Nolan invested $5,300 in an account paying an interest rate of 3.8% compounded
annually. 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 $6,880?
HELP

Answers

Answer 1

Answer:

7

Step-by-step explanation:

did the question

Answer 2

The amount of money would be $6,880 in the account after 7 years.

What is Compound interest?

Compound interest is defined as interest paid on the original principal and the interest earned on the interest of the principal.

A = P(1+r/100)ⁿ

Where:

A = the future value of the investment or loan

P = the principal investment or loan amount

r = the interest rate (decimal)

n = the number of compound periods

Given data as follows:

p = $5,300

r = 3.8%

A = $6,880

A = P(1+r/100)ⁿ

Substitute the values of p,r, and A in the formula,

6,880 = 5,300(1 + 3.8/100)ⁿ

6,880/5,300 = (1 + 0.038)ⁿ

1.2981 = (1.038)ⁿ

n = 6.9954

Rounded to the nearest digit, and we get

n = 7

Therefore, the amount of money would be $6,880 in the account after 7 years.

To learn more about Compound interest click here:

brainly.com/question/25857212

#SPJ2


Related Questions

geometry question pls help!!!​

Answers

Answer:

First option is the correct answer

Step-by-step explanation:

Multiply the area of the circle by [tex] \frac{360\degree - x}{360\degree} [/tex]

2/7 of 49
fractions ​

Answers

Answer:

14

Step-by-step explanation

True or false - The only way to charge an object with static electricity is by rubbing it against another object.

Answers

Answer:

This is false

Step-by-step explanation:

This is false! Have a good day!

Factor the follow expression:
8x−10

Select one:

2(x−5)

2(4x−5)

8(x−10)

2(4x−10)

Answers

Answer:

2(4x-5)

Step-by-step explanation:

find the greatest common factor (biggest number that goes into 8 and 10)

it is two

divide both by two

put 2 on the outside to symbolize that you multiply the inside by 2

2(4x-5)

Answer:

[tex]2(4x - 5)[/tex]

Step-by-step explanation:

1) Find the Greatest Common Factor (GCF).

[tex]gcf = 2[/tex]

2) Factor out the GCF. (Write the GCF first. Then, in parentheses, divide each term by the GCF.)

[tex]2( \frac{8x}{2} - \frac{10}{2} )[/tex]

3) Simplify each term in parentheses.

[tex]2(4x - 5)[/tex]

Therefor, the answer is Option B.

Urgent!Math help!!! What’s the real answers?

Answers

Answer: you got the two right, the third is incorrect and the fourth is correct

Step-by-step explanation: I took the quiz hope I pulled some weights off your shoulders

plz help I need help on math plz help the first one get bainys its actually for my lis sis


here is my picture

Answers

Answer:

Step-by-step explanation:

1. $5

2. 50 cents

3. 25 cents

4. 3 dollars

5. 70 cents

just subtract them

answer pls>>>>>.

pls

Answers

I’ve attached my work....
I used completing the square method were you draw a square and multiple everything across
Hope it helps!!
Have a nice day or night :O
Use the comment feature for any additional questions you have

In a right triangle, the hypotenuse has endpoints P(-3, 2) and Q(1, -3). ​

Answers

Answer:

the remaining points either be (-3,-3) or (1,2)

4. A square has a perimeter of 28 units, an
ared of 49 units, and sides that are either
horizontal or vertical. The vertices are all
located in the same quadrant where the x
value is negative. What are the possible
coordinates of the square?

Answers

Answer:

7

Step-by-step explanation:

perimeter - 7+7+7+7=28

area - 7×7 = 49

it's a square so all sides are the same length.

area is length times width

perimeter is all sides added together.

Factor:
n^4- 3n^2 + 2

*example: n^2-n-2 factored would be: (n-2)(n+1)*

Answers

Step-by-step explanation:

[tex]( \: n - 1) \times (n + 1) \times \: ( {n }^{ 2 - 2)} [/tex]

Please answer this question!!! Thank you!

Answers

Answer:

your answer is b

Step-by-step explanation:

The answer is B and you’re welcome

can i get factors of 256​

Answers

Step-by-step explanation:

Factors of 256: 1, 2, 4, 8, 16, 32, 64, 128 and 256.

Hope it will help :)❤

Here the answer hope this helps:

factors of 256 are.... 1, 2, 4, 8, 16, 32, 64, 128 and 256.

