Suppose you deposit $2500 in a savings account that pays you 5% interest per year. (Calculator)

(a) How many years will it take for you to double your money?

Answers

Answer 1

Answer:

14.20669 years

Roughly 14 years and 2.5 months.

Step-by-step explanation:

Assuming this is compound interest.

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

[tex]A=[/tex] Final Amount

[tex]P=[/tex] Principal Amount

[tex]r=[/tex] Interest Rate

[tex]n=[/tex] # of times interest is compounded per year

[tex]t=[/tex] Time in years

We are looking for the times in years to double the money so

[tex]2500*2=5000[/tex]

[tex]A=5000[/tex]

[tex]P=2500[/tex]

[tex]r=0.05[/tex]

[tex]n=1[/tex]

[tex]t=?[/tex]

Lets solve for [tex]t[/tex] .

Step 1.

Plug in our numbers into the compound interest formula.

[tex]5000=2500(1+\frac{0.05}{1}) ^{1*t}[/tex]

Step 2.

Simplify the equation.

Evaluate [tex]1+\frac{0.05}{1}=1.05[/tex]

Evaluate [tex]1*t=t[/tex]

[tex]5000=2500(1.05) ^{t}[/tex]

Step 3.

Divide both sides of the equation by [tex]2500[/tex]

[tex]\frac{5000}{2500}=1.05 ^{t}[/tex]

Evaluate [tex]\frac{5000}{2500}=2[/tex]

[tex]2=1.05 ^{t}[/tex]

Step 4.

Take the natural log of both sides of the equation and rewrite the right side of the eqaution using properties of exponents/logarithms.

[tex]ln(2)=t*ln(1.05)[/tex]

Step 5.

Divide both sides of the equation by [tex]ln(1.05)[/tex]

[tex]\frac{ln(2)}{ln(1.05)}=t[/tex]

Step 6.

Evaluate

[tex]t=14.20669[/tex]

Roughly 14 years and 2.5 months.


Related Questions

Loojk ate the rectangle a) A square has the same area as the rectangle above what is the side length of this square

Answers

Answer: The length of one side of the square is 10 sq cm.

Step-by-step explanation:  Area of the rectangle = 4 x 25 = 100 sq cm.

Area of a square = s x s, where s is the length of the side of the square.

So, s x s = 100

Or, s^2 = 100

And, s = sqrt(100) = 10

How many rolls of wallpaper, each 10 yards long and 24 inches wide, will paper the sides of a room 12.1 feet by 17.1 feet and 8 feet high, deducting 129 ft2 for doors and windows?

Answers

Answer:

That corresponds to a width of 3.5 feet, so a yard of paper covers an area of 3 x 3.5 = 10.5 square feet

Simplify.
2v^6•7u^7u^-5xv^-3•5x¯²

Use only positive exponents in your answer.

Answers

Answer:

(70*v^3*u^2)/x

Step-by-step explanation:

(2v^6 * 7u^7 * u^-5 * x * v^-3 * 5 * x^-2)

(2 * 5 * 7) * (v^6 * v^-3) * (u^7 * u^-5) * (x * x^-2)

70 * v^(6 - 3) * u^(7 - 5) * x^(1 - 2)

70 * v^3 * u^2 / x

Which equation can be simplified to find the inverse of y = 2x2?
StartFraction 1 Over y EndFraction = 2 x squared
y = one-half x squared
–y = 2x2
x = 2y2

Answers

The correct answer would be: x = 2y^2

Answer:

its D

Step-by-step explanation:

The population of a village has increased this year by 8 percent.This year it's population is 10,800.How much was it's population last year?​

Answers

Answer:

SOLUTION:-

Let,last year population be x.We have last year population+Increased population=10,800

[tex]x + 8\% \: of \: x = 10800[/tex]

[tex]\displaystyle{x + \frac{8x}{100} = 10800 }[/tex]

[tex]\displaystyle{ \frac{100x + 8x}{100} = 10800}[/tex]

[tex]\displaystyle{ \frac{108x}{100} = 10800}[/tex]

[tex]108x = 10800 \times 100[/tex]

[tex]108x = 1080000[/tex]

[tex]x = \displaystyle{ \frac{1080000}{108} }[/tex]

[tex]x = 10000[/tex]

Therefore,required last year population=10000

Answer:

The Correct Answer is 10,000.

Step-by-step explanation:

Becuase The Question itself is providing us that this year it increased by 8%. Then the said that the total population for this year is 10,800. So, that tells us that the 8% equal 800. 10,000+800=10,800.

10,800-800=10,000

The correct answer is 10,000.

Hope this helps you!!

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NEED HELP PLEASE SINE/COSIGN LAW QUESTION RIGHT THE ANSWER OUT ON A PIECE OF PAPER AND SEND IT IF YOU HAVE TO MAKE SURE ITS CLEAR AND CORRECT. 45 points + brainliest​

Answers

Answer:

sine=opposite/hypotenuse

cosine=adjacent/hypotenuse

tangent=opposite/adjacent

a: 42

b: 135 km/h

Step-by-step explanation:

For part A, you are given the adjacent and opposite side lengths so you need to use the tangent formula. On the calculator, it is tan^-1 (90/100)

For part B, I used the pythagorean theorem and did 100^2+90^2= 18100 and then took the square root of that to get 135.

