a deposit of $2000 is invested in an account that earns 4.5% interest. how long until your balance reaches $3000? (assume simple interest) A= P(1+r)^t

Answers

Answer 1

A deposit of $2000 is invested in an account that earns 4.5% interest. The duration of time before the balance reaches $3000 is 9.2 years.

From the given information;

the principal deposited amount = 2000the annual interest rate = 4.5%the amount (A) estimated in t years = 3000

The time required until your balance reaches the amount of 3000 can be estimated by using the given formula;

[tex]\mathbf{A = P ( 1+ r)^t}[/tex]

[tex]\mathbf{3000 = 2000 ( 1+ \dfrac{4.5}{100})^t}[/tex]

[tex]\mathbf{3000 = 2000 ( 1+ 0.045)^t}[/tex]

[tex]\mathbf{3000 = 2000 ( 1.045)^t}[/tex]

[tex]\mathbf{3 = 2( 1.045)^t}[/tex]

[tex]\mathbf{( 1.045)^t= \dfrac{3}{2}}[/tex]

[tex]\mathbf{( 1.045)^t= 1.5}[/tex]

[tex]\mathbf{( 1.045)^t= 1.5}[/tex]

t = 9.2 years

Therefore, we can conclude that the time duration (in years) until your balance reaches $3000 is 9.2.

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Related Questions

i know its easy but i forgot how to do this pls heeeelp me

Answers

Answer:

First number line: 3rd line from 0

Second number line: 7th line from 0

(Sorry if I explained it kinda weird, hope this helps!)

Step-by-step explanation:

On the first number line, you would put the dot on the 3rd line from zero. From 0 to one, it's split into 5 equal parts. 0 is 0/5 and 1 is 5/5. So all you do is  plot the dot on 3/5, or the 3rd line from 0.

Same thing with the second number line. Except for this time, it's split into 8 equal parts. Just count to the 7th line in between 0 and 1 and plot the dot.

what is the inequality shown here

Answers

Answer:

[tex] - 3 \leqslant x < 2[/tex]

I hope I helped you^_^

DeShawn pays 8$ for 12 pounds of sugar. What is the price per pound of sugar

Answers

Answer:

DeShawn pays .67 cent per pound of sugar

Select the equation which represents solving for the variable y.



−3x+3y=−21


y=x−7

y=x+7

y=3x−21

y=3x+21

Answers

Answer:

y = x-7

Thanks...........

will the point (2, 6) be on the graph of y=3x

Answers

Answer:

the answer is yes it will

Answer:

yes

Step-by-step explanation:

since (x,y) is 2,6, we can take x as 2 and y as 6. For the answer to be yes, y=3x must be equal to the x and y values. Lets plug in the values. Is (6)=3(2)?

3 times 2 is 6! So the answer is yes.

I will give brainiest who can help me get this right!!​

Answers

Answer:

it's D

Step-by-step explanation:

The equation equals 2 1/8 so yeeyeyye

Answer:

Option D

Step-by-step explanation:

11/8=1.3750

3/4=0.75

Now,

Since, this is the sum both the lines must be in positive in direction.

Option D is the only one with such quality, so no further process is required.

Triangle ABC is shown. What value of x will prove that Triangle ABC is a right triangle?

Answers

In the given triangle ABC in the figure, the value obtained for x will be equal to 6.

What is a triangle?

The basic polygonal shape of a triangle has three sides & three interior angles. This is one of the fundamental shapes in geometry and is particularly associated. It has three connected vertices. Triangles can be divided into a variety of categories according to their sides and angles.

As per the given information in the question,

Use the equation of Pythagoras' theorem,

h² = p² + b²

(2x - 2)² = x² + (x - 2)²

4x² - 2(2x)(2) + 4 = x² + x² + 4 + 4x

4x² - 8x + 4 = 2x² + 4x + 4

4x² - 2x² - 8x - 4x + 4 - 4 = 0

2x² - 12x = 0

2x² - 12x = 0

2x(x - 6) = 0

So,

2x = 0

⇒ x = 0, it is not possible.

Or,

x - 6 = 0

x = 6

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The given question is incomplete, the complete question might be in the attachment.

The perimeter of a rectangle window is 362 cm. If the length of the window is 97 cm, what is its width?

Answers

Answer:

w=84cm

Step-by-step explanation:

97

cm

P Perimeter  

362

cm

Using the formula

P=2(l+w)

Solving forw

w=P

2﹣l=362

2﹣97=84cm

Sorry explanation is short, hope i helped u

(20 POINTS, RIGHT ANSWER ONLY PLEASE)
What value is needed to prove the triangles are similar by SAS~?