Step-by-step explanation:

hope this helps

(08.01)
Two friends went to get ice cream sundaes. They each chose a flavor of ice cream from a list of vanilla and chocolate and toppings from a list of hot fudge,
strawberries, sprinkles, peanuts, and whipped cream. Use the sets below describing their choices and find B'
Let A = {vanilla, chocolate, hot fudge, strawberries, sprinkles, peanuts, whipped cream}
Let B = {vanilla, hot fudge, sprinkles, whipped cream}
Let C = {chocolate, hot fudge, peanuts, whipped cream}

Answers

Answer:

A

Step-by-step explanation:

njsusnhshbwhjkahbkans

6 ft = ____ yd

6 ft = 6 x 1 ft

= 6 x ____ yd

= ____ yd

Answers

Answer:

6 ft = 2 yd

6 ft = 6 x 1 ft

= 6 x 2 yd

= 12 yd

Elis, Raine and Avery buy a boat for $33 000.
Elise pays $12 000, Raine pays $6000 and Avery pays the rest.
Six years later they sell the boat for $25 300.
They share the money in the same ration that they bought the boat.
How much money does Avery lose on the sale of the boat?

Answers

Amount Avery paid: 32,000-12,000-6,000 = 15,000

Divide portion she paid by total cost:

15,000/33,000

Simplify to 15/33

Multiply the amount the boat was sold for by her portion:

25,300 x 15/33 = 11,500

Subtract the amount she got from the amount she paid:

15,000 - 11,500 = 3,500

She lost $3,500

Answer:

yes

Step-by-step explanation:

yes!

The pie chart below represents the vehicle types owned by families. If the total number of people surveyed is 1000, approximately how many own a van?

Answers

Answer:

500 families

Step-by-step explanation:

We want to estimate the size of the dark blue section of the chart. The chart looks like the left of the pie chart is split evenly with the dark blue section. So we estimate that each of those must represent 12 or 50% of the total number of families. Therefore,

0.50⋅1000=500

About 500 families own a van.

5.5 + n = 10 please help ​

Answers

Answer:

n = 4.5

Step-by-step explanation:

10 - 5.5 = n

Answer:

I feel like its 4.5

Step-by-step explanation:

-6(2x - 6) - 4x + 7 Simplify the algebraic expression.

Answers

1.) -6(2x - 6) - 4x + 7
2.) -12x + 36 - 4x + 7
3.) -16x + 36 + 7
4.) -16x + 43

Answer:

− 1 6 + 4 3

Step-by-−

−6  ( 2 − 6 ) − 4 + 7

− 1 2 + 3 6 − 4 + 7

− 1 2 + 3 6 − 4 + 7

− 1 2 + 4 3 − 4

− 1 2 + 4 3 − 4

− 1 6 + 4 3

step explanation:

Distribute

Add the numbers

Combine like terms

how do i solve this and what is the answer?

Answers

Answer:

I totally get why you are asking , how do I solve this.  there is so much implied about this

Step-by-step explanation:

1st you have to recognize that ∠ACB ( in my drawing ) has that same angle as the arc from A to B  ,  so that's implied.   next you have to recognize that the triangle formed by ACB with the 124 degree angle at C is an isosceles and therefore has identical angles at A and B  so that's  180 = 124 + 2A  , so A = 28° and so does B , then , b/c we know that small angle... you also have to know, that the line AC is perpendicular to AD.  that they from a right angle and there for... you now know , that ∠BAD is the other part of that 90 or 90= 28 + ∠BAD so  ∠BAD = 62°

I went through that kinda fast, there was several "leaps" of using logic to get to the correct answer , using things you know from prior understanding about angles , circles  and geometry,  you are putting all of the parts together here.  :/  kinda daunting in some ways.

I can't seem to factor out this equation.

40x squared -46x +12

Answers

2(5X-2) (4X-3) is the correct answer

Find the volume of the triangular prism.
PLEASE HELP!

Answers

Answer:

53.76 cm³

Step-by-step explanation:

1/2(4.8)(3.2)(7)=53.76

The picture is quite blurry.  I think it's 4.8 at the base, but can't see for sure.

I thinks it’s 4.8 sorry if it’s wrong.

A square notepad has sides that are 14 centimeters long. What is the notepads perimeter?

Answers

square has four sides
14x4=56

Answer:

56 cm (22.4 in)

Step-by-step explanation:

14+14+14+14=56 or 14x4=56

PLS help
5 2/5 - 6 5/7​

Answers

Answer:

1.2

Step-by-step explanation:

Given

52/5_65/7

10.4_ 9.28

1.2

27\5-47\7
-46\35
= -1 11\35 Or 1.3

Logan is going to invest $61,000 and leave it in an account for 20 years. Assuming
the interest is compounded continuously, what interest rate, to the nearest
hundredth of a percent, would be required in order for Logan to end up with
$103,000?

Answers

Answer:

its 2.62

Step-by-step explanation:

Answer:

its 2.62  

Step-by-step explanation:

HELP ASAP PLS!!


what is composite area?? How do we use it in the real world???

Answers

Answer:

A composite figure (or shape) is one that can be separated into more than one of the basic figures. Examples of using it in the real world is building cars or houses.

