How long will it take for a lump-sum investment to double in value at an interest rate of 1.5% per month, compounded continuously

Answers

Answer 1

Answer:

It will take 47 months ( 3 years and 11 months)

Step-by-step explanation:

We use the compound interest formula here.

Mathematically;

A = P( 1 + r)^t

Where A is the amount which is 2 times the principal here, so we can call it 2P

P is the lump-sum invested

r is the monthly interest rate given as 1.5% = 1.5/100 = 0.015

t = time , which we want to calculate

Substituting these values, we have;

2P = P(1 + 0.015)^t

divide both sides by P

2 = 1.015^t

Take the log of both sides;

log 2 = log (1.015)^t

log 2 = t log 1.015

t = log2/log1.015

t = 46.55

which is approximately 47 months


Related Questions

The company charges $5 per sq ft, AND has a minimum charge of 3 sq ft per order (meaning if a customer orders something SMALLER than 3 sq ft they still are charged as if they ordered 3 sq ft, never less - but if they order something larger than 3 sq ft they just pay regularly by the sq ft). What would you charge someone who orders a piece of glass 12in X 12in

Answers

Answer:

15 dollars

Step-by-step explanation:

12 inches = 1 ft

so 12 inch by 12 inches  is 1 ft * 1 ft

1 ft* 1 ft

1 ft^2

This is smaller than 3 ft^2 so they will get charged for 3 ft^2

3 ft^2 = 3 ft^2 * $5 / ft^2 = 15 dollars

which expression have a value of 2/3
A: 8+(24 divided by 12) X 4
B:8+24 divided by (12X4)
C: 8+24 divided 12X4
D: (8+24) divided (12X4)

Answers

B is the correct answer!
32 / 48 =2/3

The length of the longest side of a triangle is 5 inches more than twice the length of the shortest
side, and the length of the middle side is 2 inches more than the length of the shortest side. The
perimeter of the triangle is 235 inches. So the shortest side is inches long. Type in your
numerical answer only; do not type any words or letters with your answer.

Answers

Answer:

Length of shortest side: 57

Length of medium side:59

Length of long side: 119

Step-by-step explanation:

(3.5x10^8)x(4.0x10^-12)=

Answers

Answer:

Below

Step-by-step explanation:

● (3.5× 10^8) × (4×10^(-12))

● (3.5×4) × (10^8 × 10^(-12) )

● 14 × 10^ (-12+8)

● 14 × 10^(-4)

● 14/10^4

HELP ASAP ROCKY!!! will get branliest.​

Answers

Answer:

Hey there!

The slope is -1/3, because the rise over run is -1/3.

Let me know if this helps :)

Plzz help i really need help..

Answers

Answer:

D. neither.

Step-by-step explanation:

A function is when one x-value only has one corrisponding y-value.

The answer it's D. Neither

Please help me I’ve been struggling

Answers

Answer:

147cm³

Step-by-step explanation:

Bottom rectangular prism: 3x4x6=72

Top rectangular prism: 5x5x3=75

72+75=147cm³

I cant seem to get the second one right...

Answers

Rx=1 means to reflect the given point on the line of x= 1

The mapping for the reflection on line x is x = k

(-2,7) = (-2(1) - -2,7) = (4,7)

The missing value is 7

solve this equation 4log√x - log 3x =log x^2​

Answers

Answer:

[tex]x = \frac{1}{3} [/tex]

Step-by-step explanation:

*Move terms to the left and set equal to zero:

4㏒(√x) - ㏒(3x) - ㏒(x²) = 0

*simplify each term:

㏒(x²) - ㏒(3x) - ㏒(x²)

㏒(x²÷x²) -㏒(3x)

㏒(x²÷x² / 3x)

*cancel common factor x²:

㏒([tex]\frac{1}{3x}[/tex])

*rewrite to solve for x :

10⁰ = [tex]\frac{1}{3x}[/tex]

1 = [tex]\frac{1}{3x}[/tex]

1 · x = [tex]\frac{1}{3x}[/tex] · x

1x = [tex]\frac{1}{3}[/tex]

*that would be our answer, however, the convention is to exclude the "1" in front of variables so we are left with:

x = [tex]\frac{1}{3}[/tex]

Help please anyone. Thank You

Answers

Answer:

A) 144 yd²

Step-by-step explanation:

Base= 8x8=64

Side = 1/2*8*5=20

64+20+20+20+20=144 yd²

Answer:

168 sq yds

Step-by-step explanation:

5x8/2x2=40

8x8/2x2=64

8x8=64

40+64+64=168

Find the sum of 1 + 3/2 + 9/4 + …, if it exists. This is infinite series notation. The answer is NOT 4.75.

