A person invests 9500 dollars in a bank. The bank pays 6.25% interest
compounded daily. To the nearest tenth of a year, how long must the
person leave the money in the bank until it reaches 18700 dollars?
A = P(1 + -)nt
n

Answers

Answer 1

Answer:

10.8 years

Step-by-step explanation:

18700 = 9500(1 + 0.0625/365)^365t    where t is the time in years.

(1 + 0.0625/365)^365t = 18700/9500

365t ln(1 + 0.0625/365) = ln 18700/9500

t =  ln 18700/9500 / 365 ln(1 + 0.0625/365)

10.837

= 10.8 years.


Related Questions

Help ME ASAP PLZZZZZ!!!!!!!!!
On a map, 3 centimeters represents 500 miles.

a) Two cities are 9 centimeters apart on the map. How many miles apart are the two cities?

b) Two national parks are 750 miles apart. How many centimeters apart are the two parks on the map?

Answers

Answer:

a.1,500 miles apart b.1.5 centermeters

Step-by-step explanation:

give me brainleist thank and 5 star!

a) The distance between the two cities is 1500 miles

b) The distance between the two national parks on the map is 4.5 cm

What is an Equation?

Equations are mathematical statements with two algebraic expressions flanking the equals (=) sign on either side.

It demonstrates the equality of the relationship between the expressions printed on the left and right sides.

Coefficients, variables, operators, constants, terms, expressions, and the equal to sign are some of the components of an equation. The "=" sign and terms on both sides must always be present when writing an equation.

Given data ,

The scale on the map is

3 cm : 500 miles

a)

Let the distance between the 2 cities be = A

Now , the equation is

When the distance between the 2 cities is 500 miles , the scale on the map is 3 cm

So ,

3 cm = 500 miles

9 cm = 3 x 3 cm

9 cm = 500 x 3 miles

        = 1500 miles

Therefore , the distance between the two cities is 1500 miles

b)

The distance between the two national park is 750 miles

Now , the equation is

When the distance between the 2 cities is 500 miles , the scale on the map is 3 cm

So ,

500 miles = 3 cm

1 mile = 3 / 500 cm

750 miles = ( 3 x 750 ) / 500 cm

750 miles = 3 x 1.5 cm

                 = 4.5 cm

Therefore ,

The distance between the two national parks on the map is 4.5 cm

Hence , a) The distance between the two cities is 1500 miles

b) The distance between the two national parks on the map is 4.5 cm

To learn more about equations click :

https://brainly.com/question/10413253

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A random sample of three-year-old thoroughbred racehorses is taken, and the 95% confidence interval for the true mean height (in inches) is calculated to be (62.0, 68.4). Data about horses from the historical record of the three-year old thoroughbred racehorses who have run in the Kentucky Derby is examined, and the mean height is calculated to be 68.25 inches. Does this sample provide convincing evidence that three-year-old thoroughbred racehorses are, on average, shorter than those that run in the Kentucky Derby

Answers

Options :

Yes, 68.25 is near the top of the confidence interval.

Yes, the value of 68.25 is a number in the confidence interval.

Yes, 68.25 is much higher than the sample mean of all three-year-old thoroughbred racehorses, which was 65.2 inches.

No, the value of 68.25 is a number in the confidence interval.

No, the horses that run in the Kentucky Derby are a subset of all three-year-old thoroughbred racehorses

Answer:

No , the value of 68.25 is a number in the confidence interval.

Step-by-step explanation:

The confidence interval gives a range if values which is used in establishing the significance of an hypothesis. If the true mean falls within the confidence interval drawn, then our finding is insignificant and the null hypothesis will stand. However, if the true mean does not fall within the interval, then our result is considered significant and the null is thus rejected.

Since true mean exists within the confidence interval, then we conclude that the sample does not provide convincing evidence that three-year-old thoroughbred racehorses are, on average, shorter than those that run in the Kentucky Derby

Comparative financial statement data for Carmono Company follow: This Year Last Year Assets Cash $ 8.50 $ 16.00 Accounts receivable 54.00 47.00 Inventory 97.50 84.40 Total current assets 160.00 147.40 Property, plant, and equipment 237.00 198.00 Less accumulated depreciation 47.20 35.40 Net property, plant, and equipment 189.80 162.60 Total assets $ 349.80 $ 310.00 Liabilities and Stockholders’ Equity Accounts payable $ 58.50 $ 48.00 Common stock 126.00 97.00 Retained earnings 165.30 165.00 Total liabilities and stockholders’ equity $ 349.80 $ 310.00 For this year, the company reported net income as follows: Sales $ 950.00 Cost of goods sold 570.00 Gross margin 380.00 Selling and administrative expenses 360.00 Net income $ 20.00 This year Carmono declared and paid a cash dividend. There were no sales of property, plant, and equipment during this year. The company did not repurchase any of its own stock this year. Required: 1. Using the indirect method, prepare a statement of cash flows for this year. 2. Compute Carmono’s free cash flow for this year.

Answers

this ain’t work 5 points ...

