A person invests 9000 dollars in a bank. The bank pays 4.25% interest compounded daily. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 19600?

Answers

Answer 1

The person must invest the money in the bank for 18 years to reach $19600, if a person invests 9000 dollars in a bank and the bank pays 4.25% interest compounded daily.

Step-by-step explanation:

The given is,

                       A person invests 9000 dollars in a bank      

                      The bank pays 4.25% interest compounded daily

                      Future amount $19600

Step:1

                     Formula to calculate the future investment with compounded daily,

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

                   Where, A - Future amount

                                P - Initial investment

                                r - Interested rate

                                n - No.of times for a year

                                t - No.of years

Step:2

              From the given values,

                      A = $ 19600

                      P = $ 9000

                       r = 4.25 %

                      n = 365  ( ∵ Compounded daily )

           Equation (1) becomes,

                                        [tex]19600 = 9000(1+\frac{0.0425}{365})^{365t}[/tex]

                                         [tex]\frac{19600}{9000}= (1+0.000116438)^{365t}[/tex]

                                   [tex]2.177778=(1.000116438)^{365t}[/tex]

            ( Take log on both sides )

                               [tex]log 2.17778= log (1.000116438)^{365t}[/tex]

                               [tex]log 2.17778=( 365t)log (1.000116438)[/tex]

           Substitute the log values,

                                  [tex]0.338014 = (365t)(0.000050565)[/tex]

                                [tex]\frac{0.338014}{0.000050565}= 365t[/tex]

                                [tex]6684.6842 = 365t[/tex]

                                              [tex]t = \frac{6684.6842}{365}[/tex]

                                                 = 18.314

                                                 ≅ 18 years

                          No.of years, t = 18 years

Result:

              The person must invest the money in the bank for 18 years to reach $19600, if a person invests 9000 dollars in a bank and the bank pays 4.25% interest compounded daily.

Answer 2

It will take approximately 18.4years for the person to make 19600

The formula for calculating the compound amount is expressed as:

[tex]A=P(1+\frac{r}{n} )^{nt}[/tex] where:

A is the amount

P is the amount invested

n is the compounding amount

t is the time taken

Given the following parameters

A =  19600

P = 9000

r = 4.25% = 0.0425

n = 365 (compounded daily)

Substitute the given parameters into the formula to get the time "t"

[tex]19600 = 9000(1+\frac{0.0425}{365} )^{365t}\\2.1778 = (1+0.0001164)^{365t}\\2.1778 = (1.0001164)^{365t}\\log2.1778 = 365tlog(1.0001164)\\0.3380 = 0.0184t\\t = \frac{0.3380}{0.0184} \\t \approx 18yrs[/tex]

Hence it will take approximately 18.4years for the person to make 19600

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Related Questions

A screen door spring has a spring constant of 188 N/m, and stretches 0.292 m when the door is opened. What force does it exert?

(Unit = N)

Answers

Answer:

The answer is 54.896N

Step-by-step explanation:

From Hooke's law,

Force = spring constant x extension

i.e

F = k x e

F = 188N/m x 0.292m

F = 54.896N

Answer:

54.846N

Step-by-step explanation:

Force = ?

Spring constant (K) = 188N/m

Spring stretch (x) = 0.292m

Force acting on a spring = spring constant * spring stretch

Force = 188 * 0.292

Force = 54.896N

The force acting on the spring is 54.896N

What mistakes did Cassandra make? check all that apply

Answers

Answer: Where are the answers to choose from?

