the equation and solve for k: y varies inversely as x and y = 6 when x = 18.

Solution:-

[tex]\sf{The \: relation \: y \: varies \: inversely \: as \: x \: translates \: to \: y = \frac{k}{x}.}[/tex]

Substitute the values to find k:

[tex]\sf\rightarrow{y= \frac{k}{x} }[/tex]

[tex]\sf\rightarrow{6= \frac{k}{18} }[/tex]

[tex]\sf\rightarrow{k=(6)(18)}[/tex]

[tex]\sf\rightarrow{K={\color{magenta}{108}}}[/tex]

Answer:-

[tex]\sf{The \: equation \: of \: variations \: is \: y={ \color{red}{ \frac{108}{x} }}}[/tex]

[tex]{\huge{\color{blue}{━━━━━━━━━━━━}}}[/tex]

#CarryOnMath⸙

please help meeeeeeeee
pt 3

Answers

Answer:

1st option

Step-by-step explanation:

Given the zero product

(x - 3)(x + 5) = 0 , then

x - 3 = 0 ; x + 5 = 0

Is the answer to this question 13.5

Answers

Answer:

i think its 13

Step-by-step explanation:

you are supposed to measure the lowest point of the liquid.

Complete parts (a) through (c) below
a. A storage pod has a rectangular floor that measures 22 feet by 13 feet and a flat ceiling that is 7 feet above the floor. Find the area of the floor and the volume of the pod.
Alap pool has a length of 28 yards, a width of 20 yards, and a depth of 3 yards Find the poof's surface area (the water surface) and the total volume of water that the pool holds Raised flower bed is 30 feet long. 5 feet wide, and 1.2 feet deep. Find the area of the bed and the volume of soil it holds
The area of the floor of the pod is (Type an integer or a decimal)
The volume of the pod is (Type an integer or a decimal
b. The pool's surface area is (Type an integer or a decimal)
The total volume of the water that the pool holds (Type an integer or a decimal)
c. The area of the flower bed is (Type an integer or a decimal)
The volume of the soil that the flower bed holds is (Type an integer or a decimal)

Answers

Answer:

Kindly check explanation

Step-by-step explanation:

Given :

Pool dimension :

rectangular floor that measures 22 feet by 13 feet and a flat ceiling that is 7 feet above the floor

Floor area = length * width

Floor area = 22 * 13 = 286 ft²

Volume of the pod :

Floor area * height = 286ft² * 7ft = 2002 ft³

2.)

Surface area = length * width

Surface area = 28 * 20 = 560 ft²

Volume of the pool :

Surface area * deptb = 560ft² * 7ft = 2002 ft³

3.)

Area of flower bed = length * width

Floor area = 30 * 5 = 150 ft²

Volume of the soil flowerbed holds :

Depth = 1.1 m

Area of flowerbed * depth =150ft² * 1.2ft = 180 ft³

Helppppppp

Which choice is equivalent to the product below

Answers

Step-by-step explanation:

jkkkkkkkkkkkkkkkkkkkkk

Answer:

[tex]2 \sqrt{35} [/tex]

I’ve been stuck on this problem I can’t seem to get 7 9/4 into the ABC form

Answers

Answer:

7 square root 9^4

Step-by-step explanation:

Ik desperate please help the question is:

how many times more people will there be in the town after 15 years than after 10 years??? I need help ASAP!??!?!?!?!? 20 points?!?!?!!
pleaseeeee​

Answers

Answer:

good point I don't know that either

On each trial of an experiment, a participant is presented with a constant soft noise, which is interrupted at some unpredictable time by a slightly louder sound. The time it takes for the participant to react to the louder sound is recorded. The following list contains the reaction times (in milliseconds) for trials of this experiment.

170, 206, 218, 232, 238, 248, 254, 264, 268, 281, 281, 281, 316, 320, 320, 329, 336, 365, 399, 400, 438, 438, 452, 524, 724, 806

1. measures of central tendency do not exist for this data set?
a. Mean
b. Median
c. Mode
d. None of these measures

2. Suppose that the measurement 806 (the largest measurement in the data set) were replaced by 1169. Which measures of central tendency would be affected by the change? Choose all that apply.

Answers

Answer:

1.d. None of these measures  (do not exist interpreted as all of these exist)

2.The mean is increased from 346.8 to 361.32

Step-by-step explanation:

After calculations we find that all the measures of central tendency exist for this data. The mean , median and mode can be easily calculated .

