The formula for continuously compounded interest on a principal investment Pat a given interest rater
over time tin years is given by A = Per? You have deposited $12,000 in an account that pays 4.15%
interest, compounded continuously. How long will it take for your initial investment to grow six times its
original worth? Round your answer to the nearest tenth.

Answers

Answer 1

Answer:

43.2 years

Step-by-step explanation:

The formula for continuously compounded interest on a principal investment Pat a given interest rater

over time tin years is given by A = Pe^rt

P = Initial amount compounded = $12000

A = Amount compounded continuously after t years = six times it's original worth

= 6 × $12,000 = $72000

r = Interest rate = 4.15%

t = time in years = ?

Making t the subject of the formula

t = ln(A/P) / r

First, convert R percent to r a decimal

r = R/100

r = 4.15%/100

r = 0.0415 per year,

Then, solve our equation for t

t = ln(A/P) / r

t = ln(72,000.00/12,000.00) / 0.0415

t = 43.175 years

Approximately t = 43.2 years

The time required to get a total amount of $ 72,000.00 from compound interest on a principal of $ 12,000.00 at an interest rate of 4.15% per year and compounded continuously is 43.2years.


Related Questions

Select the correct answer.
Each statement describes a transformation of the graph of y = x. Which statement correctly describes the graph of y = x + 7?
A.
It is the graph of y = x translated 7 units down.
B.
It is the graph of y = x translated 7 units to the right.
C.
It is the graph of y = x where the slope is increased by 7.
D.
It is the graph of y = x translated 7 units up.

Answers

Answer:

A

Step-by-step explanation:

The plus 7 at the end will shift the graph 7 units up. Replace y with f(x).

Then we have g(x) = f(x) + 7. Adding 7 to y = f(x) will increase the y value by 7.

Answer:

D. it is the graph of y=x translated 7 units up

Step-by-step explanation:

The equation is in the form of y=mx+b, b being the y-intercept of the line. Because b in this case is 7 and the slope is just one, the only transformation was that the graph was shifted 7 units up

How many cents are in $1

Answers

Answer:

100

Step-by-step explanation:

There are 100 cents in one dollar

Answer:

100 cents

Step-by-step explanation:

find the greatest common factor of the numbers 9 and 49

Answers

I'm pretty sure the answer is 1.

For two days, your boss decides to double the amount you make. If on day 1, you make $70 dollars
and on day 2, you make $80 dollars , write an expression for the total commission you earn?

1.) 2(70+80)

2.) 2(2+80)

3.) 70(90+2)

4.) 80(2470)

Answers

Answer:

1 because you get 70 and 80 a day NORMALLY and the 2 indicates double so the 2 multiplies the 70 and 80.  

Step-by-step explanation:because you get 70 and 80 a day NORMALLY and the 2 indicates double so the 2 multiplies the 70 and 80.  

On this sailboat the measure of angle A is 46 degrees and the measure of B is 51 degrees . What kind of triangle is this?
PLS PLS HELP ASAP

Answers

Answer:

Scalene

Step-by-step explanation:

The third angle must be 83 degrees because all interior angles of a triangle add up to 180 degrees. It must be a scalene triangle because all angles are different therefore the lengths are aswell.

Answer:

acute

Step-by-step explanation:

What is the solution to the equation?
5=2/5a

A.2

B.4 3/5

C.12 1/2

D.25

Answers

Answer:

Exact form - [tex]\frac{25}{2}[/tex]

Decimal form - 12.5

Mixed number form - 12[tex]\frac{1}{2}[/tex]

Have a nice day.

Help me with my homework, please. \
y= -3/4x + 9

Answers

Answer:

x=12

Step-by-step explanation:

hope this helps

Is (2, 10) a solution to this system of equations?
y = 4x + 2
y = x + 8

Answers

Answer:

Yes, (2, 10) is a solution to this system:

y = 4x + 2

y = x + 8

Step-by-step explanation:

When graphed, the two equations cross at (2,10) making it a solution.

Answer:

Yes

Step-by-step explanation:

If y=4x+2 and y=x+8, then 4x+2=x+8

4x+2=x+8

4x=x+6

3x=6

x=2

Plugging this into the original equation "y=x+8", we obtain the result that y=10.

