Molly Invests $8,600 into her son's college fund, which earns 3% annual interest

compounded daily. Find when the value of the investment reaches $13,000. If necessary,

round to the nearest tenth.

The fund will reach $13,000 in approximately

years.

Answers

Answer 1

Answer:

n= 13.8 years

Step-by-step explanation:

First, we need to determine the daily interest rate:

Daily interest rate= 0.03 / 365

Daily interest rate= 0.000082

Now, using the following formula we can determine the number of days and years:

n= ln(FV/PV) / ln(1+i)  

n= ln(13,000 / 8,600) / ln(1.000082)

n= 5,039 days

In years:

n= 5,039/365

n= 13.8 years


Related Questions

Prove this
ASAP PLSSS

Answers

Answer:

its now proved

Step-by-step explanation:

Answer:

using this identies

easy too solve this question

Someone please help me I’ll give out brainliest please dont answer if you don’t know

Answers

Answer: hey Andrew Davila it’s green Z

Step-by-step explanation:

Answer:

it might be Green z

Step-by-step explanation:

because there is only three (Z) and one (X) so it represents Green Z

I hope it works out

Mark spends $36 at a basketball game. He buys a T-shirt for $22. He then buys a bottle of water for $4 and 2 tacos. How much is each taco?

Answers

Answer:

each taco is $7.

Step-by-step explanation:

In total he spent $36. He bought a shirt for $22 and a bottle of water for $4.

22+4= 26

36-22= 14

14 divided by 2= 7

Answer:

each taco is $5.

Step-by-step explanation:

Let's think about like Mark starts off with $36. Take away $22 for that t-shirt he bought. Now he has $14. He uses $4 for water, now he has $10. The rest of his money is spent on tacos. $10/2 tacos is $5 for each taco. :)

show that the equation x^3 + x - 3 has a solution between 1 and 2

Answers

Answer:

see explanation

Step-by-step explanation:

Evaluate the polynomial at x = 1 and x = 2

x = 1 : 1³ + 1 - 3 = 1 + 1 - 3 = - 1

x = 2 : 2³ + 2 - 3 = 8 + 2 - 3 = 7

Then ( 1, - 1 ) → (2, 7 )

Shows the polynomial goes from y = - 1 to y = + 7

The change in sign indicates the graph crosses the x- axis between 1 and 2

Thus indicating a solution between x = 1 and x = 2

Help meh plzzzzzzzzz

Answers

Answer:

51 yards

Step-by-step explanation:

Because every inch is 3 yards... You would multiply 17 by 3 to get it in real life dimensions. 17*3=51

(3/5)x + 25y=10 determine the slope of the line

Answers

Answer:

The slope is -0.048/2.000 or -0.024

Step-by-step explanation:

Expression that is equivalent to 5^6

Answers

Answer:

5^6 = 5*5*5*5*5*5 = 15625

Step-by-step explanation:

definition of exponents

Answer:

5 to the 6th power is 5*5*5*5*5*5

Step-by-step explanation:

The olabisi's want to build their dog a house similar to their own house. The front door of their house measures 3 1/2 feet by 8 feet. If the scale factor from the actual house is 1/6 what should the dimensions of the dog's front door be

Answers

Answer:

7/12 feet by 1 and 1/3 feet

Step-by-step explanation:

multiply the measures of the actual house by the scale factor to get the measures for the dog house

Square root 50 is between what two consecutive whole numbers?

Answers

Answer:

√50 lies between 7 and 8.15

Step-by-step explanation:

your welcome.

Answer:

7 and 8

..

.....

While eating dinner, Marian ate 25% of the apple slices she had in her bag. There were 20 apple slices in her bag. How many apple slices did
Marian eat?
4

Answers

If she ate 25% of the apples, that would equal 5 apples. Hope this helps!

can someone pls help.​

Answers

Answer:

25

Step-by-step explanation:

multiply then add hoped that helped

Answer:

25 and 9

Step-by-step explanation:

eff can paint 28 square feet every 30 minutes. Angela can paint 50 square feet every hour. Who can paint faster, and by how many square feet per hour?

