How many years will it take an investment to double at 6.4% compounded monthly? (Round to the nearest tenth))

Answers

Answer 1

Answer:

Number of Years to Double= 10.62 years

Step-by-step explanation:

First, we need to calculate the real annual interest rate:

Real annual interest rate= {[(i/12)+1]^12} - 1

Real annual interest rate=  [{(0.064/12) + 1]^12 - 1}

Real annual interest rate= 0.0659

Now, we need to use the rule of 72. The rule of 72 is a means of estimating the number of years it takes for an investment or your money to double.

Number of Years to Double= 70/Annual Rate of Return

Number of Years to Double= 70/6.59

Number of Years to Double= 10.62 years


Related Questions

Help I give 20 points answer ASAP

Answers

Answer:

-1

Step-by-step explanation:

Jennifer claims that her bank account is growing at a greater rate of change than William’s bank account. Determine if Jennifer is correct and justify your reasoning.

Answers

Answer:

Jennifer is wrong

Step-by-step explanation:

Jennifer's bank account is growing at a rate of change 10 as per the given function

William’s bank account is growing at a rate of change 14 as per the table

Jennifer is wrong because 10 < 14

Given the graphed function below, which of the following ordered pairs are
found on the inverse function?

Answers

Answer: Option B.

Step-by-step explanation:

A linear function can be written as:

y = a*x + b

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

if the line passes through the points (ax, ay) and (bx, by) then the slope is:

a = (bx - ax)/(by - ay)

In this case, we can see that the line passes through the points:

(1, 3) and (2, 1)

Then the slope is:

a = (1 - 3)/(2 - 1) = -2

y = -2*x + b

In the graph we also can see that the line intersects the y-axis at y = 5, then b = 5.

The line is:

y = f(x) = -2*x + 5.

the inverse function is such that:

g( f(x)) = x

to find the inverse function of a linear equation, we just could isolate x.

y - 5 = -2x

-y/2 + 2.5 = x

Then we could write the inverse function as:

g(x)  = - x/2 + 2.5

Now we need to see which pairs belong to this line. I just will evaluate the function g(x) in different values of x, and see which points belong to the line.

g(9) = -9/2 + 2.5 = -4.5 + 2.5 = -2

(9, -2) belongs to the line.

g(7) = -7/2 + 2.5 = -3.5 + 2.5 = -1

Then (7, -1) belongs to this line.

g(5) = -5/2 + 2.5 = 0

Then the point (5, 0) belong to this line.

We can already see that all these points are in option B, then option B is the correct one.

help needed! what is 2/3 of 2? (and if possible can you give an easy explanation?)

Answers

Answer:

2/3 of 2 is 1.33

Step-by-step explanation:

this because 2/3 times 2 is 1.33

Answer:

4/3

Step-by-step explanation:

2/3 of 2 is basically multiplying 2/3*2/1.

Therefore it's (2*2)/(3*1) which is 4/3.

PLEASEEEE HELPPPPPP!

Answers

Answer:

We conclude that the value of 'a' will be:

[tex]a=\frac{x+b^2}{2}[/tex]

Hence, option (2) is true.

Step-by-step explanation:

Given the equation

x = 2a - b²

Let us solve the equation to solve for 'a'

[tex]x=2a-b^2[/tex]

switching sides

[tex]2a-b^2=x[/tex]

Add b² to both sides

[tex]2a-b^2+b^2=x+b^2[/tex]

Simplify

[tex]2a=x+b^2[/tex]

Divide both sides by 2

[tex]\frac{2a}{2}=\frac{x}{2}+\frac{b^2}{2}[/tex]

Simplify

[tex]a=\frac{x+b^2}{2}[/tex]

Therefore, we conclude that the value of 'a' will be:

[tex]a=\frac{x+b^2}{2}[/tex]

Hence, option (2) is true.

What is the base area.

Answers

Answer:

Area of the base is 10.5 cm².

Step-by-step explanation:

Formula for the volume of the given oblique prism = Area of the triangular base × Vertical height between two triangular bases

Vertical height = 6 cm

Volume = 63 cm³

From the formula,

63 = Area of the triangular base × 6

Area of the base = [tex]\frac{63}{6}[/tex]

                            = 10.5 cm²

Therefore, area of the base is 10.5 cm².

least to greatest, 45%, .46, 11/25

Answers

Answer:

46, 11/25, 45%

Step-by-step explanation:

Least to greatest is 46 11/25 and 45%

HELPPPPPPPPPP Lol thankd

Answers

Answer:

6 10

Step-by-step explanation:

Answer:

6, 10

Step-by-step explanation:

The first point is on 6, and ending at 10.

