If you invest $18000 at an interest rate of 6.7%, compound quarterly, find the time needed for your investments to be worth $23,000

Answers

Answer 1

It will take approximately 5.5 years for the investment to be worth $23,000

Compound interest

From the question, we are to determine when the investments will worth $23,000

Using the compound interest formula,

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

Where A is the amount

P is the principal

r is rate

n is the number of times it is compounded

and t is the time in years

From the given information,

A = $23000

P =$18000

r = 6.7%

n = 4

t = ?

Putting the parameters into the formula, we get

[tex]23000 = 18000(1+\frac{6.7}{100 \times 4})^{4t}[/tex]

[tex]\frac{23000}{18000} = (1.01675)^{4t}[/tex]

[tex]1.4375= (1.01675)^{4t}[/tex]

[tex]1.4375 = (1.0687)^{t}[/tex]

t = 5.46

t ≅ 5.5 years

Hence, it will take approximately 5.5 years for the investment to be worth $23,000

Learn more on Compound interest here: https://brainly.com/question/24924853

#SPJ1


Related Questions

annie has some sweets. teddy gives her some sweets and she now has 50% more . rosie gives her some sweets and she now has an extra 40% . annie now has 63 sweets. how many did she have originally

Answers

Using proportions, considering the amount she received from each person, it is found that Annie had 30 sweets originally.

What is a proportion?

A proportion is a fraction of a total amount, and the measures are related using a rule of three.

In this problem, we have that:

Initially, she had n sweets.With the ones she got from Teddy, the amount became 1.5n.With the amount from Rosie, the amount became 1.4 x 1.5 x n.

The final amount was of 63, hence:

1.4 x 1.5 x n = 63

n = 63/(1.4 x 1.5)

n = 30.

Annie had 30 sweets originally.

More can be learned about proportions at https://brainly.com/question/24372153

#SPJ1

find the slope of the line
x-intercept is twice as y-intercept​

Answers

Answer:

-1/2

Step-by-step explanation:

It mentions that the x-intercept is equal to twice the y-intercept.

=============================================================

Let :

⇒ x-intercept = (2a, 0)

⇒ y-intercept = (0, a)

==============================================================

Slope formula :

m = y₂ - y₁ / x₂ - x₁

=============================================================

Solving :

⇒ m = a - 0 / 0 - 2a

⇒ m = a / -2a

⇒ m = -1/2

Any ideas for solving this beast

Answers

Answer:

option c

Step-by-step explanation:

A beverage company produces cans of lemonade. According to the label a can contains a volume of 375mL of lemonade. A consumer group tested this claim by measuring the volume of lemonade in 2,500 cans. They found that the volume was normally distributed with a standard deviation of 5mL and a mean of 372mL.

If a can is chosen at random, find:

P (its volume is ≥382mL)

Answers

The probability that the volume of a can chosen at random is ≥382 is 0.47725

Normal distribution probability

Probability is the likelihood or chance that an event will occur. For the given question, we need to calculate the  z value as shown;

[tex]z=\dfrac{x-\mu}{\sigma}[/tex]

Given the following parameters

[tex]x=382mL\\\mu (mean)=372mL\\\sigma(S.D)=5mL[/tex]

Substitute

[tex]z=\dfrac{382-372}{5} \\z=\dfrac{10}{5}\\ z=2[/tex]

In order to calculate the probability that the volume of a can chosen at random is ≥382, we will look for (z≥2)

z≥2 according to probability table is equivalent to 0.47725

Learn more on normal distribution here: https://brainly.com/question/26822684

#SPJ1

Find the 24th term of the sequence:

11, 16, 21, . . .

Answers

Answer:

126

Step-by-step explanation:

The difference between the first two terms of this sequence is 5 (16 - 11 = 5). The difference between the second and third terms of this sequence is also 5 (21 - 16 = 5).

So, we can assume that the difference between each term in this sequence is 5. To get from the first term (11) to the second term (16) we had to add 5 once. (or, add 5  x 1 [time])

To get from the first term (11) to third (21), we had to add 5 twice

(or, add 5 x2)

*repeated addition, such as 5+5+5 is the same thing as multiplication. If we are adding 5 three times, we will get the same outcome as 5 x 3.

