A person invests $1000 in an account that earns 5.5% annual interest. Find when
the value of the investment has doubled.

Answers

Answer 1

Answer:

P: the principal, the amount invested

A: the new balance

t: the time

r: the rate, (in decimal form)

Ex1: If $1000 is invested now with simple interest of 8% per year. Find the new amount after two years.

P = $1000, t = 2 years, r = 0.08.

A = 1000(1+0.08(2)) = 1000(1.16) = 1160

Compound Interest:

P: the principal, amount invested

A: the new balance

t: the time

r: the rate, (in decimal form)

n: the number of times it is compounded.

Ex2:Suppose that $5000 is deposited in a saving account at the rate of 6% per year. Find the total amount on deposit at the end of 4 years if the interest is:

P =$5000, r = 6% , t = 4 years

a) simple : A = P(1+rt)

A = 5000(1+(0.06)(4)) = 5000(1.24) = $6200

b) compounded annually, n = 1:

A = 5000(1 + 0.06/1)(1)(4) = 5000(1.06)(4) = $6312.38

c) compounded semiannually, n =2:

A = 5000(1 + 0.06/2)(2)(4) = 5000(1.03)(8) = $6333.85

d) compounded quarterly, n = 4:

A = 5000(1 + 0.06/4)(4)(4) = 5000(1.015)(16) = $6344.93

e) compounded monthly, n =12:

A = 5000(1 + 0.06/12)(12)(4) = 5000(1.005)(48) = $6352.44

f) compounded daily, n =365:

A = 5000(1 + 0.06/365)(365)(4) = 5000(1.00016)(1460) = $6356.12


Related Questions

Tickets for all of the described charity raffle games cost $2 per ticket .identify the games in which a person who buys a ticket for each game every day for the next 400 days could expect to lose less than a total of $200

Answers

Answer: To determine the games in which a person who buys a ticket for each game every day for the next 400 days could expect to lose less than a total of $200, we need to find the games in which the probability of winning is greater than the probability of losing.

Since the tickets for all of the games cost $2 per ticket, the probability of winning any given game is equal to the prize money divided by the ticket cost. For example, if the prize money for a game is $10, the probability of winning is $10/$2 = 1/2.

If the probability of winning a game is greater than the probability of losing, the expected value of the game is positive, which means that the person can expect to win more than they lose over time. On the other hand, if the probability of winning is less than the probability of losing, the expected value of the game is negative, which means that the person can expect to lose more than they win over time.

Therefore, to determine which games the person could expect to lose less than $200 in total, we need to find the games in which the prize money is greater than $2 per ticket.

Step-by-step explanation:

Small cubes with edge lenghts of 1/4 will be packed into the rectangular prism how many small cubes will be needed to completley fill the right rectangular prism the lenghts are inches it has a hight of 3 and a leght of 6 and a base of 8

Answers

Answer:

9216

Step-by-step explanation:

number of small cubes that would fill the prism = volume of prism / volume of small cubes

volume of a prism = length x width x height

3 x 6 x 8 = 144

volume of cube = length³

(1/4)³ = 1/64

144 ÷ 1/64

144 x 64 = 9216

Find the slope from the pair of points (-4,-5) and (4,5)

Answers

Answer: slope = 5/4

Explanation: to find the slope using two points, you use the formula below.
The two points given would result in these values. Y2= 5 Y1= -5 X2= 4 X1= -4. Plug those into the formula below and you have your slope of 10/8 which reduces to 5/4. If you have any questions, please ask.

1/4 gallon of paint costs $8. 99. What is the unit price of one gallon of paint?

Answers

The unit price of one gallon of paint is going to be $35.96.

We can use the unitary method to solve this problem. The unitary method is a technique used for solving a problem by first finding the value of a single unit, and finding the necessary value by multiplying the single unit value.

In this question, it is given that 1/4 gallon of paint costs $8.99 so for 1 gallon we will have to multiply both the paint amount and the money which buys it to 4 which will conclude that 1 gallon costs $8.99 × 4 is equal to $35.96. So, 1 gallon of paint will cost $35.96.

Learn more about the Unitary Method on

https://brainly.com/question/22056199?referrer=searchResults

#SPJ4

6 m
5 m
3 m
Find the area of this figure. Round your
answer to the nearest hundredth.
Use 3.14 to approximate T.
A = [?] m2

Answers

The area occupied by the semicircle, rectangle, and right-angled triangle in the figure is 51.63 m3.

what is triangle ?

