Mark has invested $300 at age 16 into a money market account earning 6%. How many times will Mark’s investment double before age 52? What will his investment be worth? What would Mark’s investment be if he had invested at age 28?

Answers

Answer 1

Answer:

Rough guide: doubling time in years is 72/interest rate in per cent. 72/6 is 12 so it doubles every 12 years, so in 36 years it will double 3 times.

A=300(1+.06)^36 is the formula. Without rounding, A=$2444.18. That is doubling 3 times or increasing 8 fold (and a little more)

Step-by-step explanation:

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Answer 2

At the agre of 28 he had invested A=$2444.18.

The doubling time in years is 72/interest rate in per cent.

72/6 is 12 so it doubles every 12 years,

So, in 36 years it will double 3 times.

What is the formula for the investment?

The formula of investment is

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

[tex]A=300(1+.06)^{36}[/tex]

Without rounding, We get,

A=$2444.18.

That is doubling 3 times or increasing 8 fold.

Therefore at the age of 28 he had invested A=$2444.18.

To learn more about the investment visit:

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Related Questions

PLEASE HELP

For a hypothesis test of H0: p = 0.35 against the alternative Ha: p > 0.35, the z test statistic is found to be 2.45. What can be said about this finding?


A. The finding is significant at α = 0.05, but not at α = 0.01.


B. The finding is significant at α = 0.01, but not at α = 0.05.


C. The finding is significant at both α = 0.05 and α = 0.01.


D. The finding is not significant at α = 0.05 and α = 0.01.

Answers

Answer:

C

Step-by-step explanation:

Is is a one-tailed test

P(z < 2.45) = 0.9929

1 - 0.9929 = 0.0071

Significant at both 0.05 and 0.01 because both are greater than 0.0071

Answer:

The finding is significant at both α = 0.05 and α = 0.01.

Find the number, if...

3/8 of it is 24.

Answers

Answer:

64

Step-by-step explanation:

To get the answer, just perform the reverse operation of what the question said. In this case, you would want to multiply by the reciprocal, which is (8/3). So the answer is found by just solving 24*(8/3).

Answer:

The number is 64

Step-by-step explanation:

Let the number be x

3/8 of x = 24

x = 24 ÷ (3/8)

[tex]x=24*\frac{8}{3}\\\\x=8*8[/tex]

x = 64

What is the approximate area of the shaded sector in the circle shown below?
A. 31.7 cm^2
B. 5.76cm^2
C. 2.88cm^2
D. 126.7cm^2

Answers

Answer:it’s 31.7 cm^2

Step-by-step explanation:

The approximate area of the shaded sector is 31.7 cm² (Option A).

To find the area of the shaded sector, we need to calculate the fraction of the entire circle that the sector represents and then multiply it by the area of the whole circle.

The formula to find the area of a sector is given by:

Area of sector = (θ/360) * π * r²

where θ is the central angle and r is the radius of the circle.

In this case, the radius (r) of the circle is given as 11 cm, and the central angle (θ) is given as 30 degrees.

Let's calculate the area of the shaded sector:

θ = 30 degrees

r = 11 cm

Area of sector = (30/360) * π * 11²

             = (1/12) * π * 121

             = π * 10.0833...

Now, we can approximate the value of π as 3.14:

Area of sector ≈ 3.14 * 10.0833...

             ≈ 31.7 cm²

Therefore, the approximate area of the shaded sector is 31.7 cm².

The correct option from the given choices is A. 31.7 cm².

To know more about sector, refer here:

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Find an equation, in slope-intercept form, that passes through the point (−4,3) with a slope of −3.

Answers

Answer:

y = -3x - 9

Step-by-step explanation:

Equation of line in point slope form is given as:

[tex]y - y_1 = m(x-x_1) \\

y - 3= - 3\{x - (-4)\}\\

y - 3 = - 3(x + 4)\\

y =- 3x - 12 +3\\

y = - 3x - 9\\ is \: the \: required \: equation \\ [/tex]

15 5 6 6 19 4 5 5 3 4 5 19 5 4 6
What is the mean? Round your answer to the nearest tenth.

