A person invests 3000 dollars in a bank. The bank pays 4% interest compounded quarterly. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 6500 dollars?

Answers

Answer 1
p=amount put in
t=amount of time in years
%=growth rate
f(t)=total

f(t)=p(1+%)^t
6500=3000(1+.04)^t
Solve for t
6500/3000=(1.04)^t
*Logs*
Log (13/6) = 19.7138...
1.04
Rounded to nearest 10th

t = 19.7
Answer 2

Answer:19.4

Step-by-step explanation:

A=P(1+\frac{r}{n})^{nt}

A=P(1+  

n

r

​  

)  

nt

 

A=6500 \hspace{15px} P=3000 \hspace{15px} r=0.04 \hspace{15px} t=?

A=6500P=3000r=0.04t=?

n=4\text{ (quarterly)}

n=4 (quarterly)

6500=3000(1+\frac{0.04}{4})^{4t}

6500=3000(1+  

4

0.04

​  

)  

4t

 

6500=3000(1.01)^{4t}

6500=3000(1.01)  

4t

 

\frac{6500}{3000}=\frac{3000(1.01)^{4t}}{3000}

3000

6500

​  

=  

3000

3000(1.01)  

4t

 

​  

 

2.1666667=(1.01)^{4t}

2.1666667=(1.01)  

4t

 

\log(2.1666667)=\log((1.01)^{4t})

log(2.1666667)=log((1.01)  

4t

)

\log(2.1666667)=4t\log(1.01)

log(2.1666667)=4tlog(1.01)

Power Rule.

\frac{\log(2.1666667)}{4\log(1.01)}=\frac{4t\log(1.01)}{4\log(1.01)}

4log(1.01)

log(2.1666667)

​  

=  

4log(1.01)

4tlog(1.01)

​  

 

t=\frac{0.3357921}{0.0172855}

t=  

0.0172855

0.3357921

​  

 

t=19.42624\approx 19.4 \text{ years}

t=19.42624≈19.4 years


Related Questions

Choose the fraction pair that is Not equivalent.


¾ and 75/100


-5/10 and -3/6


20/6 and 3 2/20


-1 1/3 and -4/3

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The third one my dear sir!

whats 500x200÷90+35​

Answers

Answer:1146.11111

500*200 = 100,000

100,000 / 90 = 1111.11111

1111.11111+35 = 1146.11111

A tent is put up with 7 poles. How many tents can be put up with 200 poles?

Answers

Answer:

28

Step-by-step explanation:

200/7

=28.5714285714

Therefore, at most 20 tents can be put up.

PLS GIVE BRAINLIEST

Write the equation of the line that passes through the points (2,5) and (2,-6). Put
your answer in fully redaced point-slope form, unless it is a vertical or horizontal line.
Answer:
Submit Answer
attempt 1 out of

Answers


m = (y-y)/(x-x)
= (5–6)/(2-2)
= 1/0

1/0 is undefined so the line is a vertical line

A survey about issues affecting Bluff City Park was
given to 60 residents. The results of the survey are
shown below.
Issue
Yes No
Curfew
48 12
Skateboard use
26 34
Children under 14 accompanied by
38 22
a person at least 14 years old
Assume that the results in the table accurately predict
the response ratios for the town's 1.200 residents. How
many of the 1,200 residents would respond No on the
curfew issue?
F. 240
G. 300
H. 600
J. 680
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Answers

H. 300 I’m almost sure.

if 60 of a number is 90 what is the number% of a number is 180 what is 150% of the number of beads. Hurry, it's for a test

Answers

Answer:

If 60% of a number is 90.

Suppose that the number is N.

60% of that number can be written as:

(60%/|00%)*N = 0.6*N = 90

Now we can solve that for N

0.6*N = 90

N = 90/0.6 = 150.

for the second part, we have that:

% of a number is 180, what is the 150%?

We do not have the first percentage, so i could not really answer this, so lets do it in a general way.