Answers

Answer:

D

Step-by-step explanation:

First, this looks like a geometric series. To determine whether or not it is, find the common ratio. To do this, we can divide the second term and the first term, and then divide the third term and the second term. If they equal to same, then this is indeed a geometric series.

[tex](3/2)/(1)=3/2\\(9/4)/(3/2)=(9/4)(2/3)=18/12=3/2[/tex]

Therefore, this is indeed a geometric series with a common ratio of 3/2.

With just this, we can stop. This is because since the common ratio is greater than one, each subsequent value is going to be bigger than the previous one. Because of this, the series will not converge. Therefore, the series has no sum.

To see this more clearly, imagine a few more terms:

1, 1.5, 2.25, 3.375, 5.0625...

Each subsequent term will just increase. The sum will not converge.

Answer:

No Sum --- it doesn't exist.

Step-by-step explanation:

The partial sums get arbitrarily large--the go to infinity.

The geometric series you are trying to sum has common ratio = 3/2.

The sum of the infinite series exists only when |common ratio| < 1.

The formula for the partial sum of n terms is (r^(n+1) - 1) / (r - 1) = (1.5^(n+1) - 1) / 0.5, or in decimals instead of fraction.. i.e. 1 + 1.5 + 2.25 + 5.0525 + 25.628 + 656.840..... therefore It would take a long time but you'd be adding up forever and goes to infinity.

A helicopter is at a cruising height of 1,200 feet. Suppose the angle of depression to the landing pad is 15°, which is located on top of a building that is 64 feet high. If the helicopter continues at the current cruising height, how far does the helicopter need to travel to be directly above the landing pad? Include a sketch that shows all known information and clearly shows what you need to find. Show all work and give the answer rounded to the nearest foot.

Answers

Answer:

we have a right triangle and to get the internal angle of the right triangle formed at the helicopter we subtract 62 degrees from 90 which equals 28 degrees

we now use the cosine to find the distance (d) from the helicopter

cosine 28 = 85/d

d = 85 / cosine 28 = 85 / 0.8829 = 96.2736 = 96 feet

Find the missing side or angle.
Round to the nearest tenth.

Answers

Answer:

b=2.7

Step-by-step explanation:

using sine rule,,,

Step-by-step explanation:

So for this problem, we need the missing angle A. From there, we can use the law of sines to compute length of b.

So the sum of the interior angles of a triangle is 180. With that in mind, we can make an equation to fine the measure of angle A.

53 + 80 + A = 180

133 + A = 180

A = 47

Now that we have the angle of A, we can use the law of sines to fine the length of b.

b / sin(B) = a / sin(A)

b = sin(B) * a / sin(A)

b = sin(80) * 2 / sin(47)

b = 2.693

Now round that to the nearest tenth to get

b = 2.7

Cheers.

A coin is flipped eight times where each flip comes up either heads or tails. How many possible outcomes a) are there in total

Answers

Answer:

256 outcomes.

Step-by-step explanation:

Each time you flip the coin you have two possible outcomes, it can either come up with heads or tails.

You're going to flip the coin eight times so the first time you can have 2 possible outcomes, the second time you have 2 possible outcomes, the third time you have 2 possible outcomes, etc.

Since you are going to do this eight times you are going to multiply each of the outcomes, so you will have:

Possible outcomes = 2×2×2×2×2×2×2×2= 256

Thus, there are 256 different outcomes in total.

A table has five bowls. None of the quantities in the bowls are prime, though the last two bowls are empty. Two of the quantities are squares, and when added to the remaining number, the sum is 21. What are the amounts in the first three bowls?

Answers

Since two of the quantities are squares and the sum of all of three is equal 21, then the possible values of those two quantities are: 1,4,9,16

Let's consider each possibility

1 and 4

21-1-4=16, but 16 is also square and there can be only two square so NO

1 and 9

21-1-9=11, but 11 is prime, so NO

1 and 16

21-1-16=4... 4 is a square ,so NO

4 and 9

21-4-9=8 , 8 is not prime and not a square, so YES

4 and 16

21-4-16=1, but 1 is a square ,so NO

9 and 16

9+16=25>21 so.. NO

Therefore, the amounts in the first three bowls are 4,8,9.

