!!kinda urgent!!
You decide to put $150 in a savings account to save for a $3,000 down payment on a new car. If the account has an interest rate of 2.5% per year and is compounded monthly, how long does it take you to earn $3,000 without depositing any additional funds?

Answers

Answer 1

Answer:

119.95 years

Step-by-step explanation:

The general equation is given by:

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

Where:

A is the initial amount, we know that the first deposit is of $150, then:

A = $150

t is the variable, in this case, is the number of years.

n =  number of times that the interest is compounded in one unit of t, because the interest is compounded monthly, we have n = 12.

r = interest rate in decimal form.

r = 2.5%/100% = 0.025

Replacing these in our equation, we get that:

[tex]P = 150*(1 + \frac{0.025}{12} )^{12*t}[/tex]

Now we want to find the time such that his savings, P, are equal to $3000.

Then we need to solve the equation:

[tex]P = 150*(1 + \frac{0.025}{12} )^{12*t} = 3000[/tex]

[tex](1 + \frac{0.025}{12} )^{12*t} = 3000/150 = 20\\[/tex]

Now, remember that:

Ln(a^x) = x*ln(a)

So if we apply the natural logarithm to bot sides, we get:

[tex]Ln((1 + \frac{0.025}{12} )^{12*t}) = Ln( 20)\\\\(12*t)*Ln(1 + \frac{0.025}{12}) = Ln(20)\\\\t = \frac{Ln(20)}{12*Ln(1 + \frac{0.025}{12})} = 119.95[/tex]

So after 119.95 years you will have the $3000.


Related Questions

HELPPP ME OUTTTTTT!!!!!!!

Answers

Answer:

3/5

Step-by-step explanation:

cos A = adjacent side / hypotenuse in a right triangle

cos A = 24/40

Cos A = 6/10

cos A = 3/5

What is the area of the figure below?

Answers

Answer:

25

Step-by-step explanation:


[tex]52 - 6 \times 1 + 75 \times 3 \div 2[/tex]
....................................................
ASAP!!!
THANKS ........​

Answers

Answer:

158.5

Step-by-step explanation:

= 52 - 6 × 1 + 75 × 3 / 2

= 52 - 6 + 75 × 3 ÷ 2

= 52 - 6 + 112.5

= 46 + 112.5

= 158.5

Answer:

The solution is 158,5

Step-by-step explanation:

52-6×1+75×3÷2

= 52-6+75×3÷2

= 46+225÷2

= 46+112,5

= 46+112,5

= 158,5

Help me plz!!!.......

Answers

Answer:

[tex]AB^{2} =AD^{2} +BD^{2}[/tex]

[tex]AB^{2} =(7.5)^{2} +(4.9)^{2}[/tex]

[tex]AB=\sqrt{80.26}[/tex]

[tex]=8.96[/tex]

ΔABC tan C=AB/BC

⇒ tan 55.8= 8.96/BC ⇒BC= 8.96/tan 55.8

BC=x= 6.09

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

Hope it helps...

Have a great day!!

7.5^2+4.9^2
= 80.26
Square root of 80.26 = 8.96 ≈ 9
Cos 55.8 (9)
= 5.10 cm

A train leaves zurich at 2240 and arrives in vienna at 07 32 the next day workout out the time the train takes

Answers

Answer:

Total time taken by train = 8 hour 32 minutes

Step-by-step explanation:

Given:

Time train leave Zurich = 22:40 min

Time train arrives in Vienna = 07:32

Find:

Total time taken by train

Computation:

Total time taken by train = [23:60 - 22:40] + 7:32

Total time taken by train = 1:20 + 7:32

Total time taken by train = 8:52

Total time taken by train = 8 hour 32 minutes

A is 2 times older than B. Identify the appropriate expression.

