A person invests 6500 dollars in a bank. The bank pays 4% interest compounded daily. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 8900 dollars?

Answers

Answer 1

The time required for the invested money to reach the accrued amount is 8 years.

What is the time required to acquire the accrued amount?

The compound interest formula is expressed as;

A = P(1 + r/n)^(n*t)

Where A is accrued amount, P is principal, r is rate,  and t is time.

Given that;

Principal P = $6500Interest rate r = 4% = 4/100 = 0.04Compounded daily n = 365 dayAccrued amount A = $8900?

Plug the given values into the compound interest formula and solve for time t.

A = P(1 + r/n)^(n*t)

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

t = (In( $8900 / 6500 )) / ( 365[ In( 1 + 0.04/365 ) ] )

t = (In( $8900 / 6500 )) / ( 365[ In( 1 + 0.04/365 ) ] )

t = 7.857

t = 8 years.

Therefore, the required time is 8 years.

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Answer 2

Answer:7.9

Step-by-step explanation:


Related Questions

WILL GIVE BRAINLIEST FAST!! Will Give Brainliest if you show all the steps. 8x - 6 / 2 = x + 12
Solve for X

Answers

Answer: 15/7 2 1/7

Step-by-step explanation: First divide 8x-3=x+12 Then add 3 to both sides.

8x=x+15 Subtract x from both sides. 7x=15 Then divide again so 7/7 and 15/7. If you simplify it become 2 1/7

Answer:

x = 15/7

Step-by-step explanation:

Reduce the fraction with 2

8x - 3 = x + 12

Move variable to the left-hand side and change its sign

8x - x - 3 = 12

Move constant to the right-hand side and change its sign

8x - x = 12 + 3

collect like terms

7x = 12 + 3

Add the numbers

7x = 15

Divide both sides of the equation by 7

Solution: x = 15/7

Alternate form

x = 2 1/7, x = 2.142857

Step 1: m∠m + m∠n + m∠o = 180 degrees (sum of angles of a triangle)
Step 2: m∠p − m∠o = 90 degrees (alternate interior angles)
Step 3: Therefore, m∠m + m∠n + m∠o = m∠o + m∠p
Step 4: So, m∠m + m∠n = m∠p

In which step did the student first make a mistake and how can it be corrected?

Step 1; it should be m∠m + m∠n + m∠o = 90 degrees (corresponding angles)
Step 1; it should be m∠m + m∠n + m∠o = 90 degrees (adjacent angles)
Step 2; it should be m∠o + m∠p = 180 degrees (alternate exterior angles)
Step 2; it should be m∠o + m∠p = 180 degrees (supplementary angles)

Answers

Answer:

they messed up on step one

Step-by-step explanation:

Answer:

Step 2; it should be m∠o + m∠p = 180 degrees (supplementary angles)

Step-by-step explanation:

Took the exam and got it right. Hope this helps! <3

find the distance traveled in 15 seconds by an object traveling at a constant velocity of 20 feet per second

Answers

The distance travel by the object would be 300 feet

The distance covered by the object is 300 feet's.

We have -  object traveling at a constant velocity of 20 feet per second.

We have to calculate the distance traveled in 15 seconds by the object.

What is the formula to calculate the distance covered by the object ?

The distance covered by the object can be calculated using the formula -

d = v x t

Where -

v - it is the velocity of object

t - time taken by object

According to question -

v = 20 feet/sec

t = 15 seconds

Hence, the distance covered will be -

d = 20 x 15 = 300 feet's

Hence, the distance covered by the object is 300 feet's.

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What is the value of x!

Answers

10
because 18/12 = 1.5
so 15/1.5 =10

A shirt cost $74.89 and the sales tax is 10.25%. How much will the shirt cost?

Answers

Rounding to the nearest hundredth, the tax would be $7.68. $74.89 + $7.68 = $82.57. Hope this helps!

Answer:

cost for the shirt: $74.89

Sales tax(10.25%): 7.68

total: $82.57

Step-by-step explanation:

There are 13 sixth grade classrooms at LMMS. Each class has about 28 students.
About how many students are there in the whole sixth grade?

Answers

Answer:

364 students

Step-by-step explanation:

multiply 13 by 28

What are the solutions for x when y is equal to 0 in the quadratic function
y = x2 +9x?

Answers

Answer:

C) x = 0 or x = - 9

Step-by-step explanation:

[tex]y = {x}^{2} + 9x \\ \\ plug \: y = 0 \\ 0 = {x}^{2} + 9x \\ \\ x(x + 9) = 0 \\ \\ x = 0 \: \: or \: \: x + 9 = 0 \\ \\ x = 0 \: \: or \: \: x = - 9 [/tex]

See picture for math work and answer.

