Marco invested $3000 into a fund that is expected to grow by 4.23% per year. How long will it take the fund to be worth $6000?​

Answers

Answer 1
Answer:

[tex]6000 = 3000(1+0.0424)^{t}[/tex]

t = 16.73 years

Step-by-step explanation:

This can be solved using the "exponential growth" formula.

Steps:

A = Final Amount

S = Starting Value

r = rate

c = times in a year ( c = 1 in this equation which is why it's not shown in the actual equation )

1. [tex]A=S(1+\frac{r}{c})^{ct}[/tex] → cancel out S →  [tex]\frac{A}{S} = \frac{S(1+\frac{r}{c})^{ct} }{S}[/tex]

2. [tex]\frac{A}{S} = {(1+\frac{r}{c})^{ct} }[/tex]  → sperate ct from equation by logging both sides (logging a value with an exponent brings the exponent in front of log)  → [tex]log(\frac{A}{S}) = ctlog(1+\frac{r}{c})[/tex]

3. [tex]log(\frac{A}{S}) = ctlog(1+\frac{r}{c})[/tex] → transfer right side log to left side along with the c value to only have t remaining → [tex]\frac{log(\frac{A}{S})}{clog(1+\frac{r}{c})} = \frac{ctlog(1+\frac{r}{c})}{clog(1+\frac{r}{c})}[/tex]

4. Solve for answer: [tex]\frac{log(\frac{A}{S})}{clog(1+\frac{r}{c})} = t[/tex]

Answer 2

Answer: its option D) 17 years

Step-by-step explanation: the answer is 16.7 but you round it up because thats not an option


Related Questions

25
Find the value of
20

Answers

Answer:

[tex]\sqrt{20}[/tex] or 4.472

Step-by-step explanation:

Value of 20

a rectangle measures 1 1/4 by 2 3/4 inches what is the area

Answers

let's firstly convert the mixed fractions to improper fractions, and then get their product.

[tex]\stackrel{mixed}{1\frac{1}{4}}\implies \cfrac{1\cdot 4+1}{4}\implies \stackrel{improper}{\cfrac{5}{4}} ~\hfill \stackrel{mixed}{2\frac{3}{4}}\implies \cfrac{2\cdot 4+3}{4}\implies \stackrel{improper}{\cfrac{11}{4}} \\\\[-0.35em] ~\dotfill\\\\ \cfrac{5}{4}\cdot \cfrac{11}{4}\implies \cfrac{(5)(11)}{(4)(4)}\implies \cfrac{55}{16}\implies 3\frac{7}{16}[/tex]

What is the perimeter of the triangle?

A. 18.3 units
B 9 units
C 15.5 units
D 18.2 units

Answers

Answer:

answer is B, 9 units

Step-by-step explanation:

Answer:

C) 15.5 units

Step-by-step explanation:

(4, 2) reflected over y axis

Answers

(4,2) reflected over the y axis is (-4,2)

A bag of plugs contains 500 pieces. Each piece is $0.03. There is a 10% discount if the customer orders 10 bags or more. How much is a customer paying for 7,000 pieces?

Answers

Answer:

They would be paying $189

The amount of money that the customer paying for 7,000 pieces is $189.

What is an equation?

An equation is an expression that shows the relationship between two or more variables or numbers.

Number of bags for 7000 pieces = 7000/500 = 14

Cost for 7000 pieces = $0.03 * 7000 = $210

Discount = 210 - (0.1 * 210) = $189

The amount of money that the customer paying for 7,000 pieces is $189.