2.1 There are 5 red balls, 3 blue balls and 2 green balls in a box. Suzie takes at random a ball from the box and gives it to her friend. She then takes at random another ball from the box.
2.1.1 Write down the sample space of this experiment. [2]
2.1.2 Work out the probability that both balls are of the same colour.

Answers

Answer:

23

Step-by-step explanation:

I just did it.

Can someone please help me with 4 and 5 ???

Answers

Answer:

4. D  

A: -25.5=a

B: b=-4

C: c=12

D: d=8

Step-by-step explanation:

4.Between a and d they are the 2 bigger values but D was the greatest out of all of them. - divided by a - will result as a positive and 7/9=0.77 and 19/12 *I looked for the least common factor and multiplied numerator and denominator to 12 depending on the denominators value. Ex: since one of my denominators was 4, I multiply the whole fraction by 3 to get 9/12 and the other was 5/6 times 2 is 10/12 and just add 10/12 by 9/12 which is 19/12.

5.

A: All I did was multiply 8.5 and -3 and get -25.5=a.

B: I add 7 on both sides of the equation and -7 and 7 get canceled off and -11+7=-4. b=4.

C: I multiplied - to -3 and got 3, now I can subtract -3 on both sides. 15-3=12 so c=12.

D. I had to divide by 4 on both sides to get d by itself. 32/4=8 so final answer would be d=8.

Seiko has 7 coins that add up to $1.10. She has the same number of quarters as dimes. The rest of the coins are nickels. How many of each coin does she have?

Answers

Answer:

She would have 3 quarters, 3 dimes, and 1 nickel.

Write sixty-five and three hundredths

a. as a decimal number

as a mixed number​

Answers

Step-by-step explanation:

answer in decimal form 65.03

answer in mixed number form 65 3/100

look at pic 10 PTS I NEED THIS QUESTION I WILL TELL U HOW TO GET UNLIMITED POINTS TELL ME IF U NEED THE MULTIPLE CHOICE ANSWERS

Answers

Answer:

68 square unites

Step-by-step explanation:

Draw a live from (-8,2) to (0,2) and up to (0,4).  This divides it into three shapes.

Big triangle = 0.5x8x12=48

Little triangle = 0.5x2x4=4

Rectangle = 8x2=16

48+4+16=68

PLEASE HELP I don’t know the answer and I need it fast

Answers

you need to show the diagram from the top part of the question order for us to answer... because we dk where angle g is located

Which of the following best describes the effect the moon has on the tides?

A
The gravity of the moon pulls the ocean, which causes the tides.

B
When the moon is invisible in the sky, tides cannot be seen.

C
Tides only happen at night when the moon is visible.

D
The moon’s light makes it possible to see the tides at night.

Answers

Answer: A

Step-by-step explanation:

The moon's gravity pulls water away from Earth, causing high tide on the side of Earth facing the moon.

Express 72km/h in meter per sec​

Answers

Answer:

20meter per second is tw correct answer

20 m/s

Step-by-step explanation:

1km/h = 1000m/3600s = 5m/18s

⇒ 72 × 5 ÷ 18 = 20 (m/s)

Urgent, HELP! I need this ASAP

Answers

Answer:

Y repersents 1

Step-by-step explanation:

Answer:

y= 6 z = 7.5   x = 5(1/3)

Step-by-step explanation:

the ratio  from small to big  multiply by 4/3

                 from big to small multiply by  3/4

Find the missing angles in the diagrams below.

Answers

A. X=51, 2x=102
B. A= 142, c=38, t =38

Answer:

a. 27° + (2x° + x°) = 180° (linear pair)

27° + 3x° = 180°

3x° = 180°-27°

x° = 153°/3

x° = 51°

2x° = 2×51 = 102°

b. a° = 142° (vertically opposite)

c° + a° = 180° (linear pair)

c° = 180° - 142°

c° = 38°

i° = c° = 38° (vertically opposite)

Garth picked peaches from his grandfather's orchard. He picked more than 5.7 pounds but less than 7 pounds. which of the following could be the exact number of pounds of peaches he picked?​

Answers

Answer:

i believe the answer is 6 pounds:)

Step-by-step explanation:

a ratio of 14:40 =13;?

Answers

Answer:

9.75

Step-by-step explanation:

Write the equation of the lines which have the following parameters. Write the equation in slope intercept form.


1. slope = 3; y-intercept = 5
2. slope = 2/5; y-intercept =-10
3. slope = -3/2; y-intercept = -2
4. slope = 18; y-intercept = 0
5. slope = -3.253; y-intercept =-14.159
6. Challenge problem: x-intercept = -2; y-intercept = 6

Answers

Answer:

Step-by-step explanation:

Slope intercept form is :

y = mx + b

where m is the slope and b is the y-intercept.

So, given slope and y-intercept, all you have to do is plug in slope for m and y-intercept for b.

1.) y = 3x + 5

2.) y = 2/5x - 10

3.) y = -3/2x - 2

4.) y = 18x

5.) y = -3.253x - 14.159

For question 6, you need to calculate the slope given the two points then plug in the slope and y-intercept to get the equation.