POINTS!! I NEED HELP WITH THIS, WILL GIVE BRAINLIEST TO BEST ANSWER
(6)

Answers

hypothesis = it is july
conclusion = it is hot

Answer:

Hypothesis: it is hot

Conclusion: It is July.

How many solutions does the equation have?
4(2n - 4) + 3 +8n - 19
A. 0
B. 1
C. Infinitely many

Answers

Answer:

A

Step-by-step explanation:

Answer:

A. 0

Step-by-step explanation:

hannah bought a pack of 12 cookies for $3.50 from the grocery store. how many packs of cookies can she buy for $17.50?

Answers

She can buy 5 boxes of cookies

Answer:

60 Cookies

Step-by-step explanation:

Set up a proportion

12 / 3.50 = x/ 17.50

Cross multiply

3.5x = 210

x = 60

Johanna’s mom paid $2.40 for a -pound box of cereal. How much would 1-pound of that cereal cost? Sorry I really don’t understand

Answers

Answer:

It would cost $2.40 because 1 pound is $2.40

Step-by-step explanation:

Since the box is already a pound, we can determine that $2.40 = 1 pound of cereal!

How many less students had 4 or more colds than 3 or lesscolds last winter?

Answers

My dyslexia is too much for what you just tried to say

The table represents a linear function.
What is the slope of the function?
-3
-2
3
х
-2
-1
0
1
2
у
-2
1
4
7
10

Answers

The answer is -2 bro

The slope of the table is 2

How to determine the slope?

From the table, we have the following points:

(x,y) = (0, 4) and (1,7)

The slope is then calculated as:

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

Substitute known values

m = (7 - 4)/(1 - 0)

Evaluate the differences

m = 3/1

Divide

m = 2

Hence, the slope of the table is 2

Read more about slopes at:

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On the diagram below, find the measure of each angle show all your work

Answers

Answer:

3

Step-by-step explanation:

from angles on a line = 180°

therefore

(14x + 70 + 20x +8)°= 180°

34x + 78 =180

34x = 180-78

34x= 102

x = 102/34

x= 3

Answer:

3

Step-by-step explanation:

!

For the month of April, a checking account has a balance of $523 for 23 days, $2340 for 4 days, and $238 for 3 days. What is the account's mean daily balance for
April?

The account's mean daily balance for April is approximately $
(Round to two decimal places as needed.)

Answers

Answer:

Approximately $103.37 per day

Step-by-step explanation:

As April has 30 days, we have to add together $523, $2340, and $238 to get the total balance for the entire month. In this case, the total balance is $3101. Now, referring back to April having 30 days, $3101÷30 days=$103.366666666 a day, when rounded to two decimal places, it equals $103.37 a day. So, the account's mean daily balance for April is approximately $103.37 a day.

Hopefully the explanation and the answer helps!

The mean daily balance will be 736.77

What is weighted mean?

Weighted mean is the mean where some of the value contributing more than the other values.

Weighted mean can be calculated by dividing the sum of frequencies and value by the sum of the frequencies.

weighted mean= ∑fₙxₙ/∑fₙ

where f is the frequency and x is the value.

So according to asked question,

in April, balance is in such a way that $523 for 23 days, $2340 for only 4 days, and $238 for only 3 days.

x₁=$523   ,   f₁=23

x₂=$2340   ,   f₂=4

x₃=$238   ,   f₃=3

weighted mean= sum of the product frequency and value/sum of frequency

=  ∑fₙxₙ/∑fₙ

= ((523*23)+(2340*4)+(238*3))/(23+4+3)

=22103/30

=736.7666≅736.77

Therefore the mean daily balance will be $736.77.

Learn more about weighted mean

here: https://brainly.com/question/23902866

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Use the interactive number line to find -3.2 - 4.

Answers

Answer:

-7.2

Step-by-step explanation:

Since -3.2 is the first number, this will be the starting point in the number line.

Since we are subtracting, we are going to go 4 units to the left.

-3.2 - 4 = -7.2

Best of Luck!

Answer:

-7.2

Step-by-step explanation:

Roses are red

Violets are blue

I hate Edgenuit y

and so do you

someone helppp lol.

