You invest $5000 into an account that has a 2.7% annual interest rate and is compounded quarterly. Approximately how long will it take until you have $7,500 in your account?​

Answers

Answer 1

Since the interest is compounded, we will have to use the compound interest formula.

We Weill plug 7500 in for A, because that's the amount of money that we want to have at the end of some amount of time.

5000 will go in for P because that's the starting amount.

2.7% will be converted into a decimal percentage form. You can do this by dividing by 100, which you will get .027, and then plug that in for r, the rate.

Since the interest is compounded quarterly, n = 4.

After a bit of number crunching, you will get to the point where you have to solve for an exponent. You can easily do this by using the natural log ln(). One property of logarithm is that you can take the exponent and place it in front of the log. Now you can divide both sides to separate and solve for t.

You Invest $5000 Into An Account That Has A 2.7% Annual Interest Rate And Is Compounded Quarterly. Approximately
Answer 2

It take 10.5 years for the investment to grow to $7,500 in the account with a 2.7% annual interest rate compounded quarterly.

Given:

P = $5000

r = 2.7% = 0.027 (as a decimal)

n = 4 (quarterly compounding)

A = $7500

The formula for compound interest:

[tex]\[ A = P\left(1 + \frac{r}{n}\right)^{nt} \][/tex]

Substituting these values into the formula

[tex]\[ 7500 = 5000\left(1 + \dfrac{0.027}{4}\right)^{4t} \][/tex]

Dividing both sides of the equation by $5000, we have:

[tex]1.5 = (1.00675)^{(4t)[/tex]

Assuming a natural logarithm (ln), we have:

ln(1.5) = [tex]ln((1.00675)^{(4t))[/tex]

Using the logarithm property,[tex]ln(a^b) = b * ln(a)[/tex], simplify the equation:

[tex]ln(1.5) = 4t * ln(1.00675)[/tex]

Now, dividing both sides of the equation by 4 * ln(1.00675):

t = ln(1.5) / (4 * ln(1.00675))

t = 10.5 years.

Therefore, it will take 10.5 years for the investment to grow.

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Related Questions

The difference between the annual and semi-annual compound interest on a sum of money is Rs 482 at the rate of 20 % per annum for 2 years. Find the sum.​

Answers

Just multiply 482 by .20 then times by 2

Kami's fitness trainer recommends that she drinks 121212 fluid ounces of water 888 times a day.
How many cups does Kami drink in one day?

Answers

Answer:

13,454,532  cups a day

Step-by-step explanation:

121212*888=107,636,256 8 fluid ounces in a cup so divide by 8 to get 13,454,532.

♥️♥️PLEASE ANSWER♥️❤️

Find the slope of the line that contains (8, -2) and (-2, -2).

Answers

Answer:

y = -2

Step-by-step explanation:

y2 - y1 / x2 - x1

-2 - (-2) / -2 - 8

0/-10

= 0

y = 0x + b

-2 = 0(-2) + b

-2 = 0 + b

-2 = b

Answer:

Y = -2

slope = 0

Step-by-step explanation:

x1 y1  x2 y2

8 -2  -2 -2

   

(Y2-Y1) (-2)-(-2)=   0  ΔY 0

(X2-X1) (-2)-(8)=    -10  ΔX -10

   

slope= 0          

B= -2          

   

Y = -2    

2. Mr. McGrath is ordering pizza for the girls soccer team. A large cheese pizza costs $10, plus 80¢ for each
additional topping (including extra cheese!).
Complete the table below.

Answers

Answer:

i think iys 6 lol

Step-by-step explanation:

its wright

When you calculate (ln) 7, you would be finding the value of which of the following expressions?

log_e 7
log_7 10
log_10 7
log_7 e

Answers

Answer:

log_e (7)

Step-by-step explanation:

(ln) 7,

ln stands for natural log, which is log base e

log_e (7)

What is the area of the obtuse triangle below?
9
다.
11
O A. 49.5 sq. units
OB. 99 sq. units
C. 10 sq. units
D. 20.5 sq. units

Answers

Answer:

49•5

Step-by-step explanation:

A= hb×b÷2

given

hb=height=9

b=base=11

The area of the triangle will be 49.5 square units. Then the correct option is A.