Answers

counter = 0
sum = 0

while we haven't covered all the numbers, repeat these:
Step 1: sum = sum + (next number)
Step 2: counter = counter + 1

When all numbers are covered: the average is (sum/count)

Write 7/20 as a percent.

By what factor should you multiply the denominator and numerator?

Answers

Answer:

35%

Step-by-step explanation:

Use photomath it tells you everything.

Answer:

You should multiply the numerator and the denominator by 5. 35%

Step-by-step explanation:

7/20*5/5=35/100

35%

To get from fraction to percent you need the denominator to be 100. To get the denominator 20 to 100 you need to multiply by 5. Then we just take the numerator and add a percent symbol.

You should multiply the numerator and the denominator by 5. 35%

I need some help please!! I'll give brainliest to first answer!!!!!!!!!!!!!

Answers

Answer:

Keith; -5, -12

Step-by-step explanation:

Logic ( Subtract 12 from both sides, then factor it out)

Please help ASAP! I will mark BRAINLIEST! Please answer CORRECTLY! No guessing!

Answers

Answer:

C. [tex]b^{27}[/tex]

Step-by-step explanation:

Assume b is a number like 3

([tex]3^{9}[/tex])³=19683³=7625597484987

[tex]3^{24}[/tex]=282429536481

B is definitely wrong. Not even going to try.

[tex]3^{27}[/tex]=7625597484987

D is definitely wrong. Not even going to try.

The area of a rectangular baking sheet is 25 square inches. The base of the sheet is 10 inches. What is the height?
2 and one-half in.
3 in.
3 and one-half in.
250 in.

Answers

Answer:

2 1/2

Step-by-step explanation:

take 25 and divide it by 10 giving you 5/2 but that equals 2.5 and 2.5 equals 2 1/2

Answer:
2 [tex]\frac{1}{2}[tex] in.
Step-by-step explanation:

Correct answers only!

To the nearest cent, how much will she have in 2 years?

Use the formula B = p(1 + r)t, where B is the balance (final amount), p is the principal (starting amount), r is the interest rate expressed as a decimal, and t is the time in years.

Answers

Answer:

0.62

Step-by-step explanation:

Using a fair, six-sided die, what is P(2 or 3)?

Answers

Answer: 2/6
With a fair 6 sided die there is a total of 6 outcomes 2 and three being one of those. There’s a 1/6 chance of getting a 2 and 1/6 chance of getting a 3.
1+1=2
So the probably of getting a 2 or 3 is 2/6 or simplified 1/3


Maya has $270. She spends one third on shoes and buys 3 shirts for $12. She spends the remaining amount to buy dresses for $32 each. Determine the number of dresses she buys?

Answers

Answer: 4 dresses

Step-by-step explanation:

Hope you get it right!

Discussion Topic: As part of their job, meteorologists make weather predictions from data. How accurate are their predictions? What are other scenarios in which you would use data to make a prediction? How would you defend your prediction using data?

Answers

Answer: 1. Not always accurate.

2. A football game.

3. By using the data from the winning percentage against number of games played.

Step-by-step explanation:

Meteorologists are responsible for making weather predictions, but their predictions are always not accurate because they use datas and theory to predict the scenarios of the weather or what it might be. Their predictions are not accurate because of changes in weather or data being used unexpectedly.

A scenario where I would use data to make a prediction could be in a football match or game where you i have a percentage of winning, which depends on how many times the game is played.

The winning percentage gives us the data on the probability of winning the game which would help predict how many times you'll win a game by how many times the game is played.

A 25ft ladder is propped against a storeroom. The angle the ladder forms is 50°. How far up the storeroom does the ladder reach?

Answers

Answer:

This means the store room is 19.15ft up

Step-by-step explanation:

The set up of the question will form a right angle triangle.

The length of the ladder will be the hypotenuse of the triangle and the angle the ladder forms will be the angle of elevation. This angle of elevation will face the opposite side of the triangle which is the height of the storeroom directly.