Answers

Answer:

dam thats wat yall learn in whatever grade u r ik highter for sure but dam im  scared now

Step-by-step explanation:

The volume of a cubical box is 64cm³ . What is its side?​

Answers

Answer:

4 cm

Step-by-step explanation:

x = the side of a cubical box

x^3 = 64

But 4^3 also = 64

=> x = 4

Answer:

Volume of a cube = a³

64 = a³

3 root 64 = a

4 cm = a

The graph shows the amount of savings over time in Eliane​'s account. ​, ​Lana meanwhile, puts ​$35 each week into savings account. If they both begin with​ $0, who is saving at the greater​ rate The graph shows the amount of savings over time in ​'s account. ​, ​meanwhile, puts ​$ each week into savings account. If they both begin with​ $0, who is saving at the greater​ rate?

Answers

wheres the graph? im confused

Answer: $37 for Eliane's account and $35 for Lana's account

Step-by-step explanation:

Calculate the slope of the line that passes through (2,0) and (1,5).

Answers

Answer:

m= -5

Step-by-step explanation:

Find the distance between the two points.
8. (-1,0), (-8, 4)

Answers

Answer:

65

Step-by-step explanation:

The ratio of a rectangle's length to its width
is 2 : 1. If the length is 14 cm, what is its
width?

Answers

Answer:

2/1 = 14/x

cross mulitply

2x=14

2x/2=14/2

x=7

The width is 7 cm

Step-by-step explanation:

simple algebra problem!!! please helpp i will mark you brainliest

Answers

Answer:

y = 2x+4

Step-by-step explanation:

Find the slope in the given equation

[tex]y = 2x-8\\\\m = 2x\\\\(3,10)=(x_1,y_1)[/tex]

Substitute values into point-slope form

[tex]y-y_1=m(x-x_1)\\\\y -10=2(x -3)[/tex]

Simplify

[tex]y -10=2x -6\\\\y =2x -6+10\\\\y = 2x +4[/tex]

How do the measures of the angles of ABC compare with those of A'BC'when A'B'C coinddes wth the other three triangles? What can you say about the presenvation of the angle measurements of a shape during a rotation?​

Answers

Answer:

The measure of each angle of  abc is equal to the corresponding angle of  a'b'c' when coincides with the other three triangles. The measures of the angles of the triangle are preserved as the figure rotates.

Step-by-step explanation:

It takes Jamil 40 minutes to drive to work, plus or minus 8 minutes depending on traffic. What equation could be solved to find the shortest or longest times she might drive?

Answers

Answer:

Step-by-step explanation:

to find the longest it would be 40+8=48

to find the shortest it would be 40-8=32

jhjkhgfxdzfxcghjklhgfydfxcvbnklmoiuytfcgvb nmkljiouhytfrdfcgvhbjnkiuhygtfrhcgvhbjiou98y7tgvhmb

Answers

Answer:

uihuvbuh ufsghiusgu 8y39 8y3yy894y87y48jhfjhjbvhjjavjlh ailhli

Step-by-step explanation:

Fjdjkssnnfnsskkfmddntmkrkdkensnene;)

what is 4.6783 x 10 to the third power

Answers

4.6783x10^3     P.E.M.D.A.S.   exponent before multiplication  10^3 =1000  

1000x4.6783= 4,678.3

Teacher takes about 25 minutes to make out a test for a mathematics class. How long will it take to make out tests for all five classes?

Answers

Answer:

2h 5min

Step-by-step explanation:

1 class: 25 min

5 classes: 25 x 5 = 125 min = 2h 5min

Lerola and her younger sister Kiara are jogging around a circular track. Lerola jogs far enough from the center of the circle that her laps are half a mile long. Kiara runs around a circle whose circumference is as long as Lerola's. How far from the center of the circle is Kiara running, in feet? ​Use 3.14 for pi. 3 2There are 5280 feet in a mile.

Answers

Circumference of circular track, C = 0.5 miles = 0.5×5280 feet = 2640 feet.

We know, circumference in circle is given by :

[tex]C = 2\pi r[/tex]

( Here, r is radius i.e distance of centre from track )

Putting values in above equation :

2 × 3.14 × r = 2640

6.28 × r = 2640

r = 420.38 feet

Therefore, distance between centre and track is 420.38 feet .

Hence, this is the required solution.

Find the distance between
the points (3,-2) and (6,4).

Answers

Answer:

(3,6)

Step-by-step explanation:

First you find the difference between the y values.

6 - 3 = 3.

Then the x values.

4 - -2 = 6

Now form a triangle and use a^2 + b^2 = c^2

3^2 + 6^2 = x^2

9 + 36 = x^2

x = √(45), or 3√(5)

The distance is 3√(5).

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