PLEASE HELP ME WITH THIS!!!!

Answers

Answer:

D: (x,y) → (x +1, y - 8)

Step-by-step explanation:

The red shape, KHIJ, is similar to the blue shape, KHIJ.

Looking at the shapes from the points K, Blue K is forward on the x-axis by 1, Hence x + 1.

Lokkin at the same points, but on y-axis this time. Red K is up 2 and Blue K is down 6. 2 + 6 = 8. Since the blue shape is down, make the 8 into -8. Now you have y -8.

I WILL GIVE 20 POINTS TO THOSE WHO ANSWER THIS QUESTION RIGHT NOOOO SCAMS AND EXPLAIN WHY THAT IS THE ANSWER

Answers

Answer:

16

Step-by-step explanation:

Find and interpret the mean absolute deviation of the data. 8,12,4,3,14,1,9,13
pleaseeee answer I really need help and I will fail math if I don't have an answer!

Answers

Answer:

Mean Absolute Deviation: 4

Step-by-step explanation:

A mean absolute deviation is measured how much the values in the data set are likely to differ from the mean.

According to these three facts, which statements are true?

Circle W has center (−3, 0) and radius 8.
Circle V is a translation of circle W, 2 units down.
Circle V is a dilation of circle W with a scale factor of 2.


Select each correct answer.

The radius of circle V is 16.

The center of circle V is (−5, 0).

Circle V and circle W have the same center.

Circle V and circle W are similar.

Answers

a.

Circle W centre is (-3,0) - (0,-2)* = (-3,-2)

*note that the centre of the circle W is going down by 2 units this only affects the y axis hence the substraction

A dilation of a factor of 2 does not change the centre of the circle rather the radius ( the size of the circle decreases and hence the radius)

So now the radius becomes 8 UNITS/2 = 4UNITS

From the statements given,neither is correct

please i really need help right now 25 points

Answers

Answer:

C.

Step-by-step explanation:

1) domain is: x≥7; range f(x)≥9.

2) answer C

Find the Value of X.

Answers

Answer:

  x = 50

Step-by-step explanation:

The marked angles are vertical angles, so are congruent.

  3x -3 = 147 . . . . congruent angles have equal measures

  x -1 = 49 . . . . . divide by3

  x = 50 . . . . . . add 1

im sorry i just suck i need help again pllsssssssssssss

Answers

ur answer is D i hope this helped!

K'Drien has a recipe that needs 3/4 tablespoon of butter for every 2
cups of milk. If K'Drien increases the recipe such that he uses 6
cups of milk, how many
tablespoons of butter will he need?

Answers

Answer:

6/4. Simplified, is 1 2/4

Step-by-step explanation:

4x+3(x-1)=67 solve for x

Answers

Answer:

x = 10

Step-by-step explanation:

Answer:

[tex]\bf x=10[/tex]

Step-by-step explanation:

[tex]\tt 4x+3(x-1)=67[/tex]

Use the distributive property to multiply 3 by x-1:-

[tex]\tt 4x+3x-3=67[/tex]

Combine 4x and 3x = 7x:-

[tex]\tt 7x-3=67[/tex]

Add 3 to both sides:-

[tex]\tt 7x=70[/tex]

Divide both sides by 7:-

[tex]\tt \cfrac{7x}{7} =\cfrac{70}{7}[/tex]

[tex]\tt x=10[/tex]

Jim drank 245 cups of orange juice and Jack drank 1110 cups less than Jim.

How much juice did jack drink? Explain your answer.


(i need a good explanation or i will get it wrong:(

Answers

Answer:

Step-by-step explanation:

Jim drank 2 and 4/5 orange juice

2and 4/5=14/5 orange juice

jack drank  1and 1/10 less than Jim= 11/10 less than Jim

I introduce the whole numbers into the fractions

we will convert the number 14/5 into a fraction that has the denominator 10, by multiplying by 2 both numerator and denominator

(14/5 )*2=28/10

Now we can find out how much juine Jack drank

28/10- 11/10= 17/10

so Jack drank 17/10 orange juice , the fraction can be written also as

1 and 7/10

Could someone help me to find the answer for this question, pls help

Answers

They answer is: summer at both the poles

Nolan is following his family's macaroni and cheese recipe. The recipe calls for 6 cups of shredded cheese and 4 tablespoons of milk. He wants to make a smaller bath, so he uses only 3 cups of shredded cheese How much milk does Nolan need for this smaller batch _____ tablespoons

Answers

Nolan will need 2 table spoons of milk for a smaller batch of his family’s macaroni and cheese recipe.

Please help me thank you!