Answers

Answer:

C. 2x

Step-by-step explanation:

Let

B's age = x years

A's age = 2 times older than B

= 2 * x

= 2x years

A's age = 2x years

For instance, if B's age is 17 years

Then,

A's age = 2x

= 2(17)

= 34 years old

Please help me with this

Answers

Answer:

A

Step-by-step explanation:

Question 8 of 49
Which definition best describes skew lines?
O A. Lines that intersect at a right angle
O B. Lines that intersect
O C. Lines that do not intersect and are not in the same plane
O D. Lines that do not intersect and are in the same plane

Answers

Ddddddddddddddddddddddddddddddddddddd

HELP!!!!!
If anyone knows the answer please tell me as soon as possible PLEASE!!!!

Answers

Answer:

Trapezium (An acute trapezium to be exact)

Step-by-step explanation:

Draw all four co-ordinates on a cartesian plane. We know these co-coordinates are the vertices (corners), so draw a line connecting all four points and observe what shape you have.

Your reasoning for why it is a trapezium can include the following points.

Trapeziums are a flat, closed shape, having 4 straight sides, with one pair of parallel sides.

We can say its an acute trapezium since the bottom two angles are unequal and both measure less than 90 degrees

When dragons on planet Pern lay eggs, the eggs are either green or yellow. The biologists have observed over the years that 21% of the eggs are yellow, and the rest green. Next spring the lead scientist has permission to randomly select 58 of the dragon eggs to incubate. Consider all the possible samples of 58 dragon eggs.

What is the usual number of yellow eggs in samples of 58 eggs? (Give answers as SENSIBLE whole numbers.)
minimum usual number of yellow eggs =
maximum usual number of yellow eggs

Answers

Answer:

usual number of yellow eggs = 12

Usual maximum = 21

Usual minimum = 3

Step-by-step explanation:

To solve this, we will use the expected value of a binomial probability.

The formula is;

E(X) = np

Where;

n is sample size

p is probability of success.

We are given;

n = 58

p = 21%

Thus;

usual number of yellow eggs in samples = np = 58 × 21% = 12.18 ≈ 12

From USL(Upper specification limit) and LSL(Lower specification limit) formula, we can find the maximum usual number and minimum usual number of eggs respectively.

Thus;

USL = n(p + 3√(p(1 - p)/n)

USL = 58(0.21 + 3√(0.21(1 - 0.21)/58)

USL = 21.48 ≈ 21

LSL = n(p - 3√(p(1 - p)/n)

LSL = 58(0.21 - 3√(0.21(1 - 0.21)/58)

LSL = 2.87 ≈ 3

Solve the inequality 4 is greater than n over -4

Answers

Answer:

4 > [tex]-\frac{n}{4}[/tex]

-16 > n

Step-by-step explanation:

Greater than would mean that the "arrow" is not facing the number. It would mean it is larger than the other number. Also, you have to construct the other part of the inequality which would be [tex]-\frac{n}{4}[/tex].

4×4 > [tex]-\frac{n}{4}[/tex]×4

16 > -n

-16 > n

On an electricity bill of $40.80, Mrs.
Miller pays only $38.76 because she pays
before a certain date. What percent
discount is Mrs. Miller allowed?

Answers

Answer:

100%_$40.80

? × _$38.76

Step-by-step explanation:

100%×$38.76÷$40.80=95%

Answer:

40.80

Step-by-step explanation:

Help plz ...............

Answers

Answer:

<RQP

Step-by-step explanation:

The vertex must either be the name of the angle or in the middle of the letters

<PQR  or <RQP

We can also just call it <Q since there is only one angle

the correct answer would be

James is 8 years old. Last year, his father was 4 times as old as he was. In how many years' time will their combined age be 51?

Answers

Last year He was 7 years old.

His father is 4 times the age 7 x 4 = 28

Last year his dad was 28, so this year he is 29.

Combined age this year = 29 + 8 = 37

51 - 37 = 14 years

14/ 2 people = 7 years

8 + 7 = 15

29 + 7 = 36

15 + 36 = 51

It will take 7 years.