So to find slope, you use the equation below:

slope = (y2 - y1) / (x2 - x1) = (6-0) / (0 - -2) = (6) / (2) =3

6.) y = 3x + 6

A cylinder has a height of 9.5 cm and a radius of 4 cm. What is its volume? Use 3.14 for π and round your answer to the nearest tenth.

Answers

Answer:

477.3

Step-by-step explanation:

3.14x 4² x 9.5

477.28

to the nearest tenth= 477.3

the width of a rectangle is 7 cm less than twice its length. its area is 30 square cm. find the dimensions

Answers

Answer:

l = 6 cm

w = 5 cm

Step-by-step explanation:

l(2l - 7) = 30

2l^2 - 7l - 30

(2l + 5)(l - 6)

l = 6

2(6) - 7 = 5

Help plz plzzzzzzzzzzz ASAP

Given what we observed in #8, how does the area of AFD above compare to the area of ABC ? Explain your answer.

Answers

Answer:

This is because the four triangles formed are all identical to each other.

help me with these equations

Answers

Answer:

8. [tex]\frac{8r^{2} }{q^{2} }[/tex]

10. [tex]12x^{-1} y^{6} z[/tex]

Step-by-step explanation:

8. [tex]\frac{16p^{6}qr^{8} }{2(p^{2}qr^{2})^{3} }[/tex] = [tex]\frac{16p^{6}qr^{8} }{2p^{6}q^{3}r^{6} }[/tex]= [tex]\frac{8r^{2} }{q^{2} }[/tex]

10. [tex]4x^{2} y[/tex] . 3 [tex](-2x^{4} y)^{0}[/tex] . [tex]x^{-3} y^{5} z[/tex] = [tex]4x^{2}y[/tex] . [tex]3(1)[/tex] . [tex]\\x^{-3} y^{5}z[/tex] = [tex]\\12x^{-1}yx^{6}z[/tex]

Helllps please help this timed please I will mark brainliest. PLz. NO LINKS OR I WILL REPORT YOU. Please give an explanation.

Answers

Answer:

please????

Step-by-step explanation:

Divide using common factors.
(x^2 + 3x – 4) ÷ (x - 1)

Answers

Answer: Hello Luv.......

Factor the numerator and denominator and cancel the common factors.

x+4

Step-by-step explanation:

Hope this helps.

Mark me brainest please.

Anna ♥

Suppose your​ friend's parents invest 15,000 in an account paying 7% compounded annually. What will the balance be after 5 ​years?(round to the nearest cent as needed)

Answers

Answer:

FV= $21,038.28

Step-by-step explanation:

Giving the following information:

Initial investment (PV)= $15,000

Interest rate (i)= 7% compounded annually

Number of periods (n)= 5

To calculate the future value (FV), we need to use the following formula:

FV= PV*(1 + i)^n

FV= 15,000*(1.07^5)

FV= $21,038.28

A point of sale transaction occurs when a debit card is used to purchase items at a grocery store. Please select the best answer from the choices provided.

Answers

Answer:

True or T

I tested on edge

Answer:

Its true

Step-by-step explanation:

right on edg 2022

A survey found that 25% of people gave up their home phone years ago and only use a cell phone now. If 3,000 people said that they only use a cell phone now, how
many total people were surveyed?

Answers

Answer:

12000

Step-by-step explanation:

25/100 = 3000/total people surveyed

total people surveyed =  3000×100 / 25

                                     =   12000 people surveyed

Find the value of x such that the data set has the given mean.
99, 122, 107, 114, 107, x; mean 114

Answers

9514 1404 393

Answer:

  x = 135

Step-by-step explanation:

The sum of the differences from the mean of the known numbers is

  -15 +8 -7 +0 -7 = -21

The value of x must have a difference from the mean that is the opposite of this sum. (That is, the total of differences from the mean of all the numbers must be zero.)

  x = 114 +21

  x = 135

Answer should be 135

Math grade 9 , see the photo and solve plzzz i need it very fassttt plzz

Answers

I’m sorry, i tried my best to figure out your question but it is too hard for me. Best Regards goes to you. :(

What is the sales tax
On a camera priced at $110 if the sales tax rate is 6.1%


WILL GIVE BRAINKISR


Xx
X
X

Answers

Answer:

Before Tax Price: $110.00

Sale Tax: 6.10% or $6.71

After Tax Price: ($116.71)

Step-by-step explanation:

PLEASE HELP THIS IS VERY IMPORTANT I'LL GIVE YOU BRAIN THING IF ITS CORRECT!! <3 NO LINKS PLEASEE.

Answers

Answer and Step-By-Step Explanation:

The point shown is marked at (36,82), meaning that the panda is 36 months old and weighs 82 kilograms.  To plot the next point, just go up from 110 on the graph to 90 and mark a point.  (Sorry I tried to put an image but it was extremly blurry.)

Please Help!!! I will give brainliest!

Answers

Answer:

D

Step-by-step explanation:

Table a has a output set for every input, making it a function. However, table B has 2 different outputs for 1 input. Therefore, A is a function and B is not.

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