if tzs 2,500,000 is invested at an interest rate of 9.5%,compounded twice monthly, how long will it take for the investment to reach tzs 7,500,000?​

Answers

Answer 1

9514 1404 393

Answer:

  11 years, 7 months

Step-by-step explanation:

When the investment reaches its desired value, it will be 3 times the original amount. So, we are looking for the number of half-month periods (n) of compounding such that ...

  (1 +0.095/24)^n = 3

Taking logarithms, we have ...

  n·log(1.003958333...) = log(3)

  n = log(3)/log(1.009358333...) ≈ 278.09

This is 278.09/24 ≈ 11.59 years.

It will take about 11 years and 7 months for the investment to reach the desired value.

__

Additional comment

The amount will be about tzs 2,758 short after 11 years 7 months. It will exceed the desired amount after 2 more days' interest is added.


Related Questions

graphing an inequality gives you a visual model of a Solution true or false​

Answers

Answer:

true ofc

Step-by-step explanation:

In fraction how too solve 2/8=4

Answers

Answer:

8/8=16

Step-by-step explanation:

4/2=2

2x8=16

8/8(whole)=16

What is the area of a rectangle that has a length of 1/4 inch and a width of 1/8 inch?

Answers

Answer:

1/4 * 1/8 = 1/32 inch

Step-by-step explanation:

1/4 * 1/8 = 1/32inch

SOMEONE PLEASE PLEASE HELP!!!!

Answers

Answer:

x=16

Step-by-step explanation:

I don't know if this is right! Just a guess! if that is a test, don't use my answer!

HELP URGENT WILL GIVE BRANILY PLEASE ANSWER
When you get home to plant the flowers, you have 3 different flowerbeds in which you plan on planting flowers. You have two flowerbeds where you want the same ratio for tulips to daffodils. In one of these flowerbeds you have 6 tulips and 8 daffodils. The other flowerbed you have 4 daffodils.

How many tulips should there be in the second flowerbed to have the same ratio of tulips and daffodils as the first flower bed?


How many total daffodils are used in these two flowerbeds?

Answers

Answer:

3 tulips, 12 daffodils

Step-by-step explanation:

tulips to daffodils= 6:8=3:4

x:4 = 3:4

8+4=12

you need 10 to have the same ratio

there are 24 daffodils in the two flowerbeds

Could anyone help answer the question in the photo?

Answers

Answer:

[tex]n = -3/10[/tex]

Step-by-step explanation:

Given the expression [tex]\frac{\sqrt[5]{b} }{\sqrt[]{b} }[/tex]

[tex]\frac{\sqrt[5]{b} }{\sqrt[]{b} } \\= \frac{b^{1/5}}{b^{1/2}} \\= b^{1/5-1/2}\\= b ^{2-5/10}\\= b^{-3/10}\\Compare \ b^n \ with \ b^{-3/10}\\\\n = -3/10[/tex]

Is the graph increasing, decreasing, or constant? O A. Constant O B. Decreasing O C. Increasing​

Answers

Answer:

B

Step-by-step explanation:

Look at the line, it goes down, meaning a decrease in numbers.

(a) Let p represent the proportion of all supermarket shoppers who always stock up on an item when they find a real bargain. Find a point estimate for p. (Enter a number. Round your answer to four decimal places.)

Answers

[tex]Here \ is \ the \ missing \ part.[/tex]

[tex]In \ a \ marketing \ survey, \ a \ random \ sample \ of \ 992 \ supermarket \ \ shoppers \ \ revealed[/tex]

[tex]that \ 274 \ always \ stoc k \ up \ on \ a n \ item \ when \ they \ find \ that \ item \ at \ a \ real \ bargain \ price.[/tex]

Answer:

0.2762

Step-by-step explanation:

The point estimate is the best guess of the true parameter. It is an estimate of a population parameter and it is a single value of statistics.

The sample proportion [tex]\hat p[/tex] is the point estimate of the population proportion p

Given that

The sample mean = 274; &

The sample size = 992

Then,

The point estimate [tex]p = \dfrac{x}{n}[/tex]

[tex]p = \dfrac{274}{992}[/tex]

p = 0.2762

PLEASE HELP!! IT IS DUE TODAY!!

Answers

Answer:

[tex]x=27[/tex]

Step-by-step explanation:

Well based on my knowledge, all the angles of a triangle adds up to 180°. ∠D looks pretty much adjacent to ∠A. I suppose that if what I'm thinking about, ∠D and ∠A being adjacent is correct, then this is what you have to do.

∠D = 2x

∠A = ∠D

That means that ∠A is 2x.

Since all angles of a triangle adds up to 180°, you have to add up the angles of ΔABD.

[tex]72+2x+2x=180\\\\72+4x=180[/tex]

Now you subtract 72 from both sides.

[tex]4x=108[/tex]

Then you divide 4 on both sides.

[tex]x=27[/tex]

So, the value of x is 27.

Sorry if this is wrong :(

A rope is 7 1/3 feet long. If the rope is cut into 4 equal sized pieces, what is the length of each piece in feet?

Answers

Answer:

2 1/3 ft

Step-by-step explanation:

1/4 * 7 1/3 = 1/4 * 28/3 = 7/3

G(h)= -4h -5 Fill in g(3)

Answers

Answer:

G(3)=-17

Step-by-step explanation:

G(3)=-4(3)-5

     =-12-5

    =-17

What are the solution(s) to the quadratic equation 50 – x2 = 0?
O x= +2/5
O x = 16V3
O x= 15/2
O no real solution

Answers

What are the solution(s) to the quadratic equation 50 – x2 = 0?
O x= +2/5

A game center has a $5 admission fee in charges $0.50 for each game played. Write an equation that represents the cost, why, in dollars, of playing x games at this game center. (Use the form Y=mx +b)

Answers

Answer:

y=0.50x+5

Step-by-step explanation:

Answer:

y = 0.5x + 5

Step-by-step explanation:

Please let me know if you want me to add an explanation as to why this is the answer. I can definitely do that, I just wouldn’t want to write it if you don’t want me to :)

QUESTION
Two trillion is how much more than seven hundred fifty billion.
Write the answer in scientific notation.