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(2 + 3i) + (3 – 4i)

(3 – 5i) – (–2 – i)

(2 − 4i)(1+ 3i)

2i(−1+ 3i)

Answers

Answer:

See below ~

Step-by-step explanation:

Question 1

(2 + 3i) + (3 - 4i)5 - i

Question 2

(3 – 5i) – (–2 – i)3 - 5i + 2 + i5 - 4i

Question 3

(2 − 4i)(1+ 3i)2 - 4i + 6i - 12i²14 + 2i

Question 4

2i(-1 + 3i)-2i + 6i²-6 - 2i

find the mean and median of 1,1,2,2,2,2,3,3,3,3,3,3,3,3,3,4,4,4,4,4,4,4,4,4,5,5,5,5,5

Answers

Answer:

Mean - 3.3793103448276

Median - 3

Step-by-step explanation:

Define:

Mean ⇒ Average

Median ⇒ Middle Number

Solve:

Mean ( Adding all number then divide by total number in data set)

1 + 1 + 2+2+2+2+3+3+3+3+3+3+3+3+3+4+4+4+4+4+4+4+4+5+5+5+5+5=94

94/29 = 3.3793103448276

Mean - 3.3793103448276

Median ( Find Middle Number)

1,1,2,2,2,2,3,3,3,3,3,3,3,3,3,4,4,4,4,4,4,4,4,4,5,5,5,5,5

Kavinsky

DIGANME YA LES PREGUNTE ALGO

Answers

Answer:

yee yee I'm a rodeo cowboy and I don't know what you mean brother

A 6-sided number cube is rolled. Find the Probability of NOT getting a 2 or 5

Answers

Answer:

4/6

Step-by-step explanation:

each number on the cube has a 1/6 Probability of getting chosen, so since we want the Probability of not choosing these 2 numbers there's 4 numbers out of six that we could get, making it 4/6

Answer: The probability would be 2/4 because there is a chance that a 2 or 5 can be rolled and there is only one two and five and 4 other numbers.

Step-by-step explanation:

what will 7dozen of pencil cost at 1k per dozen​

Answers

Answer: $7000

Step-by-step explanation:

7 * 1000 = $7000

A jewelry designer is making identical bracelets. She has
21 blue beads and 14 red beads. What is the greatest number of bracelets she can make using all of the beads?

Answers

Answer

great common factor of 14 and 21 is 15. so your answer is 15

Complete number pattern 88,79, _,_, 52,43,34

Answers

88, 79, 70, 61, 52, 43, 34

answers: 70 & 61

Please i need your help for number 6

Answers

Conversion:

1 feet = 12 inch

Explanation:

a) 19 inch = 12 inch and 7 inch =  1 feet and  7 inch

b) 38 inch = 36 inch and 2 inch =  3 feet and 2 inch

Find the distance between the points (4,-2), (4,-5)

Answers

[tex]\text{Given that,}\\\\(x_1,y_1) = (4,-2)~~ \text{and}~~ (x_2 ,y_2) = (4,-5)\\\\\text{Distance} = \sqrt{(x_2-x_1)^2 + (y_2 -y_1)^2}\\\\~~~~~~~~~~~~=\sqrt{(4-4)^2 + (-5+2)^2}\\\\~~~~~~~~~~~~=\sqrt{0^2+(-3)^2}\\\\~~~~~~~~~~~~=\sqrt{0+9}\\\\~~~~~~~~~~~~=\sqrt 9\\\\~~~~~~~~~~~~=3[/tex]

Look at the number line below what value does point X show

Answers

Answer:

let xtake the part to be 1.2

Ben's family went to NYC for their vacation. At the gift shop on Liberty Island, Steven bought three t-shirts
and two keychains for $120, and Jennifer bought five t-shirts and four key chains for $212. Find the price of
each item
Each t-shirt is $28 and each keychain is $18
Each t-shirt is $17 and each keychain is $31
Each t-shirt is $31 and each keychain is $17
Each t-shirt is $18 and each keychain is $28

Answers

Answer:

Step-by-step explanation:

Elizabeth's family went to NYC for their vacation. At the gift shop on Liberty Island, Scott bought four t-shirts and five keychains for $291, and Michelle bought seven t-shirts and six key chains for $424. Find the price of each item. Each t-shirt is $31 and each keychain is $34 Each t-shirt is $37 and each keychain is $30 Each t-shirt is $30 and each keychain is $37 Each t-shirt is $34 and each keychain is $31 > Next Question

Previous question

What's solid figure could be formed from the net shown 15 cm 9 cm

Answers

Answer:

triangular pyramid

..................