The mean is 346.8

The mode is 281

The median is 316

Suppose that the measurement 806 (the largest measurement in the data set) were replaced by 1169.  The mean would be affected by the change.

The mean is 361.32

The mode is 281

The median is 316

The mean is increased from 346.8 to 361.32

Find the Value of x

Answers

Answer:

42

Step-by-step explanation:

(adjacent straight angles sum up to 180)

3x+54=180

x=42

please answer i will mark brainliest :)

Answers

Answer:

c I think that's the right answer

A group of campers is going to occupy 6 campsites at a campground. There are 16 campsites from which to choose. In how many ways can the campsites be​ chosen?

Answers

Answer:

The campsites can be chosen in 5,765,760 different ways.

Step-by-step explanation:

Given that a group of campers is going to occupy 6 campsites at a campground, and there are 16 campsites from which to choose, to determine in how many ways the campsites can be chosen, the following calculation must be performed:

16 x 15 x 14 x 13 x 12 x 11 = X

240 x 182 x 132 = X

240 x 24,024 = X

5,765,760 = X

Therefore, the campsites can be chosen in 5,765,760 different ways.

How many dimensions does a plane have?
O
A. Three
о
B. Zero
O C. Two
D. One

Answers

I think it is b or d

A Plane does not have one dimensions.

What is Plane?

A plane is a doubly ruled surface in two dimensions that is spanned by two linearly independent vectors. A hyperplane is a generalisation of the plane to higher dimensions. The dihedral angle is the angle formed by two intersecting planes.

A plane doesn't only have one dimension, though. The two dimensions of a plane.

A plane is a flat, infinitesimally long two-dimensional surface.

The plane can occasionally be extended into three dimensions.

Consequently, a plane has more than one dimension.

Learn more about Plane here:

https://brainly.com/question/1962726

#SPJ5

Ivan is saving money to buy a game. So far he has saved 8, which is one-fourth of the total cost of the game. How much does the game cost?

Answers

Answer:

[tex]\$32[/tex]

Step-by-step explanation:

Let the cost of the game be [tex]x[/tex]. Since one-fourth of the cost of the game is equal to 8 dollars, we have the following equation:

[tex]\frac{1}{4}x=8[/tex]

Multiply both sides by 4 to isolate and solve for [tex]x[/tex]:

[tex]x=8\cdot 4=\boxed{\$32}[/tex]

2n-3>15, select all values of n would make this inequality true, options are 2, 5, 9, 10, 12

Answers

9514 1404 393

Answer:

  {10, 12}

Step-by-step explanation:

The inequality can be simplified to ...

  2n -3 > 15 . . . . given

  2n > 18 . . . . . . add 3

  n > 9 . . . . . . . . divide by 2

Only two listed numbers are greater than 9:

  10, 12

Part 1: Solve for the slope of the line inside of the scatter plot

Answers

Answer:

The slope is equal to 5.

Step-by-step explanation:

Point 1 (0, 5)

Point 2 (3, 20)

m=y2-y1/x2-x1

m=5-20/0-3

m=-15/-3=

m=5

Which of these four sets of side lengths will form a right triangle? set 1 set 2 set 3 set 4

Answers

Answer:

hey um I cant see the picture

The sum of the first 8 terms of a geometric sequence with 4 as the first term and a common ratio of 3 is ​

Answers

9514 1404 393

Answer:

  13120

Step-by-step explanation:

The sum of terms of a geometric series is ...

  Sn = a1·(r^n -1)/(r -1)

You have n=8, a1=4, r=3, so the sum is ...

  S8 = 4·(3^8 -1)/(3 -1) = 2(3^8 -1) = 13,120

Answer:

13 120

Step-by-step explanation:

hope it helps u too

This question is mildy difficult and i need some help would anyone please help me

Answers

Answer:

30 and 45 degrees

Step-by-step explanation:

PLEASE HELP I WILL GIVE BRAINLIEST AND 25 POINTS!!!
The following function represents the value of a truck, in dollars, after x years:

f(x) = 29,000(0.88)x

What does 0.88 represent?