What is the area of the triangle?

Assume 'h' is the height of the triangle and 'b' be the base of the triangle. Then the area of the triangle is given as,

A = (1/2) × h·b

The height of the triangle is 9 units and the base of the triangle is 11 units. Then the area of the triangle is calculated as,

A = 1/2 x 11 x 9

A = 11 x 4.5

A = 49.5 square units

The area of the triangle will be 49.5 square units. Then the correct option is A.

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Write 215 as a product of its prime factor

Answers

Answer:

5x43

it can only be divided by 1, 5, and 43.

When 215 is written as a product of its prime factor, the result is 5 × 43.

How to get Prime Factor?

To find the prime factorization of 215, we'll divide it by its smallest prime factor and continue the process until we get all the prime factors. Here's the step-by-step breakdown:

Divide 215 by the smallest prime number, which is 5. We get:

215 ÷ 5 = 43

43 is a prime number, so we stop here.

Now, the prime factorization of 215 is:

215 = 5 × 43

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What are the two square roots of 9/4?​

Answers

Answer:

3/2

Step-by-step explanation:

3^2=9

2^2=4

3/2 and -3/2

sqr of 9 is 3 or 3

sqr of 4 is 2 or -2

help please
!!!!! this is 4 summer

Answers

Answer:

2. 8/10

3. 27/100

4. 75/100 or 3/4

Step-by-step explanation:

•First, put the number on top of 1 in a fraction.

•Multiply the top and the bottom by 10 for every number after the decimal point.

2.

Number on top of 1 in a fraction:

0.8/1

As there is 1 number after the decimal place, you would have to times the top and bottom by 10.

8/10

3.

Number on top of 1:

0.27/1

Times top and the bottom by 100:

27/100

4.

Number on top of 1:

0.75/1

Times top and bottom by 100:

75/100

Simplify (if needed):

3/4

Hope this helps :)

Find the measure of b.
please help!

Answers

Answer:  40

=======================================================

Explanation:

The inscribed angle 20 degrees doubles to 2*20 = 40 which is the measure of the central angle, and the arc in which the inscribed angle subtends (or cuts off). This is due to the aptly named inscribed angle theorem.

------------

A slightly longer alternative path would be to do this:

The triangle with interior angles 20 and c is isosceles. Note how the missing angle up top is one of the congruent base angles, so the missing angle is 20 degrees. That means angle c is...

20+20+c = 180

40+c = 180

c = 180-40

c = 140

Then angle b is supplementary to this

b+c = 180

b+140 = 180

b = 180-140

b = 40

This path leads to the same answer. It's slightly longer, but it's a path you can take if you aren't familiar with the inscribed angle theorem.

In fact, this line of thinking is effectively how the inscribed angle theorem is proved as shown in the diagram below.

Please help will give brainliest, pls don’t just guess

Answers

Answer:

B = multiply both sides by 2y+1

Step-by-step explanation:

Answer:

B. multiply both sides by the equation 2y + 1

what is the value of 5 to the power of 4 times 5 to the power minus 6

Answers

Answer:

5^-2 or 0.04

Step-by-step explanation:

when you times you add the powers

4 + (-6) = -2

5^-2

What is the area of a rectangle whose length is (5x + 2)cm and whose width is (3x + 1)cm?

Answers

Answer:

[tex]\displaystyle A = 15x^2 + 11x + 2\text{ cm}^2[/tex]

Step-by-step explanation:

We are given that the length and width of a rectangle is given by:

[tex]\ell = (5x + 2)\text{ cm} \text{ and } w = (3x+1)\text{ cm}[/tex]

And we want to find the area of the rectangle.

