Chase invested $39,000 in an account paying an interest rate of 3.2% compounded
daily. Assuming no deposits or withdrawals are made, how long would it take, to the
nearest tenth of a year, for the value of the account to reach $66,100?

Answers

Answer 1

Answer:

16.5

Step-by-step explanation:

Answer 2

It takes 0.05 years account to reach $66,100

What Is an Interest Rate?

The interest rate is the amount a lender charges a borrower and is a percentage of the principal—the amount loaned. The interest rate on a loan is typically noted on an annual basis known as the annual percentage rate (APR).

According to the question, we have

Principal = 39000

Interest rate = 3.2%

The investment compounds daily.

So we can get F = [tex]39000(1+0.032)^{x}[/tex]

When F = 66100

[tex]66100=39000(1+0.032)^{x}[/tex]

⇒ [tex]\frac{66100}{39000}=(1+0.032)^{x}[/tex]

⇒ [tex]1.69=(1.032)^{x}[/tex]

⇒ [tex]x = log 1.69_{1.032}[/tex]

⇒ [tex]x = \frac{log1.69}{log1.032}[/tex]

⇒ x = 17 days

It takes 17 days account to reach $66,100

Converting days into years

= [tex]\frac{17}{365}[/tex]

= 0.045

= 0.05 (nearest tenth of a year)

Hence, It takes 0.05 years account to reach $66,100.

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Related Questions

Which expression represents “two less than the product of three and a number”?

Answers

Step-by-step explanation:

it says two less which means that you would be subtracting 2 from 3 and a number wich is 3x - 2

An expression is a way of writing a statement with more than two variables or numbers with operations such as addition, subtraction, multiplication, and division.

The expression that represents the statement

two less than the product of three and a number” is

3M - 2.

What is an expression?

An expression is a way of writing a statement with more than two variables or numbers with operations such as addition, subtraction, multiplication, and division.

Example:

2 + 3x + 4y = 7 is an expression.

3x - 4 + 5 is an expression.

3x = 5 + 4 is an expression.

We have,

two less than the product of three and a number

Let the number be = M

This can be written as,

3 x M - 2

= 3M - 2

Thus,

The expression that represents the statement

two less than the product of three and a number” is

3M - 2.

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A recliner is marked up by 35% that was originally priced at $850. What is the sale price for the recliner?

Answers

552.5 is the price now. and the sale cut back 297.5$ so awnser = $552.5

helppp a child out please

Answers

Answer:

The answer is 35

Step-by-step explanation:

given

an = 3n + 5

a10 = 3 * 10 + 5

= 30 + 5

= 35

Hope it will help :)

Answer:

i believe it is 35

Step-by-step explanation:

I need help QUICK!!!!!!!!!!!!!!!!!!!!!!!!!!!

Answers

How to do it in the photo below! 227ft should be your answer.

1. g(x) = f(x) - 7
how do u solve these?

Answers

Answer:

g' (×)=f

Step-by-step explanation:

g (×)=f×-7

g' (×)= d÷d× (f×-7)

d÷d×(f+g)=d÷d×(f)+d÷d=(g)

g' (×)=d÷d×(f×)-d÷d×(7)

g'(×)=f-d÷d×(7)

g'(×)=f-0

g'(×)=f

Which of these is the same as 100,000?
A.
.O 105
B.
103
C. 106
D
104

Answers

Answer:

None of them are

John and his 3 friends decide to order food. The cost of one box of food is $x. If each boy purchases one box of food, what is the total cost? *​

Answers

Answer: Just times 3

For example

If a box cost 6$

Just do 6 times 3

which equals 18

Step-by-step explanation:

Answer

depends on how much each one cost you put $x so whatever that number is supposed to be times 3 then you get your answer

Step-by-step explanation:

comment what the number is and I'll let you now if you want

two boats take off in the same direction boat a is going 36 mph and left the dock at around 6 mph ahead pf boat b, boat b travels at 44 mph if the boats take off at the same time how long will it take for boat b to meet up with boat a and how far will boat b have traveled when it is in the same location as boat a

Answers

Answer:

33 miles

Step-by-step explanation:

help im new and need help please the thing is 9.9 x 7 =__._ help please

Answers

Answer:

69.3 is the answer

{ Hello and welcome to Brainly :) i hope i helped }

Answer:

69.3

Step-by-step explanation:

Welcome to brainly, I hope you have a good time.

Problem 1
A recipe calls for 1 lb of flour for 1 batch. How many batches can be made with each of the
following amounts?
a. 1 lb
b. 10
c.1 lb

Answers

Answer:

a- 3 batches

b-

[tex]1 \frac{1}{2} = 1.5[/tex]

c- 0.5 batches

Jamie took 12 hours to read a 360 page book. How many pages does Jamie read per hour?

