Ella invested $2,700 in an account paying an interest rate of 5.4% compounded
monthly. Assuming no deposits or withdrawals are made, how long would it take, to
the nearest year, for the value of the account to reach $4,020?

Answers

Answer 1

Answer:

The account will take 7 years to reach a value of $4,020

Step-by-step explanation:

Compound Interest

When it occurs interest in the next period is then earned on the principal sum plus previously accumulated interest.

The formula is:

[tex]{\displaystyle A=P\left(1+{\frac {r}{n}}\right)^{nt}}[/tex]

Where:

A = final amount

P = initial principal balance

r = interest rate

n = number of times interest applied per time period

t = number of time periods elapsed

Ella invested P=$2,700 in an account with an interest rate of r=5.4% (0.054) compounded monthly. Since there are 12 months in a year, n=12.

It will be calculated when will the account have a value of A=$4,020. Substituting all the values in the formula:

[tex]{\displaystyle 4,020=2,700\left(1+{\frac {0.054}{12}}\right)^{12t}}[/tex]

Calculating:

[tex]{\displaystyle 4,020=2,700\left(1.0045)^{12t}}[/tex]

Dividing by 2,700:

[tex]{\displaystyle \frac{4,020}{2,700}=\left(1.0045)^{12t}}[/tex]

To solve this equation for t, we need to apply logarithms:

[tex]{\displaystyle \log\frac{4,020}{2,700}=\log\left(1.0045)^{12t}}[/tex]

Applying the logarithm power rule:

[tex]\displaystyle \log\frac{4,020}{2,700}=12t\log 1.0045[/tex]

Dividing by 12log 1.0045:

[tex]\displaystyle t=\frac{\log\frac{4,020}{2,700}}{12\log 1.0045}[/tex]

Calculating:

t= 7.39 years

Rounding to the nearest year, the account will take 7 years to reach a value of $4,020

Answer 2

Answer:

7  

Step-by-step explanation:


Related Questions

Tim has x beads. Amy has two more beads than Tim. Sarah has five times as many beads as Amy. How many beads does Sarah have?

Answers

Answer:well we need to know how mmch tim has so like

x?+2 is amy

x?+2*5 is sarah

Step-by-step explanation:

Chloe charged for admission to her play on three different nights. Each night, a
different number of people were in attendance, but remarkably, Chloe collected
S541 each night. If the admission charges for each child and each adult were $9
and S17, respectively, how many people in total came to the three showings?

Answers

Answer:

The number of people in total that came to the three showings is 138 people

Step-by-step explanation:

The amount Chloe collected each night for admission to her play = $541

The admission  charge for each child = $9

The admission  charge for each adult = $17

The number of people attending the play each of the three nights are different

Let x represent the number of children that attend the play on the first night and ley y represent the number of adults that attend, we have;

9·x + 17·y = 541

For the second night, we have;

9·a + 17·b = 541

For the third night, we have;

9·c + 17·d = 541

27·(x + a + c) + 51·(y + b + d) = 1,623

Using Microsoft Excel, where we create a series with the first term = 541 and the common difference, d = -9 and number the adjacent column serially from 1 to 61 and the on the right column we divide the created series by 17 then we search for the whole number combinations, we get three possible combinations as follows;

12 children and 26 adults

29 children and 17 adults

46 children and 8 adults

Therefore, the number of people in total that came to the three showings = 12 + 26 + 29 + 17 + 46 + 8 = 138

The number of people in total that came to the three showings = 138 people.

PLS HELP: I am unsure how to calculate this into final numbers.
Cal Amity found that 24% of his sample answered "yes" to the third survey question, which was, "Have you done anything, or will you do anything, to prepare any other part of your home before Gourmando's visit?" (880 Surveyed)

Mr. Amity can infer that, most likely, between _[blank A]_ and _[blank B]_ inhabitants of the Kingdom have done, or will do something, to prepare another part of their homes before Gourmando's visit.

Answers

880 were surveyed.

24% answered yes.

Multiply number of surveyed by percentage that said yes:

880 x 0.24 = 211.2

Since the answer has a decimal, the number of people would be the whole number above and below the decimal.

The answer is between 211 and 212

Answer:

Let the number of people answered "yes" be x

[tex]24\% \: of \: 880 \\ \frac{24}{100} \times 880 = 211.2 = 211(approx)[/tex]

211 of the people answered "yes".

Plzzzz help I’ll mark you

Answers

Answer:

3/10 liters more

Step-by-step explanation:

8/10 - 5/10 = 3/10

Mika taught her sister the steps for diviting a decimal by a decimal which instructions are correct

Answers

Complete question is;

Mika taught her sister the steps for dividing a decimal by a decimal. Which instructions are correct?

