Michelle's father deposited $1,000 into a savings account when she was born. The annual interest rate is

4.5%. Since opening the account, Michelle's father has never deposited or withdrawn money from it.

What age will Michelle be when her account reaches more than $2,000?

Answers

Answer 1

Answer:

Michelle's age = 16

Step-by-step explanation:

As we know,

Amount = [tex]P (1 + r)^{t}[/tex] where

P = Principal amount

r = rate of interest

t = time

Given ,

P = $1000

r = 4.5 % = [tex]\frac{4.5}{100} = 0.045[/tex]

Now,

Given that Amount reaches more than $2000

⇒[tex]P (1 + r)^{t}[/tex]  > 2000

⇒[tex]1000(1 + 0.045)^{t}[/tex] > 2000

⇒[tex](1.045)^{t}[/tex] > 2

Now,

we put the value of t from 0 , 1, 2, ..... untill the above equation does not satisfy

Now,

for t = 0

[tex](1.045)^{0} = 1 \ngeq 2[/tex]

for t = 1

[tex](1.045)^{1} = 1.045 \ngeq 2[/tex]

for t = 2

[tex](1.045)^{2} = 1.092 \ngeq 2[/tex]

for t = 3

[tex](1.045)^{3} = 1.14 \ngeq 2[/tex]

for t = 4

[tex](1.045)^{4} = 1.19 \ngeq 2[/tex]

for t = 5

[tex](1.045)^{5} = 1.25 \ngeq 2[/tex]

for t = 6

[tex](1.045)^{6} = 1.30 \ngeq 2[/tex]

for t = 7

[tex](1.045)^{7} = 1.36 \ngeq 2[/tex]

for t = 8

[tex](1.045)^{8} = 1.42 \ngeq 2[/tex]

for t = 9

[tex](1.045)^{9} = 1.48 \ngeq 2[/tex]

for t = 10

[tex](1.045)^{10} = 1.55 \ngeq 2[/tex]

for t = 11

[tex](1.045)^{11} = 1.62 \ngeq 2[/tex]  

for t = 12

[tex](1.045)^{12} = 1.69 \ngeq 2[/tex]

for t = 13

[tex](1.045)^{13} = 1.77 \ngeq 2[/tex]

for t = 14

[tex](1.045)^{14} = 1.85 \ngeq 2[/tex]  

for t = 15

[tex](1.045)^{15} = 1.93 \ngeq 2[/tex]

for t = 16

[tex](1.045)^{16} = 2.02 > 2[/tex]

It satisfies at t= 16

∴ we get

Michelle's age = 16


Related Questions

Help this is due today and I don’t know how to do it you please show me the steps:)

Answers

Answer:

628 inches²

Step-by-step explanation:

the equation for surface area is SA=2(lw+lh+hw) so..

1. 2×(16×14 + 16×3 + 3×14)

2. 2×(224+48+42)

3. 2×314

4. 628

Hope this helps! :)

miss violet is buying granola bars for her students. she already has 16 granola bars in her desk and needs a total of 100 granola bars. they are sold in packs of 12.how many more boxes of granola bars does she need to purchase

Answers

Answer:

She needs 7 more boxes.

Step-by-step explanation:

100-16=84

84/12=7

True or not? Id say it is...lm.ao

Answers

Answer:

true

Step-by-step explanation:

Answer:

Very good art and I think true

Step-by-step explanation:

Add f(x) = 4x-5 and g(x) = 2x
(f + g)(x)

Answers

Step-by-step explanation:

f(x) = 4x-5

g(x) = 2x

(f + g)(x)=f(x) +g(x)=4x-5+2x=6x-5

10. Jacob ran at a rate of 7 miles per hour. At this rate, how far does he run in 30 minutes?

Answers

Answer: Jakob will run 3 1/2 miles in 30 min

Step-by-step explanation: you need to take 7 in half  because half of an hpur is 30 minutes so half of seven is 3 1/2 so that is the answer

Answer:

3.5 miles

Step-by-step explanation:

1 hour = 60 minutes

Proportions:

7 miles = 60 minutes

J miles = 30 minutes

J = 7*30/60

J = 3.5 miles

Complete the equations so that the solution of the system of equations is (−1, −4). y= ?X−11 6x− ? Y=10

