Approximately how many years will it take $3000 to double if it is invested in an account that pays 3%
compounded monthly? Round your answer to the nearest whole year.

Answers

Answer 1

Answer:

24 years

Step-by-step explanation:

Total = start*(1 + interest rate / amount of times compounded per month)^(years*amount of compounds per year)

6000 = 3000*(1+0.03/4)^(4x)

6000 = 3000* ((403/400)^4)^x

2 = ((403/400)^4)^x

x = log base-((403/400)^4) of 2 = x

x = 23.19

rounding down 23 years (but you probably want a year over that to get at least 6000, so 24)


Related Questions

The weekly revenue for a product is given by R(x) = 324x - 0.0495x?, and the weekly cost is C(x) = 8000 + 162x - 0.099x2 + 0.00003x”, where x is the number of units
produced and sold
(a) How many units will give the maximum profit?
(b) What is the maximum possible profit?
(a) The number of units that will give the maximum profit is
(Round to the nearest whole number as needed.)

Answers

Answer:

(a) The number of units that will give the maximum profit is 2,000 units.

(b) The maximum possible profit is $274,000.

Step-by-step explanation:

(a) How many units will give the maximum profit?

From the attached photo in the question, we are given;

R(x) = 324x - 0.0495x^2 ………………....................................……….. (1)

C(x) = 8000 + 162x - 0.099x^2 + 0.00003x^3 …………………….. (2)

In economics, profit function, P(x), is obtained as follows:

P(x) = R(x) - C(x) ………………………. (3)

Substituting the equations (1) and (2) for R(x) and C(x) respectively into equation (3) and then simplify, we have:

P = 324x - 0.0495x^2 - (8000 + 162x - 0.099x^2 + 0.00003x^3)

P = 324x - 0.0495x^2 - 8000 - 162x + 0.099x^2 - 0.00003x^3

P = -8000 + 162x + 0.0495x^2 - 0.00003x^3 ………………….. (4)

Taking a derivative of equation (4) with respect to x and equating to 0, we have:

162 + 0.099x - 0.00009x^2 = 0 .................... (5)

Using the almighty formula as follows:

x = (-b +/- (b^2 - 4ac)^0.5) / 2a ………………. (6)

Where, from equation (5);

a = - 0.00009

b = 0.099

c = 162

Substituting the values into equation (6), we have:

x = (-0.099 +/- (0.099^2 - (4 * (- 0.00009) * 162))^0.5) / (2 * - 0.00009)

x = (-0.099 +/- 0.261) / -0.00018

x = (-0.099 + 0.261) / -0.00018, or x = (-0.099 - 0.261) / -0.00018

x = -900, or x = 2000

Since negative number does not have economic value in economics, the number of units that will give the maximum profit is therefore 2,000 units.

(b) What is the maximum possible profit?

From part a, x = 2000

Substituting x = 2000 into equation (4) and then solve, we have:

P(x) = -8000 + (162 * 2000) + (0.0495 * 2000^2) - (0.00003 * 2000^3)

P(x) = 274,000

Therefore, the maximum possible profit is $274,000.

6-2d=42


What is D please help me find what it is​

Answers

Answer: -18

Step-by-step explanation:

if 6-2d=42

just subtract 6 from both sides

-2d=42-6

-2d=36  now divide by 2

-d=18

multiply by -1

d=-18

Answer: d=-18

Step-by-step explanation:

6-2d=42

First subtract 6 from both sides

-2d=36

Now divide both sides by -2 to get d alone

d=-18

find the length of side x in simplest radical denominator

Answers

Answer:

324352

Step-by-step explanation:

3(x – 2) = 3x + 4 solve for X

Answers

Answer:

The answer is: Use a calculator.

Step-by-step explanation

With the calculator you are able to do ANY problem.

Answer: There is no solution.

Step-by-step explanation:

Simplify both sides of the equation

subtract 3x from both sides

add 6 to both sides

0=10

The answer is - there are no solutions

A rectangle measures 54 feet by 72 feet. What is the length, in feet, of
the diagonal of the rectangle?
a. 48 ft
b. 90 ft
c. 110 ft
d. 2268 ft
e. 8100 ft

Answers

length (l) =54

breath (b) =72

l²+b²= diagonal²..........(Pythagoras theorem) and (all sides of rectangle are 90degree)

(54)²+(72)²=diagonal²

2916+5184=diagonal²

8100=diagonal²

90= diagonal.............(taking square root)

length of diagonal is 90ft

i hope it helps

have a nice day and thanks for asking this question

Jessica runs 4 miles every 32 minutes. At thisrates, how many miles does she run in 48 minutes

Answers

Proportion
4/32 = x/48
48/32 = 1.5
x/4 = 1.5, 4 * 1.5 = 6
Solution: 6 miles

How is 0,2 an answer?

Answers

Answer:

it is an answer if you are using a coordinate plane

Step-by-step explanation:

Triangle ABE ~ Triangle CDE. Find the length of altitude for NE.

Answers

Hope that it will help you

Alison wants to construct the perpendicular bisector of MN⎯⎯⎯⎯⎯⎯.