A) 1. Multiply the divisor by a multiple of 10 to create an integer divisor. 2. Multiply the dividend by the same multiple of 10 as step 1. 3. Divide, and apply the rules for dividing signed numbers.

B) 1. Multiply the dividend by a multiple of 10 to create an integer. 2. Multiply the divisor by the same multiple of 10 as step 1. 3. Divide, and apply the rules for dividing signed numbers.

C) 1. Divide the divisor by a multiple of 10 to create an integer divisor. 2. Divide the dividend by the same multiple of 10 as step 1. 3. Divide, and apply the rules for dividing signed numbers.

D) 1. Divide the dividend by a multiple of 10 to create an integer. 2. Divide the divisor by the same multiple of 10 as step 1. 3. Divide, and apply the rules for dividing signed numbers.

Answer:

A) 1. Multiply the divisor by a multiple of 10 to create an integer divisor. 2. Multiply the dividend by the same multiple of 10 as step 1. 3. Divide, and apply the rules for dividing signed numbers.

Step-by-step explanation:

In Mathematics, divisor is the number by which the dividend should be divided.

Now, if we want to divide a decimal by another decimal, to make things easy we have to transform both numbers from decimals to integer form to make direct division easier.

The first step will be to multiply the divisor by a multiple of 10. The multiple of 10 will depend on the number of decimal places.

The second step is to do the same to the dividend.

The last step would be to divide the integers by applying rules of division of numbers.

The correct option is Option A:

HELP PLS ITS TIMED TEST TY-
A city planner is mapping out some new features for a triangular park. She sketches the park on grid paper. The coordinates of the vertices of the park are (1, 1), (1, 4), and (−3, 4).

The city planner wants to plant a tree at the orthocenter of the park. What are the coordinates of the tree?

ANSWER: (__,__)

Answers

Answer:

(1,4)

Step-by-step explanation:

Answer:

1, 4

Step-by-step explanation:

What is a slope of a line parallel to the line whose equation is Y - X = 5

A) -1
B) 1/5
C) 1
D) 5

Answers

Answer:

C

Step-by-step explanation:

The equation of a line in slope- intercept form is

y = mx + c ( m is the slope and c the y- intercept )

Given

y - x = 5 ( add x to both sides )

y = x + 5 ← in slope- intercept form

with slope m = 1

Parallel lines have equal slope, thus

the slope of a parallel line is m = 1 → C

-1 over 5 divided by 7 over 4

Answers

Answer:-0.00714

Step-by-step explanation: STEP

1

:

1

Simplify —

5

Equation at the end of step

1

:

1

0 - — ÷ 7 ÷ 4

5

STEP

2

:

1

Divide — by 7

5

Equation at the end of step

2

:

1

0 - —— ÷ 4

35

STEP

3

:

1

Divide —— by 4

35

Equation at the end of step

3

:

1

0 - ———

140

STEP

4

:

Final result :

-1

——— = -0.00714

140

The value of (3a – 4b + 2) × (5a + 6) for a = 1 and b = -2 is

Answers

Step-by-step explanation:

We know that

a=1 and b= -2

{3*1-4*(-2)+2} .{5*1+6}

= (13-11)

=2

Answer:

143

Step-by-step explanation:

(3a – 4b + 2) × (5a + 6)

a = 1 ; b = - 2

(3(1) – 4(-2) + 2) × (5(1) + 6)

Inputting the values of a and b

(3 - (-8) + 2) * (5 + 6)

(3 + 8 + 2) * (11)

13 * 11

= 143

Will mark Brainlyest Use the properties of exponents to simplify the expression(y^3/2 X^-1/2)^4

Answers

Answer:

the answer would be y^6/x^2

Step-by-step explanation:

so (Y) to the sixth power over (X) to the second power

which expression is the best estimate of 1 1/5 X 3 2/3
A: 2 X 3
B: 1 X 4
C: 2 X 3
D: 1 X 3

Answers

I think it may be B. 1 X 4 :)

Read the excerpt from The Monsters Are Due on Maple Street.

56. TRACK SHOT – STEVE 56.

From several yards down as he walks down the steps of his porch, walks down the street over to Les Goodman's house and then stops at the foot of the steps.

57. REVERSE ANGLE – LOOKING TOWARD SCREEN DOOR 57.

Goodman stands there, his wife behind him very frightened.

GOODMAN

Just stay right where you are, Steve. We don't want any trouble but this time if anybody sets foot on my porch that's what they're going to get—trouble!

Based on Goodman’s reaction to Steve, what will most likely happen next?