Step-by-step explanation:

Answer:

For the E D G E N U I T Y people

Step-by-step explanation:

hopefully i’ve helped you luv

The following graph represents changes in the real estate market in a given area over a period of 28 years. A graph titled Housing Price Index has years on the x-axis. From 0 to 2, the price is steady; from 2 to 4, increases; from 4 to 6, decreases; from 6 to 8, is steady; from 8 to 10, increases rapidly; from 10 to 20, decreases; from 20 to 28, increases. Using this information, consider the three following real estate investment strategies, and rank them from least to greatest according to how much profit they would likely make in this market, assuming that each of them purchased a house in this area at year 0. I. A house flipper, seeking to sell the house as soon as doing so becomes profitable, sells after 4 years. II. A long-term investor, seeking to hold onto the house for a long time, sells after 23 years. III. A moderate-term investor who will sell the house once it reaches a certain price, sells after 11 years. a. I, II, III b. II, I, III c. III, I, II d. Each of them will make roughly as much profit as the others.

Answers

Answer:

B.

II, I, III

Step-by-step explanation:

Just took test on Edge 2021

Answer:

its B. II, I, II

Chaz needs $4.77 for new batteries. He has $2.80. How much more money does he need?

Answers

Answer:

1.97

Step-by-step explanation

2.80 + n=4.77

4.77 - 2.80= 1.97

Answer:

$ 1.97

Step-by-step explanation:

Need = 4.77 - 2.80 = 1.97

What is the value of x in the equation 2x + 3y = 36, when y = 6?​

Answers

Answer:

9

Step-by-step explanation:

2x+3(6)=36

2x+18=36

   -18=  -18

2x=18

___  ___

2       2

x=9

To find the value of x, substitute/plug in 6 into "y" since y = 6, then isolate/get the variable "x" by itself in the equation:

2x + 3y = 36      Plug in 6 into "y"

2x + 3(6) = 36

2x + 18 = 36     Subtract 18 on both sides

2x = 18    Divide 2 on both sides to get "x" by itself

x = 9

PROOF

2x + 3y = 36      Plug in 6 into "y" and 9 into "x"

2(9) + 3(6) = 36

18 + 18 = 36

36 = 36

Find the value of X, X is a radius.
A- 11.6
B- 12.4
C- 6.7
D- 8.0

Answers

C -6.7 because it’s easy I used to to this in my math class all the time

The time, t, in hours, it takes to get to a certain destination varies indirectly as the speed of the car, s. If it takes 3.25 hours at a speed of 72 mph to reach a destination, how many hours will it take to reach the same destination at a speed of 36 mph?
A. 14.625
B. 6.5
C. 13
D. 1.625

Answers

Answer:

the answer is D

Step-by-step explanation:

Answer:

B. 6.5

Step-by-step explanation:

If we're going somewhere at half the speed, it will take double the time. 36/72 = 1/2, and 6.5/3.25 = 2.

Simplify the variable expression.
14a +(-3a)

Answers

Answer:

[tex]\huge\boxed{14a+(-3a)=11a}[/tex]

Step-by-step explanation:

[tex]14a+(-3a)\qquad(+)(-)=(-)(+)=(-)\\\\=14a-3a\qquad\text{combine like terms}\\\\=(14-3)a=11a[/tex]

Answer:

11a

Step-by-step explanation:

The addition sign does not add the coefficients together. It will already be subtraction with the negative 3a. So, that means the new equation is 14a-3a, then subtracting 14-3 equates to 11.

Which graph represents the function f(x)= 0.2^x + 3

Answers

The third graph or bottom left graph represents [tex]f(x) = 0.2^{x} + 3.[/tex]

Step-by-step explanation:

Step 1:

To determine which of the given graphs represents the equation [tex]f(x) = 0.2^{x} + 3[/tex], we substitute some values in the place of x.

When [tex]x=0,[/tex] [tex]f(x) = 0.2^{x} + 3, f(0) = 0.2^{0} + 3= 4.[/tex]

Anything with an exponent of 0 will equal 1.

So the graphs on the right side cannot be the answers.