A% of a number N, is equal to 180.

(A%/100%)*N = 180

(A/100)*N = 180

Then:

N = 180*(100/A).

Now we want to compute the 150% of this number, this will be:

(150%/100%)*N

0.15*N = 0.15*180*(100/A). = 0.15*18,000/A = 2,700/A

Where A will depend on the first percentage.

Eddie is playing hide-and-seek with Harold and Gavin. Harold is hiding 12 meters south
of Eddie, and Gavin is hiding 16 meters east of Harold. How far apart are Eddie and Gavin?

Answers

Eddie and Gavin are 40 meters apart.

pointsssssssssssssssssssssss​

Answers

Answer:

hello thank you

Step-by-step explanation:

Answer:

TYSM    Have a great Day!!!

:)

Step-by-step explanation:

q1) find 80% of £120
q2) find 60% of £980
PLease show working thank uh

Answers

q1, 96£ q2, 588€

Step-by-step explanation:

q1, 120€×80/100 the zeroes are cancelled then 12×8=96€

q2, 980€ × 60/100 again the zeroes are cancelled then 98×6= 588€

Helppppppppppppppppppp

Answers

Answer:

∠KYR = 43 degrees

Step-by-step explanation:

1. We know that the entire angle equals to 90 degrees because it is a right angle.

First you have to find the value of c and to do this, you add the values of both angles and make it equal to 90

3c + 64 + 5c + 82 = 90]

8c + 146 = 90

     - 146     -146

8c = -56

c = -7

Now we have to find the value of angle KYR so just plug in -7 for c

3(-7) + 64 = 43

Can get brainliest please?

Help! I’ll give I Brainlyst to the first person but please I need it right now!

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Answer:What’s your question?

Step-by-step explanation:

through: (3,3), parallel to y=8/3x+5

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Answer:

(0,5)

Step-by-step explanation:

jade has 4 bags of chips each bag has x amount of chips. How many chips are in total?

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Answer:

x = x amount of chips in 1 bag

x about of chips in 1 bag times the 4 bags = x amount of chips in all 4 bags

pls answer I give brainliest

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Answer:

Part A: so that no single branch has to much power

Part B: "Each branch of government must check the actions of the other two branches to prevent one branch from having too much power."

Hope this helped!!!

Answer:

Part A is the first choice and part B is the second choice

Given g(x) = –2 – 1, solve for a when g(x) = 3.
Answer:
Submit Answer

Answers

Plug in 3 for x
This means - 3 - 1
Which is -4.
Hope I helped :)

Graph the function in your notebook. Determine whether the function is linear or nonlinear.

Answers

Answer:

It is linear because if all x values are different, it makes it linear.

PLEASE HELP ME I WILL GIVE EXTRA POINTS AND BRAINALIST TO THE FIRST PERSON

Answers

22 is 4.33333333 minutes, that’s all i know lol
22. 260sec=4min and 20sec

24.
3/7=9/x
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very easy! 6th grade stuff! brainliest promised!

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Answer:

It's Number A.

Step-by-step explanation:

It is number A because she walks 15 miles per hour, the ratio would be

hours - miles.

So, it means there are 15 miles to 4 hours.

Which of the following additional statements would you need to prove these two triangles are similar by SAS similarity?

1. ∠A ≅ ∠D
2. ∠B ≅ ∠E
3. ∠B ≅ ∠F
4. ∠C ≅ ∠F

Answers

Answer:

option 1

as the sides were already given, A and D are the only way that the triangle can have SAS.

The option 1 . ∠A ≅ ∠D is correct and needed to apply SAS similarity theorem in this given condition.

What is SAS (side angle side ) similarity theorem for two triangles?

The  SAS theorem states that if two triangles have a congruent angles and the sides that define the angle  are proportional, the two triangles are similar.

