How long will it take 500 dollars to double if it is invested at 7% interest compounded semi-annually

Answers

Answer 1

Answer:

11 half years

Step-by-step explanation:

The formula for compound interest is

A = P(1+r/n)^(nt), with r representing the interest rate, n being the number of times interest is applied over the time period, and t being the amount of time periods.

If we make the time period a half year (so interest is compounded once per time period), n=2. Then, our interest rate is 7%, or 0.07 (to convert from percent to decimal, simply divide by 100). Our starting amount is 500, and we want it to double, making it 1000. Our formula is thus

1000 = 500 (1+0.07)^(t)

divide both sides by 500

2 = (1+0.07)^(t)

2 = (1.07)^(t)

Using logarithms, we can say that

[tex]log_{1.07} 2 = t[/tex]

and using a calculator, we get

10.24 = t

Since interest is only compounded once per time period, though, we have to round up to make sure it doubles, so t = 11


Related Questions

Peter is 8 years younger than Alex. In 9 years time, the sum of their ages will be 76 . How old is Alex now?

Answers

Answer:

Peter is a-8 in 9 years, (a-8)+ 9+ a+ 9= 76

Answer:

P = 25

A = 33

Step-by-step explanation:

P + 8 = A

P + 9 + A + 9 = 76

P + A = 58

~~~~~~~~~~~~~~

P = 58 - A

P = 58 - P - 8

2 P = 50

P = 25

A = 33

The life of light bulbs is distributed normally. The standard deviation of the lifetime is 15 hours and the mean lifetime of a bulb is 520 hours. Find the probability of a bulb lasting for at most 528 hours. Round your answer to four decimal places.

Answers

Answer:

0.7031 = 70.31% probability of a bulb lasting for at most 528 hours.

Step-by-step explanation:

Normal Probability Distribution

Problems of normal distributions can be solved using the z-score formula.

In a set with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the z-score of a measure X is given by:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the p-value, we get the probability that the value of the measure is greater than X.

The standard deviation of the lifetime is 15 hours and the mean lifetime of a bulb is 520 hours.

This means that [tex]\sigma = 15, \mu = 520[/tex]

Find the probability of a bulb lasting for at most 528 hours.

This is the p-value of Z when X = 528. So

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]Z = \frac{528 - 520}{15}[/tex]

[tex]Z = 0.533[/tex]

[tex]Z = 0.533[/tex] has a p-value of 0.7031

0.7031 = 70.31% probability of a bulb lasting for at most 528 hours.

A strawberry farmer in Poteet knows that 1/8 of his strawberries are typically not fit to sell at the market (either because they went bad or are too unusually shaped). The farmer takes a random sample of 156 strawberries to inspect for the upcoming farmer's market and finds that 24 are unfit to sell. If he were to go back and pick 1000 more strawberries to inspect for the market, how would the standard deviation of the sample proportion be affected

Answers

Answer:

It would be smaller.

Step-by-step explanation:

Given that :

The number of the strawberries that are unfit for sell, x = 24

The total number of the strawberries to inspect, n = 156

Total number of the strawberries to be picked = 1000 strawberries

Therefore,

[tex]$\widehat p =\frac{x}{n}$[/tex]

  [tex]$=\frac{24}{156}$[/tex]

  = 0.1538

[tex]$\widehat p =\frac{x}{n}$[/tex]

  [tex]$=\frac{24}{1000}$[/tex]

  = 0.024

Therefore, the standard deviation of the sample proportion would be smaller.

. A small home business is set up with an investment of Birr 1,000,000 for equipment. The business manufactures a product at a cost of Birr 60 per unit. If the product sells for Birr 140, how many units must be sold before the business breaks even?

Answers

Answer:

12,500

Step-by-step explanation:

P = R-E

b.e.p : P=0

R=E

140x = 1000000 + 60 x

80x = 1000000

x=12,500

On a coordinate plane, a line goes through points (negative 1, 0), (0, 1), and (1, 2). Which table goes with the graph?

