A person invests 1000 dollars in a bank. The bank pays 6.75% interest compounded monthly. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 2500 dollars?

Answers

Answer 1

Interest on interest, or compound interest, is the adding of interest to the principal sum of a loan or deposit. The time for which the person must leave the money in the bank until it reaches $2500 is 1.2.

What is compound interest?

Interest on interest, or compound interest, is the adding of interest to the principal sum of a loan or deposit. It's the outcome of reinvesting interest rather than paying it out so that interest is received on the principal plus previously collected interest in the next quarter.,

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

where A is the final amount

P is the principal amount

r is the rate of interest

n is the number of times interest is charged in a year

t is the number of years

The principal amount is 1000 dollars, while the rate of interest is 6.75% which is compounded monthly. Therefore, the time it will need for the account to reach $2500 is,

2500 = 1000[1+(0.0675/12)¹²ˣⁿ

2.5 = (1.0675)¹²ⁿ

log(2.5)\ log(1.0675) = 12n

14.0278 = 12n

n = 1.1689 ≈ 1.2

Hence, the time for which the person must leave the money in the bank until it reaches $2500 is 1.2.

Learn more about Compound Interest:

https://brainly.com/question/25857212

#SPJ1

Answer 2

Answer: 13.6 years

Step-by-step explanation: Dealta Math Answer


Related Questions


Suppose a high school student is selected at random.Let event A = junior and event B = earbuds. Are events A and B independent

Answers

Answer:

yes

Step-by-step explanation:

independence means the object or so are completely unreliant of eachother or does not have order.

for example a dependent situation would be sports players getting picked because there is order.

The annual profits for a company are given in the following table, where x represents the number of years since 2014, and y represents the profit in thousands of dollars. Write the linear regression equation that represents this set of data, rounding all coefficients to the nearest tenth. Using this equation, estimate the calendar year in which the profits would reach 144 thousand dollars.

Answers

The linear regression equation that represents this data set is equal to y = 11.7x + 48.2 and an estimate of the calendar year is 2022.

How to write the linear regression equation?

First of all, we would determine the slope of the given data set by using this formula:

[tex]Slope = \frac{\sum (x-\bar x)(y-\bar y)}{\sum (x-\bar x)^2}[/tex]

For the sample mean (years), we have:

∑x = 0 + 1 + 2 + 3

∑x = 6.

∑x² = 0² + 1² + 2² + 3²

∑x² = 14.

For the sample mean (profits), we have:

∑y = 46 + 57 + 84 + 76

∑y = 263.

∑xy = (0 × 46) + (1 × 57) + (2 × 84) + (3 × 76)

∑xy = 453.

Now, we can determine the slope:

[tex]Slope = \frac{4(453) - 6(263)}{4(14) - 6^2} \\\\Slope = \frac{234}{20}[/tex]

Slope, m = 11.7.

For the intercept, we have:

[tex]Intercept = \frac{14(263) - 6(453)}{4(14) - 6^2} \\\\Intercept = \frac{964}{20}[/tex]

Intercept, c = 48.2.

Therefore, the linear regression equation is given by:

y = 11.7x + 48.2.

Since the profit would reach 144,000 dollars, the calendar year would be calculated as follows:

144 = 11.7x + 48.2

11.7x = 144 - 48.2

11.7x = 95.8

x = 95.8/11.7

x = 8.2.

For the calendar year, we have:

Year = 2014 + 8.2

Year = 2022.2 2022.

Read more on linear regression here: https://brainly.com/question/16793283

#SPJ1

If a tree grew 5 feet in n years, what was the average rate at which the tree grew, in inches per year?

Answers

Answer:

0.01

Step-by-step explanation:

so i divided 5 by 365 because 365 days or in a year so 5/365=0.01369863013 and usually just said as 0.01

Hope This Helped

How do i solve this one

Answers

Answer:

900π

Step-by-step explanation:

Hello!

Radius

The radius is represented by the function [tex]r(t) = 15\sqrt{t +2}[/tex].

The radius of the ripple can be found when [tex]t=2[/tex]

Solve:

[tex]r(t) = 15\sqrt{t + 2[/tex][tex]r(2) = 15\sqrt{2 +2}[/tex][tex]r(2) = 15\sqrt4[/tex][tex]r(2) = 15*2[/tex][tex]r(2) = 30[/tex]

The radius of the ripple is 30 inches

Area

The area of a circle is calculated by the formula [tex]A = \pi r ^2[/tex]

Given the radius is 30, we can find the area of the circle.

