A person invests 1000 dollars in a bank. The bank pays 6.75% interest compounded monthly. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 2500 dollars?

Answers

Answer 1

Interest on interest, or compound interest, is the adding of interest to the principal sum of a loan or deposit. The time for which the person must leave the money in the bank until it reaches $2500 is 1.2.

What is compound interest?

Interest on interest, or compound interest, is the adding of interest to the principal sum of a loan or deposit. It's the outcome of reinvesting interest rather than paying it out so that interest is received on the principal plus previously collected interest in the next quarter.,

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

where A is the final amount

P is the principal amount

r is the rate of interest

n is the number of times interest is charged in a year

t is the number of years

The principal amount is 1000 dollars, while the rate of interest is 6.75% which is compounded monthly. Therefore, the time it will need for the account to reach $2500 is,

2500 = 1000[1+(0.0675/12)¹²ˣⁿ

2.5 = (1.0675)¹²ⁿ

log(2.5)\ log(1.0675) = 12n

14.0278 = 12n

n = 1.1689 ≈ 1.2

Hence, the time for which the person must leave the money in the bank until it reaches $2500 is 1.2.

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Answer 2

Answer: 13.6 years

Step-by-step explanation: Dealta Math Answer


Related Questions

Find out the sum by suitable arrangement.
1 + 2 + 3 + 4 + 5 + 95 + 96 + 97 + 98 + 99

Answers

1 + 2 + 3 + 4 + 5 + 95 + 96 + 97 + 98 + 99. = 500

Answer:

500

Step-by-step explanation:

rearrange the sum as

(99 + 1) + (98 + 2) + (97 + 3) + (96 + 4) + (95 + 5)

= 100 + 100 + 100 + 1000 + 100

= 5 × 100

= 500

2. Given the following angle measurements for a triangle, find the remaining angle.

a. 53, 69

b. 105, 47

c. 90, 25

Answers

All the angles in a triangle add to 180
a. 180 - (53 + 69) = 180 - 122 = 58
b. 180 - (105 + 47) = 180 - 152 = 28
c. 180 - (90 + 25) = 180 - 115 = 65

What is the x-intercept of this function?

Answers

Answer:

(3,0)

Step-by-step explanation:

Write the following phrase as an algebraic expression. Use x for the unknown number.
The sum of -8 and four times a number.

Answers

Answer:   -8+4x

Work Shown:

x = unknown number

4x = four times the unknown number

-8+4x = sum of -8 and the previous expression

-8+4x is the same as 4x+(-8) or 4x-8

The perimeter of this square is 24x – 20. Which expression represents the length of a side?

6x – 5
12x – 5
4x – 4

Answers

Answer:

6x-5

Step-by-step explanation:

We have to find 2 sides added together, so we do (24x-20)/2=12x-10. (12x-10)/2=6x-5, so it is 6x-5.

Classify the triangle by its angles and sides
A. Right scalene
B. Obtuse isosceles
C. Acute scalene
D. Right isosceles

Answers

Answer; A: Right scalene. Square on the corner tells you it's a right triangle. It's a scalene triangle because none of the sides are equal.

if x²+y²=20 and x-y=6 how is x.y?

Answers

Answer:

xy = - 8

Step-by-step explanation:

note that

(x - y)² = x² + y² - 2xy , that is

6² = 20 - 2xy

36 = 20 - 2xy ( subtract 20 from both sides )

16 = - 2xy ( divide both sides by - 2 )

- 8 = xy

[tex](x-y)^2=x^2-2xy+y^2[/tex]

Therefore

[tex]6^2=20-2xy\\36=20-2xy\\2xy=-16\\xy=-8[/tex]

Lin surveyed a class of sixth-graders asking how many hours they spend online every month.​

Answers

They spend about three hours a day online

7 x 3 1/4 = in fraction

Answers

Answer:

22 3/4

Step-by-step explanation:

divide 1/4 which is 0.25, then add 3 to that, then multiply it by 7 which is 22.75

then convert it back into a fraction which is 22 3/4

What are the solutions for the following system of equations?
3x² + 4y - 21
4x² + y = 10
(1,6) and (0, 10)
(-1,6) and (1. 6)
(1,6) and (3, 12) G1
(-1, 6) and (3. 12)​

Answers

We will use graphical way to solve these

3x²+4y-21=04x²+y=10

Graph both

The solutions are

(±1.209,4.154)

None of the above

( -16 + 12 ) ÷ ( -4 + 2 ) = What is the Answer

Answers

(-16+12)/(-4+2)= (-4)/(-2)= 2

In an urn there are 6 red balls, 4
blue balls and 10 yellow balls.
What is the probability of
choosing a yellow ball?