Answers

Umm.... ERROR is the answer
Two trillion is 1250000000 than 750000000

Twice the difference between a number, x, and eighteen is three times the number.

Answers

Answer:

2(x-18)=3x

Step-by-step explanation:

hope this helps

what is the x for 1/2x=150

Answers

X=300. basically multiply 150 times 2 to get the number. To check if it’s right divided 300 by 2 and see if it’s 150 or not. If not Choose another number

Which of the points is on a line with positive slope?

A
(-6, 1) and (-6, 9)

B
(2, 6) and (11, -3)

C
5, 0) and (8, 4)

D
(3, 4) and (-2, 12)

Answers

(5,0) and (8,4)

it’s the only one when graphed that the line (from left to right) goes up,

Which equation represents a line having a slop of 5/2 and a y intercept of (0,-4)?

Answers

Answer:

A

Step-by-step explanation:

Given right triangle ABC with altitude BD drawn to hypotenuse AC. If AC = 10
and DC= 7, what is the length of BC in simplest radical form? (Note: the figure is
not drawn to scale.)

Answers

Answer:

3

Step-by-step explanation:

helpppp pls (correct answer

Answers

Answer:

5^12

Step-by-step explanation:

5 to the 12th power because 4x3 =12

5 to the 12th power


Hope this helps

Which expressions are equivalent to -f-5(2f-3)?

Answers

Answer:  - 11f + 15

Step-by-step explanation:

- f - 5(2f - 3)

= - f - 10f + 15

= - 11f + 15

plz add braniliest

Any smart people want to help I stink at math !!

Answers

Answer:

I don’t know the answer I just need some points to ask more questions !!! have a good day !!

Step-by-step explanation:

Answer:

Step-by-step explanation:

We know that

The cash cost is $4400.

She pays 10% down

The balance paid in 6

Monthly payment is $676

First , let's find the amount financed:

[tex]A=4400.\frac{90}{100} =3960[/tex]

The number of payments per year (n) are 6.

The time in years is half a year.(6 months)

The installment payment is $676.

The total amount paid is

[tex]676.6=4056[/tex]

Then, we subtract to obtain the finance charge

[tex]4056-3960=96[/tex]

Hence , the answer to (a) is $96, that's the finance charge  

b) I need the table for doing that one

PLEASE MARK ME AS BRAINLIEST

Graph 1
Graph 2
They are the same
Which graph is increasing at a faster rate?
Which graph has a higher initial value?
Which graph has a higher value at x = 2

Answers

Answer:

I think it's Graph 2 in all

Hope this help

It is graph 2 don’t worry it’s right

please help

Select the correct answer. Which graph represents the solution to this inequality? ​

Answers

ANSWER i think its c Step-by-step explanation:

Which of the following expressions is equivalent to 3 + 3 • 12 ÷ 4 • 3?

1. 3 + 36 ÷ 4 • 3
2. 6 • 12 ÷ 4 • 3
3. 3 + 3 • 12 ÷ 12
4. 3 + 3 • 3 • 3

Answers

Answer:

The first one is the correct answer because it has the same value when you solve them.

Answer:

A) 3 + 36 ÷ 4 • 3

Step-by-step explanation:

Please help, teacher doesn’t explain anything so i have no idea what i’m doing.

Answers

Answer:

5) MN = 17

6) x = 8

7) x = 13

Glad to help you anytime!

YOU HAVE SAVED $5000 AND INVESTED IT AT A RATE 3.2% FOR 5 YEARS. WRITE AN EXPONENTIAL FUNCTION TO REPRESENT THIS SITUATION. HOW MUCH WILL VOU KAVE AFTER YEARS? HOW MUCH WILL A BILLIONAIRE HAVE IF HE INVESTS $1,000,000,000 AT THE SAME RATE FOR THE SAME AMOUNT OF TIME?

Answers

Answer:

5852.86 = 5000 (1+ .032)^5

1170572956 = 1,000,000,000(1+ .032)^5

Step-by-step explanation:

3/5 × 35 in simplest form

Answers

Answer:

i used desmos calculator

Step-by-step explanation:

3/5 = 0.6

0.6 x 35 = 21

21 is already a simplest mode

u can also used 0.21

Take a look at the score for "Evening Song."

a score for Evening Song in standard music notation, the staff begins with a treble clef, a sharp symbol on the F line and in the C space, and a four over a four; the melody of the song is half note D, quarter note G, quarter note F sharp, half note E, quarter rest, eighth note F sharp, eighth note G, eighth note A, eighth note G, eighth note F sharp, eighth note E, quarter note G, quarter note C sharp, half note D; the solfege for the song is Do Fa Mi Re Mi Fa Sol fa Mi Re Fa Ti Do
Use the steps to sight reading to answer the following questions about the score.

What is the key signature?
What is the time signature?
Which rhythmic note values are used in the score?
Which solfege pitches are used in the score?

Answers

Answer: sorry

Step-by-step explanation:

According to the Fundamental Theorem of Algebra, how many roots exist for the polynomial function?

Answers

Answer:

5

Step-by-step explanation:

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