Answers

Answer:The required time taken by her to read a 400 page book is 13 hours and 20 minutes.

Step-by-step explanation:Given that Lauren took 12 hours to read a 360 page book.

We are to find the time taken by her to read 400 page book at the same rate.

We will be using the UNITARY method to solve the problem.

We have

Time taken by Lauren to read 360 page book = 12 hours.

So, the time taken by Lauren to read 1 page book will be

Therefore, the time taken by Lauren to read a 400 page book is given by

Thus, the required time taken by her to read a 400 page book is 13 hours and 20 minutes.

for every 3 hours of ballet practice, Danielle drinks 2 cups of water. How much will she drink during 7.5 hours of practice?​

Answers

Answer:

5 cups of water

Step-by-step explanation:

well if we take this and turn it into a ratio, we know the base is 3hrs/2cups

so if we want to find 7.5hrs/x then we just multiply the two fractions and see what we get. so 7.5 divided by 3 is equal to 2.5

so we take the amount of water she drinks in 3hrs which is 2cups of water and we multiply that by 2.5 leaving us with Danielle drinking 5 cups of water in 7.5 hours of ballet practice.

hope this helps if it did please leave a like, rate, and give me the brainliest is possible!

have a great day!

I would assume it would be 4.5 cups

16 pretzels weigh 16 ounces. fill in the rest of the table given this ratio.
there are 4 answers. do not round. pls help

Answers

Answer:

64  20  16   1       4

16   5     4  .25      1

Step-by-step explanation:

64 divided by 16 is 4. So you multiply 5 by 4 to get 20 pretzels and divide 1 by 4 to get .25 oz.

image is down below :)

Answers

Answer:

(-5,3)

Step-by-step explanation:

It forms a straigth line, forming a 90 degree angle with the x-axis.

Answer:

(-5,3)

Step-by-step explanation:

Solve for y: -4(y - 3) = 5(2y - 6)

Answers

Answer:

y=3

Step-by-step explanation:

Use symbolab.

Answer:(−4y+12)−{10y−30}=0

4

y

12

10

y

30

0

−14y+42=0

14

y

42

0

(−14)⋅y+(42)=0

14

y

42

0

y=−(42)−14

y

42

14

y=−(14)⋅(3)(14)⋅(−1)=3

Step-by-step explanation:

A car is traveling at a steady speed. It travels 2 1/3 miles in 3 1/2 minutes. How far will it travel in ​25 minutes? In 1 hour?

Answers

Answer:

https://i.pinimg.com/originals/50/3f/9a/503f9a49a2faa03f7db90f090eea6bff.gif

Step-by-step explanation:

Answer:

Given:

A car travels 2 1/3 miles in 3 1/2 minutes.

We need to find the distance travelled in ​25 minutes, in 1 hour.

So, 2 1/3= 7/3 and 3 1/2 = 7/2

Let's convert them into decimals by dividing them completely.

So, we will get 2.33 miles and 3.5 minutes.

So now we have that 2.33 miles are covered in 3.5 minutes.

Now we need to know the distance covered in 1 minute.

So, 2.33/3.5=0.67

So now we have in one minute 0.67 miles are covered.

Now distance covered in 25 minutes will be:

0.67*25 = 16.75 miles

Now distance covered in one hour:

1 hour = 60 minutes.

So, 0.67*60 = 40.2 miles

So we have distance covered in 25 minutes-16.5 miles and in 1 hour- 40.2 miles.

Please answer quick!!!
Use polynomial long division to divide the following expressions
(x5 – 2x4 + x3-5x2 + 12x - 20)/(x2 - 3x + 1)

Answers

33x - 38/x^2 - 3x + 1
Hope this helps

Plot the image of quadrilateral ABCD under a reflection across line l.

Please answer!!!!