Please help me with question a), b) and c). I have been trying for so long. (Show working), thank you.

Answers

Answer:

b)48 km/hr (12 km in .25 hrs)

c) avg speed: 60/3 = 20 km/hr

Step-by-step explanation:

a)

.5  18

.75 18

1      30

1.5   30

2     40

2.25  40

3        60

Travis makes and sells fishing lures. He
has 56 fishing lures that he is putting into
boxes. Each box can hold 5 fishing lures.
How many boxes can Travis fill
completely?

Answers

11 boxes.

Explanation:
You divide 56 by 5 which will give you 11.2. Round down and you will get 11.

What is 20% of 10% of 1000

Answers

Answer:

20% of 10% of 1000 = 20

Step-by-step explanation:

Now we have to,

→ find the 20% of 10% of 1000.

Let's find 10% of 1000,

→ (10/100) × 1000

→ 0.1 × 1000

→ 100

Then 20% of 10% of 1000 is,

→ (20/100) × 100

→ 0.2 × 100

→ 20

Hence, the answer is 20.

Calculate the mean of the data set {62, 75, 85, 63,69, 72, 76, 84, 87,88} round to the nearest tenth ?

Answers

Answer:

62+75+85+63+69+72+76+84+87+88 = 761

total scores is 10 then divde 761 by the total number of scores which is 10

761÷10 = 76.1

Given the circle with equation x+ y =17


a). Determine if the points D(-4, -1) and E(1, 4) are on the circle. Show all work

b). Find the equation of the perpendicular bisector of the chord DE

c). Verify that the perpendicular bisector from part b) passes through the center of the circle

Answers

Answer:

Step-by-step explanation:

x+y=17 is NOT the equation for any circle. You have omitted the exponents. The equation for the circle should be

x^2 + y^2 = 17.

:::::

Plug the coordinates of D into the equation.

(-4)² + (-1)² = 17, so D is on the circle.

Plug the coordinates of E into the equation.

1² + 4² = 17, so E is on the circle.

:::::

Slope of DE = (-1 - 4)/(-4 - 1) = 1

Slope of perpendicular to DE is -1.

Midpoint of DE:  ((-4+1)/2, (-1+4)/2) = (-1.5, 1.5)

Point-slope equation for perpendicular bisector:

y-1.5 = -(x+1.5)

y = -x

:::::

Center of circle is (0,0)

0 = -0, so y=-x passes through the center.

first answer gets marked brainliest!!!

Answers

Answer:

in neighbourhood q the total number of people in the nine families I higher than that in neighbourhood s because of we add up the number of people in the families in neighbourhood q we get a total of 35 yet we have a total of only 27 people in the nine families in neighbourhood s

hope that helps ❤

SOMEONE HELP ME PLEASE

Answers

Answer:

9/10 or 90 %

Step-by-step explanation:

There are 54+27+5+4 total people = 90

The people with diploma is 54+27 = 81

P (diploma) = number with diploma / total

                  = 81/90

                  =9/10

                   90%

In 1993 eggs cost $0.87 a dozen. In 2003 it cost $1.56 a dozen. How much did the eggs appreciate (percent of increase)?

Show your work.​

Answers

Answer:

190%

Step-by-step explanation:

$1.56 is close to nearly 2x the value of $0.87

You can start by multiplying $0.87 by 2 to get $1.74

Now put $1.56 / $1.74

This gets you 0.89655172

By rounding this, you can get to 0.90

Move the decimal places two spots over to get a percentage = 90%

Since the eggs didn't decrease in value, you can add the 100% from the beginning of the problem.

100+90=190%

Which numbers are integers? Check all that apply.
04
-15
-10
2.5
0-4
0.13
ILL GIVE BRAINLIEST

Answers

Answer:
04
-15
-10
Integers cant be fractions, decimal amounts, or expressions
04,-15,-10 -4
Reason: integers cannot be mixed numbers/decimals

which ordered pair is the best estimate for the solution to the system?​

Answers

Answer:

(-2, 5)

Step-by-step explanation:

Plug each ordered pair in both equations and see if they fit in BOTH equations.