Answers

Answer:

y = –7x – 11

6x – 4y = 10

Step-by-step explanation:

From the question given above, we obtained:

x = –1

y = –4

y = ?x – 11 ....... (1)

6x – ?y = 10b......... (2)

Let the two unknown be a and b. Thus the above equation becomes:

y = ax – 11 ......... (3)

6x – by = 10 .......(4)

Next, we shall determine the value of 'a' and 'b'. This can be obtained as follow:

For a:

y = ax – 11

x = –1

y = –4

–4 = a(–1) – 11

–4 = –a – 11

Collect like terms

–4 + 11 = –a

7 = –a

Multiply through by –1

a = –7

For b:

6x – by = 10

x = –1

y = –4

6(–1) – b(–4) = 10

–6 + 4b = 10

Collect like terms

4b = 10 + 6

4b = 16

Divide both side by 4

b = 16 / 4

b = 4

Finally, we shall substitute the value of a and be into equation 3 and 4 respectively.

y = ax – 11

a = –7

y = –7x – 11

6x – by = 10

b = 4

6x – 4y = 10

Therefore, the complete equation are:

y = –7x – 11

6x – 4y = 10

20 POINTS

Solve for p.

98 = 4p + 38

Answers

Answer:

98= 4p + 38

4p = 38 - 98

4p = - 60

P = - 60/4

P = -15

Answer:

p=15

Step-by-step explanation:

98=4p+38

(98-38)=4p

60=4p

(60/4)=(4p/4)

15=p

Solve for m∠.? Please Help!

Answers

Answer:

70

Step-by-step explanation:

Answer:

[tex] \purple {\bold {m\angle A =70\degree}} [/tex]

Step-by-step explanation:

ABCD is a trapezoid. AB || DC and AD is transversal...(given)

[tex] AD \cong BC.. (given) [/tex]

Therefore, ABCD is an isosceles trapezoid.

Measures of base angles of isosceles trapezoid are equal.

[tex] \therefore m\angle D =m\angle C[/tex]

[tex] \because m\angle C =110\degree... (given) [/tex]

[tex] \therefore m\angle D =110\degree [/tex]

[tex] m\angle A+ m\angle D =180\degree [/tex]

(interior angles on the same side of transversal)

[tex] m\angle A+ 110\degree =180\degree [/tex]

[tex] m\angle A =180\degree -110\degree [/tex]

[tex] \purple {\bold {m\angle A =70\degree}} [/tex]

Factor the expression
27 - 9x + 15y

Answers

Simple,

factor out a 3...

3(9-3x+5y)

Thus, your answer

Answer:

-3(3x-5y-9)

Step-by-step explanation:

Conjecture: The difference between two negative numbers is always negative. Write a counterexample. *

Answers

If you add two negative numbers you get a sum that is less than both of the numbers. so -1+-2=-3

Lucas wants to prove that the base angles of any isosceles triangle are
congruent. He has drawn ADEF as shown. Which choice shows a segment
that does NOT subdivide ADEF into two congruent triangles?

Answers

Answer:

EG so that GF ≈ EF

Step-by-step explanation:

What is the sum of 2 plus 89

Answers

Answer: 91

Step-by-step explanation: 2+89=91

all you need is in the photo please ​

Answers

Answer:

i don't know how to answer

Step-by-step explanation:

Can someone help me please

Answers

Answer:

[tex] \sqrt{} \frac{1}{49} = \frac{1}{7} [/tex]

calculate the mean
20,15,19,16,10​

Answers

Answer:

16

Step-by-step explanation:

add all the numbers together and divide by amount of present numbers

Answer:

16

Step-by-step explanation:

20+15+19+16+10= 80

80 divided by 5 is 16

to find the mean you add all of the numbers up and then divide the sum by the number of numbers there are hope this helps have a good rest of your night :) ❤

plz help plz I am already failing I dont want to fail more

Answers

Answer:

B is the closet to pi hsiebfjwjgsbe9fbe

geometry help it’s easy!!!

