A person invests 3500 dollars in a bank. The bank pays 6.25% interest compounded annually. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 11100 dollars?

Answers

Answer 1
18.328 or 18.3 years
Answer 2

The duration of time period required is 2.4 years.

What is a compound interest?

Compound interest simply means that the interest associated with a bank account, loan, or investment increases exponentially over time.

Given that, A person invests 3500 dollars in a bank. The bank pays 6.25% interest compounded annually.

A = P(1+r/100)ⁿ

n = time

A = amount

P = principal

11100 = 3500(1+0.0625)ⁿ

3.171 = (1.0625)ⁿ

Taking log to both sides,

log(3.171) = nlog(1.0625)

n = 2.40

Hence, the required time is 2.4 years.

For more references on compound interest, click;

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Related Questions

PLS HELP!!! 7TH GRADE MATH

Answers

Answer:

The first picture is 72 ft²

Step-by-step explanation:

Answer for 1:

242

Answer for 2:

214.57

Answer for 3:

88.79

Explanation:

I used Goggle

I don't get what to do with this!

Answers

Answer:

76+76=152

Step-by-step explanation:

There are 136 students at the dance. 62 of the students are females. What is the ratio of boys to girls at the dance? PLEASE HURRY!!!

Answers

The ratio of boys to girls is 74:62

74 represents the boys

62 represents the girls

For what value of g is the equation – 13(q + 4) = 79 + 16

Answers

Answer:

13(g+4)=79=16    if          -13(g+4)=79+16

g=43/13                               g=-147/13=-11 1/13

Step-by-step explanation:

13g+52=95               -13g-52=95

13g=95-52                -13g=95+52

13g=43                      -13g=147

g=43/13                       g=-147/13=-11 1/3

Find the average value fave of the function f on the given interval. f() = 5 sec2(/6), 0, 3 2

Answers

Answer:

[tex]f_{ave}[/tex] = [tex]{\frac{10 }{3\pi }[/tex]

Step-by-step explanation:

To find - Find the average value fave of the function f on the given interval. f(x) = 5 sec²(x/6), [0, 3[tex]\pi[/tex]/2]

Proof -

We know that,

Average value of f in the interval [a, b] is -

[tex]f_{ave}[/tex] = [tex]\frac{1}{b - a}\int\limits^b_a {f(x)} \, dx[/tex]

Now,

Here a = 0, b = [tex]\frac{3\pi }{2}[/tex], f(x) = [tex]5sec^{2}(\frac{x}{6} )[/tex]

Now,

[tex]f_{ave}[/tex] = [tex]\frac{1}{\frac{3\pi }{2} - 0}\int\limits^{\frac{3\pi }{2} }_0 {5sec^2 ({\frac{x}{6} }) } \, dx[/tex]

      = [tex]{\frac{2 }{3\pi }}\int\limits^{\frac{3\pi }{2} }_0 {5sec^2 ({\frac{x}{6} }) } \, dx[/tex]

      = [tex]{\frac{10 }{3\pi }}\int\limits^{\frac{3\pi }{2} }_0 {sec^2 ({\frac{x}{6} }) } \, dx[/tex]

      = [tex]{\frac{10 }{3\pi }}[\ {tan({\frac{x}{6} }) }|^{\frac{3\pi }{2} }_0 \, ][/tex]

      = [tex]{\frac{10 }{3\pi }}[\ {tan({\frac{x}{6} }) - tan({0) } \, ][/tex]

      = [tex]{\frac{10 }{3\pi }}[ {1 - 0 } ][/tex]

      = [tex]{\frac{10 }{3\pi }[/tex]

⇒[tex]f_{ave}[/tex] = [tex]{\frac{10 }{3\pi }[/tex]

Use the net to compute the surface area of the three-dimensional figure.
A) 56 units2
B) 62 units2
C) 68 units2
D) 74 units2

Answers

Answer:

B. 62 un2

Step-by-step explanation:

Find the slope y-intercept of each line. Write the equation of the line please help

Answers

Answer:

6) Slope: -2, Y-Intercept: 4

7) Slope: 5/4, Y-Intercept: -4

Step-by-step explanation:

What is MCAD
A. 25
B.90
C.100
D.115

Answers

Answer:

115 I think is the answer

i have no idea where to plot the points

Answers

Answer:

1/4 is slope\

Step-by-step explanation:

1/4 it’s going on a down slope

DeShawn has 3.5 bottles of water. Each full bottle holds 8.25 fluid ounces. DeShawn wants to know how many fluid ounces of water he has in all. NEED HELP

Answers

Answer: 27.625 fl oz

Step-by-step explanation:

8.25*3.5= 27.625 fl oz

What is the correct answer?

Answers

Answer:

F

Step-by-step explanation:

The answer to your question is F

PLEASE HELP ILL GIVE BRAINLIEST
PLEAZE SHOW WORK

Answers

Answer:

A

Step-by-step explanation:

divide it

45/.7

There are 96 raisins and 24 cashews in each package of granola.

What is the unit rate in raisins per cashew?


4

12

20

96

Answers

the answer is 4
96/24 =4
hope this helps

Sabrina has a rectangular swimming pool in her backyard. She fills it with water to the depth of 4 feet. The water in the pool has a volume of 1600 cubic feet. What are the possible dimensions of the swimming pool with the given depth? Select ALL that apply. WHAT IS THE ANSWER????? PRETTY PLS AND THANK YOU

Answers

Answer: [tex]20\times 20, 16\times 25, 10\times 40[/tex]

Step-by-step explanation:

Given

The volume of the pool is [tex]1600\ ft^3[/tex]

Depth of water is [tex]d=4\ ft[/tex]

Suppose A is the base of the pool

[tex]\Rightarrow V=A\times d\\\Rightarrow 1600=A\times 4\\\Rightarrow A=400\ ft^2[/tex]

This area can be written as

[tex]\Rightarrow A=10\ ft\times 40\ ft\ or\\\Rightarrow A=16\ ft\times 25\ ft\ or\\\Rightarrow A=20\ ft\times 20\ ft[/tex]

The volume of the rectangular prism is ___ cubic units.

Answers

Answer:

144 cube units

Step-by-step explanation:

volume = width*height*length

V=12*3*4

V=144 cube units

Answer:

This is your answer. If I'm right so,

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Find the area of a rectangle with side lengths 5 /8 ft. And 1/ 3 ft. A 1-foot by 1-foot square is shown. The square is divided into 8 rows and 3 columns. Therefore, there are a total of 24 equal-sized cells inside the square. A. 5 /11 ft 2 B. 1 11/ 12 ft 2 C. 6/ 11 ft 2 D. 5 /24 ft 2

Answers

Answer: 5/24 ft²

Step-by-step explanation:

To find the the area of a rectangle with side lengths 5/8 ft and 1/3 ft, we need to know that the area of a rectangle is gotten by multiplying the length by the width.

In this case, the area of the rectangle will be:

= 5/8 × 1/3

= 5/24 ft²

simplify the following
[tex]( \frac{1}{a} - \frac{1}{b}) {}^{ - 1} [/tex]

Answers

Answer:

Step-by-step explanation:

[tex]\frac{1}{a}-\frac{1}{b} =\frac{1*b}{a*b}-\frac{1*a}{b*a}\\\\=\frac{b}{ab}-\frac{a}{ab}\\\\=\frac{b-a}{ab}\\\\\\(\frac{1}{a}-\frac{1}{b})^{-1} = (\frac{b-a}{ab})*{-1}\\\\=\frac{ab}{b-a}[/tex]

find the value of given expression


[tex] \sqrt{5688 \times 5688 \times 4} [/tex]

Answers

Step-by-step explanation:

The answer will be-+ 11376

Answer:

√{5688×5688×4}=√{5688²×2²)==±11376

Find the measures of the numbered angles in the quadrilateral.