So, to get from the first term (11) to the 24th term, we will have to add 5 23 times, or 5 x 23

5 x 23 = 115

11 + 115 = 126

Making 126 the 24th term of the sequence

Alison is buying binders for school. Small binders cost $3 each, and large binders cost $5 each. If Alison needs to buy at least 12 binders and has no more than $45 to spend, what is the maximum number of large binders she can buy?

a. 4

b 5

c 8

d 9

Answers

Answer:

9

Step-by-step explanation:

Answer:

4 large folders     ( and 8 small folders....with $ 1 left over)

Step-by-step explanation:

x = small    y = large folders

x+y >= 12      x >= 12-y

3x + 5y <= 45

3 (12-y) + 5y <=45

36 -3y + 5y <= 45

    y <= 4.5               you cannot buy .5 of a large folder, so 4 large folders

Jenny wants to start an after-school club, so she decides to survey the student body to determine which club would be the most popular: French Club, Architecture Club, or Anime Club. She decides (with Mrs. Howell's permission) to survey the first 25 students who show up to her class one day.

Does her survey comprise an accurate representation of the Reach student body? Why or why not?​

Answers

Answer:

no because it just reaches one class, not the student body

Step-by-step explanation:

Help please

1.In ∆ABC, how many triangles are formed given: a=10 cm, b=18 cm, c=105°?

A. 1
B. 2
C. 3
D. None

2. In ∆ABC, if <A is obtuse and a<c, then how many triangle/s can be formed?

A. 1
B.2
C. 3
D. None​

Answers

For questions 1 and 2 options, A and D are correct respectively.

What is the triangle?

A triangle is a three-sided polygon. It is one of the most fundamental geometric forms.

1. In ∆ABC,

a=10 cm, b=18 cm, c=∠105°

For the given data only one triangle is formed. Option A is correct.

2. In ∆ABC, if <A is obtuse and a<c,

An obtuse angle is an angle more than the 90°.The given condition is wrong. None of the triangle is formed from the given options.

Hence for questions 1 and 2 options A and D are correct respectively.

To learn more about the triangle, refer to:

https://brainly.com/question/2773823

#SPJ1

I’m struggling to answer this can someone please help me I would highly appreciate it

Answers

Answer:

Not similar

Step-by-step explanation:

If you have scratch paper, its best to label the angles and sides given. You can also rotate the orientation of one of the triangles if that helps visually.

First lets look at the sides.

Notice the common factor between side AB and side XY.

14/7=2

Notice the common factor between side AC and side XZ.

22/11=2

So far so good right? Well, IF these triangles are similar, that means that angle X must correspond to angle A. Since corresponding angles of similar triangles are equal to each other, lets check of angle X is equal to angle A.

Angle X = 29 degrees

Angle A = 28 degrees

28 does not equal 29 degrees. Therefore, the triangles are not similar. If angles X and A were equal, than the triangles would have been similar due to the Side-Angle-Side rule (SAS).

Which angle in the figure is a right angle?

A. ∠STU

B. ∠TSR

C. ∠TUS

D. I don't know.

Answers

Answer:

∠TUS I'm pretty sure because t and u make a right angle

Danny attempted to complete a 500 piece puzzle. By the end of the night, he places p pieces in the puzzle correctly, which expression shows how many more pieces he needs to add to the puzzle to complete it

Answers

The expression that shows how many more pieces he needs to add to the puzzle to complete it is 500 - p

How to determine the expression?

The given parameters are:

Total = 500

Correct = p

The remaining piece is calculated using:

Total =Correct + Remaining

Substitute known values

p + Remaining = 500

Subtract p from both sides

Remaining = 500 - p

Hence, the expression is 500 - p

Read more about expressions at:

https://brainly.com/question/723406

#SPJ1

function or not a function?

Answers

Answer:

function

Step-by-step explanation:

no repeated domain means its a function

Solve for all values of y in simplest form.
21 = |7y|
Answer: y =
Submit Answer

Answers

Answer: y= ±3

Explanation: 21/7=3 BUT the absolute sign mean no matter whats inside the sign the outcome will always be positive afterwards , so it can be a positive or negative 3.

The coordinates (1, 1), (1, 3), (3, 3), and (x, y) form a square when graphed on a coordinate plane. Which ordered pair would be the fourth vertex of the square? A (3, 1) B (1,3) C (3,5) D (3, 0
)​

Answers

Answer:

3,1

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

how many whole weeks are in a year

Answers

Answer:

52 weeks are there in a year

Step-by-step explanation:

365/7

Karen needs to make a total of 60 deliveries this week. So far she has completed 33 of them What percentage of her total deliveries has Karen completed?

