A person invests 3500 dollars in a bank. The bank pays 6.25% interest compounded annually. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 11100 dollars?

Answers

Answer 1
18.328 or 18.3 years
Answer 2

The duration of time period required is 2.4 years.

What is a compound interest?

Compound interest simply means that the interest associated with a bank account, loan, or investment increases exponentially over time.

Given that, A person invests 3500 dollars in a bank. The bank pays 6.25% interest compounded annually.

A = P(1+r/100)ⁿ

n = time

A = amount

P = principal

11100 = 3500(1+0.0625)ⁿ

3.171 = (1.0625)ⁿ

Taking log to both sides,

log(3.171) = nlog(1.0625)

n = 2.40

Hence, the required time is 2.4 years.

For more references on compound interest, click;

https://brainly.com/question/14295570

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Related Questions

ANSWER ASAP I WILL MAKE YOU BRAINLIEST 10 POINTS AND ALSO HEART AND 5 STARS RATE grade 11 math


please answer section a

Only answer section a I did section b myself so PLEASE answer section a with some explanation

(I'm sorry if I sound mean; If you don't give me an answer you will not get brainliest or heart or stars for example if you type the answer as '......'

Answers

Answer:

Values

1) a = 1, b = 3, c = -1

2) a = 2, b = -3, c = 6

3) a = 8 b = 1, c = -7

Step-by-step explanation:

To get the values, you need to write each equation in the format of ax²+bx+c=0, therefore you can find out each of the values easily. However for the third box, you aren't give the 'b' value in the equation, so you would have to assume that this is '1'.

To get the 'Answer', just simply input each of these values into the quadratic formula using a calculator.

The Quadratic formula:

[tex]x=\frac{ -b +- \sqrt{^{b} -4ac} \\}{2a}[/tex]

Use this and input all of the values required in each place, then simplify down if you don't have a calculator to find the answer.

16 Apples cost $1.35 per kilogram
Work out the cost of 16 kilograms of apples​

Answers

I believe you just multiply 1.35 x 16.
Therefore your answer will be $21.60

if your car can travel 10km on every litre of petrol.how much petrol you will need to drive 1000 km??​

Answers

100 liters because 1000/10=100

please please please helpppp

Answers

840 in 2 hours is the answer

What is the measure of the missing angle?

Answers

Answer:

25°

Step-by-step explanation:

These types of figures have 3 angles, which add up to 180°. If you found the 2 angles already, you can find the last one by adding both angles together and using 180° to deduct it with the total degree of thd 2 angles.

127 + 28 = 155

180 - 155 = 25

Translate the sentence into an equation.
Four times the sum of a number and 3 is equal to 6.

Answers

4x+3 = 6
Hope that helped :)

Answer:

0.50x4x3

Step-by-step explanation:

Find x
21/2
56/3
54/7
12

Answers

12 is the mf answer...

0.6x = 31.2 ( it's multiplication)​

Answers

X = 52 would be the answer you get.

Explanation you would divide both sides by 0.6 which leaves the x and by dividing 31.2 divided by 0.6 it gives you 52

Help ASAP!! please
Carl went out to eat with his family for his birthday. The bill was $87.42, but Carl had a 10% off coupon. If Carl gave a 20% tip, what was the final price he paid for the meal?

Answers

Answer:

26.226

Step-by-step explanation:

what is the area to this

Answers

Answer:

600

Step-by-step explanation:

Area of Square:

= l*w

= 20x20 = 400

Area of Triangle:

= b*h/2

= 20*20/2

= 200

400 + 200 = 600

Good luck! <3

Answer:

The total area of the shape is 600 square centimetres.

Step-by-step explanation:

You can solve this by finding the area of the square and the triangle separately.

The area of any rectangle, including squares, is width times height. The bottom square then has an area of 20cm × 20cm, which equals 400cm²

The area of a triangle is have of its base width times its height.  It too has a width of 20cm and a height of 20cm, so its area is 20cm × 20cm ÷ 2, which equals 200cm²

Add them together for the full area of the shape:

400cm² + 200cm² = 600cm²

A kite is flying 76 ft off the ground, and its string is pulled taut. The angle of elevation of the kite is 589. Find the length of the string. Round your answer to the
nearest tenth

Answers

Answer:

Answer: The length of string from kite to the ground is 111.5 feetStep-by-step explanation:Given ... of the ground, and its string is pulled tout. The angle of elevation of the kite is 43. Find the length of the string. Round your answer to the ... The height from the ground at which kite is flying = BC = h = 76 feet.