Answers

Answer:

c

Step-by-step explanation:

angles in a triangle r equal to 180

180-90-65 is equal to 25

and 1 is 90 degree

what is the solution to the inequality

Answers

it would be x ≥ -2
i’ll attach an image to show work

solve the system by substitution 2x + 5y = - 3 and y = - 1

Answers

Answer:

x = 1

y= -1

Step-by-step explanation:

Plug in for y

2x + (5)(-1) = -3

2x - 5 = -3

2x = - 3 + 5

2x = 2

x = 1

12. Divide 2.4 ; 2= 14 1 1​

Answers

Answer:

5

Step-by-step explanation:

I think it’s 5 but that’s all I counted

Simplify the fraction to lowest terms, and enter your answer below as a
fraction, using the slash mark ( 7 ) as the fraction bar.
4
12

Answers

Answer:

1/3

Step-by-step explanation:

Ellie wanted to build a fence around her rectangular garden. The garden is 10 ft by 20 ft. A) What is the perimeter of the garden in feet?

Answers

Answer:

60 feet

Step-by-step explanation:

Perimeter is the sum of the four sides of a rectangle

the formula for the perimeter of a rectangle = 2 x (length + breadth)

2 x (10 + 20)

2 x (30)

= 60 feet

Alternatively, you can add the sides together : 10 + 10 + 20 + 20 = 60 feet

Please someone help me I don’t understand

Answers

Answer:

Step-by-step explanation:

Remark

The solution to this is to add the two vertically opposite arcs and take 1/2 of the result to get the intersecting angle of the chords.

Solution

<x = 1/2 (arc measure of 116 + 74)

<x = 1/2 (190)

<x = 95

SOMEONE PLEASE HELP ME ILL GIVE YOU BRAINLY IF YOU GET IT RIGHT!!!!

Answers

Answer:

A

Step-by-step explanation:

Answer:

C

Step-by-step explanation:

1. P(E)>P(D) (Event E is more likely to occur, therefore it has a greater probability)

2. P(E)>0.5 (The probability of event D is given as 0.5, so rewrite P(D) in the inequality)

3. 0.5 is equal to 0.5 and 0.1 is less than 0.5, so you can rule out options A and D

4. This leaves us with options 1.5 and 0.9, but it is impossible to have a probability that is greater than equal to one, so you can immediately rule out B

5. After this elimination process, the only remaining answer is C) P(E)=0.9

Simplify using properties of operations and then factor the expressions using the GCF. (2g + 2) - (-4g - 7)

Answers

Answer:

3(2g + 3)

Step-by-step explanation:

We start out with the expression (2g + 2) - (-4g - 7).

Firstly, let's distribute the negative:

(2g + 2) - (-4g - 7)

2g + 2 + 4g + 7

Now, combine like terms:

2g + 4g + 7 + 2

6g + 9

The GCF stands for "Greatest Common Factor." In this case, we have to find the GCF between 6 and 9. What is the GCF of 6 and 9? It would be 3. So,

6g + 9

3(2g + 3)

if 1/4 gallon of paint covers 1/3 of a wall in luna’s bedroom, how much paint does she need to cover 1 wall?

Answers

Answer:

3/4

Step-by-step explanation:

Pls help me with the answer to question 3

Answers

i the pictures aren’t working
The maximum volume that Tom can fit in the box is 144 in^3. We know that the formula for the volume of the box is V=l*w*h, so when you plug in the numbers from the problem, it becomes V=6*6*4. When you multiply those numbers, you get 144. When you add your units, the answer is 144 in^3. If you need any more help or any clarification, please let me know and I will be happy to help!

I need help I would appreciate it if u would help me with this problem :)

Answers

Answer:

The answer is letter A.

Step-by-step explanation:

 The amount that each company charges per hour on the pool is known, however the amount of hours they will be working is not, and is needed to distinguish which company is cheaper. Therefore, the number of hours is  substitued by x and it is right next to the amount they charge for each hour. To find what each company charges, you must sum up what they charge and what they charge per hour, times the hours they will have to work on it( which is unknown and by x).

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