Solve:

[tex]A = \pi r^2[/tex][tex]A = \pi (30^2)[/tex][tex]A = 900\pi\\[/tex]

PLEASE PLEASE PLEASE I HAVE 20 MINUNTES

Answers

Answer:

E. 38°

Explanation:

A rhombus has 360° interior angle.

Half of the other side has 180° angle.

Solve for x:

sum of interior angles = 180°

x + 14 + x + 14 + x + x = 180°

4x + 28° = 180°

4x = 180° - 28°

4x = 152°

x = 152°/4 = 38°

Sum of half interior angles=180°

So

x+x+14+x+x+14=1802x+2(x+14)=1802x+2x+28=1804x+28=1804x=152x=38°

Option E

Of the equations listed below, which represent functions that are linear?
1.y = 3x
II. y = 3x²
III. y
A. Equations I and III
B. Equation I only
C. Equations II and III
D. Equation II only ​

Answers

Answer:

c i think

Step-by-step explanation:

c because jesus told it was c

What is the maximum probability of committing a Type I error that the researcher is willing to commit? a. Critical values b. p-value c. Level of Significance d. Confidence level​

Answers

Answer:  c. Level of Significance

This is the alpha value

alpha is a greek letter with the symbol [tex]\alpha[/tex]

A type 1 error is when the researcher rejects the null, but the null was true (meaning the researcher shouldn't have rejected the null).

Give a non-zero counterexample to the following statement:

Every multiple of 10 is also a multiple of 30.

Answers

Answer:

20 or 40 or 50

(there are many others)

Step-by-step explanation:

A counterexample is an example that shows the statement is not true. The statement in this question is that if a number is a multiple of 10 (10, 20, 30, 40, 50, 60...) then it is a multiple of 30. Some numbers are, like 60 and 90, but not all numbers. So for example (counterexample) 20 is a multiple of 10 but NOT a multiple of 30.

40 is a multiple of 10, but NOT a multople of 30.

50 is a multiple of 10, but NOT a multiple of 30.


Gerald will be finishing his payments on his 5-year, $45,000 student loan and wants to know the amount of interest that he
paid over the course of the loan. The student loan has a 4.1% fixed interest rate that is compounded monthly. Calculate the
total amount of interest Gerald paid, rounding to the nearest cent.

Answers

Answer: 538

Step-by-step explanation: en verdad no sé pero eso fuelo que me salio

Which of these is not represented by one of the letters in PITI?
OA. Title
O
B. Principal
о C. Insurance
O
D. Interest

Answers

The option not represented by one of the letters in PITI is (a) Title

How to determine the letter not represented?

The acronym is give as:

PITI

The meaning of the above acronym is:

P -> PrincipalI ->InterestT -> TaxesI -> Insurance

From the list of given options, we can see that Title is not represented in the letters

Hence, the option not represented by one of the letters in PITI is (a) Title

Read more about PITI at:

https://brainly.com/question/1395659

#SPJ1

The option which is not represented by one of the letters in PITI is,

(a) Title

We have to given that,

The acronym is give as:

⇒ PITI

Since, We know that,

The full form of the above acronym PITI is:

P = Principal

I = Interest

T = Taxes

I = Insurance

Hence, From the list of given options, we can see that Title is not represented in the letters

Therefore, the option not represented by one of the letters in PITI is (a) Title

Learn more about the mathematical expression visit:

brainly.com/question/1859113

#SPJ6

Find the area of a regular polygon with 7 sides that has a side length of 6 inches and an apothem of 8 inches.

Area = [?]in2

Answers

Answer:

see the attachment photo!

the cost of a table is 5 times the chair what is the price of chair if the total is 1050​

Answers

Answer:

the cost of the chair is 175.

Step-by-step explanation:

if the chair is x, the table will be 5x

now,

the equation formed will be,

5x+x = 1050

on solving,

6x= 1050

x= 1050÷6

x= 175

therefore, the cost of the chair will be x= 175.

and the cost of the table will be 5x= 5×175 = 875.

hope it helps!!PLEASE MARK BRAINLIEST ♡

area of sector................................

Answers

Answer:

A ≈ 25.1 cm²

Step-by-step explanation:

the area (A) of the sector is calculated as

A = area of circle × fraction of circle

  = πr² × [tex]\frac{\frac{4\pi }{9} }{2\pi }[/tex]

  = π × 6² × [tex]\frac{\frac{4\pi }{9} }{2\pi }[/tex]

  = 36π × [tex]\frac{\frac{4\pi }{9} }{2\pi }[/tex]

  = 18 × [tex]\frac{4\pi }{9}[/tex]

  = 2 × 4π

  = 8π

  ≈ 25.1 cm² ( to the nearest tenth )

f(x) = -3x+1
g(x) = 3x² + 4x - 15
Find: f(g(x))

Answers

by saying f(g(x)) it means to put g(x) into f(x)
so we get:
-3(3x^2+4x-15)+1 => -9x^2-12x-14

Answer this for me please?

