What is the probability of getting a ten or a jack from a deck of pocker cards

Answers

Answer 1

The probability of getting a 10 or a jack from a deck of poker cards (52 cards) is 15.38%.

What is probability?

Probability is concerning about numerical description  

Is how likely is an event is occur or how likely it is true.

As per the given sequence -

there are four 10 cards and  four jack cards respectively

4+4=8

If you want to get one from the  52 cards, so it's 8 out of 52. 8/52

To calculate the percentage, you must  multiply 8 by 100, then divide by 52.

Thus,

8*100/52=15.38

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Related Questions

3. Diana uses 30 grams of coffee beans to
make 48 fluid ounces of coffee. When
company comes she makes 96 fluid ounces of coffee. How many grams of coffee
beans does Diana use when company comes?
A. 160
B. 60
C. 98.2
D. 14.4

Answers

Answer:

Step-by-step explanation:

The grams of coffee beans Diana uses when the company comes is:

                                              62.5 grams

Select all the correct locations on the table.
Classify each situation as an exponential growth, exponential decay, or linear relationship.
A catering company purchased a delivery van
for $25,000. After 2 years, the value of the van
was $17,500. After 4 years, the value of the van
was $12,250.
At the beginning of the day, a laptop had 100%
battery life. After 3 hours, the laptop had 60%
battery life. After 6 hours, it had 20% battery life.
A tiger reserve had an initial population of
20 tigers. After 5 years, the population was
30 tigers. After 10 years, the population was
45 tigers.
exponential growth
exponential decay
linear

Answers

The required answer choices are (i)exponential decay (ii) linear and (iii) exponential growth

What are exponential growth and exponential decay?

Quantities that fluctuate quickly are subject to exponential growth and decay. The idea of geometric progression has been used to infer exponential growth and decay. Exponential growth or exponential decay are terms used to describe quantities that vary exponentially rather than continuously.

From question,

1) The first question is like, initially delivery van price is $25,000 after 2 years, the value of the van becomes $17,500

This means it is decaying. The difference between the initial price and after 2 years price is $7500.

To be linear, further after 2 years, or from start after 6 years, the price should be $10000. But it is given to be $12250.

Thus exponential decay.

2) In the second, Initially, a laptop had 100% battery life. After 3 hours, the laptop has 60% battery life. Thus the loss in 3 hours is (100 - 60) = 40%.

After 4 hours, the loss is (60 -20) = 40%

As the loss is the same in equal intervals of time, the decay is linear.

3) In the third one, A tiger reserve had an initial population of 20 tigers.

After 5 years the population was 30 tigers, thus the growth is (30-20) =10.

After 10 years, the population was 45 tigers. Thus the growth is (45-30) = 15.

Thus the increase is non-linear, and so is exponential growth.

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Insert a monomial such that each expression can be rewritten as the square of a sum or the square of a difference.

0.01 b²+.....+100 c²
0.01 b²+____+100 c²

Answers

The monomial that completes the expression 0.01 b²+.....+100 c² is 2bc

How to determine the monomial that completes the expression?

From the question, we have the following parameters that can be used in our computation:

0.01 b²+.....+100 c²

Complete the expression with a variable

So, we have

0.01 b² + x + 100 c²

The given terms of the expression are factors/multiples of 10

By trial and error, we make use the following representation

0.01 b² + x + 100 c² = (0.1b + 10c)²

Expand the expression

0.01 b² + x + 100 c² = 0.01 b² + 2bc + 100 c²

Evaluate the like terms

x = 2bc

Hence, the monomial is 2bc

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At the beginning of each quarter, rupees 2000 is deposited in the savings account which pays an interest of 10% p.a compounded quarterly. Find the balance in the account after 5 years.​

Answers

To find the balance in the account after 5 years, we need to calculate the compound interest earned on the initial deposit of rupees 2000. The interest is compounded quarterly, so there are 4 quarters in a year and a total of 20 quarters over 5 years.