(y−2)=3(x−1) whats the slope

Answers

Answer:

the slope is 3

The product of two whole numbers is 832 and their sum is 58. What are the two numbers?

Answers

3 and 8

Mark me as brainiest

Answer:

33 and 25

33 + 25 = 58

33 x 25 = 825

Solve for x in 2•8 X 867•5x​

Answers

Step-by-step explanation:

867.5x ×2.8

is is equal to 2429x

please please help will give brainlist

What is the volume of the prism?
it has to be simplest mixed number form

Answers

Step-by-step explanation:

[tex]13 \frac{1}{8} [/tex]

is the required answer

The coordinates of the vertices of a quadrilateral are (8, 11) (11, 7) (8, 3) (2, 3). What is the area, in square units, of the quadrilateral?​

Answers

Check the picture below.

so the quadrilateral is really just a parallelogram below a triangle, so let's simply get the area of each and sum them up.

[tex]\stackrel{\textit{\Large Areas}}{\stackrel{parallelogram}{(6)(4)}~~ + ~~\stackrel{triangle}{\cfrac{1}{2}(6)(4)}}\implies 24~~ + ~~12\implies 36[/tex]

-7a - a=

Explain please

Answers

Step-by-step explanation:

-7a - a

Take common -a from that equation

-a(7+1)

= -8a

Easy peasy

Answer:

- 8a

Step-by-step explanation:

- 7a - a

= - 7a + (- a)

= - 8a

____

Hope it helps ⚜

Amanda works at a store that pays her 7% commission on the total amount of clothes she sells. Last week, she sold $1600.00 worth of clothes. What is the amount of commission Amanda earned last week?

$112
$22.86
$11.2
$228.57

Answers

Answer: $112

Explanation: When you want to find out what the value of a percentage of the total is, you want to multiply the percentage by the total value. Example: 0.07 x 1600 = 112

You wish to test the following claim (
H
a
) at a significance level of
α
=
0.01
.


H
o
:
μ
=
61.5


H
a
:
μ
<
61.5


You believe the population is normally distributed and you know the standard deviation is
σ
=
17.6
. You obtain a sample mean of
M
=
59.1
for a sample of size
n
=
34
.

What is the test statistic for this sample? (Report answer accurate to three decimal places.)
test statistic =


What is the p-value for this sample? (Report answer accurate to four decimal places.)
p-value =

Answers

Using the z-distribution, it is found that the desired measures are given as follows:

The test statistic is z = -0.795.The p-value is of 0.2133.

What are the hypotheses tested?

At the null hypotheses, it is tested if the mean is of 61.5, that is:

[tex]H_0: \mu = 61.5[/tex]

At the alternative hypotheses, it is tested if the mean is less than 61.5, that is:

[tex]H_1: \mu < 61.5[/tex]

What is the test statistic?

The test statistic is given by:

[tex]z = \frac{\overline{x} - \mu}{\frac{\sigma}{\sqrt{n}}}[/tex]

The parameters are:

[tex]\overline{x}[/tex] is the sample mean.[tex]\mu[/tex] is the value tested at the null hypothesis.[tex]\sigma[/tex] is the standard deviation of the population.n is the sample size.

The values of the parameters are given as follows:

[tex]\overline{x} = 59.1, \mu = 61.5, \sigma = 17.6, n = 34[/tex]

Hence, the test statistic is given by:

[tex]z = \frac{\overline{x} - \mu}{\frac{\sigma}{\sqrt{n}}}[/tex]

[tex]z = \frac{59.1 - 61.5}{\frac{17.6}{\sqrt{34}}}[/tex]

z = -0.795.

What is the p-value?

We have a left-tailed test, as we are testing if the mean is less than a value, with z = -0.795. Hence, using a z-distribution calculator, the p-value is of 0.2133.

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HELP ME PLEASE FAST I REALLY NEED THIS DONE NOW

Answers

Answer:

Step-by-step explanation:

What is the coefficient in the mathematical expression?