Answers

The volume of the rectangular prism is exactly (3/8) of a cubic inch.

How to get the volume of the rectangular prism?

Remember that for a rectangular prism of height H, length L, and width W, the volume is:

V = H*L*W

In this case, we have:

H = 1 inL = (3/4) inW = (1/2) in.

Then the volume of the rectangular prism is given by:

[tex]V = (1 in)*(\frac{3}{4} in)*(\frac{1}{2} in)= \frac{3}{4*2} in^3 = \frac{3}{8} in^3[/tex]

If you want to learn more about volumes, you can read:

https://brainly.com/question/23963432

#SPJ1

Does anyone know how to do this I’m really confused

Answers

Given:Pentagon To find:

The size of the unknown angle "x"

Solution:

The given polygon is a Pentagon so the sum of interior angle will be,

[tex]\large\boxed{Formula: ( n − 2 ) × 180}[/tex]

n means the number of sides

Let's substitute the values according to the formula.

[tex](5-2)×180[/tex]

[tex]=540°[/tex]

Now, we can find the sum of one interior angle.

[tex]\large\boxed{\frac{sum \: of \: interior \: angles}{n}}[/tex]

n means the number of sides.

Let's substitute the values according to the formula.

[tex]x=\frac{540}{5}[/tex]

[tex]\large\boxed{x= 108°}[/tex]

Therefore, the size of the unknown angle "x" is 108°

Ms. Lui earned an annual income of 775,000, what is the weekly salary?

Answers

Answer:

$14,903.85

Step-by-step explanation:

So, Ms. Lui earns $775,000 each year. To find the weekly salary, we have to divide the annual income by the amount of weeks in a year. There are about 52 weeks in one year. Let's find the weekly salary:

[tex]\frac{775000}{52} = 14,903.85[/tex]

Therefore, Ms. Lui earns $14,903.85 a week.

Hope this helps! If you have questions about my work, please leave them in the comments!

Find the value of x. Round to the nearest tenth. X A B 68° 13 x = [?] X Law of Sines; sin A 83° C​

Answers

Step-by-step explanation:

hope you have a great day

The value of x will be;

⇒ x = 13.9

What is mean by Triangle?

A triangle is a three sided polygon, which has three vertices and three angles which has the sum 180 degrees.

Given that;

The triangle is shown in figure.

Now,

Since, We know that;

The sine rule is;

⇒ sin A / a = sin B / b = sin C / c

By given figure, we get;

⇒ sin 83°  / x = sin 68° / 13

⇒ sin 83° × 13 / sin 68° = x

⇒ x = 0.99 × 13 / 0.92

⇒ x = 13.9

Learn more about the triangle visit:

https://brainly.com/question/17335144

#SPJ2

alex has a box of 250 nails. he uses 80 nails. then he loses 35 nails. how many nails does alex have left? what is the hidden question

Answers

The answer is 100+30+5

A play has tickets available for 8 orchestra seats and 12 balcony seats. The next person to buy a ticket will be randomly assigned to one of those seats. What is the probability that the next person will be assigned an orchestra seats?

Answers

The probability that the next person will be assigned an orchestra seats is 2/5.

What is Probability?

Probability can be defined as the ratio of the number of favorable outcomes to the total number of outcomes of an event.

Here, Available Orchestra seats = 8

            Balcony seats = 12

      Total available seats = 12 + 8 = 20

  Probability = Favorable Outcome / Total Outcome

  Probability of getting orchestra ticket = 8/20

                                                                 = 2/5

Thus, the probability that the next person will be assigned an orchestra seats is 2/5.

Learn more about Probability from:

https://brainly.com/question/14210034

#SPJ1

Does the equation xy + 6y = 9 define y as a function of x?
O Yes
O No

Answers

Answer:

no. a function doesnt contain an = sign

Step-by-step explanation:

Answer:

Yes, it is a function.

Explanation:

xy + 6y = 9

y(x + 6) = 9

y = 9/(x + 6)

It is a inverse variation function.

Where equation: xy = k               ["k" is constant]

Each value of x corresponds to a single value of y.

156, 153, 150, ...
Find the 46th term.

Answers

The 46th term of the arithmetic progression is 288.

What is an arithmetic progression?