Answers

they both have the same degrees on each angle

A market research firm is studying the effects of price and type of packaging on sales of a particular product. Twenty-seven stores with shoppers of similar characteristics will be used in the study. The nine combinations of three price levels and three packaging types are the treatments of interest. Total sales of the product over a seven-week period will be recorded. Which of the following describes the best design to use for the study?

a. А A completely randomized design Randomly assign the nine combinations of price level and packaging type that three stores use each combination
b. A completely randomized design. Randomly assign the three price levels so that nine stores use each price level
c. A completely randomized design. Randomly assign the three packaging types so that nine stores use each type of packaging
d. A randomized block design Use packaging as a block. Randomly assign the nine combinations of three price levels and three packaging types so that three stores use each combination
e. A randomized block design. Use packaging as a block Randomly assign nine stores to each packaging type, then randomly assign price level to three stores within each block.

Answers

The market research can increase the precision of the result of the study by  

using a randomized block design RBD

The best design the market research company should use for the study is

d. A randomized block design Use packaging as a block. Randomly assign

the nine combinations of three price levels and three packaging types so

that three stores use each combination

Reason:

The given parameters are;

The study = The effect of price and type of packaging

Number of stores in the study = 27 stores

Characteristics of the shoppers in the stores = Similar

Number of packaging type = 3 (three)

Number of price levels = 3 (three)

The number of pair combinations = ⁶₂C - (3, pairs of the same packaging +

3, pairs of the same prices) = 9

Required:

The best design to use for the study

Solution:

Given that the shoppers at each store are similar, in order to differentiate

and show the effect of the price and package combination, it is possible to

group the treatment into groups having a particular characteristics, while

ensuring that the other available treatments are assigned to each member

within a group at least once.

The above design of the study is known as a randomized block design,

therefore;

The correct option is d. A randomized block design Use packaging as a

block. Randomly assign the nine combinations of three price levels and

three packaging types so that three stores use each combinations.

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(5x-7y)-(2x+y) expression thats equivalent plzzzzzz help fast

Answers

Answer:

(3x-8y) is equivalent

Step-by-step explanation:

Answer:

[tex](5x - 7y) - (2x + y) \\ 5x - 7y - 2x - y \\ collecting \: like \: terms \: \\ 5x - 2x - 7y - y \\ 3x - 8y[/tex]

How many lines can be drawn through C that would be parallel to AB?

answer choices:

None

1

2

3 or more

Answers

Answer:

just 1 line cuz ab is already drawn and we have to draw one linewhich is parallel to ab.

Answer:

2 lines

Step-by-step explanation:

Connie has 5/8 and wants to divide it by 1/4 what is her answer

Answers

Answer:

2.5 . get the Desmos calculator .

Teh answer is 2.5 I explained it up

Cho tam giác ABC vuông tại A , đường cao AH . Gọi D và E lần lượt đối
xứng với H qua các cạnh AB và AC
a) C/m D, A , E thẳng hàng
b) C/m BCED là hình thang
c) C/m 0 90 DHE 

Answers

Answer:

Sorry i don't speak Vietnam so i can't help you if you write it in English i will have a chance to help you

I suppose only 24% of 300

students choose conserve natural resources how many students choose conserving natural resources explain how you got your answer and how to find the model help you justify the answer

Answers

Answer:

it's all about materialistic gain.

write the log equation as an exponential equation. you do not need to solve for x.

Answers

After conversion into exponential equation :

[tex] {8}^{3x - 4} = 5x + 4[/tex]


Mike went to the store to buy shirts. The shirts were $45 each. The store was offering the following discount:
Buy 1 shirt at regular
price and get any 2
shirts of the same
price for 40% off!
Mike decided to buy 3 shirts. Not including sales tax, how much money did Mike save by buying the shirts at the discounted price?
$36
$54
$81
$99

Answers

Answer:

Mike saved 54 dollars

Step-by-step explanation:

because 40% of $45 is $18. so that makes the other 2 shirts 27 dollars a piece. so he saves  a lot of money.

Lydia's bedroom has an area of 108 square feet. The length of the room is 12 feet long. What is the width of the room?

Answers

Answer: 9 Feet

Step-by-step explanation:

Answer:

hey it's the A xbxjdjdjdjdnd

Help plz!!!!!!!!!


*tysm*

Answers

-7.5x = -5.61 - 0.39

x = -6 /-7.5

x = 0.8

which graph shows a non proportional relationship between x and y

Answers

The one where the line doesn’t pass through the middle point/origin

how do I solve this problem
2|x+7|-5=15

Answers

Answer:  x=3 or x=-17

Step-by-step explanation: go to mathpapa.com and type the question. then click step by step it is really helpful.