A triangle is a polygon since it has three sides and three vertices. It is one of the basic geometric forms. The name given to a triangle with the vertices A, B, and C is Triangle ABC. A unique plane and triangle in Euclidean geometry are discovered when the three points are not collinear. Three sides and three corners define a triangle as a polygon. The triangle's corners are defined as the locations where the three sides converge. Triangle angles add up to 180 degrees when combined together.

given

Three shapes—a rectangle, a triangle, and a semicircle—make up the figure.

Triangle + rectangle + semicircle together make up the figure's surface area.

Triangle's area is equal to 1/2 * 3 * 5.

Triangle's surface area is 15/2.

Triangle's surface area is 7.5 m3.

Rectangle area equals length times width

Rectangle's area is equal to 6 x 5.

30 m2 is the rectangle's area.

Semicircle area equals πr²/2

Semicircle's area is equal to π(3)²/2

Semicircle's area is equal to 3.14(9)/2.

Semicircle's area is equal to 3.14 x 4.5.

Semicircle's surface area is 14.13 m2.

Area: 30 + 14.13 + 7.5

The area occupied by the semicircle, rectangle, and right-angled triangle in the figure is 51.63 m3.

To know more about triangle visit:

https://brainly.com/question/2773823

#SPJ1

At the beginning of the school year, there were
1200 students enrolled at Elmwood Middle
School. At the end of the year, there were 1128
students. Find the percent of change in
enrollment.

Answers

Answer:

6% change

Step-by-step explanation:

First find the difference between students at the end and the beginning of the year.

1200-1128=72

to find the percent, you need to divide the difference by the initial value.

72/1200=0.06

move the decimal

6%

Answer:

6%

Step-by-step explanation:

take the final amount of students (1128) and divide it by the beginning amount (1200) this will give you the percent of kids that stayed in the school, in decimal form .94, you can now multiply by 100 to get the percentage form of students that stayed, then subtract 94% from 100% to see that there was a 6% decrease in the number of students

if you have any questions, leave them in the comments and i will try to answer them.

Solve the triangle. Round decimal answers to the nearest tenth. Step-by-step solution.

Answers

Answer:

y = 9.4

x = 5.7

Step-by-step explanation:

From the given triangle

Opposite to the acute angle is y

Hypotenuse = 11

Angle = 59degrees

using the SOH CAH TOA identity

sin 59 = opp//hyp

sin59 = y/11

y = 11sin59

y = 9.4

Also

Adjacent = x

cos theta = adj/hyp

cos 59 = x/11

x = 11cos59

x = 5.7

5.07 - 2.148
????????????

Answers

Answer:

Step-by-step explanation: 2.922

Answer: 2.922

Step-by-step explanation: (Look at the attachment for the best experience, or idea) So, as you can see in the attachment below, we first need to line up the decimal points with one another. They subtract in line with the other decimals and borrow. As we know, our answer is 2.922.

PLSSSS HURRY I HAVE A TIME LIMIT MUST SHOW WORK

Answers

Answer: XVR: 125 ; RVS: 55 ; WVS: 125 ; RST: 110 ; RSV: 70

Step-by-step explanation:

XVR: XVR is equal to WVS (alternate angles), and WVS plus XVW equals 180° (definition of a straight line)

So, 180° - 55° = 125° (this is the measure of SVW, but remember, SVW is equal to XVR)

RVS: RVS is equal to XVW since they're alternate angles, so we know that RVS is equal to 55°

WVS: We already solved this in the beginning

RST: First, we need to find the measure of RSV. To find the measure of RSV, use the fact that a triangle adds up to 180°. We know that the angle RVS equals 55°, and that angle VRS is also equal to 55°. So, we can use this equation:

RSV = 180° - (55° + 55°)

RSV = 70°

Now that we know RSV = 70°, we can find RST

180 - (RSV + RST)

180 - (70° + RST)

RST = 110°

RSV: We already found this

Sorry, that was a lot. Hope it wasn't too confusing.

What are the like terms in 3x 3 2y and 2 XY x2?

Answers

The like terms in 3x (3 - 2y) and 2 (xy + x²) are -6xy and 2xy.

3x (3 - 2y) = 3x * 3 - 3x * 2y = 9x - 6xy2 (xy + x²) = 2 * xy + 2 * x² = 2xy + 2x²

What are like terms in math equations?

Like terms are terms which have the same variables and exponents. In this case, the like terms are -6xy and 2xy because they both have the same variable (xy) and exponents (1). In algebra, like terms can be added or subtracted to simplify an expression.  Like terms are terms which have the same variables and exponents.