Step-by-step explanation:

3(4x+6)=x-4

Pls look at the picture for the rest of the question thanks!

Answers

Answer:

(x = −2) sentence below

Step-by-step explanation:

Step 1: Simplify both sides of the equation.

3(4x+6)=x−4

(3)(4x)+(3)(6)=x+−4(Distribute)

12x+18=x+−4

12x+18=x−4

Step 2: Subtract x from both sides.

12x+18−x=x−4−x

11x+18=−4

Step 3: Subtract 18 from both sides.

11x+18−18=−4−18

11x=−22

Step 4: Divide both sides by 11.

11x

11

=

−22

11

x = −2

I used distributive property because it allows me to simply the equation when dealing with the unknown value of x.

Glven f(x) = x^2+ 2x - 1 and g(x) = 3x- 5; Determine f + g and f -9
F+g= F-g=

Answers

Answer:

Step-by-step explanation:

you can find videos on yt for that

Answer:

sorry, I'm not sure. you need a little more description though

What is the slope and rate of change brainliest 40 points

Answers

Answer:

slope: 3 for N and 1/2 for O

Step-by-step explanation:

Answer:

N. -3O. 2.5

Step-by-step explanation:

N

Use points (1, 5) and (2, 2)

m = (2 - 5)/(2 - 1) = -3

O

Use points (0, 10) and (2, 15)

m = (15 - 10)/2 = 5/2 = 2.5

what is 90/3 in mathmatics

Answers

Answer:

30

Step-by-step explanation:

90/3 = 30. 30 +30+30=90

-5 – [-17 + (15 -6)] + (-15 - 8) – {-1 + (8 - 9) + (7 - 10)}

Answers

Answer:

-15

-5 – [-17 + (15 -6)] + (-15 - 8) – {-1 + (8 - 9) + (7 - 10)}

-5-(-17+9)+(-23)-(-1+(-1)+(-3))

-5-(-8)-23-(-1-1-3)

-5+8-23-(-5)

-5+8-23+5

=-15

Answer:

Step-by-step explanation:15 9 17 A = 7 0 8 8 10 9 i A-1 =

please help me with this :)
(screenshot below)

Answers

Answer:

8b+17=65 is the first equation

b=6

the value of b has increased by 4

Step-by-step explanation:

hope it helps

Factor (2x^2+4x) + (1x+2)

Answers

Answer:

(2x + 1) (x + 2)

Step-by-step explanation:

2x² + 4x + 1x + 2

They are already arranged, so you just have to find the GCF. 2x² + 4x  have the GCF of 2 and 1x + 2 have the GCF of 1.

2x (x + 2) + 1(x + 2)

Now you divide the whole thing by x + 2.

2x (x + 2) + 1(x + 2)/ x + 2

One of them cancels out  leaving (2x + 1) and (x+2)

Help with number 1 please.

Answers

Answer:

Step-by-step explanation:

Plz answer. I’m in a hurry thx.

Answers

Answer:

A or D

Step-by-step explanation:

I saw your previous post and saw all of the list and compared it!

I don't think you will type it out in numbers without square root, so that will leave with an option of A,D,E.

I think A is too less, so maybe D?

well which is possible?

A or D

A recipe that will serve 15 people requires 3/4 cup of chopped green peppers. If this recipe is changed to serve 8 people, what amount of chopped green peppers will be needed?
2/5 cup
32/45 cup
45/32 cups
5/2 cups

Answers

Answer:

2/5 cups

Step-by-step explanation:

(3/4)*8=6

6/15= 2/5

Michelle and matthew bake carrot cake at their bakery. For every 9 cups of shredded carrots they use, they use 6 cups of sugar. How many cups of shredded carrots will they use if they use 14 cups of sugar?