This means, (2, 10) is a solution  to the system.

Let me know if this helps!

Which ordered pair is a solution to the equation y = -6x?
(12, -2)
(3,-9)
-10.60)
(18, -3)

Answers

Answer:

(-10; 60)

Step-by-step explanation:

y = -6x

(12; -2)

-2 = -6 · 12

-2 = -72 - no

(3; -9)

-9 = -6 · 3

-9 = -18 - no

(-10; 60)

60 = -6 · (-10)

60 = 60 -  yes

(18; -3)

-3 = -6 · 18

-3 = -78 - no

How to solve 5.25s-2.01=-8.94​

Answers

Answer:

utvut

Step-by-step explanation:

hvuyvytuccu

answers for the 2 boxes please :)​

Answers

Answer:

x=-11 y=-4

Step-by-step explanation:

4x−6y=−20;−2x+4y=6

once you have this, try and find any number. i find trial and error easy if you can find the answer

Eva's new bunny weighted 1 7/8 pounds when she first got him 4 weeks ago. Now he weighs 2 1/4 pounds. How much weight has Eva's dog actually gained

Answers

Answer: Eva's dog actually gained 3/8 pounds0.375pounds)

Step-by-step explanation:

Step 1

Given that

old weight = 1 7/8  pounds

New weight = 2 1/4 pounds

weight gained = New weight - Old weight

Step 2

 weight gained = New weight - Old weight

                  2 1/4  pounds - 1 7/8 pounds

      2.25 pounds - 1.875 pounds

         0.375pounds = 3/8 pounds

If x – 9 is a factor of x2 – 5x – 36, what is the other factor?

Answers

Answer: (x+4)(x−9)

Step-by-step explanation:

Answer:

(X - 9) is one factor

(X + 4) is the other factor

Step-by-step explanation:

You can factor polynomials with guess work or with polynomial division

To factor using guess work search for a number that will multiply with -9 to equal -36 and add with -9 to equal -5.

In order for -9 to add with another number and equal -5 you need to add 4 to it. And because -9 will multiply with 4 to equal -36 as well, 4 is confirmed to be the other factor. You can write out the factor as (x + 4)

Jessle served 15 pints of orange Juice at her party,
Correct
Response
How many quarts of orange juice did she serve?

Answers

Answer:

7.5

Step-by-step explanation:

hope this helps if its wrong please correct me

what is 220% of 15? ............

Answers

Answer:

33

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 :)

Answer: 33

Step-by-step explanation: Write 220% as 220/100

Finding the fraction of a number is same as multiplying the fraction with the number 220/100 of 15

220/100 x 15

Therefore, the answer is 33

Someone help me pls.

Answers

Answer : C




Step-by-step explanation :
Base angles in an isosceles trapezium are equal
m2x =x +27
2x-x=27
x =27

A 40­acre field produces 600 bushels of wheat. At the same rate, how many bushels will a 75­acre field produce?

Answers

Answer:

sorry i need points

Step-by-step explanation:

sorry

Zach is 23 years old. Sax age is 3 years older than twice Maya's age. Let m represent Maya's age. Which equation can be used to solve Maya's age?

Answers

Step-by-step explanation:

Let Maya's age is m.

Sax age is 3 years older than twice Maya's age

Sax age = 2m +3

Zach age = 23 years

We need to find the equation that is used to solve Maya's age. ATQ,

2m + 3 = 23

If we solve,

2m = 23-3

2m = 20

m = 10

Hence, this is the required solution.

help me solve this question plssss
81m⁴-n⁴​

Answers

Step-by-step explanation:

=81m⁴-n⁴

={(3m)²}²-(n²)²

=(3m²+n²)(3m²-n²)

hope it helps.

Jamal has $15.00 to spend at the concession stand. He buys nachos for $7.50, and he wants to purchase some Sour Straws for $1.50 each. How many Sour Straws can Jamal purchase with the money that he has? Variable: ______________________________ Inequality: ______________________________ Solution: ______________________________

Answers

Answer: Variable: y= Number of sour straws.