Which is the correct form of the partial fraction decomposition for the expression StartFraction 4 x cubed + 3 x squared Over (x + 1) squared (x squared + 7) squared EndFraction?

Answers

Given:

The expression is:

[tex]\dfrac{4x^3+3x^2}{(x+1)^2(x^2+7)}[/tex]

To find:

The correct form of the partial fraction decomposition for the given expression.

Solution:

We have,

[tex]\dfrac{4x^3+3x^2}{(x+1)^2(x^2+7)}[/tex]

By partial fraction decomposition, it can be written as:

[tex]\dfrac{4x^3+3x^2}{(x+1)^2(x^2+7)}=\dfrac{A}{x+1}+\dfrac{B}{(x+1)^2}+\dfrac{Cx+D}{x^2+7}[/tex]           ...(i)

[tex]\dfrac{4x^3+3x^2}{(x+1)^2(x^2+7)}=\dfrac{(x+1)^2(Cx+D)+(x+1)(x^2+7)A+(x^2+7)B}{(x+1)^2(x^2+7)}[/tex]

[tex]4x^3+3x^2=(x+1)^2(Cx+D)+(x+1)(x^2+7)A+(x^2+7)B[/tex]

[tex]4x^3+3x^2=x^3A+x^3C+x^2A+x^2B+2x^2C+x^2D+7xA+xC+2xD+7A+7B+D[/tex]

[tex]4x^3+3x^2=x^3(A+C)+x^2(A+B+2C+D)+x(7A+C+2D)+7A+7B+D[/tex]

On comparing both sides, we get

[tex]A+C=4[/tex]

[tex]A+B+2C+D=3[/tex]

[tex]7A+C+2D=0[/tex]

[tex]7A+7B+D=0[/tex]

On solving these equations, we get

[tex]A=\dfrac{23}{32},B=-\dfrac{1}{8},C=\dfrac{105}{32},D=-\dfrac{133}{32}[/tex]

Substituting these values in (i), we get

[tex]\dfrac{4x^3+3x^2}{(x+1)^2(x^2+7)}=\dfrac{\dfrac{23}{32}}{x+1}+\dfrac{-\dfrac{1}{8}}{(x+1)^2}+\dfrac{\dfrac{105}{32}x-\dfrac{133}{32}}{x^2+7}[/tex]

Therefore, the required partial fraction decomposition is:

[tex]\dfrac{4x^3+3x^2}{(x+1)^2(x^2+7)}=\dfrac{\dfrac{23}{32}}{x+1}+\dfrac{-\dfrac{1}{8}}{(x+1)^2}+\dfrac{\dfrac{105}{32}x-\dfrac{133}{32}}{x^2+7}[/tex]

Answer:

A on Edg

Step-by-step explanation:

got it right

Find the value of the polynomial:

Answers

Answer:

107

Step-by-step explanation:

5x⁶-3x²+7-2x⁶-3x⁶+4x²

= x²+7 (terms with x⁶ cancels out)

= (-10)²+7

= 100+7

= 107

How to find the area of this figure pls?

Answers

6 x 10 should be the answer

please help with this problem!

Answers

Answer:

Second option

Step-by-step explanation:

Let's assume that x is 1 and y is 3

a) [tex]\frac{1}{2}[/tex] < [tex]\frac{3}{2}[/tex] = true

b) -1 < -3 = false

c) 1+2 < 3+2 = true

d) 2 x 1 < 2 x 3 = true

18. The graph of f(x) = ax2 opens
upward and is narrower than the
graph of g(x) = x2. Which of the
following could be the value of a?

Answers

a could be any value less than 1

HELP!!!!!
If anyone knows the answer please tell me as soon as possible!!
PLEASE!!!!

Answers

Trapezoid, plot the points down on a graph
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