- 7

point 2 1/3 is on the right of 2 plus 2 small marks

point -5/6 is on the right of -1 plus 1 small mark

point -3 1/2 is on the left of -3 plus 1 small mark

sorry I don't know how to draw a number line on brainly

Answer:

- for the number line check out the attached photo

- 7

Step-by-step explanation:

- on the number line, each small mark represents 1/6 so to make it easier I made the fraction into 1/6 form

- a coefficent is a numerical value placed before and multiplying the variable in an algebraic expression (ex. 4x)

In this case 7 is before the m making 7 the coefficent

Hope this helps, Let me know if you have any other questions !

A certain rectangular prism has a height of 4 m, a length of 6 m, and a width of 8 m. Give the dimensions of a second rectangular prism that will have the same surface area of the first one.

Answers

Step-by-step explanation:

in its basic structure such a prism is like a cube (just rectangular and not squared) : 6 sides (rectangles).

2 rectangles top and bottom 6×8 = 48 m²

48 × 2 = 96 m²

2 rectangles front and back 6×4 = 24 m²

24 × 2 = 48 m²

2 rectangles left and right 8×4 = 32 m²

32 × 2 = 64 m²

the total surface area is

96 + 48 + 64 = 208 m²

it is hard to find other integer dimensions for the same surface area.

but as long as we are not restricted to integer numbers :

let's cut e.g. the height in half.

and we get

2 rectangles left and right 8×2 = 16 m²

16 × 2 = 32 m²

that "nails" already 2 dimensions (width and height).

we need to set now the third dimension (length) to create the same surface area :

length×8×2 + length×2×2 = 208 - 32 = 176

20×length = 176

length = 8.8 m

so, with

length = 8.8 m

width = 8 m

height = 2 m

we still get

2 rectangles top and bottom 8.8×8 = 70.4 m²

70.4 × 2 = 140.8 m²

2 rectangles front and back 8.8×2 = 17.6 m²

17.6 × 2 = 35.2 m²

2 rectangles left and right 8×2 = 16 m²

16 × 2 = 32 m²

as total surface area

140.8 + 35.2 + 32 = 208 m²

Are you able to help me: Simplify (4x + 2)3

Answers

Answer:

64x^3 + 996x^2 + 48x + 8

Step-by-step explanation:

Answer:

12x+6

Step-by-step explanation:

[tex](4x+2)3[/tex]

Use the distributive property to multiply (4x+2) by 3:-

[tex]12x+6[/tex]

You want to know the opinions of homo-schooled students across America on whether they prefer to loarn at home versus at a public school with other students. You obtain a list of all home-schooled students and mail a survey to a random sample of 7,500 students. Of those, 4,195 responded and 39% say they prefer to learn at home. Which of the
following statements is true?
The results of this survey may be affected by nonresponse blas.
The results of this survey cannot be trusted because of convenience response bias.
O Bocauso random sampling is used, wo can fool confident that the porcont of all homo-schooled students who say they favor learning at home is close to 39%.
O Because more than half of those who were mailed the survey actually responded, va can feel fairly confident that the actual percentage of all home-schooled
students who prefer to learn at homo is close to 39%.

Answers

In this survey, the results can be trusted because more than half of the people responded which makes this sample to be representative.

What is nonresponse bias?

This occurs when most of the people who were intended to be surveyed do not respond, which causes the results to be biased as the sample does not represent the population.

Can the results of this survey be trusted?

Considering more than 50% answer it is likely the results can be trusted as the sample is still representative.

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In circle O below, segment RA is a diameter, arc RP = 104 degrees, and arc RQ = 70 degrees. Find the
measure of the indicated angle
m<=5

Answers

Answer:

76°

Step-by-step explanation:

Arc RP = 104

Major arc RPA = 180 (half a circle)

180-104 = 76

Arc AP = 76, so Angle 5 = 76

Central Angles and their arcs are equal

Answer:

76°

Step-by-step explanation:

Finding m∠4 :

The angle is equal to  arc RP∠4 = ° 104

Finding m∠5 :

∠4 + ∠5 = 180° (property of linear angles)∠5 = 180° - 104°∠5 = 76°
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