Answers

Answer:

55%

Step-by-step explanation:

(33/60) * 100

leave a comment if u need further explanation

Is the distribution of all values of the statistic when all possible samples of the same size n are taken from the same population.

Answers

The distribution of the values obtained from a simple random sample of size n from the same population is incorrect.

What is sampling distribution?

The sampling distribution of a statistic of size n is the distribution of the values obtained from a simple random sample of size n from the same population.

The sampling distribution is the process of getting a sample through simple random techniques from the sample population.

So, it is incorrect that the distribution of all values of the statistic when all possible samples of the same size n are taken from the same population.

Learn more about sampling distribution  here:

https://brainly.com/question/3663642

#SPJ1


A cube has side length 3 inches. A sphere has a radius of
3 inches. (Lesson 5-16)
a. Before doing any calculations, predict which solid has greater surface
area to volume ratio.
b. Calculate the surface area, volume, and surface area to volume ratio for
each solid.

Answers

I predict that the solid with the  greater surface area to volume ratio would be the cube.

The volume of the cube is 27in³

The surface area of the cube is

The ratio of surface area to volume for the cube is 2.

The volume of the sphere is 113.14 in³

The surface area of the sphere is 113.14 in²

The ratio of surface area to volume is 1.

What is the surface area and volume of each solid?

The volume of a cube = side length³

3³ = 27 in³

The surface area of a cube = 6a²

a = side length

6 x (3²) = 54 inches²

Ratio of surface area to volume = 54 / 27 = 2

The volume of the sphere= 4/3πr³

4/3 x 22/7 x 3³ = 113.14 in³

The surface area of the sphere = 4πr²

4 x 22/7 x 3² = 113.14 in²

Ratio of surface area to volume = 113.14 / 113.14 = 1

To learn more about the volume of a cube, please check: https://brainly.com/question/26406747

#SPJ1

Maria's car has a gas mileage of 31 miles per gallon. How many miles can Maria travel on 9 gallons of gas?

Answers

Answer:

279 miles

Step-by-step explanation:

31 miles/gal  *  9 gallons = 279 miles

WILL GIVE BRAINLIEST Help me please! The questions are in the photos below.

Answers

Triangle PQR is given to be a right triangle, so the Pythagorean theorem can be used to determine that RQ² + PR² = PQ².

What is Pythagorean theorem?

Pythagorean theorem is a mathematical expression in Euclidean geometry that can be used to solve for any of the three (3) side lengths of a right triangle.

Mathematically, Pythagorean's theorem is given by this formula:

x² + y² = z²

Triangle PQR is given to be a right triangle, so the Pythagorean theorem can be used to determine that RQ² + PR² = PQ². It is given that  x² + y² = z² in triangle ABC, so z² = PQ² or AB = PQ.

The above information shows that the triangles are congruent because their three (3) sides are congruent. Therefore, to show that triangle PQR is a right triangle, we can use corresponding parts of the congruent triangles to show that PQ = AB, PR = AC and QR = BC.

Read more on Pythagorean theorem here: https://brainly.com/question/23200848

#SPJ1

Question 10 solve for me please

Answers

Answer: D.

Step-by-step explanation:

x + 3 > 2       Original equation

x > -1             Subtract 3 on both sides

Number line that has an open circle and on -1 that goes right = D.

please help it says to choose one or more!

Answers

Answer:

it's A And C

Step-by-step explanation:

Always remember:beluga always love answer your question by following these steps:Follow belugaask meBrainliest me first oktake note please: everyone i answer question I got happy:)please don't delete Your question beacause Brainliest Marks & pointswill be lose

Answer: it’s A and C (45 ft and 37 ft) I think


If set A contains four distinct numbers and set B contains seven distinct letters, how many elements are in (A U B)?​

Answers

There are 11 elements are in (A U B)

How to determine the number of elements?

The given parameters are:

n(A) = 4

n(B) = 7

The number of elements in (A U B) is calculated using:

n(A U B) = n(A) +n(B) - n(A U B)

Given that the sets have distincts elements, we have:

n(A U B) = 4 + 7 - 0

Evaluate

n(A U B) = 11

Hence, there are 11 elements are in (A U B)

Read more about sets at:

https://brainly.com/question/2166579

#SPJ1

Answer: There are 11 elements are in (A U B)

Step-by-step explanation:

Which of the following shows how to calculate the probability of randomly selecting a cat or dog?
P(cat) + P(dog)
P(cat) − P(dog)
P(cat) · P(dog)
P(cat) ÷ P(dog)