What should Alison do for her first step?

Place the point of the compass on point M and draw an arc, using a width for the opening of the compass that is greater than 12MN.
Use the straightedge to draw a line that intersects MN⎯⎯⎯⎯⎯⎯ at a point between M and N.
Place the point of the compass on point M and draw an arc, using a width for the opening of the compass that is equal to 12MN​ .
Place the point of the compass on point M and draw an arc, using a width for the opening of the compass that is less than 12MN

Answers

Answer:

What should Alison do for her first step ? She should learn to intersect the bisector of the intersector of mn such that mn should be the intersection of mn to nm so that no 2 intersections should intersect each other's bisector of mn to intersect of mn.

Step-by-step explanation:

Answer:

I should add that Alison is a very smart girl if she wants to construct such a perpendiculiar bisector of MN--. I am realy gratefull for such a kind and wise little smart girl.

Step-by-step explanation:

Patrick graphed a square with the area of 50 square units on a coordinate plane. one of the verticles of the square is located at (5,10). which could the other three vertice of the square

Answers

Answer:

The other 3 vertices would be (10,5) , (5,0) , and (0,5)

Step-by-step explanation:

Which shape is similar to shape x?

Answers

Answer:

the c one

Step-by-step explanation:

hope it will help

Answer:

Step-by-step explanation:

Probably C but I sure wouldn't bet the farm on it. It looks like C is about 1.5 times the size of X

Please need help on this one

Answers

Answer:

ΔEFD and ΔXYZ

4. Mrs. Dion decided to go out to dinner. She
spent $15.40 on her meal. She tipped the waiter
$4.25. How much did she pay all together?

Answers

Answer:

$19.65

Step-by-step explanation:

Adding decimals is the same as simple addition just line up the point in the numbers and add.

Please help I dont understand..​

Answers

Answer:

2. A

3. H

4. D

5. C

6. G

7. E

8. F


Kareem is flying two kites. He has 104 feet of string out to one kite and 120 feet out to the other kite. The angle formed by the two strings is 36° as shown in
the figure below. Find the distance between the kites.
120
104
36 degrees
Carry your intermediate computations to at least four decimal places.
Round your answer to the nearest tenth of a foot.
Submit Assignment
Type here to search
O
BI
2020 McGraw Education. All Rights Reserved. Terms of Use | Pracy i Accent
11:10 PM
12/11/2020
DEL

Answers

Answer: Manuel is flying two kites. He has

102

feet of string out to one kite and

111

feet out to the other kite. The angle between the strings is

36°

as shown in the figure below. Find the distance between the kites

A school carnival is having a dunk tank. The graph shows the temperature, t, in Fahrenheit after h hours.
Tank Temperature


Which linear function does the graph represent?

Answers

Temp Answer: right answer

Given `∆QRS≅∆TUV,` QS = 5v + 2, and TV = 8v - 7, find the length of QS

Answers

Answer:

3

Step-by-step explanation:

You have to equate them so...

5v+2=8v-7

I hope this helps you!

Find the volume of a right circular cone that has a height of 16.8 in and a base with a
radius of 4.7 in. Round your answer to the nearest tenth of a cubic inch.

Answers

Answer:

Volume of right circular cone is 388.43 in³

Step-by-step explanation:

Height of circular cone = 16.8 in

Radius of circular cone = 4.7 in

We need to find Volume of right circular cone

The formula used for calculating volume of a right circular cone is: [tex]Volume=\pi r^2\frac{h}{3}[/tex]

Putting values and finding volume

[tex]Volume=\pi r^2\frac{h}{3}\\Volume=3.14\times (4.7)^2 \times \frac{16.8}{3}\\Volume=3.14\times 22.09 \times 5.6\\Volume= 388.43 \:in^3[/tex]

So, Volume of right circular cone is 388.43 in³

Help please due soon

Answers

1. h=6
2. y=-1
3.t=2
4. d=2.1
5.k=0
6. -13 1/3

Answer:

1. H=6

2. Y= -1

3. T= 2

4. D= 2.1

5. K= 0

6. -13 1/3

Step-by-step explanation:

PLS HELP ASAP


Simplify 8 − (14). (1 point)

Question 5 options:

1)

−22

2)

−6

3)

6

4)

22

Answers

2) -6

8 is positive and 14 negative. You can either draw a number line and help yourself with that or since the negative one is bigger you can do the subtraction 14 - 8 and then change the sign of the answer.

1 and 1/4 - 1/3=
please give the right answer

Answers

Answer:

11/12

Step-by-step explanation:

15/12-4/12= 11/12

Answer:

11/12

Step-by-step explanation:

5/4 -1/3 first make the equation easier to look at so take the 1 and add it as 4/4

15/12-4/12 then make the bottom the same with multipulcation and tops are multiples as well

11/12 subtract

Find the scale factor of trapezoid QRST if it’s dilated to Q’R’S’T’. Type your result in the empty box provided below. HELPP PLEASE!!!!!!

Answers

Answer:

5 units

Step-by-step explanation:

its hard to tell but i think it dilated 5 units

We want to find the scale factor at which QRST is dilated to form Q'R'S'T'

We will find that the scale factor is 2.