The formula for compound interest is:

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

Where A is the total amount in the account (principal plus interest), P is the initial principal, r is the annual interest rate, n is the number of times the interest is compounded per year, and t is the number of years.

Plugging in the values for this problem, we get:

A = 2000(1 + 10/4)^(4*5)

Calculating this expression, we find that the balance in the account after 5 years is rupees 4183.84. This is the total amount in the account, including both the initial deposit of rupees 2000 and the compound interest earned over the 5 year period

i have no idea how to do this can anyone help

Answers

The long term behavior of the rational function f(x) = (x² - 3) / (x³ + 2) is 0, for the rational function g(x) = (x³ - 3) / (x³ + 2) is 1 and for the rational function h(x) = (x⁴ - 3) / (x³ + 2) does not exist.

How to determine the long run behavior of a rational function

In this case we find three rational functions, that is, functions of the form:

m(x) = p(x) / q(x)

Where:

p(x) - Function numerator.q(x) - Function denominator.

Please notice that both numerator and denominator are polynomic functions, the long run behavior of the function depends on the grades of numerator and denominator according to these rules:

If the grade of the numerator is greater than the grade of the denominator, then long run behavior is divergent as x → ± ∞.If the grade of the numerator and the grade of the denominator are the same, then the function tends to a / b as x → ± ∞, where a and b are the lead coefficients of the numerator and the denominator, respectively.If the grade of the numerator is less than the grade of the denominator, the function tends to be 0 as x → ± ∞.

Now we proceed to analyze the long run behavior of each rational function:

Case 1: f(x) = (x² - 3) / (x³ + 2)

Grade of numerator: 2, grade of denominator: 3

Result: 0

Case 2: g(x) = (x³ - 3) / (x³ + 2)

Grade of numerator: 3, grade of denominator: 3

Result: 1

Case 3: h(x) = (x⁴ - 3) / (x³ + 2)

Grade of numerator: 4, grade of denominator: 3

Result: N / A

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From the graph, estimate what numbers should go into the empty cells in the first two columns. Do not complete the columns on the right of the dividing line. ​

Answers

The first two columns of the table, considering logarithms, are completed as follows:

2 - 10^0.3.5 - 10^0.7.9 - 10^(0.95).4 - 10^(0.6).2.51 - 10^(0.4).

How to complete the table?

The table is completed in this problem applying the logarithms.

This is because on the first column we had that:

10^(0.3) = 2, which means that log10(2) = 0.3.

(log10(x) represents the logarithm of base 10 of x).

For the second row, the decimal approximation is found applying the power of 10^0.7, hence:

10^0.7 = 5.

For the third and fourth rows, to obtain the power of 10 expression, we need to calculate the logarithms of these numbers, as follows:

log10(9) = 0.95.log10(4) = 0.6.

Hence the power of 10 expressions are given as follows:

9 = 10^(0.95).4 = 10^(0.6).

For the fifth row, we just need to calculate the exponential expression, hence:

10^(0.4) = 2.51.

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50 POINTS URGENT!
Choose the expression that is equivalent to the quantity 7 raised to the negative second power times 7 raised to the third power end quantity all raised to the negative third power.

Group of answer choices

−76

1 divided by 7 raised to the third power

negative 1 divided by 7 raised to the sixth power

718

Answers

Answer:

1 divided by 7 raised to the third power

Step-by-step explanation:

To find the equivalent expression, we can start by applying the rule for multiplying powers with the same base:

(7^(-2)) * (7^3) = 7^(-2+3) = 7^1 = 7

Then, we can apply the rule for raising a power to a power:

7^1 = (7^1)^(-3) = 7^(-3)

Finally, we can apply the rule for raising a number to a negative power:

7^(-3) = 1 / (7^3) = 1 / 343 = 1/7^3

Therefore, the equivalent expression is 1 divided by 7 raised to the third power.

what is (3z+1)+(1+7z)

Answers

Answer:

10z + 2

Step-by-step explanation:

combine the like terms

3z + 7z = 10z

1 + 1 = 2

10z + 2

Find a rectangular equation for the plane curve defined by the parametric equations.