Using the SOH CAH TOA trigonometry identity,

According to SOH;

Sin∅ = opposite/hypotenuse

∅ is the angle the ladder forms

sin50° = x/25

x = 25sin50°

x = 19.15ft

This means the store room is 19.15ft up

Which situation describes INDEPENDENT events? A) One student is chosen from Classroom A, then a student is chosen from Classroom B. B) One card is chosen from a standard deck, it is set aside, then a second card is drawn. C) One student is chosen from Classroom A, then a second student is chosen from Classroom A. D) Tom chooses a letter of the alphabet, then Beth must choose a different letter from the alphabet.

Answers

Answer:

Step-by-step explanation:

A) One student is chosen from Classroom A, then a student is chosen from Classroom B

the sets for each probability to happen are different. what happen in first clause is unrelated to the second clause

If there are 3 classrooms that each have 25 desks and there are a total of 87 students, how many more desks need to be added to a 4th classroom, that was originally empty, so that each of the students has a desk to sit in?

Answers

Answer:

12

Step-by-step explanation:

If there are 3 classrooms that each have 25 desks and there are a total of 87 students, how many more desks need to be added to a 4th classroom, that was originally empty, so that each of the students has a desk to sit in?

25 * 3 = 75

87 - 75 = 12

1. Calculate the slope between the two points (2,5) and (-3,-4).

Answers

To find the slope of thine that passes through these points, use the slope formula. It can be read as “slope equals the second y-coordinate minus the first y-coordinate over the second x-coordinate minus the first x-coordinate.”

So we have [tex]\frac{-4 - 5}{-3 - 2}[/tex] and this simplifies to -9/-5 or 9/5.

Remember, a negative divided by a negative is a positive.

What is the probability that the first marble is green a the second is red? Write fraction in simplest form.

Answers

There’s 9 marbles in total and 5 green 2 red and 2 blue so if the first marble is green it would be a 5/9 chance of getting the marble same with the red but the fraction is 2/9

Evaluate the expression when c= -4.
c² – 5c+2

Answers

Answer:

The answer is 38.

Step-by-step explanation:

You have to substitue c = -4 into the expression :

Let c = -4,

[tex] {( - 4)}^{2} - 5( - 4) + 2[/tex]

[tex] = 16 + 20 + 2[/tex]

[tex] = 38[/tex]

Find cos x if sin x =0.82.

Answers

Answer:

cosx= 35. Use Trignometrical identity cosx = √1−sin2x . cos x = √1−1625 = √925 = 35 to be the ...

Missing: =0.82 ‎| Must include: =0.82

Step-by-step explanation:

Kendra gets a paycheck of 300 after 5 days of work at this rate how much does she get paid for working 24 days

Answers

Answer:

$1,440; Possible work: Since 300 4 5 5 60, Kendra gets paid $60 per day: 60 3 24 5 1,440. So, she gets paid $1,440 for working 24 daysStep-by-step explanation:

HOPE THIS HELPS

Answer:

1440 = x

Step-by-step explanation:

We can use a ratio to solve

300 dollars      x dollars

----------------- = ------------

  5 days               24 days

Using cross products

300*24 = 5x

Divide each side by 5

300*24/5 = 5x/5

1440 = x

Plz help! Question on picture :)

Answers

Answer:

125 students participated

Step-by-step explanation:

66% + 30% = 96%

100% - 96% = 4%

4% = 5 students

100% ÷ 4% = 25

25 × 5 = 125

125 students participated

Answer:

125 students

Step-by-step explanation:

30+66=96

100-96=4

5 students make up 4%.

100/4=25

25x5=125 students

Complete 8 for 15 points.

Answers

Answer:

756 is evenly divisible by 2, 3, 4, 6, and 9.

Step-by-step explanation:

756 is evenly distributed by the numbers (above).