An arithmetic progression is a series of numbers called a sequence and the difference from one interval to another is constant.

From the given information:

156, 153, 150, ...

The first term a = 156The common difference d = 3n = nth term

The 46th term will be:

[tex]\mathbf{a_{46} = a+ (n - 1) d}[/tex]

[tex]\mathbf{a_{46} = 153+ (46 - 1) 3}[/tex]

[tex]\mathbf{a_{46} = 153 + (45) 3}[/tex]

[tex]\mathbf{a_{46} =288}[/tex]

Learn more about calculating arithmetic progression here:

https://brainly.com/question/6561461

#SPJ1

A city’s population has been growing linearly. In 2008, the population was 28,200. By 2012, the population was 36,800. Assuming this trend continues, which of the following is a linear function that properly models the relationship between the town's population, P, and the years that have passed since 2008, t.

Answers

The linear function that models the relationship is P = 28,200 + 1950t.

What is the  linear function that models the relationship?

A linear function is a function that has a single variable raised to the power of 1. An example is x + 2

The first step is to determine the rate of increase in the population:

Rate of increase = (population in 2012 - population in 2008) / number of years

(36.000 - 28,200) / 4 = 1950

P = 28,200 + 1950t

To learn more about linear functions, please check: https://brainly.com/question/26434260

#SPJ1

The area of a circle with a diameter of 240

Answers

Answer:

in terms of pi: A = 14,400pi

A = 14,400(3.14) is 45,216

Step-by-step explanation:

Area of a circle is pir^2

Radius = diameter / 2

Radius = 240 / 2 which is 120

A = pi(120)^2

A = 14,400pi

Hi student, let me help you out! :)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

We are asked to find the area of a circle with a diameter of 240.

[tex]\triangle~\fbox{\bf{KEY:}}[/tex]

First of all, we need to find the radius.

We can find the radius by dividing the diameter by 2:

[tex]\star~\large\pmb{240\div2=120}[/tex]

The radius is 120. Now it's time to compute the area!

///\\\///\\\///\\\\////\\\///\\\///\\\///\\\///\\\///\\\///\\\///\\\///\\\///\\\////\\\///\\\///\\\///\\\

                                    Computing The Area

The formula for the area is:

[tex]\star~\large\pmb{Area_{(circle)}=\pi r^2}}[/tex]

See, there's the radius, r; we found a minute ago, and it equals 120 cm.

Now, substitute the value of r into the formula:

[tex]\begin{gathered} \sf{\longmapsto{A=\pi (120)^2} \\ \sf{\longmapsto{A=\pi\times14,400} \\ \sf{\longmapsto{A=45,238.9\;cm^2 \end[/tex]

Hope it helps you out! :D

Ask in comments if any queries arise.

#StudyWithBrainly

~Just a smiley person helping fellow students :)

question attached please help

Answers

Answer:

h(0.1) = 4.97

Step-by-step explanation:

See attached working :)

Remember that h(0.1) is the same as saying find what the equation is equal to when x = 0.1

what is the answer ???

Answers

Answer: Heyaa!~

                  - Write 63 as the product of prime factors -

Since, the prime factors of 63 are 3, 7. Therefore, the product of prime factors = 3 × 7 = 21.

              - Write the prime factors in ascending order -

                     I think it would be 3/7

         -   what's the highest common factor of 63 and 105   -

                21,  divides both 63 and 105, i.e., 21.

             Hopefully this helps you! ^^^

On March 26, Samuel Griffin deposited $20,000 in a savings account that pays 5 5% interest compounded daily until July 24.

Answers

5 days in march.

31 days in May

30 days in June

24 days through July

rate of 5% each day.

so about 90 days of interest daily.

So 5% of 20,000

5 percent *20000

= (5/100)*20000

= (5*20000)/100

= 100000/100 = 1000

So 1,000 a day

1,000 * 90

= 90,000

solve the following absolute value equation.

−8 − 2 |5X – 17| = −14

Answers

If 5x - 17 ≥ 0, then |5x - 17| = 5x - 17 and the equation reduces to

-8 - 2 (5x - 17) = -14

-8 - 10x + 34 = -14

-10x = -40

x = 4

If 5x - 17 < 0, then |5x - 17| = -(5x - 17) = -5x + 17 and we have

-8 - 2 (-5x + 17) = -14

-8 + 10x - 34 = -14

10x = 28

x = 2.8

Solve for x.

x³ = 216

Enter your answer in the box.

x =

Answers

[tex]x^3=216\\x=\sqrt[3]{216}=6[/tex]

This is a simple example. You (should) know that [tex]6^3=216[/tex].