Answers

Answer:

Step-by-step explanation:

The coordinates of the reflection of a point (x, y), across the y-axis is the point (-x, y)

Please find attached the plot of the image of quadrilateral ABCD under a reflection of the line l

Method:

The coordinates of the vertices of the given quadrilateral ABCD are as follows

A(-2 0), B(-3, 4), C(0, 4), and D(-1, 1)

Due to its orientation, the line l can be taken as being equivalent to the y-axis

The coordinates of the image of (x, y) following a reflection across the y-axis is (-x, y)

Therefore, for the image of the quadrilateral ABCD following a reflection across the y-axis to give the quadrilateral A'B'C'D', the coordinates of A'B'C'D' are;

A(-2 0), reflected across the y-axis gives the image A'(2, 0)

B(-3, 4), reflected across the y-axis gives the image B'(3, 4)

C(0, 4), reflected across the y-axis gives the image C'(0, 4)

D(-1, 1), reflected across the y-axis gives the image D'(1, 1)

The coordinates with which the image of the of the quadrilateral ABCD can be plotted are therefore;

A'(2, 0), B'(3, 4), C'(0, 4), and D'(-1, 1)

The plot of the quadrilateral ABCD and the image A'B'C'D' can be created using MS Excel presented in the attached graph

Learn more about transformations here:

https://brainly.com/question/21388875

Can someone help me out please??​

Answers

Answer:

X < 4

Step-by-step explanation:

-7 > 13 - 5X

-7 = 13 - 5X

-7 -13 = -5X

-20 = -5X

-20 /-5 = -5X /-5

4 = X

4 > X

X < 4

Answer:

Step-by-step explanation:

HELP y’all !!
DUE RIGHT NOW
giving points

Answers

Answer:

21

Step-by-step explanation:

a=( (a+b)/2 ) * h

A= 5+9/2 * 3

Answer:

9 + 5 = 14 x 3 = 42 divided by 2 is 21

PLEASE HELP! IT WOULD BE SO GREATLY APPRECIATED EVEN IF YOU DON'T KNOW THE ANSWER TO ALL OF THEM!

Answers

1. 3
2. 4
3. 1/3
4. 1/2

In this case they just multiplied all numbers In the first set by a number to get the second set, just check that each one in the same position gives you the same answer and your good.

What is the measure of JM?

Answers

Answer:

10???

Step-by-step explanation:

10p^(2)- 5pq - 180q^(2)

Answers

Add and subtract the second term to the expression and factor by grouping.
5
(
p
+
4
q
)
(
2
p

9
q
)

This is really to guitar out, 1+1

Answers

uhhh maybe 2? NO 3 yayayayayayay HOW ARE U RAT BRAT MUAH IM FROM FLORIDA HBU? OKK BYEE ;)

Answer:

2

Step-by-step explanation:

1 pizza slice and add another pizza slice :)

(Multiple choice/ Brainliest will be rewarded)
I’d like some help on this question.
(Zoom in if needed, the answer may be blurry )

Answers

Answer:

1. h=1.5d. 2. 30cm in 20 days

Step-by-step explanation:

2. 20×1.5

PLZZZ HELP THIS IS A BIG PART OF MY GRADE!!!!!! PLZ DON'T JUST TAKE POINTS PLZZZZ. I ONLY NEED B!!

Answers

Answer: I need more evindence to answered it but I say its the third one

Step-by-step explanation:

Steve puts an 18-foot ladder against his house. The ladder reaches a height of 15 feet on the house. How far is the bottom of the ladder from the base of the house? Leave the answer as a simplified square root.

Answers

Answer:

[tex]3 \sqrt{11} [/tex]

Step-by-step explanation:

Since we are given the hypotenuse which is 18 since it slanted, and leans on the house. And we are given one of the legs which is 15 since it is vertical. We can use the pythagorean theorem to solve for this problem.

[tex] {a}^{2} + {b}^{2} = c {}^{2} [/tex]

where a and b are the legs and c is the hypotenuse l.

Let plug it in

[tex] {a}^{2} + 15 {}^{2} = {18}^{2} [/tex]

[tex] {a }^{2} + 225 = 324[/tex]

[tex] {a}^{2} = 99[/tex]

[tex]a = \sqrt{99} [/tex]

[tex]a = \sqrt{9 \times 11} [/tex]

[tex]a = 3 \sqrt{11} [/tex]

If the simple interest on ​$5000 for 8 years is ​$​2400, then what is the interest​ rate?

Answers

Answer:

joe

Step-by-step explanation:

A cube has a volume 1,000 cubic feet. What is the length of the edge of the cube. SHOW YOUR ANSWER

Answers

Answer:

10ft

Step-by-step explanation:

The length of one side of this cube would be the cube root of 1000 since each of the three dimensions are the same. You could solve this problem with the following equation, where [tex]l[/tex] is the side length.

[tex]l^3[/tex] = 1000

[tex]l[/tex] = [tex]\sqrt[3]{1000}[/tex]

[tex]l[/tex] = 10

So, the side length of the edge of the cube is 10ft.

Fill in the table using this function rule

Answers

Substitute the x value on the left side for the x variable in the equation. For example x=2, y=30-2(2). 2x2=4. Y=30-4. Y=26 that is what you will fill in on the right column. Continue with the other x values.
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