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

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

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Answer:

30 and 45 degrees

Step-by-step explanation:

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

Find the Value of x

Answers

Answer:

42

Step-by-step explanation:

(adjacent straight angles sum up to 180)

3x+54=180

x=42

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!

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

Can someone please answer this

Answers

Answer: 131m^2

Explanation: I checked with calculator!

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

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

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

please answer i will mark brainliest :)

Answers

Answer:

c I think that's the right answer

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

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

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]

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.....

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:

Helppppppp

Which choice is equivalent to the product below

Answers

Step-by-step explanation:

jkkkkkkkkkkkkkkkkkkkkk

Answer:

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

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⸙

Find each event probability

Answers

Answer:

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

Step-by-step explanation:

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.

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.

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:

__________

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

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!

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.

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.

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

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

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

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.

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

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