In a general dilation, we will see that all the measures change in the same way, by the scale factor.

This means that:

QR*k = Q'R'

RS*k = R'S'

And so on, where k is the scale factor.

Then we can just find one of the equivalent measures in both trapezoids and find the value of k.

For example, we have:

Q'R' = 8

QR = 4

Replacing these on the above equation we get:

4*k = 8

k = 8/4 = 2

k = 2

The scale factor of dilation is 2.

If you want to learn more, you can read:

https://brainly.com/question/14793702

Subtract. Write the answer in lowest terms.

6 1/6 - 2 5/6

Answers

Answer:

61/6_25/6=61_25/6=36/6 we divide =6The answer is 6

Step-by-step explanation:

Please mark my answer as a brainliest. Please follow me. ❤❤❤

Answer:

3 1/6

Step-by-step explanation:

look on the attachment i sent

HELP QUICKLY PLEASE Which of these is used to find the estimated age range of a fossil?
Absolute dating
Half-life
Index fossils
Radioactive dating

Answers

Answer:

Step-by-step explanation:

Radioactive dating becouse they look how long the fossils were there

If sin theta= 3/4and angle A is in Quadrant I, what is the exact value of tan 2theta in
simplest radical form?

Answers

Answer:

-6[tex]\sqrt{7}[/tex] /434

Step-by-step explanation:

Please help me this is 7th grade math all you have to do is find the slope for the graph if it is right i will give you brianliest

Answers

Answer:

-10/2 or -5 for the slope

Step-by-step explanation:

rise over run: it's going down 10 and over 2 or

for every 5 down it goes 1 over

-10/2 or -5 for the slope

4x-(12 divided 3) +2x=20

Answers

Answer:

4

Step-by-step explanation:

There are 3 cups of blue paint and 2 cups of red paint. Whats the ratio?

Answers

Answer:

3:2

Step-by-step explanation:

can also be written as 3/2 as a fraction!

Answer:

Blue paint to red paint - 3:2

Red paint to blue paint 2:3

Step-by-step explanation:

For every 3 cups of blue paint there is 2 cups of red paint

For every 2 cups of red paint there is 3 cups of blue paint

Fraction Mode: 3/2 or 2/3

The coordinates of the vertices of △JKL are J(1, 4) , K(6, 4) , and L(1, 1) .


The coordinates of the vertices of △J′K′L′ are J′(0, −4) , K′(−5, −4) , and L′(0, −1) .



What is the sequence of transformations that maps △JKL to △J′K′L′ ?


reflection across the x-axis

rotation of 180° about the origin

rotation of 90° counterclockwise about the origin

translation 1 unit left


A sequence of transformations that maps △JKL to △J′K′L′ is a _________ followed by a ___________?

Answers

Answer:

The sequence of transformations are;

A translation by 1 unit left, followed by a reflection across the x-axis

Step-by-step explanation:

Here, we want to know the transformation sequence

Let us select one point

J(1,4)

to J’(0,-4)

To translate 1 unit right means that we are subtracting the value of 1 from the x-coordinate

That leaves us with (0,4)

To get the change in the y-coordinate value to negative, it means that we have reflected over the x-axis

x-axis reflection turns (x,y) to (x,-y)

So, the sequence of transformations that maps the two is;

A translation by 1 unit left followed by a reflection across the x-axis

Answer:

translation 1 unit left, then 180 degrees

Step-by-step explanation:

J (1,4)

K (6,4)

L (1,1)

Moving it 1 unit left,  x unit - 1

J (0,4)

K (5,4)

L (0,1)

Now, rotate it 180 degrees, (x,y) = (-x,-y)

J' (0,-4)

K' (-5,-4)

L' (0,-1).

Hence, the triangle JKL is transformed into triangle J'K'L' when a triangle JKL translates 1 unit to the left and then rotate 180 degrees about the origin.

Write the equation in slope-intercept form of the line that passes through the points (5,4) and (1−6,)

Answers

Answer:

y = 5/2x - 17/2

Step-by-step explanation:

First, find the slope of the equation by using the slope formula:

m = (y2 - y1) / (x2 - x1)

m = (-6 - 4) / (1 - 5)

m = 10/4

m = 5/2

Next, find the y-int by plugging in one of the two points into the equation we have so far:

y = 5/2x + b

(5, 2)

4 = 5/2(5) + b

4 = 25/2 + b

4 - 25/2 = b

b = -17/2

Now you have your final equation:

y = 5/2x - 17/2

Answer:

[tex]y=\frac{5}{2}x-\frac{17}{2}[/tex]

Step-by-step explanation:

Slope-Intercept Form: y = mx + b

Points: (5, 4), (1, -6)

Slope (Calculated): [tex]\frac{5}{2}[/tex]

[tex]y = \frac{5}{2}x+b[/tex]

[tex]-6 = \frac{5}{2}(1)+b[/tex]

[tex]b=-\frac{17}{2}[/tex]

[tex]y=\frac{5}{2}x-\frac{17}{2}[/tex]

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