Les and Steve will have a heated argument.
Everyone in the neighborhood will go home.
The anger and fear among the neighbors will increase.
Les will turn out to be an alien invader in disguise.

Answers

Answer:

C. the anger among the neighbors will increase

Step-by-step explanation:

i got 100 on my quiz

Answer:

C) The anger and fear among the neighbors will increase

Step-by-step explanation:

Based on the evidence in the excerpt, what will most likely happen next. A) The crowd will turn against Steve, believing he is an alien in disguise.Which of the excerpts from The Monsters Are Due on Maple Street is an example of foreshadowing? A)“Where is Pete Van Horn anyway? Didn't he get back yet?”Which of the excerpts from The Monsters Are Due on Maple Street best foreshadows that the residents of Maple Street will turn against Les Goodman? B)“He always was an odd ball. Him and his whole family. Real odd ball.”Based on Goodman’s reaction to Steve, what will most likely happen next? C) The anger and fear among the neighbors will increase.Based on Steve’s actions in the first part of The Monsters Are Due on Maple Street, readers may have predicted that Steve would continue being the town’s leader during the power outage. How should readers revise this prediction after Don asks Steve about his radio? C)Readers should now predict that Steve will no longer be in charge.Which excerpt from The Monsters Are Due on Maple Street best foreshadows the idea that the residents of Maple Street are becoming a dangerous mob? A) The crowd picks this up again and with it their suspicions come back with a rush. The murmur becomes a loud chant filling the air with accusations and demands for action. Two of the men pass Don right up the steps. Goodman flattens himself against the screen door.The writer of this excerpt uses  D)indirect characterization to show that Les Goodman is nervous.What do Don’s words suggest about him? C)Don is suspicious of Les Goodman.What do Steve’s reactions to Mrs. Goodman and Charlie show the reader about Steve? D) Steve is sensible and unafraid.How does Woman One’s claim about Les Goodman affect other elements in the story? B)The neighbors become even more suspicious of Les Goodman.

12. The number of mold spores in the school bathroom sink started at 4. The number of spores doubled every day. The equation f(x)=4•2^x models the situation. How many mold spores will
there be after 6 days?
spores

Answers

Answer: i dony know honestly

Step-by-step explanation:

Answer:

128

Step-by-step explanation:

If you start off with 4 and it doubles every day, by day two you would have 8 spores then by day three you will have 16 because it doubles itself. Day four you have 32, day 5 you will have 64 and finally day 6 you will have 128

Tim knows that he can travel a distance of 240 miles when his car’s gas tank is filled to its capacity. The capacity of his car’s gas tank is 12 gallons. Which best describes the domain of the function? only integers where 0 ≤ d ≤ 12 only integers where 0 ≤ , d , ≤ 12 only integers where 0 ≤ d ≤ 240 only integers where 0 ≤ , d , ≤ 240 all real numbers where 0 ≤ d ≤ 12 all real numbers where 0 ≤ , d , ≤ 12 all real numbers where 0 ≤ d ≤ 240

Answers

Answer:

tell tim to ask jeff bezoz for his oil so he wont need to solve hard math equations everytime

Step-by-step explanation:

go to his house and ask him to pay

Jeff bezos is a good friend of Tim ask him sir 9 hope you

How can you write an equation to solve a problem?

(written response)
( 20 points)

Answers

Answer:

if you have a specific math problem i can help you with it!

Step-by-step explanation:

you essentially translate the words into math. for example if the problem says something like "he has 5 more pieces of candy than her" you would set a variable, in this case "x," and set it up like this.

since "her" is the original amount, we'd do it like this:

her = x

he = x+5

then, we'd figure out what these values have to equal to. let's say there are 9 total pieces of candy. so this is how we'd do it:

(x)+(x+5)=9

now we solve:

2x+5=9

2x=9-5

2x=4

x=2

hope this somewhat helped! if you have more questions, feel free to ask me!

will someone please check my work? is this answer correct? reply asap :)

Answers

the answer is altitude because of the segment

Answer:

perpendicular bisector

Step-by-step explanation:

A line that is both perpendicular to a segment and cuts it in half , as is the case here is a perpendicular bisector

A washing machine is filling up with water at a constant rate. The rate is Three-fourths of a gallon in StartFraction 1 over 5 EndFraction of a minute. Don calculated the unit rate to be StartFraction 3 over 20 EndFraction of a gallon per minute. What did he do wrong?Jonah bicycled 12 miles in 4 hours. What is the unit rate?

Answers

Answer:

3/4 in 1/5 of 60 sec

1/5*60=12

3/4 in 12 seconds

3/4*5=15/4=3 3/4

He multiplied 3/4 by 1/5 instead of by its reciprocal , 5.

