Suppose a principal amount of $7500 was invested at an interest rate of 6%. How long did it take to reach $10650?

Answers

Answer 1

Based on the information how long did it take to reach $10650 is 7years.

Given:

Principal=$7,500

Rate=6%

Amount=$10650

Time=?

Simple Interest(SI)=A-P

=$10650-$7500

=$3150

Time=(100×SI)/(p×r)

T=(100×3150)/(7500×6)

T=315,000/45,000

T=7 years

Inconclusion how long did it take to reach $10650 is 7years.

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Answer 2

The period it took the $7,500 investment to reach a future value of $10,650 at a compounding interest rate of 6% is 6 years.

What is the future value?

The future value refers to the compounded value of present cash flows in the future, using an interest rate.

The future value can be determined using the future value table or formula.

We can also determine the future value using an online finance calculator, which also enables us to determine the period required to get a stated future value.

Data and Calculations:

PV (Present Value) = $7,500

I/Y (Interest per year) = 6%

PMT (Periodic Payment) = $0

FV (Future Value) = $10,650

Results:

N (# of periods) = 6 years

Total Interest = $3,142.17

Thus, the period it took the $7,500 investment to reach a future value of $10,650 at a compounding interest rate of 6% is 6 years.

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Related Questions


The total amount of snowfall last ski season was 50 inches. This season, the total amount was 56 inches. The
percent of snowfall this year is what compared to last year?

Answers

Answer:

12% increase compared to last years

Step-by-step explanation:

a) 15 - 4 X 6 + 30 - 5​

Answers

Answer:

16

Step-by-step explanation:

15 – 24 +30 – 5

–9+25

= 16

Answer:

16

Step-by-step explanation:

(Remember to always use order of operations or "PEMDAS")

First do 4 × 6 = 24, then subtract 24 from the 15 to get -9. Now add -9 to 30 to get 21. Finally, subtract 5 from 21 to get 16.

Hope this helps you :)

Order the following numbers from least to greatest: -5.6, -1.25, -7.8,9

Answers

-7.8,-5.6,-1.25,9

Hope this helped!! :)

A company has launched a Business App. for smart mobile phones, the users who installed the application in 2015 were 10000 users, and they increase by 10% each succeeding year.
a) Determine the number of users in the year 2020.
b) If the company gains on average annual revenue of OMR 12 per user, what is the total revenue gained until the end of the year 2021?

Answers

Answer: a) 15000 b) OMR 192,000

Evaluate the expression( 3x2)2

Answers

Answer:

12

Step-by-step explanation:

Its 12 because you would do what’s in the parentheses first, which is 3x2 which is 6, then multiply it by 2. 6x2=12.

1. What is the place value of 7 in 43.0671? A. tenths B. hundredths TA C. thousandths D. ten thousandths​

Answers

C. thousandths
hope this helps!

can someone plz help

Answers

Answer:

77

Step-by-step explanation:

I think that's the answer, lemme know if i'm right.

(5.8 times 10^-15) - (4.4 times 10^-14)

Answers

Answer:

−3.82×10^-14

Step-by-step explanation:

Move the decimal so there is one non-zero digit to the left of the decimal point. The number of decimal places you move will be the exponent on the  

10. If the decimal is being moved to the right, the exponent will be negative. If the decimal is being moved to the left, the exponent will be positive.

−3.82×10^-14

Mr. D math
Find the distance between (12,5) and (3,4) approximated to the 1 decimal place.

select the correct response
0.2
9.3
9.1
9.4

Answers

Answer:
9.1

Explanation:
Use the distance formula
d=sqrt[(x2-x1)^2 + (y2-y1)^2]
d=sqrt[(3-12)^2 + (4-5)^2]
d=sqrt[(-9)^2 + (-1)^2]
d=sqrt[81 + 1]
d=sqrt[82]
d=9.055≈9.1

Where (x1, y1) is (12,5) and (x2, y2) is (3, 4)

The distance between (12,5) and (3,4) approximated to the 1 decimal place is 9.1.