X = t + 4, y = t^2 ; - ∞ < t < ∞

Answers

Answer:

[tex]y=x^2-8x+16[/tex]

Step-by-step explanation:

[tex]x=t+4 \implies t=x-4 \\ \\ y=(x-4)^2=x^2-8x+16[/tex]

Select the correct answer. Solve for x. x2 + 4x - 21 = 0 A. -3, -7 B. -3, 7 C. 3, -7 D. 3, 7

Answers

Answer:

Answer:  the correct option is(C) 3, -7.

Step-by-step explanation:

The discount d is 50% of the list price L

Answers

The expression for the discount will be written as d = 0.5L.

What is an expression?

The mathematical expression combines numerical variables and operations denoted by addition, subtraction, multiplication, and division signs.

Mathematical symbols can be used to represent numbers (constants), variables, operations, functions, brackets, punctuation, and grouping. They can also denote the logical syntax's operation order and other properties.

Given that the discount d is 50% of the list price L. The expression for the discount will be written as below,

Discount = 50% of the list price

d = ( 50 / 100) x L

d = 0.5L

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help meeeeeeeeeee pleaseee

Answers

(a) 794g of the initial sample will be left in the sample after 25 years. (b) Time taken to decay to half of its original amount is 3.39 years.

Isotopes(200g) are atoms that have the same number of protons in their nucleus, but a different number of neutrons. This means that they have the same atomic number, but a different atomic mass. Because of this, isotopes have different physical and chemical properties. Isotopes can be stable, meaning that they do not undergo radioactive decay, or they can be unstable, meaning that they will undergo radioactive decay over time.

(a) Substituting 25 for t in the expression, we get:

[tex]A(25) = 200e^{0.0541 \times 25}[/tex]

         [tex]= 200e^{1.3525}[/tex]

Thus, after 25 years, there will be

[tex]200e^{1.3525} = 2003.97[/tex]

794 g of the initial sample left in the sample.

(b) We want to find t such that

[tex]A(t) = 200e^{0.0541}[/tex]                                          

       = 100.

Solving for t, we get:

[tex]= 200e^{0.0541} \times t=100[/tex]

Dividing both sides by 200 and applying the natural logarithm to both sides, we get:

0.0541 × t = ln(0.5)

Therefore,

[tex]t = \frac{ln(0.5)}{0.0541}[/tex]

  = 3.39 years.

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During a sale, a store offered a 25% discount on a bed that originally sold for $890. After the sale, the discounted price of the bed was marked up by 25%. To the nearest whole number, what percent of the original price was the price after markup?

Answers

The percent of the original price was the price after markup will be 6.29%.

What is the percentage?

The amount of any product is given as though it was a proportion of a hundred. The ratio can be expressed as a quarter of 100. The phrase % translates to one hundred percent. It is symbolized by the character '%'.

The percentage is given as,

Percentage (P) = [Final value - Initial value] / Initial value x 100

During a deal, a store offered a 25% rebate on a bed that initially sold for $890. After the deal, the limited cost of the bed was increased by 25%.

The marked-up price is given as,

⇒ $890 x (1 - 0.25) x (1 + 1.25)

⇒ $890 x 0.75 x 1.25

⇒ $834

The percentage is given as,

P = [(890 - 834) / 890] x 100

P = (56 / 890) x 100

P = 0.0629 x 100

P = 6.29%

The percent of the original price was the price after markup will be 6.29%.

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Answer: 94%

Step-by-step explanation:

Find what percent of the original price this represents:

$834.375 / $890 = 0.9375

0.9375 × 100 = 93.75%

93.75% ≈ 94%

Round to the nearest whole number

The price after markup was 94% of the original price.