Given are two triangles ΔABC and ΔDEF and their sides AB =7 , AC = 12, DE =14, DF = 24

Then AB/ DE = 7/14 = 1/2

 and AC / DF = 12/24 = 1/2

∴ AB / DE = AC/ DF

Therefore the sides AB and AC are proportional to DE and DF

And for the application of SAS the angle defined by these pairs must be congruent.

AB and AC defines ∠A and DE and DF defines ∠D

Thus, ∠A must  be congruent to  ∠D so that SAS can be to applied to make the given triangles similar.

Therefore, option 1. ∠A ≅ ∠D  is correct option

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https://brainly.com/question/22472034

#SPJ2

It costs $13 to rent a canoe and $5.50 to use the canoe for an hour. You have $29.50. Write an equation that represents the number h of hours you can rent the canoe.

Answers

Answer:

Step-by-step explanation:

$13+$5.50=$18.50

$29.50 divided by $18.50=Your Answer

Answer:

You can rent canoe for 3 hrs.

Step-by-step explanation:

Say R = Rent

h = hours of using

* Rent needs to be added when we pick the canoe itself

* Hours should be multiplied with $5.50 to get total spent money.

R + 5.50h = 29.50

R=13

13+5.50h = 29.50

5.50h= 29.50-13

5.50h = 16.50

h = $16.50/$5.50 (

h = 3

Determine triangle type?

Answers

Answer:

scalene right

Step-by-step explanation:

all side are opposite and there is a 90% so that makes it right

Scalene right angled triangle

The ratio of boys to girls in a group is 7:2. If there are 65 more boys than girls, work out how many boys there are.

Answers

低于当地人民:或立场上有一些事情了!儿女情长的好了吗我想做出

Answer:

91 boys

Step-by-step explanation:

Given that the ratio of boys to girls = 7 : 2 = 7x : 2x ( x is a multiplier )

There are 65 more boys than girls , thus

7x = 2x + 65 ( subtract 2x from both sides )

5x = 65 ( divide both sides by 5 )

x = 13

There are 7 × 13 = 91 boys in the group

Guys please answer this. Im in dire need of your help! ):

why can we write 1/a^n=a^-n?

Answers

Answer:

Try to understand by substitute a number in a and n.

Step-by-step explanation:

For example,

a=2, n=1

a^n= 2^1= 2

[tex]\frac{1}{2}[/tex] = 0.5

2^(-1)=0.5

Step-by-step explanation:

[tex] \frac{1}{ {a}^{n} } = {a}^{ - n} [/tex]

~Math Induction

[tex] \: [/tex]

—Prove that n = 1

[tex] \frac{1}{ {a}^{1} } = {a}^{ - 1} [/tex]

[tex] \frac{1}{a} = \frac{1}{a} \to \sf proved[/tex]

[tex] \: [/tex]

—Prove that n = k

[tex] \frac{1}{{a}^{n}} = {a}^{n} [/tex]

[tex] \frac{1}{{a}^{k}} = {a}^{-k} , k \in \mathbb{R}[/tex]

[tex] \: [/tex]

—Prove that n = k + 1

[tex] \frac{1}{ {a}^{k + 1} } = {a}^{ - (k + 1)} [/tex]

[tex] \frac{1}{ {a}^{k + 1} } = {a}^{ - k} \times {a}^{ - 1} [/tex]

[tex] \frac{1}{ {a}^{k + 1} } = \frac{1}{ {a}^{k} } \times \frac{1}{ {a}^{1} } [/tex]

[tex] \frac{1}{ {a}^{k + 1} } = \frac{1}{ {a}^{k + 1} } \: \: \rm proved[/tex]

[tex] \: [/tex]

Proved that 1/a^n = a^-n

Identify the function shown in this graph ​

Answers

Answer:

i think its d

Step-by-step explanation:

not copying i think

Answer:

C - y = 3x - 2

Step-by-step explanation:

I took the test. Hope this helps! :)

a cleaning service orders 7 large bottles and 14 small bottles of a cleaning product.Each large bottle has 124 ounces.Each small bottle has 64 ounces. which is the best estimate of the total amount of cleaning product the cleaning service orders?
I need help please!!​

Answers

Answer: small bottles

Step-by-step explanation:

124 * 7 =868 ounces

14 * 64 = 896 ounces

If it takes 6 men 4 days to dig a hole 3 metres deep, how long will it take 10 men to dig same hole 7 metres deep?