Answers

Guessing “eff” is Jeff ;)
28 sq feet/30 min = 56 sq feet/60 minutes

Angela
50 sq feet/60 min

So Jeff paints 6 square feet more per hour.

What is the area of the triangle?
5
3


Answers

Answer:

7.5

Step-by-step explanation:

5 x 3 = 15 divided by 2 is 7.5

Please and don’t just answer for the points, it’s rude

Answers

a. (1,2) and b. no solution




let me know if you need me to explain

Answer:

7a ( 1,1)

7b ∅  or no solution

Step-by-step explanation:

The solution to the system is where the two functions intersect

For 7a.  The parabola and the line intersect at (1,1)

For 7b  The parabola and the line do not intersect so there is no solution

Ethan invested $9,500 in an account paying an interest rate of 2 3/4% compounded monthly. Henry invested $9,500 in an account paying an interest rate of 3 3/8% compounded quarterly. After 9 years, how much more money would Henry have in his account than Ethan, to the nearest dollar?

Answers

Answer:

691

Step-by-step explanation:

Henry would have $1,005.94 more than Ethan in his account after 9 years.

What is Percentage?

percentage, a relative value indicating hundredth parts of any quantity.

To solve this problem, we can use the formula for compound interest:

[tex]A = P(1 + r/n)^(^n^t^)[/tex]

where A is the amount after t years,

P is the principal

r is the annual interest rate,

n is the number of times the interest is compounded per year, and

t is the time in years.

For Ethan:

P = $9,500, r = 2.75% = 0.0275 (since it is compounded monthly, n = 12), and t = 9

[tex]A = 9,500(1 + 0.0275/12)^(^1^2^\times^9^)[/tex]

= $12,817.84

For Henry:

P = $9,500,

r = 3.375% = 0.03375 (since it is compounded quarterly, n = 4), and

t = 9

[tex]A = 9,500(1 + 0.03375/4)^(^4^\times^9^)[/tex]

= $13,823.78

The difference in the amounts is:

$13,823.78 - $12,817.84 = $1,005.94

Therefore, Henry would have $1,005.94 more than Ethan in his account after 9 years.

To learn more on Percentage click:

https://brainly.com/question/28269290

#SPJ3

the surface area of a square pyramid is 136 square inches. The base length is 4 inches. What is the slant height???/

Answers

Step-by-step explanation:

Will u give me brainliest

how many integers between 36 and 100 have a remainder of 3 when divided by 22?

Answers

Answer:

36, 47, 58, 69, 80, 91

Step-by-step explanation:

Can someone help ? please

Answers

Answer:

(-4,3)

Step-by-step explanation:

In a function no two points can be on the same x value.

x2 - 18x + 81
True or False?
Your FACTOR is when you SQUARE your B value.

Answers

in this way you can solve this

A farmer is creating a budget for planting soybeans and wheat. Planting soybeans costs $200 per acre and planting wheat costs $500 per acre. He wants to spend no more than $100,000 planting soybeans and wheat. What is the "multiplier" for soybeans? ​

Answers

Answer:

5 acres < soybeans < 495

2 acres < wheat < 198 acres

Step-by-step explanation:

If farmer plans to plant minimum of soybeans, it should be 5 acres of soybeans costing $1000. The remaining cost of $98,000 will be available for maximum of wheat, i.e., 198 acres of wheat.

Similarly, if we go for minimum possible planting for wheat, it should be 2 acres, and then resulting in 495 acres for soybeans

5 acres < soyabeans < 495

2 acres < wheat < 198 acres  

Answer:

The multiplier for soybeans is 200, which is dollars per acre.