WILL MARK BRAINLIEST PLEASE HELP ME ‼️‼️‼️‼️‼️‼️

NEED #13 AND #14 ‼️‼️

PLEASE HELP ME I NEED THIS FINISHED ASAP IM DOING OVERDUE ASSIGNMENTS FOR MATH I NEED THIS PELASE

Answers

Answer:

Step-by-step explanation: Q13 Find the perimeter of the shape

42x *2=84x

72x*2=72x

Perimeter=84x+72x=156x

Q14 Find the perimeter of the shape just add up 3x +(4x+8)+3(x-2)

=3x+4x+8+3*x+3 *-2

=3x+4x+8+3x-6

=3x+4x+3x+8-6......add together like terms and number terms

=10x+2

Answer:

13.) 156x

14.) 10x + 2 or 2( 5x + 1)

Step-by-step explanation:

13.)perimeter of a parallelogram is

p = 2(a + b)

P = 2( 36x + 42x)

P = 2( 78x )

P = 156x

14.) perimeter of a scalene triangle

P = a + b + c

P = 3x + 3(x – 2) + 4x + 8

P = 3x + 3x –6 + 4x +8

P = 6x + 4x –6 + 8

P = 10x + 2

in factorise form

P = 2(5x + 1)

I hope this helps pls rate as brainliest

Solve the equation -3.98=x-11.24

Answers

Answer:

x = 7.26

Step-by-step explanation:How to solve your problem:

1. Add 11.24 to both sides

-3.98 = x - 11.24

-3.98 + 11.24 = x - 11.24 + 11.24

2. Simplify

Add the numbers:

-3.98 + 11.24 = x - 11.24 + 11.24

7.26 = x - 11.24 + 11.24

Add the numbers:

7.26 = x - 11.24 + 11.24

7.26 = x

Move the variable to the left:

7.26 = x

x = 7.26

Solution:

x = 7.26

I hope my answer helped you! If you need more information or help, comment down below and I will be sure to respond if I am online. Have a wonderful rest of your day!

Answer:

x = 7.26

Step-by-step explanation:

Isolate the variable, x. Note the equal sign, what you do to one side, you do to the other.

First, add 11.24 to both sides of the equation:

-3.98 = x - 11.24

-3.98 (+11.24) = x - 11.24 (+11.24)

Next, simplify.

11.24 - 3.98 = x

x = 7.26

x = 7.26 is your answer.

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Sum of -5a + 6 and 3a + 2

Answers

Answer:

:)

Step-by-step explanation:

-5a + 6 + 3a + 2

Combine like terms:
-5a + 3a + 6 + 2

2a + 8 is your answer, you can't simplify it further

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

If you want to solve for the a value:

-5a + 6 = 3a + 2

Subtract 2 from both sides

-5a + 6 = 3a + 2

      - 2          - 2

-5a + 4 = 3a

(The +2 and -2 cancel each other out, it makes 0)

Add +5a to both sides

-5a + 4 = 3a

+5a        +5a

(The -5a and +5a cancel each other out, it makes 0)

4 = 8a

Divide by 8 on both sides

4/8 (OR 1/2 OR 0.5) = a

Thanks for reading my ted talk lol pls mark as brainliest and give lots of points i need them lol help a girl out!!

add like terms
-5a + 3a = 2a
6+2 = 8

make equation
2a + 8

Find the equation of a line parallel to y=−7+4x that passes through the point (-2,-1)

Answers

To find the equation of a line that is parallel to y=−7+4x and passes through the point (-2,-1), we can use the point-slope form of the equation of a line. The point-slope form of the equation of a line is:

y - y1 = m(x - x1)

Where (x1, y1) is a point on the line, and m is the slope of the line.

Since the given line y=−7+4x is in slope-intercept form, we can find the slope by taking the coefficient of x, which is 4. This means that the slope of the line is 4.

