Mathematics College

A person invests 2500 dollars in a bank. The bank pays 4.25% interest compounded annually. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 4100 dollars?

Answers

Answer 1

Answer:

11.9

Step-by-step explanation:

Answer 2

The time taken for the amount of $2500 to be $4100 will be 11.8 years.

What is compound interest?

Compound interest is the addition of interest to the principal sum of a loan or deposit or interest on interest plus interest.

In finance and economics, interest is the payment of an amount above the repayment of the principal sum by a borrower or deposit-taking financial institution to a lender or depositor at a specific rate by a borrower or depositor.

Given that a person invests 2500 dollars in a bank. The bank pays 4.25% interest compounded annually.

The time will be calculated by the compound interest formula,

[tex]\rm A = P[1+\dfrac{r}{100}]^{nt}[/tex]

Substitute the values in the formula and calculate the time,

[tex]4100= 2500[1+0.0425]^t[/tex]

[tex]\dfrac{4100}{2500}=[1.0425]^t[/tex]

Take logs on both sides,

log(1.64) = t log(1.0425)

t = (log(1.64)/log(1.0425)

t = 11.8 years

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Related Questions

Finding angle measure pls help

Answers

58

Hope it’s right
Best luck with your studying

If right I’ll mark brainiest

Answers

Answer:

1.5s - 0.5

Step-by-step explanation:

-2.9a + 6.8 + 4.4a - 7.3

6.8 - 7.3 = -0.5

-2.9a + 4.4a = 1.5a

1.5s - 0.5

Answer:

1.5a

Step-by-step explanation:

Shivani played a video game with three levels. It took her 30 minutes to beat the first level and 1 hour and 45 minutes to beat the second level. Shivani played the final level for 30 minutes to finish the game. She beat the final level and stopped playing at 12:15 P.M. What time did Shivani start playing the game?

Answers

Answer:

9:30 am

Step-by-step explanation:

Add 30 minutes + 30 minutes to get 60 minutes, which is one hour. Add 1 hour to 1 hour and 45 minutes to get 2 hours and 45 minutes. Subtract 2 hours from 12:15 pm, to get 10:15. That'll leave you with just 45 minutes left. To make it easier than subtract 45 minutes from 10:15, subtract 15 minutes from 10:15, to end up at 10:00 am. 45 minutes - 15 minutes = 30 minutes, so then you subract 30 minutes from 10:00 am, and you end up at 9:30 am, which is your final answer

6) What would be the next three terms in the sequence 1, 3, 9, 27.....? *
2 points

Answers

81

explanation: you are multiplying by 3 each time. 27*3 is 81.

it’s 81!!!!!!!!!!!!!

9
8
8
7
9
5
4.
3
3
2
2.
1
0
0
N
4
9
00
10

Answers

b = 41 1/6

c = 500

d = 281 1/4

7. How many solutions does the given system have?
y = 3x + 1
6x - 2y = -2
A. one solution
B. two solutions
C. infinite solutions
D. no solution

Answers

Answer:

C infinite solutions

Step-by-step explanation:

First, put both equations in the form of y=mx+b then you will get the same equation in both. Since both equations are the same they intersect at all the points which means this system has infinite solutions.

вычислите: 7/8:(-2 1/4):5/6:(2 1/2):(-6/25)

Answers

Answer:

= 3087 / 320

Step-by-step explanation:

Dose anyone have the tutor option active or working

Answers

Answer:

Yep?

Step-by-step explanation:

What's up?

...........

Yesssss Im here what can I help you with

please help I appreciate it also have a good day!

Answers

17 to the power of 1

17 to the power of 1 its soo easy

mathew paid a total of $68.00 for 8 pepporoni pizzas

Answers

Answer:

Each pizza cost $8.50

Step-by-step explanation:

what is the answer to 2x+7=-3x+37

Answers

Answer:

Step-by-step explanation:

Answer: x=6

Step-by-step explanation:

hope this helps!