756/2 = 378756/3 = 252756/4 = 189756/5 = 151.2 756/6 = 126756/8 = 94.5756/9 = 84 756/10 = 75.6 756/25 = 30.24

find the value of y squared when y is -9

Answers

Answer:

81

Step-by-step explanation:

-9^2, or -9 times -9 equals 81, the negatives cancel each other out

Your answer would be 81.

The calculation the question is asking us to do is y², but substitute in y for -9. This gives us (-9)². We know that 9² = 81, but (-9)² also equals 81 because when you multiply 2 negative numbers together, the negative sign cancels out.

I hope this helps!

Juan went out to eat dinner, and the meal cost $60.00. If Juan received an 18% discount, what was the total value of the discount?

Answers

Answer:

The total value of the discount was $10.80.

Step-by-step explanation:

Since we are finding the value of the discount, we just need to find 18% of 60.

We can convert 18% into a decimal.

18%=0.18

Multiply.

0.18*60=10.8

The total value of the discount was $10.80.

Public Service Announcement : For anyone that continues to delete my answers even if their educational/ or correct can STAY MAD. I will continue to do what I do, spread positivity & make people happy! Thanks to the people that support me. Its just some people be hating on me forreal. And its not cute. Thank you to those who will report this too because their big mad. Thank you and have a nice day❤

Answers

Answer:

You tell them

Step-by-step explanation:

Never stop being postive

U do u girl always be ur self, positivity is good

The senior classes at High School A and High School B planned separate trips to the indoor climbing gym. The senior class at High School A rented and filled 5 vans and 10 buses with 410 students. High School B rented and filled 10 vans and 12 buses with 556 students. Every van had the same number of students in it as did the buses. How many students can a van carry? How many students can a bus carry?

Answers

Answer:

A van can carry 15 students and a bus can carry 966 students

Given: 6|x/3| < 18
Part A: Show the step(s) to get the absolute value expression by itself.

Part B: Write the two equations used to solve the absolute value equation.

Part C: Solve the equations and check your equations.

Answers

Answer:

see below

Step-by-step explanation:

6|x/3| < 18

Divide by 6

6/6|x/3| < 18/6

|x/3| < 3

Now we get two equations, one positive and one negative, remembering to flip the inequality

x/3 < 3   x/3 > -3

Multiply by 3 to isolate x

x/3 *3 < 3*3  and  x/3*3 > -3*3

x < 9          and      x > -9

Rewriting

-9 < x<9

Check -12

6|-12/3| < 18

6|-4| <18

24<18  False  good

Check 0

0<18  true

Check 12

6|12/3| < 18

6|4| <18

24<18  False  good

I am thinking of a number. My number is between 20 and 30 My number and 12 have only one common factor. What number could I be thinking of? Give all three possible answers.

Answers

Answer:

21, 22 and 26

Step-by-step explanation:

To answer this question first we need to know which are the factors of 12:

[tex]12= 2^2(3)[/tex]

So, now, we need 3 numbers that are between 20 and 30 and that only have one common factor with 12, in other words, they need to have just a 2 or a 3 in their factorization.

Let's take number 21:

[tex]21= (7)(3)[/tex], we can see that 21 only has a 3 and a prime so therefore it has only one common factor with 12

Now, let's take the number 22,

[tex]22=11 (2)[/tex], thus since 22 has a 2 and a prime, it has only one common factor with 12.

Now, let's take the number 26

[tex]26= 13 (2)[/tex], thus, since 26 has a 2 and a prime, it has only one common factor with 12.

Thus, the three possible answers are 21, 22 and 26

The table shows the battery life of four different mobile phones:

Mobile Phone Battery Life
Phone: Battery Life (hours)
A: 20
B: 25
C: 10
D: 18


If 8.45% of the battery life of each mobile phone is used in a day by a typical user, for which mobile phone is 0.8 hour of battery life used in a day?

1. Phone A
2. Phone B
3. Phone C
4. Phone D

Answers

Answer:

phone C

Step-by-step explanation:

since, 8.45% of (×) 10

= 0.845

= 0.8

Answer:

probably phone C

Step-by-step explanation:

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