We can then use the point-slope form to find the equation of the line that is parallel to y=−7+4x and passes through the point (-2,-1). Plugging in the values for the slope and the point, we get:

y - (-1) = 4(x - (-2))

Simplifying this expression gives us:

y + 1 = 4(x + 2)

Which simplifies to:

y = 4x + 5

So the equation of the line that is parallel to y=−7+4x and passes through the point (-2,-1) is y = 4x + 5.

The expected return on HiLo stock is 13.69 percent while the expected return on the
market is 11.5 percent. The beta of HiLo is 1.3. What is the market risk premium?

Answers

The risk-free rate of return on Hilo stock is 1.58%

What is the market risk premium?

Expected return on the stock=risk free rate beta x (expected market return-risk free rate)

14.08%=risk free rate+1.26 x (11.5%-risk free rate)

14.08%=risk free rate+14.49%-1.26 x risk free rate

0.41=0.26 x risk-free rate

risk-free rate=[tex]\frac{0.41}{0.26} %=1.58%[/tex]%=1.58%

The hazard-free price is the price of going back offered by means of funding that carries 0 risks. each investment asset incorporates a few degrees of threat, however small, So the risk-free price is something of a theoretical concept. In practice, it is taken into consideration to be the hobby price paid on short-time period government debt. the risk-free rate threat-unfastened price of going back no longer genuinely exists, as each investment carries at least a small quantity of hazard.To calculate the actual chance-unfastened charge, subtract the inflation rate from the yield of the Treasury bond matching your funding duration. Crucial banks control the threat-loose fee – nicely understood as the yield on short-term authorities’ payments.That is a risk-free rate fact of financial life but not one that we frequently think about. The capital asset pricing model and present-day portfolio idea take the danger-loose price as “given” instead of as “determined”.

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1. Without solving, explain why the two linear systems below have the same solution. 4x + 2y = 26 x+y=8 4x + 2y = 26 -2x - 2y = -16​

Answers

Answer

The first equation is the same (4x+2y=26), so we only need to compare the second equation. Just by looking at the second equation, you can see that x+y=8 and -2x - 2y = -16 are the same equation because -2 is multiplied to both sides of the equation x+y=8.

"Question 60
Find the probabilities below using a standard 52 card deck.

Answers

By using the concept of probability, it can be calculated that-

1)   P(Ace [tex]\cup[/tex] 5) = [tex]\frac{8}{52}[/tex]

2)  P(Ace [tex]\cap[/tex] 5) = 0

3)  P([tex]Even^c[/tex]) = [tex]\frac{20}{52}[/tex]

4)   P(Even [tex]\cup[/tex] Black) = [tex]\frac{36}{52}[/tex]

5)   P(Face [tex]\cap[/tex] Diamond) = [tex]\frac{3}{52}[/tex]

What is probability?

Probability gives us the information about how likely an event is going to occur

Probability is calculated by Number of favourable outcomes divided by the total number of outcomes.

Probability of any event is greater than or equal to zero and less than or equal to 1.

Probability of sure event is 1 and probability of unsure event is 0.

1) Number of ace card = 4

  Number of '5' card = 4

  P(Ace [tex]\cup[/tex] 5) = [tex]\frac{4}{52} + \frac{4}{52}[/tex]

                    = [tex]\frac{8}{52}[/tex]

2) P(Ace [tex]\cap[/tex] 5) = 0

3) Number of odd numbered cards = [tex]5 \times 4[/tex] = 20 (Assuming the ace is odd)

 Probability of getting an odd numbered card = [tex]\frac{20}{52}[/tex]

  P([tex]Even^c[/tex]) = [tex]\frac{20}{52}[/tex]

4) Number of black coloured even numbered card = 10

   Number of even numbered card = 20

   Number of card of black colour = 26

  P(Even [tex]\cup[/tex] Black) = [tex]\frac{20}{52} + \frac{26}{52} - \frac{10}{52}[/tex]

                              = [tex]\frac{36}{52}[/tex]