Answers

The probability of randomly selecting a cat or dog is P(cat or dog) = P(cat) + P(dog)

Since we cannot select a cat and dog at the same time, their probabilities are mutually exclusive

Probability of mutually exclusive events

If we have events a and b which are mutually exclusive with probabilities P(a) and P(b) respectively, the probability of a or b is P(a or b) = P(a) + P(b)

Probability of randomly selecting a cat or dog

Let

P(cat) = probability of selecting a cat and P(dog) = probability of selecting a dog

So, probability of randomly selecting a cat or dog is

P(cat or dog) = P(cat) + P(dog)

So, probability of randomly selecting a cat or dog is P(cat or dog) = P(cat) + P(dog)

Learn more about probability here:

https://brainly.com/question/24830485

#SPJ1

someone help please

Answers

Answer:

I think 40.

Step-by-step explanation:

1.1 How many grams of can of apple pie filling Chantel is going to use in the Apple (2) Cinnamon Cake.​

Answers

The number of grams of canned apple that Chantel needs for her apple-cinnamon cake is about 1400 grams.

How to calculate the amount of canned apple that Chantel needs?

To know the amount of canned apple that Chantel needs for her apple and cinnamon cake recipe, we must review the amount of apple that she needs for the filling of her cake.

According to the basic recipe to make this cake, we need 6 to 8 apples. Taking into account that each apple weighs about 200g, we can infer that Chantel is going to use about 1400g of canned apple as shown below.

On average we need 7 apples.

6 + 8 = 1414 ÷ 2 = 7

Each apple weighs 200g, so 7 apples would be 1400g.

7 × 200g = 1400g

Based on the above, Chantel needs 1400g of canned apple.

Learn more about grams in: https://brainly.com/question/12127497

#SPJ1

Find the area of each triangle. Round to the nearest tenth.

Answers

Answer:

A ≈ 9.6 units²

Step-by-step explanation:

the area (A) of the triangle is calculated as

A = product of 2 sides × sin (angle between them ) , that is

A = 3 × 5 × sin40° = 15 × sin40° ≈ 9.6 units² ( to the nearest tenth )

30 divided by 5 - 2 + 7 = 3
Then , write down the correct equation.

Answers

Answer:

30 : (5 - 2 + 7) = 3

Step-by-step explanation:

30 divided by 5 - 2 + 7 = 3

Then , write down the correct equation.

30 : (5 - 2 + 7) = 3

30 : (3 + 7) = 3

30 : 10 = 3

3 = 3

The answer is 3 I’m pretty sure

Which of the following best describes the graph shown below?
A. This is not the graph of a function.
B. This is the graph of a one-to-one function.
C. This is the graph of a function, but it is not one-to-one.
D. This is the graph of a linear function.

Answers

Answer: the answer is C

Step-by-step explanation:

Hi student, let me help you out! :)

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

We are asked to describe the graph shown in the attached picture.

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

Please see below! ^^

Is the graph a function?

[tex]\boxed{\mathrm{Yes}}[/tex] ⇒ It passes the Vertical Line Test (Draw a vertical line through the graph; if the line touches the graph once (only once), then the graph is a function.

[tex]\boxed{\mathrm{No}}[/tex] ⇒ It doesn't pass the Vertical line test. The line touches the graph more than once.

[tex]\underline{\rule{50}{1}}[/tex]

Since the line touches the graph only once, this graph is a function, and Option A. is not right; we can cross it out.

One down, three to go! ^^

Is the graph a one-to-one function?

[tex]\boxed{\mathrm{Yes}}[/tex] ⇒ It passes the horizontal line test; it touches the graph only once.

[tex]\boxed{\mathrm{No}}[/tex] ⇒ It doesn't pass the test; the line touches the graph

[tex]\underline{\rule{50}{1}}[/tex]

Since a horizontal line touches the graph more than once, this function is not one-to-one.

Option B. isn't right either.

Two down, two to go! ^^

However, look what Option C. is. The graph we're given is indeed a function, and it's not one-to-one.

So I choose Option C.

Let's ensure our answer is correct by checking the last option:

Is the graph a linear function?

[tex]\boxed{\mathrm{Yes}}[/tex] ⇒ Its graph is a straight line.

[tex]\boxed{\mathrm{No}}[/tex] ⇒ Its graph isn't a straight line.

[tex]\underline{\rule{50}{1}}[/tex]

As we can see, the given graph is not a staight line; thus, Option D. is also wrong.

Thus, Option C. is the correct answer.