Step 2:

Now we substitute another value to determine which graph represents [tex]f(x) = 0.2^{x} + 3.[/tex]

When [tex]x=1,[/tex] [tex]f(x) = 0.2^{x} + 3, f(1) = 0.2^{1} + 3= 4.2.[/tex]

The value of f(x) when [tex]x=1[/tex] is lesser than the value of f(x) when [tex]x =0.[/tex]

So the third graph or bottom left graph represents [tex]f(x) = 0.2^{x} + 3.[/tex]

which problem situation corresponds the equation 12.5 + x = 62.5


i need help please!!!!!

Answers

Answer:

x = 50

Step-by-step explanation:

take away 12.5 from both sides to get x alone on one side and numbers alone on one side

x = 50

Omar and Caleb each had a repair made on their cars. The initial cost of each repair is $1,000. Omar and Caleb each have two coupons. Each of them uses both of his coupons toward the cost of the repair. One coupon is for $80 off the repair cost. The other coupon is for 15% off the repair cost. Omar and Caleb use their coupons in a different order, as shown below. •Omar uses the $80 off the repair cost coupon first. He then uses the 15% off the repair cost coupon on the remaining balance. •Caleb uses the 15% off the repair cost coupon first. He then uses the $80 off the repair cost coupon on the remaining balance. Who paid the least amount of money for his car repair and how much less did he pay? Show all work HELP PLEASE SO I WON'T FAIL THEN I won't GET A CARRR

Answers

Answer:

Caleb paid $12 less

Step-by-step explanation:

Omar

1. $80 off

$1000 - $80 = $920

2. 15% off

$920- 15% = $920 * 0.85 = $782

Omar paid for repair: $782  

Caleb

1. 15% off

$1000 - 15% = $1000*0.85 = $850

2. $80 off

$850 - $80 = $770

Caleb paid for repair: $770

As per above:

$782 - 770 = $12

Caleb paid $12 less than Omar for his car repair.

Final answer:

Omar and Caleb had car repairs costing $1,000. By utilizing coupons differently, Caleb paid $12 less than Omar for the repair.

Explanation:

Omar and Caleb each had a repair made on their cars costing $1,000 initially. Omar used the $80 coupon first and then the 15% coupon. Caleb used the 15% coupon first and then the $80 coupon.

Omar: $1,000 - $80 = $920 remaining, then 15% off: $920 - 0.15*$920 = $782

Caleb: $1,000 - 0.15*$1,000 = $850 remaining, then $80 off: $850 - $80 = $770

Caleb paid less by $12 compared to Omar for his car repair.

How many customers were kept on hold for less than 25 seconds?

Answers

Answer:

54 customers

Step-by-step explanation:

Add them all together:

9 + 9 + 0 + 1 + 2 + 5 + 6 + 3 + 5 + 9 + 0 + 5

= 18 + 3 + 11 + 8 + 14

= 32 + 22

= 54

Answer: 54 Customers

Step-by-step explanation: From what i can see, it shows 3 sets of customers, all the seconds added together would be 54

9 + 9 = 18

0 + 1 + 2 + 5 + 6 = 14

3 + 5 + 9 = 17

0 + 5 = 5

now, add it all together

18 + 14 + 17 + 5 = 54

What does the ordered pair (2,3) represent?

Answers

Given:

It is given that the graph represents the cup of sugar per cookies (dozens)

The x - axis represents the Sugar (cups)

The y - axis represents the Cookies (dozens)

We need to determine what the coordinate (2,3) represent.

Coordinate (2,3) represent:

Since, x - axis represents the Sugar (cups) and the y - axis represents the Cookies (dozens), it can be written in coordinate as (x,y)

Now, we shall determine what the coordinate (2,3) represent.

Comparing the coordinates, we get;

[tex](x,y)\implies (2,3)[/tex]

Thus, the x - value (x = 2) represents the Sugar (cups) and the y - value (y = 3) represents the Cookies (dozens).

Hence, the ordered pair (2,3) represents 2 cups of sugar yield 3 dozen cookies.

Therefore, Option c is the correct answer.

The ordered pair (2,3) represent that 2 cups of sugar yield 3 dozens of cookies.