Factor the expression using the GCF. 98 - 70 =

Answers

Answer:

14 is the GCF of both 98 and 70

Given the following exponential function, identify whether the change represents growth or decay, and determine the percentage rate of increase or decrease.
y=270(1.86)^x
y=270(1.86)
x

Answers

Answer:

Step-by-step explanation:

Please help 30 points will give brainliest

Answers

Answer:

60°

Step-by-step explanation:

I’m just checking this, can someone who knows math please tell me the value of Y and W. Thank you!

Answers

Answer:

w=4, y= 4sqrt2

Step-by-step explanation:

45 45 90 triangle property

Adrian is walking along the edge of a circular pool. The distance from one end of the pool to the other and through its center is
24 feet
What distance, rounded to the nearest hundredth of a foot, did Adrian cover to complete one lap of the pool by walking along its
edge?
O A
452.39 feet
ов.
37.70 feet
Ос.
75.40 feet
OD
150.80 feet

Answers

Answer:

Step-by-step explanation:

when five is subtracted from
4 times a number and the
remainder is divided by 3, the
result become 7. what is the
number?

Answers

Hope it helps u mate.......

There is a $250 entrance fee for each band to enter the competition. A total of $8000 was collected. How many bands competed in this competition? PLEASE HELPPPPPPPPPPPPPPPPPPPPPP

Answers

32 because $250 x 4 = $1000, and $8000/$1000 =8, so 4 x 8 = 32

32!! 8000 divided by 250 is 32! So you have 32 bands

Find the areas of these parallelograms, drawn on a centimetre grid.
b)
a)

Answers

Answer:

a-16cm

b-12cm if not iwill look again

Step-by-step explanation:

Area of the parallelograms are :(a) = 16 cm² and (b) = 12 cm² which is drawn on a centimeter grid.

What is Parallelogram?

A parallelogram is defined as a special type of quadrilateral that has both pairs of opposite sides parallel and equal. A parallelogram is a square and a rhombus is a square.

The formula to calculate the area of a parallelogram can thus be given as,

Area of parallelogram = b × h square units

where b is the length of the base and h is the height or altitude

For parallelogram (a),

length of the base = 4 cm

the height or altitude = 4 cm

Area of parallelogram (a) = b × h = 4 × 4

Area of parallelogram (a) = 16 cm²

For parallelogram (b),

length of the base = 2 cm

the height or altitude = 6 cm

Area of parallelogram (b) = b × h = 2 × 6

Area of parallelogram (b) = 12 cm²

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the difference of d and 7 divided by 2

Answers

Answer:

(D- 7) ÷ 2

Substitute D

(8 - 7) ÷ 2

1 ÷ 2

0.5

PLEASE
Find the mean, median, mode, and range of the following data set.

4, 3, 2, 4, 6, 6, 4, 3, 3, 4, 5

Mean:

Median:

Mode:

Range:

Answers

Answer:

Mean: 4

Median: 4

Mode: 4

Range: 4

Hope this helps

mean: 4

median: 4

mode: 4

range: 4

2 3 3 3 4 4 4 4 5 6 6

Find ALL solutions:

x^4 + 8x = 0

Answers

Answer:

x = 0 or x = -2

Step-by-step explanation:

x^4+8x=0

Step 1: Factor left side of equation.

x(x+2)(x2−2x+4)=0

Step 2: Set factors equal to 0.

x=0 or x+2=0 or x2−2x+4=0

x=0 or x=−2

Answer:

x= 0, -2, 1+i[tex]\sqrt{3}[/tex], 1-i[tex]\sqrt{3}[/tex]

Step-by-step explanation:

Hope it helps ;)

What is the measure of Angle A?
A
6x - 20
3x +4

Answers

Answer:

A=152°

Step-by-step explanation:

6x-20=3x+4

3x=24

x=8

6x-20=6(8)-20=48-20=28

A=180-28=152

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