Answers

Answer:

1/2  /   50% chance

Step-by-step explanation:

There are 10 yellow out of 20 (6 + 4 + 10 = 20) balls.

So, the probability is 10 / 20

Or, 1 / 2 (which is the same thing as 50% chance)

(chance = probability)

Mariano is standing at the top of a hill when he kicks a soccer ball up into the air. The height of the hill is h feet, and the ball is kicked with an initial velocity of v feet per second. The height of the ball above the bottom of the hill after t seconds is given by the polynomial −16t2 + vt + h. Find the height of the ball after 4 seconds if it was kicked from the top of a 25 foot tall hill at 72 feet per second.

Answers

Answer:

57 f

Step-by-step explanation:

-16t² + vt + h

-16(4 s)² + (72 f/s)(4 s) + (25 f)

-256 + 288 + 25 = 57

y= -x - 8x - 16 how many solutions

Answers

Answer:

1 solution

Key:

Assume x is the the range x > 0 ≥ 1, in other words, assume x is equal to 1.

Step-by-step explanation:

[tex]y = -x - 8x - 16\\= -x - 8x\\= 9x\\= 9x - 16[/tex]

i needs help please ​

Answers

Answer:

Step-by-step explanation:

What is 3.9443.9443, point, 944 rounded to the nearest hundredth?

Answers

Answer:

3.94

Step-by-step explanation:

3.944     rounded to nearest hundredth  = 3.94    becuase the thousandth digit is <5  you do not change the hundredth

Find the value of x and y​

Answers

Answer:

x = 1

y = -3

Step-by-step explanation:

cos(pi) = -1

so many ways :

sqrt(0.5/2) = sqrt(0.5/2 × 8/8) = sqrt(4/16)

= sqrt(0.5/2 × 18/18) = sqrt(9/36)

= sqrt(1/4) = 1/2

"nicest" approach (all integers) :

3x² = sqrt(9)

3x² = 3

x² = 3/3 = 1

x = 1

2y = sqrt(36)

2y = 6

y = 6/2 = 3

one of them has to be negative (because cos(pi) = -1), so it has to be y, because 3x² cannot be negative with real numbers.

so, y = -3

-1 × 3×1²/(2×-3) = sqrt(0.5/2) = 1/2

-1 × 3/-6 = 1/2

3/6 = 1/2

1/2 = 1/2

correct

Solve for N:
A_-21
B_21
C_-96
D_96

Answers

Step-by-step explanation:

n + 5 = -16

n = -21

The correct option is -21

Given that the quadrilateral is a parallelogram, find the values of x, y and z.

Answers

Answer:

x=9

y=4

z=4

Step-by-step explanation:

9x-13=7x+5

9x-7x=5+13

2x=18

x=18/2=9

3y=12

y=12/3=4

11z-41=5z-17

11z-5z=-17+41

6z=24

z=24/6=4

calculates the first term of an arithmetic progression of 4 terms and ratio equal to 4 whose sum is 100

Answers

The first term of an arithmetic progression of 4 terms and ratio equal to 4 whose sum is 100 is 19.

How to calculate arithmetic progression?

The first term of an arithmetic progression can be calculated using the following expression:

Sn = n/2 [2a + (n − 1)d]

Where;

a = first termUn = sumn = no of termsd = common ratio

100 = 2 [2a + (4 - 1)4]

100 = 4a + 24

4a = 100 - 24

a = 76/4

a = 19

Therefore, the first term of an arithmetic progression of 4 terms and ratio equal to 4 whose sum is 100 is 19.

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What is true about AngleQRT? Select two options.

Measure of angleQRT = 90°
Measure of angleQRT = Measure of angleSRT
AngleQRT Is-congruent-to AngleSTQ
Measure of angleQRT = 2*Measure of angleRTQ
AngleQRT Is-congruent-to AngleRTQ

Answers

The complete question is

"Triangle QST is isosceles, and Line segment R T bisects AngleT. Triangle Q S T is cut by bisector R T. The lengths of sides S T and Q T are congruent. Line segments S R and R Q are congruent. Angles S T R and R T Q are congruent. What is true about AngleQRT?

Select two options. Measure of angleQRT = 90° Measure of angleQRT = Measure of angleSRT AngleQRT Is-congruent-to AngleSTQ Measure of angleQRT = 2*Measure of angleRTQ AngleQRT Is-congruent-to AngleRTQ"

The true about AngleQRT options are A abd B; ∠QRT = 90 and ∠QRT = ∠SRT

What is the congruent triangle?

Two triangles are said to be congruent if the length of the sides is equal, a measure of the angles are equal and they can be superimposed.

Given information;

The triangle QST is isosceles with QT ≅ ST.

The ∠STR and ∠RTQ are congruent.