In the given graph, x - axis represent that number of sugar cups and  y - axis represent that corresponding dozen of cookies.

So that, in an order pair (x, y) , x- cups of sugar yield y -  dozens of cookies.

Therefore,  The ordered pair (2,3) represent that 2 cups of sugar yield 3 dozens of cookies.

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Two pentagons are similar. So, their corresponding sides must have the same lengths.


TrueFalse

Answers

Answer:

False because they are similar not exactly alike.

Find the area of the figure.​

Answers

Answer:

98 ft ^2

Step-by-step explanation:

big triangle: (find the area of the space between)

bh/2

(14 x 14) /2 = 98

square: 14 x 14 = 196

196 - 98 = 98.

Determine the missing information in the paragraph proof. Given: Lines a and c intersect at point S, creating 4 angles. Prove: Corresponding angles are congruent. Lines a and c intersect at point S. Line c is diagonal and also contains points R, Q, P. Line a is horizontal and also contains points U, T. We are given that lines a and c intersect at point S. Translate line a down line c until point S reaches point Q. Call the new line through Q line b. Because translations preserve orientation, lines a and b are ________. Because translations preserve angle measure, ∠RSU ≅ ∠RQU'. For the same reason, ∠RST ≅ ∠RQT', ∠PSU ≅ ∠PQU', and ∠PST ≅ ∠PQT'. Each of the angle pairs are corresponding angles. Therefore, corresponding angles are congruent. parallel perpendicular congruent reflected

Answers

Answer:

©The answer is Parallel

Step-by-step explanation:

Answer:

Parallel

Step-by-step explanation:

y’all should help on this ASAP

Answers

Answer:

The sales are going up higher and sometimes going down.

Step-by-step explanation:

convert 15/125 to a decimal using long division

Answers

The answer is 0.12 and I did it using long division...

Answer:

         

15√125

      000.015

      000.075

      000.03

=     000.12   = 0.12  

We show the inverse; 0.12 x 125

 12.0

  2.4

+ 0.60

= 15  = inverse of 0.12  

Step-by-step explanation:

15/125 = 0.12

Can someone help me with this ?

Answers

Final answer:

The question lacks sufficient detail to determine the subject or grade level; the student is requested to provide more information for an accurate response.

Explanation:

It appears there was some confusion in the question you have asked. Unfortunately, without specific details, it is difficult to determine the subject or grade level associated with your question.

To provide a detailed and accurate answer, it's important to have the full context of the question.

Please provide additional information or clarify your question by including the subject matter and the specific details of the schoolwork problem you are encountering. Once you provide the necessary details, I would be more than happy to assist you.

Remember, the more specific you are in your query, the more precise and helpful the guidance can be.

Can someone check this if it is right or wrong

Answers

check what ? there’s nothing there

If the mean of the data set is 35 apples find the number of apples on the Granny Smith tree

Answers

35apples:

The number of apples on the Granny Smith tree can be found by looking at the mean of the data set, which in this case is 35 apples.

To determine the number of apples on the Granny Smith tree, just consider that the mean represents the average value of the data set.

Since the mean is 35, then you can conclude that there are 35 apples on the Granny Smith tree.

The number of apples in the Granny Smith tree is 41.

To find the number of apples in the Granny Smith tree, we can use the fact that the mean (average) of the data set is 35 apples. The mean is calculated by summing up all the values and dividing by the total number of values.

Let x be the number of apples in the Granny Smith tree.

The mean of the data set can be calculated as:

[tex]\[ \text{Mean} = \frac{\text{Sum of all values}}{\text{Number of values}} \]For the given data set, the sum of all values is \( 34 + 29 + 36 + x \), and there are 4 values in total.[/tex]

So, we have the equation:

[tex]\[ 35 = \frac{34 + 29 + 36 + x}{4} \]Now, let's solve for \( x \):\[ 35 \times 4 = 34 + 29 + 36 + x \]\[ 140 = 99 + x \]\[ x = 140 - 99 \]\[ x = 41 \][/tex]

Therefore, the number of apples in the Granny Smith tree is 41.