Answers

Step-by-step explanation:

6 men → 4 days → 3 metres

1 man → 24 days → 3 metres

1 man → 8 days → 1 metres

1 man → 56 days → 7 metres

10 men → 5.6 days → 7 metres

therefore, 5.6 days

Topic: direct n inverse proportions

If you like to venture further, do check out my insta (learntionary) where I constantly post math tips! Thanks!

Answer:

It will take 5.6 days for the 10 men to dig the same hole 7 m deep.

Step-by-step explanation:

Laying the data in column

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

6 men            3 m hole              4 days

10 men           7 m hole             x days

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

As [tex]6[/tex] men dig a hole in [tex]4[/tex] days, so their rate will be:

[tex]rate\:=\:\frac{4}{3}[/tex]

Then  [tex]6[/tex] men would take [tex]7\times \frac{4}{3}=\frac{28}{3}[/tex] days to dig a hole of depth 7 m.

As we are letting 10 men do work, so they would

take [tex]\frac{6}{10}\times \frac{28}{3}=\frac{28}{5}[/tex] days.

so

[tex]\frac{6}{10}\times \frac{28}{3}=\frac{28}{5}[/tex]

             [tex]=5.6[/tex]   days

Therefore, it will take 5.6 days for the 10 men to dig the same hole 7 m deep.

4316 rounded to the nearest 100

Answers

4300

6 is ones

1 is tens

3 is hundreds

4 is thousands

therefore the answer is 4300

If 4316 is rounded to the nearest 100 then its value will be, 4300

What is Rounding of a number ?

Rounding means making a number simpler but keeping its value nearby original value.

Rules for rounding nearest 100:-

1. If the number's final two digits are 50 or higher, we round it up to the next hundred.

2. If the number's final two digits are 49 or less, we round it down to the closest hundred.

3. If the final two numbers are 00, there is no need to round because the number is already one hundred.

We have given number, 4316

Number's final two digits are less than 49

Hence, The rounded value is 4300

To know more about  Rounding check:

https://brainly.com/question/29878750

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With some species of bamboo, you can actually see them grow. You could observe 30 centimeters of growth in just 1 3 of a day. At what rate does this bamboo grow? Simplify your answer and write it as a proper fraction, mixed number, or whole number. centimeters per day

Answers

Answer:

90 centimetres per day

Step-by-step explanation:

Given that:

One of the Bamboo species growth can be seen.

Growth in [tex]\frac{1}{3}[/tex] of a day = 30 cm

To find:

The growth per day in centimetres as a proper fraction, mixed number or whole number.

Solution:

If we are given that:

The growth of a bamboo tree is [tex]y[/tex] centimetres in [tex]x[/tex] number of days.

Then growth per day can be found by dividing the total growth of bamboo tree by the number of days.

Formula can be written as:

Growth per day = [tex]\frac{y}{x}[/tex]

We are given that:

[tex]y = 30\ cm\\x = \frac{1}{3}\ days[/tex]

Putting the values, we get:

[tex]\dfrac{30}{\frac{1}3}\\\Rightarrow \bold{90\ cm}[/tex]

the question is on the sheet ​

Answers

y=1/2x-5 is the answer

A baker sells bread for $4 a loaf and rolls for $1 each. The baker needs to sell $44 worth of baked goods by the end of the day.

Enter a linear equation that describes the problem.

Answers

4x+1y = 44
X = loaf, y=rolls
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