Now, consider two triangles ∠QTR and ∠STR

In the following triangle

TR  ≅  TR

QTR ≅ STR

QT ≅ ST

Now, according to SAS rule, two congruent triangles have congruent corresponding to their sides,

1. QR ≅ SR

2. QRT ≅ SRT

Since the above two angles are congruent so, they will have the same measure

That will be 90 degree.

Hence, The correct options are; ∠QRT = 90 and ∠QRT = ∠SRT

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SOMEBODY PLEASE JUST HELP ME I DON'T KNOW

Answers

Answer:

Step-by-step explanation:

B is at (-3,-2) Multiply by 3: (-9,-6)

O is at (2,-1)  Multiply by 3: (6,-3)

T is at (-3,3) Multiply by 3: (-9,9)

Hope this helps!!

The point at which three or more lines intersect is the point of _____ concurrency. concurrency. tangency. equality. parallelism.

Answers

The point at which three or more lines intersect is the point of concurrency.

What is the point where three line intersect?

The point were three lines meet or intersect is a point of concurrency.

In other words, a point of concurrency is where three or more lines intersect in one place.

This point of concurrency is a single point shared by three or more lines.

Perpendicular bisectors, and altitudes are concurrent in every triangle.

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Answer:

concurrency

Step-by-step explanation:

Look above for more

Need help with this fast

Answers

Answer:

C

Step-by-step explanation:

Formula for the volume of a cone :

Volume (cone) = 1/3πr²h

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

Given :

⇒ r = 4 units

⇒ h = 21 units

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

Solving :

⇒ Volume (cone) = 1/3 × π × (4)² × 21

⇒ Volume (cone) = 16 × 7 × π

⇒ Volume (cone) = 112π units²

Answer:

[tex]\sf C. \quad 112 \pi \:units^2[/tex]

Step-by-step explanation:

[tex]\textsf{Volume of a cone}=\sf \dfrac{1}{3} \pi r^2 h \quad\textsf{(where r is the radius and h is the height)}[/tex]

Given:

radius = 4 unitsheight = 21 units

Substituting the given values into the formula:

[tex]\implies \sf Volume=\dfrac{1}{3} \cdot \pi \cdot 4^2 \cdot 21[/tex]

[tex]\implies \sf Volume=112 \pi \:units^2[/tex]

Which is the graph of 5 log (x + 3)?

Answers

Graph is in attached image.

Sue has 18 sweets.
Tony also has 18 sweets.
Sue gives Tony x sweets.
Sue then eats 5 of her sweets.
Tony then eats half of his sweets.
Write the expression for the number of sweets Sue and Tony now have

Answers

Answer:

Sue : 13 - x  Tony :  x/2 + 9

Step-by-step explanation:

                                                 Sue                  Tony

_________________________________________________

initial number of sweets               |   18                   |      18

                                                       |                          |

Sue gives Tony x sweets              |   18 - x              |      18 + x

                                                       |                          |

Sue ,eats 5 of her sweets. and   |  18 - x - 5 =       |      (18 + x)/2 =

Tony ,eats half of his sweets        | 13 - x                |     9 + x/2

What is the degree of the polynomial 6x^2+x^9+5x^7+20x^6

Answers

The degree of a polynomial is the highest exponent of the algebraic expression.

[tex]6 {x}^{2} \: + \: {x}^{ \boxed{ \bold{9}}} \: + \: 5 {x}^{7} \: + \: 20 {x}^{6} [/tex]

R// The degree of the polynomial is 9

MissSpanish

Please show your work! I'll give brainliest as well, thanks in advance!

Answers

The area of a circle is defined as [tex]\pi(r^{2})[/tex], where r = 4.3 here. 4.3^2 ≅ 18.49, so the area of the full circle is 18.49π.
The shaded section covers 12 degrees of the full 360 degrees in a circle, or 1/30th of the area. Therefore, the area of the shaded section is equal to [tex]\frac{18.49\pi}{30}[/tex], or about 1.936. In this question's context, that would be 1.936[tex]in^{2}[/tex].

if x=2, and y=-3, then xy^2 =

Answers

Answer:

36

Step-by-step explanation:

If x = 2 and y = -3...

xy^2=

(2)(-3)^2 =

-6^2 =

36

XY times 2=

(-6)(2) =

-12

Answer:

18

Step-by-step explanation:

First you must fill input the values into their variable counterparts:

xy^2 turns into: 2 * -3 ^2

Since there isn't a parenthesis around x AND y, the exponent only applies to the y value.

-3 ^2 = 9, so 2 x 9 = 18

xy^2 = 18 if x =2 and y = -3

the sum of 6 and the product of 8 and x

Answers

Answer:

6+8x

Step-by-step explanation:

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