Learn more about like terms :

https://brainly.com/question/29171248

#SPJ4

How many solutions are there to each nonlinear system of equations? How do you know?

1.

2.

3.

Answers

Answer:

0, 1, 2

Step-by-step explanation:

The solution to a system of equations given graphically is at the intersection of the individual graphs.

Graph (1)

There is no intersection between the 2 graphs so no solution

Graph (2)

There is one point of intersection between the 2 graphs so 1 solution

Graph (3)

There are two points of intersection between the 2 graphs so 2 solutions

The coordinate of A i -9 and the coordinate of C i 12. The ditance between A and B i 1/3 of AC. What i the coordinate of B?

Answers

The cordinate of point B is -2.

To find the coordinate of point B, we need to determine its distance from point A and then add that distance to the coordinate of point A. We are given that point B lies on a number line between points A and C, and that the distance between A and B is 1/3 of the distance between A and C.

First, we'll find the distance between points A and C. We know that the coordinate of A is -9 and the coordinate of C is 12. To find the distance between these two points, we simply subtract the coordinate of A from the coordinate of C. So, 12 - (-9) = 21. This tells us that the distance between points A and C is 21 units.

Next, we'll use this information to find the distance between points A and B. We know that this distance is 1/3 of the distance between A and C, so we'll multiply 21 (the distance between A and C) by 1/3. 21 * 1/3 = 7. This tells us that the distance between points A and B is 7 units.

Finally, we'll add this distance to the coordinate of point A to find the coordinate of point B. Since A is at -9, B is at -9 + 7 = -2. Therefore, the coordinate of B is -2.

To know more about cordinate click on below link:

https://brainly.com/question/28899589#

#SPJ4

someone help me please !

Answers

Answer:

base = √3/2

cos 30 = √3/2

height = 1/2

sin 30 = 1/2

coordinates: √3/2, 1/2

Step-by-step explanation:

See unit circle for reference

A financial analyst reports that for people who work in the finance industry, the probability that a randomly selected person will have a tattoo is 0.20.Which of the following is the best interpretation of the probability 0.20 ?

Answers

"For all finance workers, 20% will have a tattoo" is the best interpretation of the probability 0.20.

What is probability?

The field of mathematics concerned with probability is known as probability theory. Although there are various distinct interpretations of probability, probability theory approaches the idea rigorously mathematically by articulating it through a set of axioms. The probability is a measure of the possibility that an event will occur. It assesses the event's certainty. P(E) = Number of Favourable Outcomes/Number of Total Outcomes is the probability formula. A probability is a number that represents the possibility or chance that a specific event will occur. Probabilities can be stated as proportions ranging from 0 to 1, as well as percentages ranging from 0% to 100%.

This can be calculated by taking the number of finance workers with tattoos and dividing it by the total number of finance workers, and then multiplying by 100 to express the result as a percentage.

(Number of finance workers with tattoos / Total number of finance workers) x 100 = 20%.

Here,

"20% of all finance workers will have a tattoo," is the best explanation of the probability 0.20.

To know more about probability,

brainly.com/question/14549745

#SPJ4

Complete question: A financial analyst reports that for people who work in the finance industry, the probability that a randomly selected person will have a tattoo is 0.20.

Which of the following is the best interpretation of the probability 0.20 ?

A- For all workers in the United States, 20% will work in finance.

B- For all finance workers, 20% will have a tattoo.

C- For all people with tattoos, 20% will work in finance.

D- For a specific group of 5 finance workers, 1 will have a tattoo.

E- For a specific group of 5 people with a tattoo, 1 will work in finance.

(1 point) | Question Attempt: 1 of Unlimited
Suppose that the functions h and g are defined as follows.
h(x)=x-2
g(x)=(x-4)(x+2)
h
(²)(-1).
(a) Find
h
(b) Find all values that are NOT in the domain of
9
If there is more than one value, separate them with commas.

Answers

All values that are NOT in the domain of 9 are 5 /11 at x=9, where function  h=7.

How can I determine a rational function's domain?

All real numbers x, with the exception of those for which the denominator is 0, are included in the domain of a rational function. Equilibrate the denominator to zero and then solve for x to determine which x values are excluded from the scope of a rational function.

h(x)=x-2\sg(x)=(x-4)(x+2)

Suppose x = 9 and h(9) = 9-2 and g(9) = (9-4) (9+2) =5 /11

Because it is impossible to divide by zero while h is in the denominator, there will always be an issue anytime h = 7. After solving them, we discover that x cannot be either -2 or 5. So, the answer to part B would be x-5/11.or 5/11 are examples of x values that are beyond the domain.