To find the distance between two points [tex]\((x_1, y_1)\)[/tex] and [tex]\((x_2, y_2)\)[/tex], we will use the distance formula:

Distance = [tex]\(\sqrt{(x_2 - x_1)^2 + (y_2 - y_1)^2}\)[/tex]

In this case, [tex]\((x_1, y_1) = (12, 5)\)[/tex] and [tex]\((x_2, y_2) = (3, 4)\)[/tex].

Substituting these values:

Distance = [tex]\(\sqrt{(3 - 12)^2 + (4 - 5)^2}\)[/tex]

Distance = [tex]\(\sqrt{(-9)^2 + (-1)^2}\)[/tex]

Distance = [tex]\(\sqrt{81 + 1}\)[/tex]

Distance = [tex]\(\sqrt{82}\)[/tex]

Now, approximate value of [tex]\(\sqrt{82}\)[/tex] to 1 decimal place:

[tex]\(\sqrt{82} \approx 9.1\)[/tex]

So, the correct response is 9.1.

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Express 405 1/3 in simplest radical form.

Answers

Answer:

3 cube root of 15

Step-by-step explanation:

theres your simple radical form

8(152/3) is 405 1/3 in simplest radical form.

What is simplification?

Simplifying procedures is one way to achieve uniformity in job efforts, expenses, and time. It reduces diversity and variation that is pointless, harmful, or unneeded. Parenthesis, exponents, multiplication, division, addition, and subtraction are all referred to as PEMDAS. The order of the letters in PEMDAS informs you what to calculate first, second, third, and so on, until the computation is finished, given two or more operations in a single statement.

405 1/3 is equivalent to (405*3 + 1)/3 = 1216/3.

To express 1216/3 in simplest radical form, we can first simplify it by dividing both the numerator and denominator by their greatest common factor, which is 8.

1216/3 = (8*152)/3 = 8(152/3)

Now, we can see that 152/3 cannot be simplified any further, so the simplest radical form of 405 1/3 is: 8(152/3)

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I need help! Does anyone understand?

Answers

Answer:

the answer should be G or H

Analyze the table below and complete the instructions that follow.


Blue
Brown
Green
Total
Male
10
B
1
28
Female
D
15
C
26
Total
18
A
4
E

Solve for the variables in the table.

Answers

Answer:

C

Step-by-step explanation:

Two hundred students are going to dine with the principal as their reward for perfect attendance. A random survey of 25 of these students was
conducted to determine how many of each meal should be prepared for dinner. The results are shown below.
• 12 students like pizza
8 students like cheeseburger
. 5 students like taco
Based on the survey results, which of these is the best prediction of the meals liked by the 200 students. (1.6H)
O A There are 16 students who want a cheeseburger.
OB There are 52 students who want either a cheeseburger or a taco.
O C There are 24 more students who want a taco than want a cheeseburger.
OD There are 32 more students who want pizza than want a cheeseburger.

Answers

DThere are 32 more students who want pizza than want a cheeseburger.

BRAINLIEST?

100 raspberries weigh 40 grams. if there is a proportional relationship between raspberries and weight, how many raspberries does it take to weigh 100 grams

Answers

Answer:

250 raspberries

Step-by-step explanation:

So if 100 raspberries weigh 40 grams, each raspberry weighs 40/100 grams, which is 4/10 of a gram. so, you need to do 100/ 4/10=250

Leroi and Sylvia both put $100 in a savings account. Leroi decides he will put in an additional $20 each week. Sylvia decides to put in an additional 20% of the amount in the account each week. Complete the sentence to answer the question.

Answers

Answer:

440$

Step-by-step explanation:

PLEASE HELP!!!!
On a Saturday, a library checked out 117 books. If 36 of the books were fiction, what is the ratio
of non-fiction books to fiction books checked out?

Answers

36:81

117 - 36 = 81
Answer:

4/9

Solution:

117-36 = 81
So out of the 117 books checked out, 36 of them were fiction and 81 were non-fiction, 36/81 simplified to lowest terms is 4/9

6 dollars for 2 cans of tuna what is the rate

Answers

Answer:

3 dollars per can

Step-by-step explanation:

divide 6 by 2

A school needs to buy new notebook and desktop computers for its computer lab. The
notebook computers cost $325 each, and the desktop computers cost $250 each. How
many total computers would someone buy if they get 20 notebooks and 17 desktop
computers? How many total computers would someone buy if they get n notebooks
and d desktop computers?