Step-by-step explanation:

5 acres ≤ soybeans ≤ 495 acres (constraint)

2 acres ≤ wheat ≤ 198 acres (constraint)

150w + 125s = 100,000

This would represent 150 acres of wheat and 125 acres of soybeans. The acres of wheat would add up to $75,000 because 150 x 500 = 75,000 and the acres of soybeans would add up to $25,000 because 125 x 200 = 25,000. (example of a solution, there are more possible)

The product of 5 and a number is 30. Write and solve an equation to find the
missing number

Answers

Answer: 5x=30  your number is 6

Step-by-step explanation:  The product is multiplying so 5 times a number is 30. you divide the 5 over and you get 6.

Find the area of each figure.​

Answers

Answer:

Figure 1's area is 530.66 centimeters and figure two's is 1589.6250 centimeters

Hey there!

The answers are 706.5 and 1589.625

The formula for the area of a circle is [tex]\pi[/tex][tex]r^2[/tex].

For the first circle, the radius is 15, so let's solve:

[tex]\pi (15^2)[/tex]

[tex]\pi(225)\\3.14(225)\\\\706.5[/tex]

The second circle has a diameter of 45, and the radius is half the diameter, so 45/2 = 22.5. Let's solve:

[tex]\pi (22.5^2)\\\pi (506.25)\\3.14(506.25)\\1589.625[/tex]

Have a super awesome day!

whats12 divided by 1/3 (infractions)

Answers

12 divided by 1/3 is also equal to 12 times 3.

12x3=36

To double check, you could use a calculator, but the answer would still be 36.

sorry if this doesn't help

Answer:

36/1

36

Step-by-step explanation:

Which expression is equivalent to 4 over 9 x 7

Answers

Answer:

3 1/9

Step-by-step explanation:

five horses can plow 20 acres of land how many can 21 horses plow

Answers

Answer:

84

Step-by-step explanation:

A local boys club sold 196 bags of mulch and made a total of $565. It sold two types of mulch: hardwood for $3.25 a bag and pine bark for $2.75 a bag. How many bags of each kind of mulch did it sell?

The boys club sold
bags of hardwood mulch and
bags of pine bark mulch.

Answers

Answer:

96

Step-by-step explanation:

5x-11=-16 solving basic combined equations ​

Answers

Answer:

iihhhjitrddcvbjjh

Step-by-step explanation:

Cohen feeuj

Answer:

-1

Step-by-step explanation:

5x=-16+11

5x=-5

x=-5÷5

x=-1

A company was able to incite staff from 100 employees to 214 employees. What was the percentage increase in staff

Answers

Answer:

114%

Step-by-step explanation:

A company was able to incite staff from 100 employees to 214 employees. What was the percentage increase in staff?

Percentage Formula is given as:

New value - Old value/Old value × 100%

New value = 214

Old value = 100

Hence:

Percentage increase = 214 - 100/100 × 100

= 114/100 × 100

= 114 %

Therefore, the percentage increase = 114%

1. Classify the triangle
A isosceles acute
B isosceles obtuse
C scalene acute
D scalene obtuse

Answers

B. Isosceles obtuse
Step-by-step-explanation-

Learning Task 1: Translate the verbal sentence to mathematical sentence. Use
variable x to represent number. Do this in a separate sheet of paper.
Verbal Sentence
Mathematical sentence
1. The sum of a number and 5 is 12.
2. Twice a number is 54
3. Thrice a number increase by 2 is less than 50.
4. One half the sum of a number and 4 is less than 28.
5. A number increased by one-third of the number is 5.
I NEED THE ANSWER THANKS

Answers

Answer:

1. x + 5 = 12

2. 2x = 54

Step-by-step explanation:

Let

The unknown number = x

1. The sum of a number and 5 is 12.

x + 5 = 12

x = 12 - 5

x = 7

2. Twice a number is 54

2x = 54

x = 54/2

x = 27

3. Thrice a number increase by 2 is less than 50.

3x + 2 < 50

3x < 50 - 2

3x < 48

x < 48/3

x < 16

4. One half the sum of a number and 4 is less than 28.

1/2(x + 4) < 28

5. A number increased by one-third of the number is 5.

x + 1/3x = 5

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