To know more about functions visit:-

https://brainly.com/question/29713349

#SPJ1

2 + (4-3 (3-6) -4] +12=

Answers

Answer: 23

Step-by-step explanation:

Please help!!!!
Will give out brillianst!!!

Answers

Answer:

A, C, D

A function can’t have repeating x-values. Each assigns exactly one range (y-value) to each domain (x-value)

FOR PART A

Step-by-step explanation:

a rectangle has an area of 58.5centimeter square and it is 4.5meter wide find the length​

Answers

Answer:

0.13 cm ( as question was posted)

13 cm ( if width was in centimeters)

Step-by-step explanation:

a = lw

4.5m = 450cm

Plug in the knowns

58.5 = l(450)

Divide both sides by 450

0.13 = l

length is 0.13 cm

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

I did the qustion as you posted it.

If you intended 4.5 centimeters instead of 4.5 meters then

58.5 = l(4.5)

divide both sides by 4.5

l = 13 cm

Simplify 6/sqr3+2
NEED HELP PLZ!!

Answers

Answer:

1.61

Step-by-step explanation:

6/((sqrt3)+2) in a calculator

Answer:

-6(√3 - 2)  

Step-by-step explanation:

Which did you mean?

6/[sqr(3) + 2]

or

6/(sqr(3)+2)

or what?  Ambiguous unless you use parentheses.

If you meant

6/[sqr(3) + 2]

then rationalize the denominator by multiplying numerator and denominator of the given expression by (√3 - 2):

6(√3 - 2)                        6(√3 - 2)  

--------------------------  =  ----------------- = -6(√3 - 2)  

[sqr(3) + 2](√3 - 2)            3 -  4

Determine whether the geometric series is convergent or divergent. 10 – 8 + 6.4 – 5.12 +... A. convergent B. divergent If it is convergent, find its sum. (If the quantity diverges, leave this blank.) _____

Answers

The given series is convergent and the sum S∞ is 5.555

Think about 10 - 8 - 6.4 - 5.12

If the common ratio of the series is between -1 and 1, then a geometric progression will be convergent.

the average ratio,

r = -8/10

⇒ r = -0.8

This equals 1 - 0.8 - 1.

The presented series is hence convergent.

Sum of series = S∞ = a/(1 - r)

Here, first term(a) = 10,

common ratio(r) = -0.8,

S∞ = a/(1 - r)

⇒ S∞ = 10/(1 - (-0.8))

⇒ S∞ = 10/(1 + 0.8)

⇒ S∞ = 10/1.8

S∞ = 5.555

Therefore, the given series is convergent and the sum S∞ is 5.555

To know more about geometric series at:

https://brainly.com/question/24643676

#SPJ4

Lloyd's Llamas has $3,241.77 in liabilities and $12,457.12 in owner's equity. If the accounting equation is in balance, Lloyd's has $_______ in assets.

Answers

The number of asset is 15.698.89

How to calculate the number of asset ?

Assets = liabilities + equity

liabilities= 3,241.77

equity= 12,457.12

Assets= 3,241.77 + 12,457.12

=  15.698.89

Hence Lloyd has 15.698.89 number of assets

Read more on assets here

https://brainly.com/question/25646730

#SPJ1

Daddy Dearest (Fnf) Is giving you free point s if you stay away from GF
What do you do?
A grab the points and run for your life
B Grab the coins and kidnap GF
C Rap battle him
D Ask BF to beat him

Answers

Answer:

E. Take points and kill GF

Step-by-step explanation:

Answer:

grab the points and rap battle him

Step-by-step explanation:

because why not have a rap battle for the points

Students were surveyed about their favorite kind of frozen yogurt

Answers

what do you exactly need help with?

the fraction r/s must be equal to which expression


choose 1 answer

a- r - s
b- r + s
c- r x s
d- r ÷ s

Answers

Hopes this helps:

Answer: D.

Have a great day.
Answer is D:)
Good luck !!

–16 − 19f + 10f = –16f − 2

Answers

Hopes this helps:

Answer: f = 2

Have a great day.

evaluate 3.8^1.1 and (5/7) round answers to the nearest 10th

Answers

Answer:

4.30 and 0.70 if you round of to the nearest tenth

Step-by-step explanation:

pls mark as brainliest lol

What are two angles on a line called?

Answers

Answer:

supplementary angles

Step-by-step explanation:

140 + 40 = 180.