Answers

Answer:

c

Step-by-step explanation:

Answer:

θ = 41.81°

Step-by-step explanation:

Given

[tex]\frac{2}{3}[/tex] = sinθ , then

θ = [tex]sin^{-1}[/tex] ( [tex]\frac{2}{3}[/tex] ) ≈ 41.81°

Which statement best explains the relationship
between lines FG and HJ?
O They are perpendicular because their slopes are
equal.
O They are perpendicular because their slopes are
negative reciprocals.
O They are not perpendicular because their slopes are
equal.
O They are not perpendicular because their slopes are
not negative reciprocals.

Answers

Answer

They are perpendicular

Step-by-step explanation:

I got it right on my test

look at pic below please and figure out inverse tables

Answers

Answer:

a  -1

b 1

c 3

d 2

no

Step-by-step explanation:

What is this (-43)+37+33

Answers

Answer:

27

Step-by-step explanation:

Answer:

27.

Step-by-step explanation:

(-43)+37+33

= 37 + 33 - 43

= 70 - 43

= 27.

i’ll mark brainliest

Answers

Answer:

3$

Step-by-step explanation:

The answer would be $3. Dividing 7.80 by 2.6 would get you 3.

What is the area.

please do not answer as a joke

Answers

Answer:

254.34 inches²

Step-by-step explanation:

The formula for area of a circle is: pi x r². The radius is half of the diameter (18) which in this case would be 9. Square it to get: 81. Multiply by pi: 81 x 3.14 = 254.34.

Hope it helps!

Answer:

I believe it is around 56.52

Step-by-step explanation:

3.14

x

 18

--------

56.52

Find the absolute value:
5.34 -4 2/11 0
-6 3/5 -2.12 8.2

Answers

Answer:

Change the positive numbers to negative and change the negative numbers to positive.

Step-by-step explanation:

I hope this helps u! :D

What is 43% of 4,000

Answers

43 percent *4000 =

(43:100)*4000 =

(43*4000):100 =

172000:100 = 1720

What is the price ofpremium gasoline rounded to the nearestdollar? Rounded to the nearest dime?Rounded to the nearest penny?

Answers

Answer:

$4 (nearest dollar) ;

$4.4 (nearest dime) ;

$4.41 (nearest penny

Step-by-step explanation:

The actual price of premium gasoline is $4.409 per gallon.

A penny = $0.01 or 1 cent

A dime = $0.1 or 10 cent

Price of premium gasoline to the nearest dollar :

$4.409 is rounded to the nearest unit = $4

Price of premium gasoline to the nearest penny : = $4.409 is rounded to the nearest hundredth = $4.41

Price of premium gasoline to the nearest dime : = $4.409 is rounded to the nearest tenth = $4.4

:Harley read 10 books in January, 15 books in February, 8 books in March
and 7 books in April. What is the average number of books Harley read per
month?

Answers

Answer:

I think 10

Step-by-step explanation:

you ad up the books so you would have 10+15+8+7=40. Then you divide by 4 to get the average. So it equals 10.

sally is planning a trip for 225 students

Answers

Answer:

yes i understand, but whats next? sorry but i cannot answer it

Step-by-step explanation:

Please answer!
Find the lengths of the segments with variable expressions.

Answers

Answer:

EF = 8

Step-by-step explanation:

The midsegment EF is half the sum of the parallel bases , that is

x = [tex]\frac{x-5+2x-3}{2}[/tex] ( multiply both sides by 2 to clear the fraction )

2x = 3x - 8 ( subtract 2x from both sides )

0 = x - 8 ( add 8 to both sides )

8 = x

Thus

EF = x = 8

AD = x - 5 = 8 - 5 = 3

BC = 2x - 3 = 2(8) - 3 = 16 - 3 = 13

A population of 140,000 grows 3% per year for 16 years .
How much will the population be after 16 years?

Answers

Answer:

262,000

Step-by-step explanation:

g(x) = 4(x - 5) what is g(100)

Answers

Answer:

The answer is 380

Step-by-step explanation:

[tex]g(100) = 4(100 - 5) \\ = 4 \times 95 \\ = 380[/tex]

Answer:

g(100) = 380

Step-by-step explanation:

Replace x with the given number; which in this is case is 100

g(100) = 4(100-5)

g(100) = 4(95)

g(100) = 380

hope this is right and helps :)

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