A town has a population of 7000 and grows at 4% every year. What will be the population after 13 years, to the nearest whole number?

Answers

Answer:

Step-by-step explanation:

7,000 × 1.04¹³ = 11,656

NEED HELP PLEASE ! WILL MARL BRANIEST IF RIGHT

Answers

Answer:

-9, -2, 14

Step-by-step explanation:

-1 is < 0 so plug it into the first function.

8(-1) -1 = -9

0 is ≥ 0 so plug it into the second function

8(0)-2 = -2

2 is ≥ 0 so plug it into the second function

8(2) - 2 = 14

Someone help please?

Answers

Answer:

x - 6 = 3x

Step-by-step explanation:

I think please wait for more responses if needed, I showed how to make them equal, what x equals.

Help me with this last one I don’t really get it

Answers

Answer:

Step-by-step explanation:

1. Bar graph.

2. fewer

3. more

Hope that helps!

Is the following graph exponential? Explain how you know.

Answers

Answer:

no

Step-by-step explanation:

the graph provided on the picture is y=x². It is visible, when the value of 'x' isdecreasing, the values of the function 'y' is increasing. If the function provided is exponential, then the values of the function 'y' is decreasing also.

Other Questions
Triangle DEF is on a coordinate plane with itsvertices located at D( 3,5), E( 3, - 2), andF(3,0). What is the area of ADEF in squareunits? Match the words that have the same denotations. In an ecosystem, which of the fcHlowing is NOT a trait of living organisms?Contains DNACan reproduceMade of cells with membrane Responds to stimuli Select the answer choice that has the correct missing values. * The sum of 3 times the value of x and 2 is equal to less than 5 times the value of x. Which equation can be used to find the value of x?A. 3x+2=4-5B. 2x+3=4-5xC. 3x+2=5x-4D. None of these Which inequality is true if p=3?A. 3p 15D.8 > 2p Which equation is true for the value b= 10? OA 2(b + 4) = 16 B. 2(b + 2) = 40 3(b - 2) = 24 OD 2(8 + b) = 42 o E. 31b-4) = 20 The two perpendicular lines of a coordinate plane that intersect at the origin (singular: axis)Group of answer choices1. Coordinate Plane2. Dependent Variable3. Axes4. Coordinates --Please help, ill give 30 points and brainiest if your correct!!--Lisa and Alice are playing a game. Each player either receives or has to pay play money based on the results of their spin. The table lists how much a player receives or pays for various spins. What color has the greatest amount?Red Pays $5BlueReceive $4 YellowPay $1GreenReceive $3OrangePay $2 Which of the following is not an example for electroplating? A Tin cans for storing foodB Chromium used on bath taps to get shiny appearanceC Copper used for making electrical wiresD To protect iron objects used in machineries, from corrosionIf you answer you will get brainiestPlease answer and thank Which is the equation of a line that has a slope of -7 and a Y intercept of 2 I need help on this. Can someone explain it? Tim is 16 years old,a high school student, and lives with hi parents.He earned $5,200 and his part-time job. Select the best possible answer.(Only 1 answer) Which is true about urban areas in Egypt?Urban populations have decreased as people have moved to rural areas to escape pollution.Urban populations have increased as people have moved to cities to find better jobs.The Egyptian economy is based on trade, so most people live in urban areas along the Mediterranean Sea.Most urban areas are located far away from the Nile River to avoid destruction caused by flooding. Just read this over to see if this sounds good. It's my intro paragraph. Give me some insight if I need to change anything. Honest opinions pleasePeople of the past and present judge each other by their class. This could relate to how much wealth they have as well as their social class or economic status. These judgments separate us as a society, and we live our lives around these judgments. Class, in simple words, is a group of people or things categorized by the quality and economic status. This relates to the novel The Great Gatsby by some of the characters in the novel, such as Tom and Daisy Buchanan who are sardonic and in love with material luxury. Daisy Buchanan is a beautiful, charming woman from Louisville, Kentucky. For a while, she was with Gatsby before he went to war but later married Tom Buchanan because he had a promised wealthy life that he could provide her. In the novel, during the reunion at Daisy's house in the east egg, "'You make me feel uncivilized, Daisy,' I confessed on my second glass of corky but rather impressive claret. 'Can't you talk about crops or something?'" Nick's statement shows the wealthy class of the east egg and how Daisy flaunts her wealth to everybody instead of enjoying the people around her. The ___________________________ of an object is how heavy the object is The work per unit charge required to move a charge between two points in an electric circuit defines electricA) forceB) PowerC) field strengthD) potential difference What word best describes Equtano's life as a child in his family's home?Arrogant FearfulHappy Lordly Which statement about Federal architecture is true? Complete the statement with the term that makes it true.If there is no data for a value within the range, there still needs to be afor that value in a frequency table.O columnOrowOtable