5) Number of face cards of diamond = 3

   P(Face [tex]\cap[/tex] Diamond) = [tex]\frac{3}{52}[/tex]

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What is an equation of the line that passes through the points (-4, 8)(−4,8) and (6, 3)(6,3)

Answers

Answer:

y=-1/2x+6

Step-by-step explanation:

slope: -5/10 = -1/2

y=mx+b

y=-1/2x+b

substitute points to find b: 8=-1/2(-4)+b

8=2+b

6=b

Gina puts $ 4500 into an account earning 7.5% interest compounded continuously. How long will it take for the amount in the account to grow to $ 5150?
Time in years =

Answers

[tex]~~~~~~ \textit{Continuously Compounding Interest Earned Amount} \\\\ A=Pe^{rt}\qquad \begin{cases} A=\textit{accumulated amount}\dotfill & \$5150\\ P=\textit{original amount deposited}\dotfill & \$4500\\ r=rate\to 7.5\%\to \frac{7.5}{100}\dotfill &0.075\\ t=years \end{cases}[/tex]

[tex]5150=4500e^{0.075\cdot t} \implies \cfrac{5150}{4500}=e^{0.075t}\implies \cfrac{103}{90}=e^{0.075t} \\\\\\ \log_e\left( \cfrac{103}{90} \right)=\log_e(e^{0.075t})\implies \log_e\left( \cfrac{103}{90} \right)=0.075t \\\\\\ \ln\left( \cfrac{103}{90} \right)=0.075t\implies \cfrac{\ln\left( \frac{103}{90} \right)}{0.075}=t\implies\stackrel{\textit{about 1 year and 291 days}}{ 1.8\approx t}[/tex]

Cailen needs at least $150 to buy an X-box. She earns $15 for each lawn she mows and has $30 in savings. Write an inequality to determine how many lawns Cailen must mow to buy an x-box. How many lawns must she mow to buy the x-box?

Answers

total = 15x + 30

EDIT: She has to mow 8 lawns. I didn't read the question

there you go its that simple

At a certain zoo, the average mass of one blue whale is measured to be 190000 kilograms. Use scientific notation to express the mass of 125 blue whales.


PLEASE ONLY ANSWER IF YOU KNOW THE ANSWER, PLEASE DON'T JUST USE IT TO GET THE POINTS!!!!!!!!!!!!!

Answers

The weight of the 125 blue whales in the scientific notation will be 23.75 × 10⁶ kilograms.

What is Algebra?

Algebra is the study of abstract symbols, while logic is the manipulation of all those ideas.

The acronym PEMDAS stands for Parenthesis, Exponent, Multiplication, Division, Addition, and Subtraction. This approach is used to answer the problem correctly and completely.

At a specific zoo, the typical mass of one blue whale is estimated to be 190000 kilograms. Utilize logical documentation to communicate the mass of 125 blue whales.

⇒ 190,000 × 125


Simplify the expression in the scientific notation, then we have

⇒ 190,000 × 125

⇒ 23,750,000

⇒ 23.75 × 10⁶ kilograms

The weight of the 125 blue whales in the scientific notation will be 23.75 × 10⁶ kilograms.

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If you sold 30% of a business for 500 dollars how much is the bussnis worth

Answers

it would be 1600 i hope this helps

26034 i hope this help man pls pls

olivia wants to have a 90 average in algebra, where tests count for 55%, quizzes count for 30% and homework counts for 15%.If she has a 92 test average and 100% HW average, what must her quiz average be? Let x = the average of the

Answers

Olivia wants to have a 90 average in algebra, where tests count for 55%, quizzes count for 30% and homework counts for 15%. The quiz average is 82%.

What do you mean by Average?

It is forming the outcome of multiplying the total of multiple quantities by their sum and then dividing this result by the number of quantities

Given,

She has test count = 55%,

quizzes count = 30%,

homework counts = 15%

If she had

test count = 92%

Homework counts = 100%

quizzes count = ?