Hope it helps you out! :)

Ask in comments if any queries arise.

#StudyWithBrainly

~Just a smiley person helping fellow students :)

What is the answer to (2 * 6)^3/2?

Answers

Answer:

864

Step-by-step explanation:

First, you multiply 2 and 6, so it's 12, and multiply it by 144, so it's 1728, and divide it by 2. Therefore, it's 864!

Other Questions
Please help me with my pargraphTask: Write an essay persuading your grandmother (or other relative/friend) to adopt a rescue pet.Step 1: Research pet adoptions through a local agency (e.g., humane society, etc.)Step 2: Make a list of the reasons your grandma should adopt this pet.Step 3: Write an essay persuading your grandma to adopt this pet.Your essay should contain the following:a. Introductory paragraphb. Three (3) supporting paragraphs (one paragraph for each supporting detail)c. Concluding paragraph to summarize each point and make final 'plea' to adopt petGrading RubricIntroductory paragraph3 points3 supporting paragraphs3 points(1 point each)Concluding paragraph3 points James defines a circle as the set of all the points equidistant from a given point. His statement is not precise enough because he should specify that. Use the functions a(x) = 7x + 10 and b(x) = 12x - 18 to complete the function operations listed below. Part A: Find (a + b)(x). Show your work. (8 points) Part B: Find (a - b) (x). Show your work. (8 points) Part C: Find (a - b)(x). Show your work. (9 points) Part D: Find a(b(x)]. Show your work. (10 points) Which area is described by this passage? this warm, wet habitat harbors more biodiversity than any other place on earth. more than 30 million species of insects, 500 different mammals and almost that many reptiles, and one-fifth of the entire world's bird species make their home here. more than 500 species of trees grow in a single two-and-a-half acre plot. it generates 20 percent of the oxygen supply. about 20 percent of it has been destroyed in the past fifty years by loggers, farmers, and miners. some scientists estimate that 130 species of plants, animals, and insects disappear from there every day. What is the value of x in the figure?X40OA. 40OB. 70OC. 80OD. 120OE. 15070 In DEF, sin D=24/25. What is cos E? [Worth 20 points]A. 24/25 B. 7/25C. 25/7D. 7/24 whats the effect of the power of the church declined Explain how fusion and fission are similar to and different from each other at the atomic level. Explain whichprocess is currently used at most nuclear power plants around the world and which process occurs on the sun. Please helpp The fact that women often feel pressured to conform to society's expectations is a common feminist theme found withinliterature. As this theme appears within part two of Trifles, which pair of symbols most strengthens this theme?O towel, tableO bottle of fruit, birdcageO breadbox, catsO quilt, bird 100 points!!!!!!!!!!If this is your first time trying this, start stationary. Youll be able to do it rolling when you get better at it. Once youre ready, bend your knees down far. This will help with the force of the ollie. Now use the force to pop the tail down hard with your back foot. As soon as the tail hits the ground, slide your front foot up the board towards the nose and lift your back foot up. Now you should be gaining descent height. But you want to level out your ollie. You need to shift your weight forward as soon as you slide your foot up. It also helps when you give the nose a slight push up with your toe. This helps to gain a bit more height. Once youve reached your full height, slowly bend your knees back and land with ease.What words or phrases in this passage should be emphasized to convey order. will give 25 points for a short answer What happened once the Visigoths converted to Roman Catholicism Select the common noun (s).When the student used herimagination, she was able to solveSanta's Little Helper's trickyproblem. Which of the following is the equation of the function below? y=2sec (x+pi/6)+2 y=sec2(x+pi/6)]+2 y=sec[2(x+2)] + pi/6 y=2sec(x+2) + pi/6 The outside edges of the walkway form a rectangle whose length and width are proportional to the sides of the garden, increased by a scale factor of 3. the sides of the garden are (2x+4) and (3x+2). determine the lengths of the outside edges of the garden. write your answer in simplest form. A scientist wants to test if soaking berries in hot water will prevent them from getting moldy. What is the independent variable? What is the dependent variable?WILL GIVE BRAINLIEST Just need some help with this question. A northbound train left at noon. Two hours later, a southbound train left the same station. At five o'clock the two trains were 210 miles apart. Find the rate of each train of the northbound train traveled 10 miles per hour faster than the southbound train. Find the quotient and remainder using long division.x + x - 13x - 2The quotient isThe remainder is What was the date of Fidel Castro's Communist takeover in Cuba? The Kaplans' study found that...