Answers

Answer: 21 cups of shredded carrots.

Step-by-step explanation:

For every 9 cups of shredded carrots they use, they use 6 cups of sugar.

To use one cup of sugar therefore, the number of cups of shredded carrot is:

= 9/6

= 1.5 cups of shredded carrot

For every 1.5 cups of shredded carrot, a cup of sugar is used.

If they were to use 14 cups of sugar, they would therefore use:

= 14 * 1.5 cups of carrot

= 21 cups of shredded carrot

A ball is thrown straight up from a height of 3 ft with a speed of 32 ft/s. Its height above the ground after x seconds is given by the quadratic function y = -16x2 + 32x + 3.

Answers

Answer:

19ft

Step-by-step explanation:

Given the height of a ball above the ground after x seconds given by the quadratic function y = -16x2 + 32x + 3, we can find the maximum height reached by the ball since we are not told what to look for.

The velocity of the ball is zero at maximum height and it is expressed as:

V(x) = dy/dx

V(x) = -32x+32

Since v(x) = 0

0 = -32x+32

32x = 32

x = 32/32

x = 1s

Get the height y

Recall that y = -16x² + 32x + 3.

Substitute x = 1

y = -16(1)²+32(1)+3

y = -16+32+3

y = -16+35

y = 19ft

Hence the maximum height reached by the ball is 19ft

can you help me with this what is 4z-z

Answers

Answer: The answer would be 3z! Good luck!

Step-by-step explanation: Subract z from 4z, basically turn the equation to 4z - 1z, then put the variable (z) to the side and subtract 1 from 4. Once you're

done with that bring your variables back and you have 3z!

The table below gives the distribution of milk chocolate M&M's
Color: Brown, red, yellow Green, Orange, Blue
Probability 0.13 0.13 0.14 0.16 0.20 0.24
If a candy is drawn at random, what is the probability that it is not orange or red?

PLEASE HELP!​

Answers

Answer: .67
Explanation: You can get the probability of not drawing red or orange by subtracting those probabilities from 1. (because the sum of all probabilities must equal 1) Therefore, 1 - .13 - .20 = .67

Answer:

0.67

Step-by-step explanation:

correct

Select three angle measures that can represent the three angles of a triangle. Write the measures in Box A. 100 80 30 90 70 10

Answers

Answer:

some examples:

80, 30, 70

80, 10, 90

100, 70, 10

Step-by-step explanation:

angle measures must add to 180 degrees

is 5x - 2 a non linear function

Answers

Answer:

yes

Step-by-step explanation:

Yes, 5x-2 is a non linear function

In triangle JKL, the measure of angle L=90°, the measure of angle J=25°, and KL = 26 feet. Find the length of LJ to the nearest tenth of a foot.

Answers

Answer: 55.8 feet

Step-by-step explanation:

use mathematical induction to prove the statement is true for all positive integers n. 6 + 12 + 18 + ... + 6n = 3n(n + 1)​

Answers

Answer:

Step-by-step explanation:

6+12+18+....6n=3n(n+1)

Proof by induction

True for n = 1

6 = 3(1)(1+1)

Assume true for n = k

6+12+18+....6k=3k(k+1)

Then show that

6+12+18+....6(k+1)= 3(k+1)(k+1+1)

We add 6(k+1) to both sides of

6+12+18+....6k=3k(k+1)

6+12+18+....6k +6(k+1) =3k(k+1) + 6(k+1)

= 3(k+1)(k + 2)

= 3(k+1)(k+1+1)

So true for n = k+1

Since true for n=1 it is true for n=2,3,...

Thus true for all natural numbers n by mathematical induction

a pilot is flying an airplane at an elevation of 17,500 feet. she is increasing her elevation at a rate of 2,500 feet per minute. which number line shows the solution set for the number of minutes the pilot could increase her elevation and be above 25,000 feet?

Answers

Answer:

y= *greater than or equal to sign* 2500x+17500

The answer is: A

Step-by-step explanation:

Hope this help   :)

Answer:

It's C

Step-by-step explanation:

I put in A for my exam but it said it was incorrect and it said the answer was C :')

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