A local movie theater has an offer that for every seven movies you pay to go see, they will give you free passes for two other movies. If you paid to see 42 movies last year, how many free passes did you receive?

Answers

Answer:

i just need  more points so sorry im not helping

Step-by-step explanation:

im just a blank bc it doesnt let me say it seventh grader

Answer: 12

Step-by-step explanation: 42/7 = 6 and u get 2 free passes so 6 x 2 = 12

PLEASE HELP ME WITH THIS PROBLEM ASAP

Answers

Answer:

8

Step-by-step explanation:

32/4=8

Answer: 8 minutes

Step-by-step explanation: You can use a proportion to calculate.

[tex]\frac{32}{4} = \frac{x}{1}[/tex]

32 x 1 / 4 = 8

8 minutes = 1 mile

The area of a rectangle is represented by the expression 16m - 24. Which expression shows a factored version of the Area, one that shows the length and the width.
A | 8(2m+3)
B | 8(2+3m)
C | 8(2-3m)
D | 8(2m-3)

Answers

Answer:

The espression 8(2m - 3) shows the length and the width of the rectangle ⇒ D

Step-by-step explanation:

Let us find the greatest common factor of 16 and 24

∵ 16 = 1 × 16, 2 × 8, 4 × 4

∴ The factors of 16 are 1, 2, 4, 8, 16

∵ 24 = 1 × 24, 2 × 12, 3 × 8, 4 × 6

∴ The factors of 24 are 1, 2, 3, 4, 6, 8, 12, 24

→ Find the common factors of 16 and 24

∵ The common factor of 16 and 24 are 1, 2, 4, 8

∵ The greatest one is 8

The greatest common factor of 16 and 24 is 8

→ Take 8 as a common factor from 16m and 24

∵ 16m ÷ 8 = 2m

∵ 24 ÷ 8 = 3

∴ 16m - 24 = 8(2m - 3)

The espression 8(2m - 3) shows the length and the width of

   the rectangle

PLEASEEEEE HELPPPP!

Answers

Answer:

option 4

Step-by-step explanation:

put like terms on either side

9x + 2a = 3a - 4x

subtract both sides by 2a

9x = a - 4x

add both sides by 4x

13x = a

divide both sides by 13

x = a/13

please give thanks, hit that heart button :)

Answer:

4.) a/13

Step-by-step explanation:

9x + 2a = 3a - 4x

9x + 4x = 3a - 2a

13x = a

13x/13 = a/13

x = a/13

What is the solution set of (x-2)(x-3) = 2?
O (1.4)
O (2, 3)
O [4,5)

Answers

the answer is x1 = 1 , x 2 = 4.
(1,4)

Answer:

I think A but i'm not sure

Step-by-step explanation:

Factor the following 36k^2-1

Answers

answer

[tex] {36k}^{2} - 1[/tex]

using identity

[tex](a + b)(a - b) = {a}^{2} - {b}^{2} [/tex]

let a=6k and b=1

we get

[tex](6k + 1)(6k - 1)[/tex]

hope you are satisfied

Help Pls Fast! (55 POINTS!)

Answers

Answer:

Close to 6 miles. Exact is between 5.7 and 6

Step-by-step explanation:

Answer:

no  

Step-by-step explanation:

Can someone help me with this

Answers

Answer:

(-8;11] is the range of the graph

Brand A: $5 for 80 pounds of sand Brand B: $14 for 175 pound bag Which is the better buy?

Answers

Answer:

Brand A is the better buy

Step-by-step explanation:

bag Which is the better buy?

Step one

Brand A: $5 for 80 pounds of sand

Let us find the unit cost

Unit cost =5/80

=$0.0625 per pound

Brand B: $14 for 175 pound

The unit cost is

=14/175

=$0.08 per pound

write and equation of the line below ​

Answers

Answer:

y = 1/4x + 0 or just y = 1/4x

Step-by-step explanation:

First I need the slope so I look at the dots and see how much boxes it goes up and then to the side. So it’s up 2 to the side 8. The slope would be 2/8 but you can simply it by 2 and you get 1/4. And the y intercept is given its zero.

Which equation represents a line that passes through the two points in the
table?

Answers

Answer:

C. y - 5= 5/3 ( x - 3 )

Step-by-step explanation:

I used a graphing calculator

Select the correct answer.
Which statement is true about the graphed cubic function?