Complete question:

The following table shows the number of apples on each apple tree in Craig’s backyard. If the mean of the data set is 35 apples, find the number of apples in the Granny Smith tree.

Which steps should be used to compare the fractions 2 Over 9 and 5 Over 6?

Answers

Answer: 2/9 5/6

Step-by-step explanation:

Find the common denominator

In the diagram, angle abc is a right angle. Find the value of x

Show full working out pls ty

Answers

Answer:

x = 3.75

Step-by-step explanation:

ABC is a right angled triangle.

Therefore, by Pythagoras theorem:

[tex] {(10 - x)}^{2} = {x}^{2} + {5}^{2} \\ 100 - 20x + {x}^{2} = {x}^{2} + 25 \\ 100 - 20x = 25 \\ - 20x = 25 - 100 \\ - 20x = - 75 \\ x = \frac{ - 75}{ - 20} \\ \: \: \huge \red { \boxed{x = 3.75}}[/tex]

what is 5/12 divided by 12

Answers

the answer is 0.0347

Answer:

5/144 is the answer of  5/12 divided by 12.

Step-by-step explanation:

A special form of the hyperbola is called:

Answers

Answer: Branches

Step-by-step explanation:

A hyperbola has two matching halves called branches

six more than the product of four times the difference between x and 3
When x=8

Answers

Answer:

26

Step-by-step explanation:

Six more than four times the difference between x and 3

6+4(x-3)

And x is said to be 8

So let's substitute

6+4(8-3)

6+4(5)

6+20

26

So the final answer is 26

Answer: 26

Step-by-step explanation:

ASAP!!!!! !!
I need help, it’s urgent please!!!

Answers

Answer: A

Step-by-step explanation: Because if an ecosystem has a high biodiversity, then it’s most likely to survive things like an invasive species for example

Find the median, lower quartile, and upper quartile for the set of data. 4, 1, 11, 8, 2, 9, 7, 6, 10, 5 Median = Lower quartile = Upper quartile =

Answers

Answer:

the answer is 6.5, 4, and 9.

Step-by-step explanation:

The median is 6.5.

The lower quartile is 4.

The upper quartile is 9.

What is a median?

It is the middle value of the given set of numbers after arranging the given set of numbers in order.

We have,

To find the median, we need to first put the data in order:

1, 2, 4, 5, 6, 7, 8, 9, 10, 11

There are 10 numbers in the data set, so the median is the average of the two middle numbers:

Median = (6 + 7)/2 = 6.5

To find the lower quartile, we need to find the median of the lower half of the data set: 1, 2, 4, 5, 6

There are 5 numbers in the lower half, so the median is the middle number:

Lower quartile = 4

To find the upper quartile, we need to find the median of the upper half of the data set: 7, 8, 9, 10, 11

There are 5 numbers in the upper half, so the median is the middle number:

Upper quartile = 9

Thus,

The median, lower quartile, and upper quartile are 6.5, 4, and 9.

Learn more about median here:

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#SPJ3

how do i find length of surface area

Answers

Step-by-step explanation:

Label the length, width, and height of your rectangular prism.

Look at the six faces of the prism.

Find the area of the bottom face.

Find the area of the top face.

Find the area of the front and back faces.

Find the area of the left and right faces.

Add the six areas together.

hope this helps. :)

have a nice day.

Explain step by step how you factor:
6x^2+ 11x + 3

Answers

Answer:

6x^2+ 11x + 3

= (3x +1) (2x +3)

Step-by-step explanation:

Math Term Definition. Factor. To factor a number means to break it up into numbers that can be multiplied together to get the original number. EXAMPLES: 6 = 3 x 2 so, factors of 6 are 3 and 2 9 = 3 x 3 so, factors of 9 are 3 and 3 Sometimes, numbers can be factored into different combinations.

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