12/4=3

3 mph

Answer:

3/4 in 1/5 of 60 sec

1/5*60=12

3/4 in 12 seconds

3/4*5=15/4=3 3/4

Step-by-step explanation:

Solve: 5/2x - 1/3= -1/2

A. x=-5/12
B. x= -25/12
C. x= -1/15
D. x= 1/3​

Answers

Answer:

c. x = -1/15

Step-by-step explanation:

5/2x - 1/3 = -1/2 [multiply the whole equation by 6 (lowest common denom)

15x - 2 = -3 [add 2 on both sides of equation

15x = -1 [divide both sides by 15 to isolate x]

x = -1/15

Answer is c. Change the denominator of 1/3 and 1/2 to 6 so you have 3/6 for 1/2 and 2/6 for 1/3. then add 2/6 to both sides to get -1/6 then isolate x.

I need help I will mark brainliest for the first and best answer ​

Answers

Answer: 10 units

Step-by-step explanation:

The k-value of an expression represents the vertical shift. In this case, the k value is 10. Thus, the vertical shift is 10 units.

3/4 c - 7/12 + 7/24 c + 2/3 - 1/6 c

Answers

Answer:

c+1/12

Step-by-step explanation:

18/24c-7/12+7/24c+8/12-4/24c=c+1/12

Answer:

(7/8)c

Step-by-step explanation:

The LCD here is 24.  Multiply all five terms by 24 and then divide the sum of the five results by 24:

18c - 14 +  7c + 16  - 4c            21c

--------------------------------  =  --------------

                24                            24

Dividing both 21 and 24 by 3, we get the fully reduced form 7c/ 8 = (7/8)c

Which of the following are solutions to the equation below?
Check all that apply.
9x2 - 6x + 1 = 7

Answers

Answer:

Apply quaratic equation

The distance from Matt’s home to school is 5/8 of a mile. He has biked 3/8 of a mile. How much further does he have to bike?

Answers

Given:

The distance from Matt’s home to school is [tex]\dfrac{5}{8}[/tex] of a mile.

He has biked [tex]\dfrac{3}{8}[/tex] of a mile.

To find:

How much further does he have to bike?

Solution:

We have,

Total distance from Matt’s home to school = [tex]\dfrac{5}{8}[/tex] of a mile.

Distance covered = [tex]\dfrac{3}{8}[/tex] of a mile.

Remaining Distance = [tex]\dfrac{5}{8}-\dfrac{3}{8}[/tex] of a mile

                                 = [tex]\dfrac{5-3}{8}[/tex] of a mile

                                 = [tex]\dfrac{2}{8}[/tex] of a mile

                                 = [tex]\dfrac{1}{4}[/tex] of a mile

Matt has [tex]\dfrac{1}{4}[/tex] mile left to bike.

Therefore, the correct option is A.

please help me on this!

Answers

Answer:

(a.) B: 8,000

(b.) C: 800

(c.) A. 10 times

Step-by-step explanation:

8762 has 3 digits after the 8. 8,000 has 3 digits after the 8

851 has 2 digits after the 8. 800 has 2 digits after the 8.

8,000 ÷ 800 = 10

Another way to do it is: 8000 has 3 zeros and 800 has 2 zeros.

3 - 2 = 1. 10 has 1 zero.

I hope this helped and if it did I would appreciate it if you marked me Brainliest. Thank you and have a nice day!

An ant carries food at a speed of 0.01 m/s. How long will it take the ant to carry a cookie crumb to the ant hill, a distance of 50 m? Express your answer in hours.

Answers

Answer:

5000 seconds

Step-by-step explanation:

0.01*100=1

100*50=5000

Answer:

about 1.4 hours

Step-by-step explanation:

1 * 50 / 0.01 = 5,000

5,000 / 60 = 83.3 ---> 83.8 / 60 = 1.4

The weight of an object on Mars varies directly with its weight on Earth.An object that weighs 50 pounds on mars weighs 150 on Earth.If an object weighs 120 pounds on Earths,write and solve a direct variation equation to find how much an object would weigh on mars.

Answers

Answer:

Formula: y = x/3. Answer: 40 pounds.

Step-by-step explanation:

To solve this, we divide 150 by 50. This gets us 3. This means your weight on Earth is 3x your weight on Mars. That means we can make a formula. Our formula is y (weight in pounds on Mars) = x (weight in pounds on Earth)/3. Let's plug 120 in our formula. 120/3 is 40. This means the weight of the object on Mars is 40 pounds.