The decrease in the value of the truck, which is 12%
The present value of the truck
The value of the truck after x years
The decrease in the value of the truck, which is 88%

Answers

9514 1404 393

Answer:

  (a) The decrease in the value of the truck, which is 12%

Step-by-step explanation:

The only reasonable choice among the offered answers is the one shown above.

__

We would describe the value 0.88 as the annual multiplier of the truck's value, which decreases 12% each year.

Find each event probability

Answers

Answer:

Event 4 (0%), Event 2 (45%), Event 3 (80%), Event 1 (100%)

Step-by-step explanation:

A flat rectangular piece of aluminum has a perimeter of 60 inches. The
length is 14 inches longer than the width. Find the width.

Answers

Answer:

8 inches

Step-by-step explanation:

Let w represent the width.

If the length is 14 inches longer than the width, it can be represented by w + 14.

Use the perimeter formula, p = 2l + 2w. Plug in 60 as the perimeter and w + 14 as l, then solve for w:

p = 2l + 2w

60 = 2(w + 14) + 2w

60 = 2w + 28 + 2w

60 = 4w + 28

32 = 4w

8 = w

So, the width is 8 inches

MATH PROBLEM 20 POINTS

Answers

The correct answer is D. x=9

The angles of a square are right angles (90 degrees) so it would be set up as 90=11x-9. Then you would combine like terms and solve.
Other Questions
Subtract to find the temperature changesfor the water and the metal. Which two of the following changes of state involve solids?Select two (2) answersA. meltingB. boilingC. freezingD. evaporating qual a reacao e o pemsmemto do jovem ao descamsar a sambra da arvore Which region represents the solution to the given system of inequalities?{y < -1/2x }[y 2x+3 }ABCD How does the author's choice to begin the story with adescription of Thaljiyeh's birth most impact the story?O by providing a clear picture of the settingO by explaining why Thaljiyeh is a joyful personby establishing Thaljiyeh as a sympatheticcharacterO by introducing the origin of Thaljiyeh's name Jerod is relatively new to Xenon Corporation and wants to make sure that he makes a good impression on his co-workers and supervisor. He agrees with the supervisors opinion most of the time and is always doing nice things for him. Jerod makes sure that he associates with the right people and is constantly complimenting others about their good work.When Jerod agrees with the supervisors opinion most of the time to make a good impression, he is engaging in which of the following impression management techniques?A. apologiesB. excusesC. acclaimingD. conformityE. choose one WILL MARK BRANLIESTWhen describing a rotation, whatinformation must you include? What is the value of the expression 3m-4.2 If m equals 2.1 State the name(s) of the sub-atomic particle(s) that have/has a positive charge. Answer with the name of the particle(s) only. A. NeuronsB. ProtonsC. Electrons Read the excerpt from Fast Food Nation.The labor practices of the fast food industry have their origins in the assembly line systems adopted by American manufacturers in the early twentieth century. Business historian Alfred D. Chandler has argued that a high rate of throughput was the most important aspect of these mass production systems. A factorys throughput is the speed and volume of its flowa much more crucial measurement, according to Chandler, than the number of workers it employs or the value of its machinery.Which of the following choices best describes the evidence used in this excerpt?An experts opinion provides historical background of an important concept.An experts viewpoint presents a counterclaim to the authors argument.Statistical and factual evidence prove the authors claim.Personal experience creates persuasive, emotional appeal. i need to see the steps for simplifying 3(m-5)+m Comment about the articles-a, an, the as used in relation to nouns. i need help asap Please PLS PLS PLS HHELLPP MEEE Please help me!! Perimeter: about ______ ft squared Area: about ________ ft squared HELP I NEED THIS FOR ENGLISH SO WHAT IS THAT LIKE GANG CALLED IN THE OUTSIDERS I THINK IT HAS TIGER IN IT LIKE TIGER STREET GANG OR SOMETHING I NEED TO KNOWWW what rhetorical device were the declarations signers using when they used strong, emotional words to describe the grievances against the king. How fast much an 816kg Volkswagen travel to have the same momentum as (a) a 2650kg Cadillac going 16.0 km/h? (b) a 9080-kg truck also going 16.0 km/hr? Which 3 expressions are equivalent to theexpression : 3x-12-2(x+12) A pair of butterflies reproduces and has one thousand offspring. All one thousand of the offspring have the alleles Aa. What is the most likely combination of alleles (genotype) for each parent? Explain your answer.