But you can solve it like this:

[tex]\begin{array}{r|l}216&2\\108&2\\54&2\\27&3\\9&3\\3&3\\1\end{array}[/tex]

Therefore

[tex]\sqrt[3]{216}=\sqrt[3]{2^3\cdot3^3}=\sqrt[3]{2^3}\cdot\sqrt[3]{3^3}=2\cdot3=6[/tex]

Hi student, let me help you out! :)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

We are asked to find the value of x in the equation [tex]\pmb{x^3=216}[/tex].

[tex]\triangle~\fbox{\bf{KEY:}}[/tex]

The goal is to get x all by itself on one side of the equal sign.

Is x by itself? No, it's cubed, or multiplied times itself three times.

So we need to use the opposite operation.

The opposite of cubing is taking the cube root, so we take the cube root of both sides:

[tex]\star~\large\pmb{\sqrt[3]{x^3}=\sqrt[3]{216}}[/tex]

On the left, the cube root sign and the cube cancel, because they're opposite, and we're left with x.

On the right, we take the cube root of 216, which gives us:

[tex]\star~\large\pmb{x=6}[/tex]

Hope it helps you out! :D

Ask in comments if any queries arise.

#StudyWithBrainly

~Just a smiley person helping fellow students :)

Statistics

Assume there are 20 advanced English level students, 8 intermediate English
level students and 15 beginner English level students at statistics class. What
is the probability of selecting 10 advanced English level students and 10
non_ advanced English level students?

Answers

Answer:

no thank you sorry 4h he'll be a great day of school and I have been a while ago but it's a good time 44

Answer:

o

Step-by-step explanation:

Other Questions
PLEASE I NEED THE ANSWER (JUST THE ANSWER) When accepting a food delivery you should check for the following EXCEPT:Clean and undamaged packagingProducts delivered at proper temperaturesSigns of spoilageCondition of the delivery truck Describe the paradox of Juliet's situation during Act III. (in Romeo and Juliet) Davy made a model of the water cycle by adding some water inside a plastic bag, sealing the bag, and placing it in a sunny area. he noticed that the level of the water went down, and then some droplets appeared on the sides of the bag. which part of the water cycle caused water droplets to form on the side of the plastic bag? condensation evaporation precipitation runoff Please help me with this! Select the three areas in which it would be most important for an instructional designer to be trained. psychology psychology computer applications computer applications educational theory educational theory business management business management sales and marketing sales and marketing] DL is a perpendicular bisector of chord GA. Identify the diameter. This plants seeds spread so that new plants will grow, which way will the seeds most likely spread. what are the functions of plasma membrane??btw hii Grace buys a set of 14 notebooks. Each notebook has 85 pages. What is the total number of pages for all the notebooks? Diana wants to find a therapist who will help her explore her unconscious motivations and how her early childhood experiences are affecting her now. She should look for a therapist with a _____ perspective. Group of answer choices sociocultural humanistic biological psychoanalytic 7. Which of the following was most clearly NOT a consequence of the Second World War?(A) The independence of BrazilB The independence of Indonesiac) The nuclear standoff between the Soviet Union and the United StatesD) The democratic constitution of JapanE) The division of Berlin Marcel Duchamp's L.H.O.O.Q. is an example of Group of answer choices De Stijl. Dada. Constructivism. Surrealism. If workers are likely to be exposed to fall dangers, what kinds of trainings must their employers provide?. a que hora te despertaste hoy? Q cosas le dice Blasco a Carlos para convencerle q compre su troca Discuss wheter young generation be obedient to elder write both sides of the story Why does the media play such an important role in our personal freedom? Select 3 options.It holds government accountable.It holds government accountable.It promotes self-expression.It promotes self-expression.It spreads governments views.It spreads governments views.It keeps us informed.It keeps us informed.It keeps us entertained.It keeps us entertained. Which is an x-intercept of the continuous function in the table ? (0, - 6); (3, 0); (- 6, 0) O (0, 3) B. Use the polite phrases in the box to ask permission for items. Would you mind if I...? Would it be alright if I...? Is it OK if I...? I wonder if it might be possible to... Is it alright if I...? DO you mind if I...? May I...? I wonder if I could... 1. Ask if you can borrow something. _______________________________ 2. Ask if you can leave your bag here. _______________________________3. Ask if you can have another worksheet. ___________________________________________________ 4. Ask someone if they can open the window. ______________________________________________________ 5. Ask someone if they can turn the music down. _______________________________________________________ 6. Ask someone if they can lend your friend some money. __________________________________________________