Inequality: 7.50+1.50y ≤ 15

Solution: y ≤ 5

Step-by-step explanation:

Let  y= Number of sour straws.

Cost for nachos = $7.50

Cost per sour straw = $1.50

Total cost = 7.50+1.50y

Money he has $15

Total cost must be less than orequal to the money he has.

So required inequality: 7.50+1.50y ≤ 15

Subtract 7.50 from both sides

[tex]1.5y\leq 7.5\\\\\Rightarrow\ y\leq\dfrac{7.5}{1.5}\\\\\Rightarrow\ y\leq 5[/tex]

He can buy at most 5 sour straws.

Work out the surface area of this cylinder.
Please help.

Answers

Answer:

1846.32

Step-by-step explanation:

v = 3.14r^2h

3.14 (49)12

1846.32

hope this helps

Answer:

total surface area of cylinder=2πr(r+h)=2π×7(7+12)=14π×19=14×22/7×19=836cm²

Kallie drank 12.75 gallons of water in 3 weeks. She drank the same amount of water each day. Estimate how many gallons she drank in one day.

Answers

Answer:

607 miltliters per day

Step-by-step explanation:

Step one:

given data

Kallie drank 12.75 gallons of water in 3 weeks

if she drank the same amount each day, then in one day she will drink

Note----there are 31 days in 3 weeks (7 days make 1 week)

Step two:

Hence in one day she will drink

= total volume of water/number of days

= 12.75/21

=0.607liters per day

or

607 militliters per day

Answer:

3 1/8

Step-by-step explanation:

I need the answer for the bottom ones please :) I’ll give brainliest

Answers

Answer:

y = 4/5x

y = 4/5x - 3.2

Step-by-step explanation:

The equation for slope is y=mx+b, the mx stands for the slope which is 4/5x. The b stands for where the line goes through the y axis, in this equation the first line crosses the y axis at the origin (0) and the second one crosses at -3.2, these are also called y-intercepts because they intercept the y axis.

I hope this helps, gl!

Write the following as an inequality.
w is greater than -9 and less than or equal to 5
Use w only once in your inequality.

Answers

Answer:
-9 < w ≤ 5

Explanation:
W is bigger than -9 so the symbol has the bigger end towards the W.
W is also less than or equal to 5 so the smaller end of the sign is towards the W.

There are 272 people in an audience. The ratio of adults to children is 5 : 3. How many are children? (please answer)

Answers

Answer:

There are 102 children

Step-by-step explanation:

Let us solve the question

∵ There are 272 people in an audience

∴ The total number of people = 272

∵ The ratio of adults to children is 5: 3

→ Find the sum of the two parts of the ratio

∴ The sum of the parts of the ratio = 5 + 3 = 8

→ By using the ratio method

→  Adults:  Children:  People

→  5        :   3            :  8

→  A        :   C           :  272

→ By using the cross multiplication

C × 8 = 3 × 272

∴ 8C = 816

→ Divide both sides by 8

C = 102

∵ C represents the number of children

There are 102 children

y + y
PLS HELP pls pls pls

Answers

Answer:

y=0

Step-by-step explanation:

Simplifying

y + y = 0

Combine like terms: y + y = 2y

2y = 0

Solving

2y = 0

Solving for variable 'y'.

Move all terms containing y to the left, all other terms to the right.

Divide each side by '2'.

y = 0

Simplifying

y = 0

Answer:

The correct answer is,

[tex]2y[/tex]

Which one should I choose my brain cells dont exist at this point.

Answers

The answer is the second options

Plz help me with this Im timed will mark as brainliest

Answers

Answer:

It seems like John is trying to find the mean, or average.

Green is 82

blue is 320

red is 4

Step-by-step explanation:

82 is the score John must get to have the average of 80

320 is the number you must divide by 4 to get 80

Debra borrowed 5,000 from a bank for 6 years and was charged simple interest. The total interest that she paid on the loan was 2100 . As a percentage, what was the annual interest rate of her loan?

Answers

Answer:

7% was the interest rate

7% is the interest rate

Prime factorization of
60
100
85
Explain in steps

Answers

Answer:

60=2×2×3×5100=2×2×5×585=5×17
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