Answers

I’m not sure about the second one

Can someone Please abswer this i'll give 40 points and maybe brainliest for the best answer :]

Answers

Answer:

2. d. 0.0008

3. b. 0.07

4. c. thousandths

5. c. 0.005

100 POINTS If x and y are real numbers, what is the simplified radical form of [tex](x^{2} y^{5} )^{\frac{1}{5} }[/tex]

Answers

Answer: [tex]x^{2/5}[/tex][tex]y[/tex]

Step-by-step explanation:

([tex]x^{2}[/tex][tex]y^{5}[/tex])^[tex]^{1/5}[/tex]

= [tex]x^{2/5}[/tex][tex]y[/tex]

the answer will be: (x^2/5) y
(x to the power of 2/5, times y)

what is 2+2=
Answer to get points

Answers

Answer:

4

Step-by-step explanation:

2+2=4

The first factor has a degree of
2
.
The second factor has a degree of
3
.
The third factor has a degree of
.
The product has a degree of
.

Answers

Answer:

first = 2,second= 3

Step-by-step explanation:

F*s= 2*3

= 6

Assume that x is a positive acute angle.
Given: sin x =28/53
Find: sin 2x

Answers

Answer:

its sophisticated but answer is 3

Step-by-step explanation:

you have to dive deep into it and research

Materials and labor for each pet groomed
costs $15. The business also has fixed costs
of $1,000 each month. Define a cost
function for this business.

Answers

Answer:

f(x) = 15x + 1,000

Step-by-step explanation:

y = mx + b

the 15 is the slope or rate and 1000 is the fixed value ( y intercept)

Please give me examples to use

Answers

Answer:

cy+d to the middle of the problem

number 4. and 5.
What is the unit rate for each size?
Which size is a better buy? why?

Answers

Answer:

Step-by-step explanation:

4)

Regular  $4 / 8 cups = $0.50 / cup

Large    $6 / 15 cups = $0.40 / cup

5)

most people would consider the Large to be the better buy because the price per cup is lower.

If a certian perosn has a mass of 250kg on earth, would that person's mass be on the moon, if the moon's gravity is 1.62m/s2? *
10 points
245kg x 1.62m/s2
245 x 1.62m/s2
It remains the same
The person would be weightless

Answers

Answer:

Weight On the Moon: 41.34 kilograms

Step-by-step explanation:

HELP ME OUT PLEASE!!!​

Answers

Answer:

I think it is the second one.

Step-by-step explanation:

It might be right.

Hope this helps! :)

Janet is three years older than her sister Julie Janet's brother is 8 years older than their sister Julie the sum of all their ages is 55

Answers

Answer:

Julie is 14.67, Janet 17.67 and Brother 22.66

Step-by-step explanation:

Let Julie age be x

Janet: x+3

Brother: x+8

x+x+3+x+8=55

3x+11=55

3x=44

x=14.7

HELP ME OUT PLEASE

A die was rolled six times. The polls were 1,2,3,3,4 and 5. What is the mean deviation for this data!

A) 3/5

B) 1

C) 2

D) 6​

Answers

Answer:The mean deviation of the given data is;

Option B: 1

Step-by-step explanation:

Σ(x - x¯)/n

Now, x¯ is the mean = (1 + 2 + 3 + 3 + 4 + 5)/5

x¯ = 3

Thus;

1 - 3 = -2

2 - 3 = -1

3 - 3 = 0

3 - 3 = 0

4 - 3 = 1

5 - 3 = 2

Mean deviation is usually a positive value. Thus;

Σ(x - x¯) = 2 + 1 + 0 + 0 + 1 + 2

Σ(x - x¯) = 6

Thus;

Σ(x - x¯)/n = 6/6

Σ(x - x¯)/n = 1

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