Given a dataset with the following properties:

mean = 50

median = 40

standard deviation = 5

What is the shape of the distribution?

Answers

Answer:

The distribution is positively skewed.

Step-by-step explanation:

A measure of skewness is defined in such a way that the measure should always be zero when the distribution is symmetric and measure should be a pure number i.e independent of origin and units of measurement.

The shape of the distribution can be found by finding the coefficient of skewness.

The coefficient of skewness can be found by  

Sk= 3(Mean-Median)/ Standard Deviation

Sk= 3( 50-40)5= 30/5=6

The shape will be positively skewed.

In a positively skewed distribution the mean > median > mode. It has a long right tail.

Using the skewness formula, it is found that the distribution is right-skewed.

------------------

The skewness of a data-set with mean M, median [tex]M_e[/tex] and standard deviation s is given by:

[tex]S = \frac{3(M - M_e)}{s}[/tex]

If |S| < 0.5, the distribution is said to be symmetric.If S <-0.5, the distribution is left-skewed.If S > 0.5, the distribution is right-skewed.

------------------

Mean of 50, thus, [tex]M = 50[/tex]Median of 40, thus [tex]M_e = 40[/tex]Standard deviation of 5, thus, [tex]s = 5[/tex]

The coefficient is:

[tex]S = \frac{3(M - M_e)}{s} = \frac{3(50 - 40)}{5} = \frac{30}{5} = 6[/tex]

Thus, the distribution is right-skewed.

A similar problem is given at https://brainly.com/question/24415645

Find the value of x.
A. 3
B. 9
C. 0
D. 12

Answers

Answer:

x=3

Step-by-step explanation:

(segment piece) x (segment piece) =   (segment piece) x (segment piece)

3x(x+1) = 4x(x)

Divide each side by x

3x(x+1)/x = 4x(x)/x

3(x+1) = 4x

Distribute

3x+3 = 4x

Subtract 3x

3x+3-3x= 4x-3x

3 =x

Answer:

x = 3

Step-by-step explanation:

0 is a rediculas answer 9 and 12 are to big.

The lines are supposed to have a simular length:

3(3) + 4 = 13

4(3) + 3 = 15

These are the best answers that fit.

Suppose that two.integers from the set of 8 integrs {1,2,3....8} are chosen at random. Find the probability that i. both numbers match. ii. Sun of the two numbers picked is less than 4?

Answers

Answer: a) 0.003

b) 0.125

c) 0.047

Step-by-step explanation:

We have a set of 8 numbers {1,2,...,8}

Let's analyze each case:

a) 5 and 8 are picked. The probability here is:

In the first selection, we have two possible picks (we can pick 5 or 8), so we have two possible outcomes out of 8 total outcomes,  the probability for the first selection is:

P = 2/8 = 1/4.

Now, if one of those numbers was picked in the first selection, only one outcome is possible in this second selection, (if before we picked a 5, here we only can pick an 8, or if in the first selection we picked an 8, here we only can pick a 5.)

the probability is:

P = 1/8

The joint probability is equal to the product of the individual probabilities, so here we have:

P = (1/4)*(1/8) = 1/32 = 0.003

b) The numbers match (we draw two sixes, for example) :

In the first selection, we can have any outcome (the only requirement is that in the second selection we pick the same outcome), so the probability is:

P = 8/8 = 1

in the second selection, we can have only one outcome, so here the probability is:

P = 1/8

The joint probability is p = 1/8  = 0.125

c) The sum is smaller than 4:

The combinations are:

1 - 1  , 1 - 2  and 2 - 1

We have 3 combinations, and the total number of possible combinations is:

8 options for the first number and 8 options for the second selection:

8*8  = 64

The probability is equal to the number of outcomes that satisfy the sentence (3) divided by the total number of outcomes (64):

P = 3/64 = 0.047

find the perimeter of a square of sides 10.5cm​

Answers

Answer:

42 cm

Step-by-step explanation:

A square has 4 equal sides. To find the perimeter, add all side lengths together.