The cross-sectional shape of the archway of a bridge (measured in feet) is modeled by the

function ƒ(x) = -0. 5x2 + 6x where ƒ(x) is the height of the arch and x is the horizontal

distance from one side of the base of the arch. How wide is the arch at its base? Will a box truck

that is 8 feet wide and 13. 5 feet tall fit under the arch? If not, what is the maximum height a

truck that is 8 feet wide and is passing under the bridge can be

Answers

The width of the arch at its base can be found by setting ƒ(x) = 0 and solving for x. This gives  x=12 feet.

What is horizontal distance?

Horizontal distance is the length of a straight line between two points, measured only in the horizontal direction. It is typically measured in units such as kilometres, meters, miles, or yards.

No, the box truck will not fit under the arch. The height of the arch at a horizontal distance of 8 feet is ƒ(8) = -0. 5(8)2 + 6(8) = 4 feet, which is less than the height of the truck (13. 5 feet).
The maximum height a truck that is 8 feet wide and is passing under the bridge can be is ƒ(8) = 4 feet.

To learn more about horizontal distance
https://brainly.com/question/16411732
#SPJ4

Which number is closest to the
point on the number line?
A) -7/3
B) 16/11
C) 3/7
D) -5/5

Answers

Answer:

B. 16/11

Step-by-step explanation:

16/11 as a mixed number is 1 6/11. This is closest to 1 1/2 on the number line. The other negative numbers (-7/3, -5/5) are on the negative end on the spectrum so they are immediately eliminated. 3/7 doesn't have a whole number and therefore is not as close as 16/11 is to the point.

3. XY has an equation of x = 8. What is the equation, in point-slope form, of a line that is
perpendicular to XY and passes through (6, 9)?

(i'm looking for an explanation)

Answers

Answer: y=9

Step-by-step explanation:

Plug in (6,9) into the slope intercept form equation:

9=0(6) +b

Then get

9=b

When you make the equation you would end up with:

y=0x+9

which simplifies to y=9

Other Questions
Which of the following would be most helpful for Claire to do now to achieve her goal? Claire is only forty, but she wants to ensure that her old age will be as comfortable as possible when she is no longer able to care for herself. Her grandmother died in a nursing home that seemed dreary. Claire wants something better.Appoint a medical power of attorney.Purchase long-term care insurance.Request brochures from assisted living facilities Necesito una imagen de un embrin de pez y un humano which country did the united states embargo, or stop trading with, prior to joining the war? If an object is propelled upward from ground level with an initial velocity of 80. 1 feet per second? Its height h in feet t seconds later is giving by the equation h= -16ft+ 80. 1t after how many seconds does the object hit the ground Two numbers are in the ratio 7 : 4 . If their difference is 18, then find the numbers. What does the pressure of a gas measure?a The speed of the moving gas particles.b The amount of space a gas occupies.The force from collisions of gas particles.d The amount of gas particles. find the equation of a line parallel to y=-5x+3 that pases through the point -3,-4 In florida and some other states, cellular emergency calls are directed to the state police (*__________ on your cellular phone) I need help with this. Is it FPH FHP HPF HFP Whykrial?wasAssignmentpaul brought abetare relinha How do you solve this equation on surds? Write an equation for the parabola that passes through (-2,7), (1, 10), and (2,27)An equation for the parabola is y=. There are 14 red balls and 18 blue balls in an urn. A person selects one ball at random and then selects a second ball at random without replacing the first ball. What is the probability that the first ball is blue and the second ball is red? Why was the economy roaring in the 1920s? Janet decreased her daily carbohydrate intake from 80 grams to 50 grams. By what percent did Janet decrease the amount of carbohydrates she eats? what type of transport is used for glucose in blood and intenstinal cells Megan was painting on a rectangular canvas, and needed a frame for it. The length of the frame is 15 inches and the width is 10 inches. What is the perimeter of the frame? PLSS GUYS HELP MEEEEEEEE PLS In some situations, matter demonstrates wave behavior rather than particlebehavior. This is best illustrated by which phenomenon?A. Photoelectric effectB. Emission spectra of atomsC. Blackbody radiationD. Interference patterns of electrons On your own paper, plot the Points E(2,2) and F(8,10). Use the vertical and horizontal grid lines to draw a right triangle with these two points as vertices.Question 1Part ALabel the third vertex of your right triangle Point G. Identify the two possible coordinates of Point G.Enter the correct answers in the boxes Compare how life was different between the New England, Middle, and Southern colonies due to the different economic activities. Your answer should be at least one well-developed paragraph.