Answers

Answer:

46.7%

Step-by-step explanation:

The fraction of youths preferring printedbooks

= 21/(21+24)

= 21/45

= 21 *100 / 45

= 46.67%

Find the value of n.

Answers

Answer:

n=45

Step-by-step explanation:

Sum of interior angles can be calculated using formula: 180(number of sides - 2).

Hexagon has: 720 degrees. we subtract two right angles and get 4x=540. The x is the angle supplement to n. x=135 => 180-x=35 => n=45.

Stephanie
invests $6,688 in a savings
account with a fixed annual interest rate of
2% compounded 6 times per year. What
will the account balance be after 5 years?

Answers

Answer:

$7,390.15

Step-by-step explanation:

A = $7,390.15

A = P + I where

P (principal) = $6,688.00

I (interest) = $702.15

First, convert R as a percent to r as a decimal

r = R/100

r = 2/100

r = 0.02 rate per year,

Then solve the equation for A

A = P(1 + r/n)^nt

A = 6,688.00(1 + 0.02/6)^(6)(5)

A = 6,688.00(1 + 0.0033333333333333)^(30)

A = $7,390.15

Summary:

The total amount accrued, principal plus interest, with compound interest on a principal of $6,688.00 at a rate of 2% per year compounded 6 times per year over 5 years is $7,390.15.

Consider a standard deck of 52 cards (13 cards each in 4 suits, clubs, spades, diamonds and hearts). What is the probability of picking out a jack of spades and then, without replacing the card to the deck, pick out a jack of diamonds?

Answers

Answer:

1/2652

Step-by-step explanation:

52 cards    one jack spades      1/52

now 51 cards left   one jack diamonds   1/51

1/52 * 1/51 = 1 / 2652

What was done to the linear parent function, f(x) =X, to get the function g(x) =X1/5x

Answers

f(x) = x becomes g(x) = (1/5)x through vertical compression by a factor of 5.

1 in = 12 ft
1 in = 4 ft
Above are two different diagrams of the same backyard. If the length of the diagram on the left is 6 in, what is the length of the
diagram on the right?
OA. 19 in
ОВ.
18 in
OC. 2.00 in
OD. 9 in

Answers

Answer:

c 2.00 in vec ay se the back yard

The probability that Lexie is on time for a given class is 95%. If there are 32 classes during the semester, what is the best estimate of the number of times out of 32 that Lexie is on time to class? Round your answer to the nearest integer.

Answers

Answer:

between 31 and 29 classes

Step-by-step explanation:

The best estimate of the number of times out of 32 that Lexie is on time to class is 30.4.

What is probability?

It is a branch of mathematics that deals with the occurrence of a random event.

Given:

The probability that Lexie is on time for given class is 95% and there are 32 classes during the semester.

So,

=32 * 0.95

= 30.4

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I need help pls help pls help im writing this so this thing will stop bugging me to have a longer sentence

Answers

Answer:

The slope is 6

Step-by-step explanation:

m = y2 - y1/x2 - x1

ΔX = 3 – 2 = 1

ΔY = 7 – 1 = 6

6/1 = 6

Andrea spelled 18 out of 24 words correctly on a test. What percent of the words did
Andrea spell correctly?

Answers

Answer:

75%

Step-by-step explanation:

18x100/24= 75
So, 75%

Helium is a gas lighter than air that is used in balloons. The density of
helium is approximately 0.14 kilograms per cubic meter. You get 5 helium balloons for your 5th birthday, each with a volume of 14 cubic meters. How many kilograms of helium do the balloons contain, to the nearest hundredth?

Answers

Using proportions, given the density value, it is found that the ballons contain 9.8 kilograms of helium.

What is a proportion?

A proportion is a fraction of a total amount.

In this problem, we have that each ballon contain 0.14 kilograms per cubic meter.

You get 5 ballons, each with 14 cubic meters, hence the total volume is given by:

V = 5 x 14 = 70 m³.

Applying the density, we have that the total mass is given by:

M = 0.14 x 70 = 9.8 kilograms.

More can be learned about proportions at https://brainly.com/question/14398287

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If the measure of angle 1 is (3 x minus 4) degrees and the measure of angle 2 is (4 x + 10) degrees, what is the measure of angle 2 in degrees?

Answers

Answer:

its 58

Step-by-step explanation:

The measure of angle 2 is 58 degrees

How to determine the measure of angle 2?

The figure that completes the question is added as an attachment

The given parameters are:

Angle 1 = 3x - 4Angle 2 = 4x + 10

Both angles add up to 90 degrees.

So, we have:

3x - 4 + 4x + 10 = 90

Evaluate the like terms

7x = 84

Divide both sides by 7

x =12

Substitute x =12 in Angle 2 = 4x + 10

Angle 2 = 4 * 12 + 10

Evaluate the expression

Angle 2 = 58

Hence, the measure of angle 2 is 58 degrees

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PLEASE HELP! Need answer fast

Answers

Answer:

B.

Step-by-step explanation:

Because if you look closely you will be able to tell which answer it is by looking at the way the shape formed andjust breakaprt the shape .

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