1. Set up the equation and solve

10.5 + 10.5 + 10.5 + 10.5 = 42

The answer is 42 because you add 10.5+10.5 +10.5+10.5=42 or do 10.5x4=42

Determine whether the statement (p∧(p⟶q))⟶q is a tautology one time by using truth table and the other time without using truth table

Answers

It is.........................................................

One way to prove this without a truth table is to use a conditional proof. We assume the portion p ^ (p --> q). If that's true, then so is p and p-->q

Using p and p-->q, the modus ponens rule allows us to derive q. It says that if p is true and p --> q, then q must be true as well.

Since we arrive at q, we have found the conclusion we're after. The assumption (p ^ (p-->q)) leads to q, and therefore the entire statement (p ^ (p-->q)) --> q is true for any combination of p,q.

Test the claim that the proportion of people who own cats is significantly different than 80% at the 0.2 significance level. The null and alternative hypothesis would be:______.
A. H0 : μ = 0.8 H 1 : μ ≠ 0.8
B. H0 : p ≤ 0.8 H 1 : p > 0.8
C. H0 : p = 0.8 H 1 : p ≠ 0.8
D. H0 : μ ≤ 0.8 H 1 : μ > 0.8
E. H0 : p ≥ 0.8 H 1 : p < 0.8
F. H0 : μ ≥ 0.8 H 1 : μ < 0.8
The test is:_____.
a. left-tailed
b. right-tailed
c. two-tailed
Based on a sample of 200 people, 79% owned cats.
The test statistic is:______.
The p-value is:_____.
Based on this we:_____.
A. Fail to reject the null hypothesis.
B. Reject the null hypothesis.

Answers

Answer:

C. H0 : p = 0.8 H 1 : p ≠ 0.8

The test is:_____.

c. two-tailed

The test statistic is:______p ± z (base alpha by 2) [tex]\sqrt{\frac{pq}{n} }[/tex]

The p-value is:_____. 0.09887

Based on this we:_____.

B. Reject the null hypothesis.

Step-by-step explanation:

We formulate null and alternative hypotheses as  proportion of people who own cats is significantly different than 80%.

H0 : p = 0.8 H 1 : p ≠ 0.8

The alternative hypothesis H1 is that the 80% of the  proportion is different and null hypothesis is , it is same.

For a two tailed test for significance level = 0.2 we have critical value  ± 1.28.

We have alpha equal to 0.2  for a two tailed test . We divided alpha with 2 to get the answer for a two tailed test. When divided by two it gives 0.1 and the corresponding value is ± 1.28

The test statistic is

p ± z (base alpha by 2) [tex]\sqrt{\frac{pq}{n} }[/tex]

Where p = 0.8 , q = 1-p= 1-0.8= 0.2

n= 200

Putting the values

0.8 ± 1.28 [tex]\sqrt{\frac{0.8*0.2}{200} }[/tex]

0.8 ± 0.03620

0.8362, 0.7638

As the calculated value of z lies within the critical region  we reject the null hypothesis.

Use Lagrange multipliers to minimize the function subject to the following two constraints. Assume that x, y, and z are nonnegative. Question 18 options: a) 192 b) 384 c) 576 d) 128 e) 64

Answers

Complete Question

The complete question is shown on the first uploaded image

Answer:

Option C is the correct option

Step-by-step explanation:

From the question we are told that

   The equation is  [tex]f (x, y , z ) = x^2 +y^2 + z^2[/tex]

    The constraint is  [tex]P(x, y , z) = x + y + z - 24 = 0[/tex]

Now using Lagrange multipliers  we have that  

   [tex]\lambda = \frac{ \delta f }{ \delta x } = 2 x[/tex]  

   [tex]\lambda = \frac{ \delta f }{ \delta y } = y[/tex]  

   [tex]\lambda = \frac{ \delta f }{ \delta z } = 2 z[/tex]

=>       [tex]x = \frac{ \lambda }{2}[/tex]

          [tex]y = \frac{ \lambda }{2}[/tex]

         [tex]z = \frac{ \lambda }{2}[/tex]

From the constraint  we have

      [tex]\frac{\lambda }{2} + \frac{\lambda }{2} + \frac{\lambda }{2} = 24[/tex]

=>   [tex]\frac{3 \lambda }{2} = 24[/tex]

=>   [tex]\lambda = 16[/tex]

substituting for x, y, z

=>   x =  8

=>  y =  8

=>   z =  8        

Hence

    [tex]f (8, 8 , 8 ) = 8^2 +8^2 + 8^2[/tex]

    [tex]f (8, 8 , 8 ) = 192[/tex]

 


What is the volume of a cube with a side length of
of a unit?