Answers

Step-by-step explanation:

The cubic function passes the x-axis only once,

so there is 1 distinct real zeroes and 2 complex zeroes.

The function has only one real zero and two complex zeroes. Then the correct option is D.

What is a function?

A function is an assertion, concept, or principle that establishes an association between two variables. Functions may be found throughout mathematics and are essential for the development of significant links.

The graph of the cubic function is shown.

The intersection of the curve with the x-axis is known as the zeroes of the function.

From the graph, the curve that cut the x-axis is only one point. Then the function has only one real zero and two complex zeroes.

Thus, the correct option is D.

More about the function link is given below.

https://brainly.com/question/5245372

#SPJ5

Find the solution to the systems of equations using the elimination method.
2x + 3y = 11
5x + 3y = 14

Answers

Answer:

x=1

Step-by-step explanation:

-3x=-3

2 – Efetue:

a) (+7) . (- 5) b) (-9) . (- 8) c)(-15) : (+5) d) (+125) : (+25)

preciso disso pra agora

Answers

A) [tex]7x(-5)[/tex]

A multiplicação de um numero positivo por um numero negativo resulta em um numero negativo: [tex](+) x (-)=(-)[/tex]

[tex](7x5)[/tex]

Multiplique os valores

[tex]-35[/tex]

resposta para  A: [tex]-35[/tex]

B)[tex](-9)x(-8)[/tex]

A multiplicação dois números negativos resulta em um numero positivo : [tex](-)x(-)=(+)[/tex]

[tex]9 x 8[/tex]

Multiplique os valores

[tex]72[/tex]

Resposta para B :[tex]72[/tex]

C)[tex](-15) : 5[/tex]

A divisão de um numero negativo por um positivo resulta em um numero negativo: [tex](-):(+)=(-)[/tex]

[tex]-(15:5)[/tex]

Divida os números

[tex]-3[/tex]

Resposta para C: [tex]-3[/tex]

D) [tex]125 : 25[/tex]

Divida os números

[tex]5[/tex]

Resposta para D: [tex]5[/tex]

POR FAVOR ME MARCA BRAINLIEST

Look at the comments under this question! y = 10-3x and 2x+2y = 0

Answers

Answer:

Yes! You would sub 10-3x for y and solve.

Don't forget to use the distributive property! Your answer should be 5.

Please help!!!!!!!!!

Answers

Answer:

D

Step-by-step explanation:

Using the cosine ratio in the right triangle

cos CBA = [tex]\frac{adjacent}{hypotenuse}[/tex] = [tex]\frac{BC}{AB}[/tex] = [tex]\frac{3}{9}[/tex] , thus

∠ CBA = [tex]cos^{-1}[/tex] ([tex]\frac{3}{9}[/tex] ) ≈ 70.53° ( to 2 dec. places )

Which is a counterexample of the following conjecture: "If two angles are supplementary, they have the same measure?"
A:30 degrees and 60 degrees
B:50 degrees and 130 degrees
C:90 degrees and 90 degrees
D:45 degrees and 45 degrees

Answers

Answer:i dont know but i think its D.

Step-by-step explanation:

Pls mark meh Brainlessed                  

My friend justen here hes tacken and hes cracked at fornight my guy AHHHH A BREAD DOG

Given g(x)=2x+3, solve for x when g(x)=3

Answers

Answer:

-3/2

Step-by-step explanation:

Solve -17 =
7 / 3 for x.

Answers

men i dont even know

I’ll mark as BRANLIEST!!!

45 POINTS!!!

I need help with both questions plz help god loves you all.

Answers

Answer:

43

-161

Step-by-step explanation:

43

-161

you’re welcome:))

PLZ HELP!

Ramon earns $1,820 each month and pays $53.20 on electricity. To the nearest tenth of a percent, what percent of Ramon's earnings are spent on electricity each month?

Answers

2% you have to cross multiply 53.20times 100 then divide by 1820

Step-by-step explanation:

2.6% b/c 1820×2.6/100

Dose y = 7.2x represent a proportional relationship, if so identify the constant of proportionality. If not, explain why not.

Answers

Answer:

Yes it does

The constant of proportionality is 7.2

Step-by-step explanation:

Here, we are to determine if the expression represents a proportionality relationship

From the question, we can see that this is so

If we placed x beneath y, we will have

y/x = 7.2

So therefore the ratio between the two is 7.2 and thus, the equation represents a proportional relationship

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