Let x be the test count

x = (90 - (0.55(92) + 0.15(100)))/0.30x

  = 82

Olivia must have an 82 average on quizzes in order to have a 90 average in algebra.

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John Morse corporation buys a van for $16,000. The estimated life of the van is four years. The residual value of the van is $4,000. After two years, the van is sold for $8,000. What was the difference between the book value and the amount received from selling the van if John used the straight-line method of depreciation?
A.$4,000
B. $12,000
C. $8,000
D. $2,000

Answers

The difference between book value and the amount received is $2000

What was the difference between the book value and the amount received ?

van cost = $16000

Estimated life= 4 years

Residual value= $4000

using straight line method of depreciation

Depreciation per year= 16000-4000/4= 3000

Therefore book value after two years = $16000- 2*3000= $10000

Selling price of book after 2 years= $8000

hence the difference between book value and the amount received

10000-8000= $2000

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The expression (4k + 8)/4 simplifies to an expression of the form ak+b where a and b are integers. find a/b.

Answers

If the expression  (4k + 8)/4 simplifies to an expression of the form ak + b, then the value of a/b is 1/2

The expression is (4k + 8) / 4

The expression is the mathematical statement that consist of the different variables, numbers and the mathematical operator. The mathematical operators are addition, subtraction, division and multiplication.

The given expression is (4k + 8)/ 4

Solve the expression

(4k + 8) / 4 = 4k/4 + 8/4

Divide the terms

=k + 2

The result is in the form of ak + b

The value of a = 1

The value of b = 2

The value of a/b = 1/2

Therefore, the value of the expression a/b is 1/2

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Which of the following statements is correct based on the number line below?
-8
-6
A
B
C
D
-4 -2
P
200
808
Q
0 2 4
6
√68 is to the right of Point Q because it is less than 8.
√68 is between points P and Q because it is less than 0 and greater than 8.
√68 is between points P and Q because it is greater than 0 and less than 8.
68 is to the right of Point Q because it is greater than 8.

Answers

D. The square root of 68 is 8.264621125 or ≈ 8.2
It’s greater than 8 so it would be to the right of Q

Use the formula A=P\left(1+r/n)^nt to solve the compound interest problem.
Find how long it takes a 1700$ investment to earn 500$ interest if it is invested at 2% interest compounded quarterly.
500$ interest will be earned in approximately years. (Round to the nearest tenth.)

Answers

It will take 12.91 years to earn $ 500 in interest  

What is Compound interest:  

Compound interest refers to the interest added to a loan or deposit. It is the concept that we employ every day on a regular basis. Amounts are based on both the principal amount and Rate of interest when calculating compound interest. 

The formula used for

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

P = Principal amount

r = Rate of interest  

n = Number of compounds in a year  

t = Time period in years

And the formula for

Compound Interest, C.I = A - P    

Here we have

Principal amount = 1700,

Rate of interest = 2% = 2/100  = 0.02 on decimals  

Given that compound interest gained = $ 500

Number of compounds = 4 times

Let a be the time period

By the given formula,

Amount, A = 1700(1+0.02/4)^4t  

= 1700(1+0.005)^4t    

= 1700 (1.005)^4t  

Compound interest = 1700 (1.005)^4t - 1700

From the given data,

Compound interest = $ 500

=> 1700 (1.005)^4t - 1700 = 500

=> 1700 (1.005)^4t = 2200

=> (1.005)^4t = 1.294

Take logs on both sides

=> log (1.005)^4t = log 1.294

=> 4t log (1.005) = log (1.294)

=> 4t = log(1.294)/log(1.005)

=> 4t = 0.111934276/ 0.00216606176      

[ Use calculator for log(1.294) and log(1.005) ]

=> 4t = 51.6764012

=>  t = 12.9191003  

=>  t = 12.91  

Therefore,

It will take 12.91 years to earn $ 500 in interest

     

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