Jim runs 10 yards, then turns 180 degrees and runs 10 more yards. After repeating the turn and run two more times, he ends up 25 yards away from where he started. How?

Answers

Answer:

The answer would be 45

Step-by-step explanation:

Answer: 45 I believe

what is x if: 5÷x=30

Answers

Answer:

x = 1/6

Step-by-step explanation:

Rewrite the equation to get 5/x = 30.  Multiply x on both sides to get 5 = 30x.  Then divide 30 on both sides to get your x value which is 1/6.

Answer:

x= 1/6

Step-by-step explanation:

multiply both sides by x

divide both sides by 30

simplify 5/30 to 1/6

Which equation best represents the best relationship between x and y in the graph?

Answers

I think the answer is c for the graph

The area of a rectangle can be found by multiplying the length times the width. Which of the following is an algebraic representation of this?

3LW

L + W

LW

3L + 3W

Answers

Answer:

I believe the correct answer is the 3rd one. L(W).

Answer:

LW

Step-by-step explanation:

Just put the answer A B C D please

Answers

Answer:

B

Step-by-step explanation:

Other Questions
please someone describe the graph of the cooling curve of water !!!!!!!!!!!!!!!! Please answer !!!!!!!!!! HELP What is the mole fraction of NaOH inan aqueous solution that contains15.0% NaOH (weight/weight %)?Molar MassNaOH: 39.998 g/molH2O: 18.016 g/mol In psychological theory, there are 66 types of basic instincts in a human being, and personality is determined by the presence or absence (2(2 choices) of these 66 basic instincts. How many different types of personalities can be identified Based on "Creepy, Crawly Healers," in the early 1800s, what did doctors discover about soldiers who had maggots in their wounds? 1.Soldiers with deep wounds were more likely to have maggots in their wounds than soldiers with surface wounds. 2.Doctors needed to provide these soldiers with antibiotics in order for their wounds to heal. 3.The maggots caused serious infections, which led to the deaths of many wounded soldiers. 4.These soldiers were more likely to survive than soldiers who did not have maggots in their wounds. A craft show has an admission fee of $1.50 for children and $4.00 for adults. On Saturday 155 people came to the carnival and $520 was collected. How many children came to the craft show?Much Appreciated How was the pony express ables to more little across the country so quickly? please help its about slavery What is the equation of the graphed line written in standard form? x 4y = 4 x + 4y = 4 y = y equals StartFraction one-fourth EndFraction x minus 1.x 1 y = y equals negative StartFraction one-fourth EndFraction x minus 1.x 1 Mr. Kaffey used a full 3-liter bottle of soda to fill two containers. He put 0.276 liter of soda in the first container. He put 0.92liter of soda in the second container. How many liters of soda remained in the bottle? Graph the functions on the same coordinate axis.S f(x) = x + 11 g(x) = x - 6x - 7What are the solutions to the system of equations?Select each correct answer.(1, 2)(6, 7)(-1,0)(-8, 7)(8,9) Five numbers have an average of 6.Four of the numbers are 0, 1, 3, and 7.What's the fifth number? ___ is the process of producing cellular energy in the presence of oxygen. Group of answer choicesaerobicanaerobicglycolysisfermentation In the Southern Hemisphere, western boundary currents generally flow: northwardsouthwardEastwardwestward Help me... If I pick a color from one side of the color wheel and then select the colordirectly across from it, I have created a monochromatic or complementary colorscheme ? g If the quantity of helium in a weather balloon in increased by a factor of 5 at constant temperature and pressure, by how much does the volume of the balloon change? Decrease by 2 times Increase by 5 times Decrease by 5 times Increase by 2 times In the isosceles trapezoid below,x = = [? ] select the correct answer sickle cells disease is a hereditary mutation that causes The red blood cells to the form decreasing their ability to carry oxygen based on the image what kind of mutation occurs to cause Sickel cell disease Which of the following is a theme from Macbeth?A. Those without convictions are easily manipulated B. The visible is more dangerous then the invisible C. Firm beliefs will help you succeed D. Friendship can withstand any challenges Al Smith was accused of stealing a television set and arrested. The police told Al that witnesses saw him take the television set. During his court trial, Al is not allowed to hear or see the witnesses. What should happen, according to the principle of due process and the U.S. Constitution? (A)The case will be dismissed because Al has a right to hear and respond to the witnesses against him. (A)The case will be dismissed because Al has a right to a speedy and public trial. (A)The case will be continued because Al will have a lawyer appointed to represent him by the court. (A)The case will be continued because Al will have a lawyer find his own witnesses. Houstons annual salary is $89,616. He falls in the 35% tax bracket. What is his net annual salary? Steam Workshop Downloader