Answers

Answer:

Table B

Step-by-step explanation:

correct on edge :)

Exercise 2.2.3: The cardinality of a power set. (a) What is the cardinality of P({1, 2, 3, 4, 5, 6})

Answers

Answer:

Cardinality of the power set of the given set = [tex]2^6=64[/tex]

Step-by-step explanation:

Power set is the set of all the possible subsets that can be formed from the given set including the null set and the set itself.

Example set:

{1,2,3}

All the possible subsets of this set:

{}; {1}; {2}; {3}; {1,2,3}; {1,2}; {1,3}; {2,3}

The power set of the above set is written as:

P({ {}, {1}, {2}, {3}, {1,2}, {1,3}, {2,3}, {1,2,3} })

Since the no. of elements in the above power set in this example is 8 therefore its cardinality is 8.

Cardinality of the power set of a given set is expressed by a formula: [tex]2^n[/tex]

where n is the cardinality (no. of elements) of the given set whose power set is to be formed for determining cardinality of the power set.

Hence in the given case, we have  n = 6.

can anyone help with this please !!!!

Answers

Answer:

"Add equations A and B to eliminate [tex]y[/tex]. Add equations A and C to eliminate [tex]y[/tex]".

Step-by-step explanation:

Let be the following system of linear equations:

[tex]4\cdot x + 4\cdot y + z = 24[/tex] (1)

[tex]2\cdot x - 4\cdot y +z = 0[/tex] (2)

[tex]5\cdot x - 4\cdot y - 5\cdot z = 12[/tex] (3)

1) We eliminate [tex]y[/tex] by adding (1) and (2):

[tex](4\cdot x + 2\cdot x) +(4\cdot y - 4\cdot y) + (z + z) = 24 + 0[/tex]

[tex]6\cdot x +2\cdot z = 24[/tex] (4)

2) We eliminate [tex]y[/tex] by adding (1) and (3):

[tex](4\cdot x + 5\cdot x) +(4\cdot y - 4\cdot y) +(z -5\cdot z) = (24 + 12)[/tex]

[tex]9\cdot x -4\cdot z = 36[/tex] (5)

Hence, the correct answer is "Add equations A and B to eliminate [tex]y[/tex]. Add equations A and C to eliminate [tex]y[/tex]".

if x+y=12 and xy =27,then find the value of x^2+y^2
PLEASE HELP !​

Answers

Answer:

90

Step-by-step explanation:

=> x + y = 12

=> x² + y² + 2xy = 144

=> x² + y² + 2 * 27 = 144

=> x² + y² = 144 - 54

=> x² + y² = 90

Choose which triangle goes into the right category.

Answers

Answer:

obtuse cant be a right angle

Step-by-step explanation:

in order to be  obtuse you  have to be more than 90 dagrees

The top and bottom ends of a windshield wiper blade are R = 24 in. and r = 14 in., respectively, from the pivot point. While in operation, the wiper sweeps through 135°. Find the area swept by the blade. (Round your answer to the nearest whole number.)

Answers

Answer:

Area swept by the blade = 448[tex]in^{2}[/tex]

Step-by-step explanation:

The arc the wiper wipes is for 135 degrees angle.

So, find area of sector with radius 24 inches. And the find area of arc with r=14 inches.

Then subtract the area of sector with 14 inches  from area of sector with radius as 24 inches.

So, area of sector with r=24 in =[tex]\frac{135}{360} *\pi *24^{2}[/tex]

Simplify it,

                                                  =216[tex]\pi[/tex]

Now, let's find area of sector with radius 14 inches

Area of sector with r=14 in = [tex]\frac{135}{360} *\pi *14^{2}[/tex]

Simplify it

                                          =73.5[tex]\pi[/tex]

So, area swept by the blade = 216[tex]\pi[/tex] -73.5[tex]\pi[/tex]

Simplify it and use pi as 3.14.....

Area of swept =678.584 - 230.907

                               =447.6769

Round to nearest whole number

So, area swept by the blade = 448[tex]in^{2}[/tex]

Deon bought a desk on sale for $105.60. This price is 67% less than the original price. What was the original price?

Answers

Answer:

.33x = 105.60

$371

Step-by-step explanation:

Answer:

63.44

Step-by-step explanation:

its 63.44697 but you round so its 63.44

Would you rather?
buy 2 lollypops for $2
buy 30 lollypops for $40

Answers

buy 2 lollipops for 2 dollars

Answer:

Buy 2 lollipops for $2.

Step-by-step explanation:

If you divide the total price by total items purchased, you get the price per unit. 2/2=1 or around $1, while 40/30=4/3 or around $1.3. You are paying 1$ per lollipop for the 2 lollipop choice and paying 1.3 dollars per lollipop for the 30 lollipop choice.

The triangles are similar by??

Answers

the SAS similarity theorem

For each of the following variables, identify the type of variable (categorical vs. numeric). (1) Temperature (in Fahrenheit) of an office building (11) Traffic congestion (e.g. light, medium, heavy)
1) (1) Numeric, and (II) Categorical
2) (1) Numeric, and (II) Numeric
3) (1) Categorical, and (II) Numeric
4) There is no correct match.
5) (1) Categorical, and (11) Categorical

Answers

Answer:

(a) Temperature: Numerical

(b) Traffic congestion: Categorical

Step-by-step explanation:

Required

Determine the variable type

(a) Temperature

Temperatures are measured in numeric values e.g. 22 degree Fahrenheit, etc.

Hence, the variable is numerical

(b) Traffic congestion

From the question, we understand that the traffic congestion are divided into three categories i.e. light, medium....

Hence, the variable is categorical

Find the value of x in the kite below.
60°
O
x = [?]

Answers

Answer:

30

Step-by-step explanation:

The given is right triangle with angle measure 90-60 and 30 degrees as we can see on the image.

Hello, please help me!!​

Answers

Answer:

0.14

Step-by-step explanation:

P(A|B) asks for the probability of A, given that B has happened. This is equal to the probability of A and B over the probability of B (see picture)

Here, the question is asking if someone is taking the bus given that they are a senior.

The probability of someone being a senior and taking the bus is 5/100, or 0.05 . The probability of someone being a senior is 35/100, or 0.35

Our answer is then 0.05/0.35 = 1/7 = 0.14

Suppose the sales (1000s of $) of a fast food restaurant are a linear function of the number of competing outlets within a 5 mile radius and the population (1000s of people) within a 1 mile radius. The regression equation quantifying this relation is (sales)

Answers

Answer:

[tex]Sales = 86.749[/tex]

Step-by-step explanation:

Given

[tex]Sales = 0.845*(competitors) + 5.79*(population) + 13.889[/tex]

[tex]Competitors = 4[/tex]

[tex]Population = 12000[/tex]

See comment for complete question

Required

The sales

We have:

[tex]Sales = 0.845*(competitors) + 5.79*(population) + 13.889[/tex]

Substitute values for competitors and population

[tex]Sales = 0.845*4 + 5.79*12 + 13.889[/tex]

[tex]Sales = 3.38 + 69.48 + 13.889[/tex]

[tex]Sales = 86.749[/tex]

Describe how the graph of y = |x - 2| - 5 is a transformation of the graph of y = |x|. Use terms such as "shifted", "reflected", "stretched", or "compressed".

Answers

Answer:

The original graph was shifted 2 units to the left and 5 units down.

Step-by-step explanation:

y = |x|

From this, we go to: y = |x - 2|.

When we want to shift a function f(x) a units to the left, we find f(x - a). So first, the graph was shifted 2 units to the left.

y = |x - 2|.

From this, we go to: y = |x - 2| - 5.

Shifting a function f(x) down b units is the same as finding f(x) - b, so the second transformation was shifting the graph 5 units down.

Jerome is cooking dinner. He needs 8 ounces of broccoli for each person.

Part A: Jerome is not sure how many people will come to dinner. Write an expression with a variable that represents the amount of broccoli Jerome needs for dinner. Identify what the variable represents.

Part B: If Jerome has 32 ounces of broccoli, how many people can he feed? Create an equation and show all work to solve it.

Answers

Answer:

Step-by-step explanation:

Part A.....let P be the number of people that will show up.....so....

The total amount of broccoli needed (in ounces)  =    8P  ounces

Part B

32  =  8P       divide both sides by 8

4 = P            so.....4 people can be fed.....!!!

Step-by-step explanation:

238.64 yards.what is the diameter of the field?use 3.14 for pie and do not round your answer

Answers

Answer:

It should be 8.6 yards, as 238.64÷3.14 = 74.

√74 = 8.60, or 8.6 :)

If interest is 8% and it is compounded semiannually, and after one year, the total value is $10,816, what was the original investment?

Answers

$135200

X * 8% = 10816
X = 10816/8% = 135200

one strip is cut into 9 equal bars shade 1/3:of strip

Answers

hiiksbsjxbxjsoahwjsissnsks

AB is a diameter of Circle O. Find the measure of BCA

Answers

Answer:

∠ BCA = 90°

Step-by-step explanation:

∠ BCA is an angle in the semicircle and equals 90°

If 3 3/4m of cloth was used for one suit, how many suits can be made with 30m cloth​

Answers

Answer:

8 suits

Step-by-step explanation:

Divide 30 m by 3 [tex]\frac{3}{4}[/tex] m , or 30 ÷ 3.75 , then

30 ÷ 3.75 = 8

Then 8 suits can be made from 30 m of cloth

it is estimated that 50% of emails are spam emails. Some software has been applied to filter these spam emails before they reach your inbox. A certain brand of software claims that it can detect 99% of spam emails and the probability for a flase positive is 5%. What is the probability that an email is detected as spam

Answers

Answer:

0.52 = 52% probability that an email is detected as spam.

Step-by-step explanation:

Probability that an email is detected as spam:

99% of 50%(are spam).

5% of 100 - 50 = 50%(false positives, that is, e-mails that are not spam but are detected as spams).

What is the probability that an email is detected as spam?

[tex]p = 0.99*0.5 + 0.05*0.5 = 0.52[/tex]

0.52 = 52% probability that an email is detected as spam.

Can the range of a function be written like this {6,7,8,10} instead of like this [tex]6\leq x\leq 10[/tex]?

Answers

Answer:

No unless x is being used to define only elements of an integer set.

Step-by-step explanation:

No, not in general unless x is defined as a integer or a subset of the integers like the naturals, whole numbers....

Usually 6<=x<=10 means all real numbers between 6 and 10, inclusive. This means example that 6.6 or 2pi are in this set with infinitely other numbers that I can't name.

{6,7,8,9,10} just means the set containing the numbers 6,7,8,9,10 and that's only those 5 numbers.

which statements are true for the functions g(x)=x^2 and h(x)=-x^2? Check all that apply

Answers

Answer:

if x=0 then they have same value

1 and 2 options are out

for x=-1

g(-1)=1

h(-1)=-1

3 is true

4th

FALSE

for all values except 0, g(x)>h(x)

correct ones are

g(x) > h(x) for x = -1.

For positive values of x, g(x) > h(x).

For negative values of x, g(x) > h(x).

Step-by-step explanation:

change the following basis to Base 10 134 in base seven​

Answers

Answer:

74 base 10.

Step-by-step explanation:

134 base 7 = 7^2 + 3*7 + 4

= 49 + 21 + 4

= 74 base 10

Can someone help me with this? Thanks!

Answers

9514 1404 393

Answer:

x ∈ {5, 7}(5,7)

Step-by-step explanation:

The graph shows the function value is zero for x=5 and x=7. These are the elements of the solution set.

  x ∈ {5, 7}

__

The graph is below the x-axis between these points, so that is the region where f(x) < 0

  5 < x < 7 . . . . . for f(x) < 0

In interval notation: (5, 7).

Answer the following.
(a) Find an angle between and that is coterminal with .
(b) Find an angle between and that is coterminal with . Give exact values for your answers.

Answers

I believe this is your question:

A.) find an angle between 0 degrees and 360 degrees that is coterminal with 570 degrees.

Answer:

210 degrees

Explanation:

Coterminal angles begin on the same initial side and end or terminate on the same side as an angle. Example 45 degrees and 405 degrees are coterminal angles because they both begin and end on the same side.

To find an angle between 0 and 360 that is coterminal with 570 degrees, w simply subtract 360 degrees from 570, hence:

570-360=210 degrees

570 degrees is coterminal with 210 degrees

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