Answers

It’s d times it three times length width height

which operation should you perform first when evaluating the expression 3²+ 2​

Answers

Answer:

You should calculate 3² first.

Step-by-step explanation:

In PEMDAS, E (which stands for exponents) comes before A (which stands for addition) so therefore you should calculate 3² first.

Answer: Exponents is done first (evaluate [tex]3^2[/tex] first)

Explanation:

The acronym PEMDAS helps determine the order of operations

P = parenthesis

E = exponents

M = multiplication

D = division

A = addition

S = subtraction

With the expression [tex]3^2+2[/tex] we have two operations going on here: exponents and addition.

Since exponents comes before addition (E comes before A in PEMDAS), this means we evaluate [tex]3^2[/tex] first, then add later.

Which algebraic expression means “three more than a number squared”? 2 n + 3 2 n minus 3 n squared + 3 n squared minus 3

Answers

the answer is n^2+3 or n squared + 3

when it says “three more” it’s implying + 3. When it says “a number squared”, we can use a variable (n) to represent any number and then square it making it n^2.

al we have to do is combine both parts to get n^2+3

The algebraic expression that means "three more than a number squared" is n² + 3, where n is the number.

What is the algebraic expression?

Algebraic expressions are mathematical statements with a minimum of two terms containing variables or numbers.

The statement is given in the question, as follows:

“three more than a number squared”

The expression n² represents the square of the number, and the expression + 3 represents the addition of three more to the square of the number.

So, n² + 3 represents the value of the square of the number plus three.

Thus, the algebraic expression that represents "three more than a number squared" is n² + 3.

Learn more about the algebraic expression here :

brainly.com/question/21751419

#SPJ6

A sandman earns a commission of 26%. One week he had sales of $24400. Find the commission for the week.

Answers

Answer:

6344

Step-by-step explanation:

Find 26% of 24400

24400 * 26%

24400 * .26

6344

what number must be added to the sequence of 7,13 and 10 to get an average of 13

Answers

Answer:

22

Step-by-step explanation:

We can write an equation:

(7+13+10+x)/4=13

x represents the number that needs to be added to get an average of

(7+13+10+x)/4=13

(30+x)/4=13

30+x=52

x=22

The number is 22

Hope this helps! Have a wonderful day :)

The number of times a player has golfed in one's lifetime is compared to the number of strokes it takes the player to complete 18 holes. The correlation coefficient relating the two variables is -0.26. Which best describes the strength of the correlation and what is true about the causation between the variables?

Answers

Answer: It is a weak negative correlation and it is not likely causal.

Step-by-step explanation:

Given: The number of times a player has golfed in one's lifetime is compared to the number of strokes it takes the player to complete 18 holes. The correlation coefficient relating the two variables is -0.26.

Variables : "number of times a player has golfed in one's lifetime" and "number of strokes it takes the player to complete 18 holes".

Since -0.26 is more closer to 0 as compared to 1 , so it describes a weak negative correlation.

Also, it is not likely causal as number of times a player has golfed in one's lifetime not cause number of strokes it takes the player to complete 18 holes.

Answer: B) It is a weak negative correlation, and it is likely casual

Correct on edge 2020!

Solve this and I’ll give u 5 stars and brainleist

Answers

Answer:

notice: temperature rises quickly at sunrise, and drops before sunsetwonder: whether this location is shaded by mountains later in the day

Step-by-step explanation:

notice

The temperature starts off below zero in the early morning and stays cold until the sun comes up. Then it warms rapidly to an above zero temperature that peaks in early afternoon. Once the sun gets lower, the temperature starts cooling off again. (The daily temperature range of 25-27 degrees is pretty typical for partly-cloudy sky conditions and stable weather.)

wonder

We wonder if this isn't a location that is on the east- or north-side of a mountain, or in a mountain valley, where the sun hits it early and is shaded later in the day. (The topo map attached seems to show it is in such a location.)

What Number is equivalent to 4^3
A. 7
B. 12
O C. 64
D. 81

Answers

Answer:

C

Step-by-step explanation:

4³ means 4 multiplied by itself 3 times, that is

4 × 4 × 4

= 16 × 4

= 64 → C

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