30 points for the correct answer

Answers

Answer:

its either 2/9 or 2/3

Step-by-step explanation:

I solved the top part and got 2/3 and i solved the bottom part and got 1/3 and you can multiply 2/3 and 1/3 and got 2/9

swine flu is attacking the north pole. the function below determines how many elves have swine flu where t=time in days and S= the number of people in thousands.

S(t)=9t - 4. find S(4)

Answers

Answer:

S(4) = 32

Step-by-step explanation:

Work on photo !

please help thank you

Answers

Answer:

[tex]x - 2 = 0 \\ x = 2 \\ p(2) = 0 \\ {2}^{4} - d {2}^{3} + 8 \times {2}^{2} - 14 \times 2 + 16 = 0 \\ 16 - 8d + 32 - 28 + 16 =0 \\ 8d = 36 \\ d = 36 \div 8 = 4.5[/tex]

enjoy it


Can someone please help me solve for x

Answers

Answer:

x = 8

Step-by-step explanation:

These two angles both containing an x are equal. They are called vertically opposite angles.

2x + 62 = 5x + 38               Subtract 2x from both sides

2x-2x + 62 = 5x -2x + 38   Combine

62 = 3x + 38                       Subtract 38 from both sides

62 - 38 = 3x - 38  + 38       Combine

24 = 3x                                Divide both sides by 3

24/3 = 3x/3                         Combine

8 = x

Wich of the following letters are real and not real numbers?

A: -6
B: √-1
C: 3/5
D: 0.25
E: √9
F: 64
G: √5​

Answers

Answer:

F.64

D. 0.25

i guess that is it

Please help me solve this problem

Answers

Answer:

(4x+2)*2+(6x)*2=84feet

8x+12x+2=84

20x+2=84

20x=82

x=4.1

18.4*24.6=452.64

ans:452.64

BC has a midpoint at M(6, 6). Point C is at (2, 10). Find the coordinates of point B.

Answers

Answer:

The coordinates of B are (10,2)

Step-by-step explanation:

Hi there!

We know that BC has a midpoint M, with the coordinates (6,6), and the endpoint C, with coordinates (2, 10)

We want to find the coordinates of point B

The midpoint formula is [tex](\frac{x_1 + x_2}{2}, \frac{y_1+ y_2}{2})[/tex], where [tex](x_1, y_1)[/tex] and [tex](x_2 , y_2)[/tex] are points. In this case, the point C has the values of [tex](x_1, y_1)[/tex], and B has the values of [tex](x_2 , y_2)[/tex]

We know that coordinates of M equal [tex](\frac{x_1 + x_2}{2}, \frac{y_1+ y_2}{2})[/tex]

In other words,

[tex]\frac{x_1 + x_2}{2} = 6\\ \frac{y_1+ y_2}{2}=6[/tex]

Let's plug 2 for [tex]x_1[/tex] and 10 for [tex]y_1[/tex]

So:

[tex]\frac{2 + x_2}{2} = 6\\ \frac{10+ y_2}{2}=6[/tex]

Multiply both sides by 2

[tex]{2 + x_2} = 12\\{10+ y_2} =12[/tex]

Subtract 2 from both sides in the first equation to find the value of [tex]x_2[/tex]:

[tex]x_2=10[/tex]

Now, for the second equation, subtract 10 from both sides to find the value of [tex]y_2[/tex]

[tex]y_2=2[/tex]

Now substitute these values for [tex](x_2, y_2)[/tex]

[tex](x_2, y_2)=(10,2)[/tex]

So the coordinates of point B are (10, 2)

Hope this helps!

How many songs can you play from 6:00 to 10:00

Answers

120 at most because songs are mostly 2 minutes

Answer:

Using common knowledge each song is about 2 minutes and 50 seconds, so you can listen to about 100 songs, maybe more

Step-by-step explanation:

6-10=4hrs

4 hours divided by 2:50=

4 hours= 280 Minutes, 2:50 can be rounded to 3min, 280/3=93.3333333333

In other words, you can estimate to 94.

So the answer should be around 94

If possible brainliest?

What is a rule that describes the translation that maps triangle ABC onto triangle A'B'C'?
A.T< 5, 3 >(ABC)
B. T< −5, 3 >(ABC)
C. T< 5, −3 >(ABC)
D. T< −5, −3 >(ABC)

Answers

Answer:

the answer is D.

Step-by-step explanation:

I took the test and got it right!

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