Recall that the area of a rectangle is given by:

[tex]\displaystyle A = w\ell[/tex]

Substitute:

[tex]A = (3x+1)(5x+2)[/tex]

Expand and simplify:

[tex]\displaystyle \begin{aligned}A &= 5x(3x+1) + 2(3x+1) \\ &= (15x^2+5x)+(6x+2) \\ &= (15x^2)+(5x+6x)+(2) \\ &= 15x^2 + 11x +2 \end{aligned}[/tex]

Hence, the area of the rectangle is:

[tex]\displaystyle A = 15x^2 + 11x + 2\text{ cm}^2[/tex]

1.Waheeda mixes water with some lemon juice to make lemonade. Write an equation to represent how much lemon juice is needed when Waheeda uses 18 ounces of water.

2. Identify the independent and dependent variables in the situation.
Independent variable: Dependent variable: b) Write an equation representing the amount Waheeda earns in relation to the number of glasses of lemonade she sells.
Equation: c) In which Quadrant of a graph would her data appear? Explain.

Answers

1. The equation is 18 = 3 × x

2. a) The independent variable is the of ounces of lemon juice in the lemonade

b) A = a × b

c) First quadrant

The procedure to find the above answers are presented here as follows;

1. The following is the table of values of the data

[tex]\begin{array}{ccc} Lemon \ juice \ ounces \ (x)& & Water \ in \ ounces \ (y)\\2&&6\\3&&9\\4&&12\\5&&15\end{array}[/tex]

The given data in the table shows that the Lemon juice ounces, x, and the Water in ounces, y, have a direct proportionality relationship which is given as follows;

y ∝ x

∴ y = k × x

Where;

k = The constant of proportionality

k = y/x

Therefore;

k = 6/2 = 9/3 = 12/4 = 15/5 = 3

k = 3

y = k × x

∴ y = 3 × x

Therefore;

The equation to represent how much lemon juice, x, is needed when Waheeda uses y = 18 ounces of water  is given by placing y = 18 in y = 3 × x as to get;

18 = 3 × x

∴ x = 18/3 = 6; 6 ounces of lemon juice is needed with 18 ounces of water

2. The independent variable is the input or causing variable that determines the output variable

Therefore, the independent variable is the number of ounces of lemon juice required to be mixed with a given number of ounce of water to make lemonade

b) Let a represent the selling price for a glass of lemonade, let b represent the number of glasses of lemonade she sells, and let A represent the amount she earns, we have;

A = a × b

c) The given x and y values in the data are both positive values, which indicate that the data would appear in the first quadrant

Learn more about dependent and independent variable here;

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Line A has the equation: y = 2x + 5.
Determine the equation of line B when it is parallel to line A and passes through (0 , -4).

Answers

Answer:

y=2x-4

Step-by-step explanation:

The slope of the line is 2 and y intercept is - 4. The equation will be y=2x-4

Is (3,8) a solution to the inequality 14x + 12y = 12?

Answers

Answer:

No

Step-by-step explanation:

14x + 12y = 12

(3, 8)

14(3) + 12(8) = 12

42 + 96 = 12

138 = 12

what is the units of the partial circle

Answers

Answer:

[tex]arc \: length = 2\pi \: r( \frac{θ}{360} ) \\ = 2 \times 3.14 \times 7 \times ( \frac{90}{360} ) \\ = 10.9 \\ = 11[/tex]

I hope I helped you^_^

A herd of cows gives 4 litres of milk each day. But each cow gives one-third of total milk
each day. They give 24 litres milk in six days. How many cows are there in the herd?

Answers

Answer:

4 divided by one third then you take the answer and divide it with 24

hope i could help

Find the perimeter of the square. Be sure to write the correct unit in your answer.


21 yd

Answers

Perimeter is the distance around the outside.

A square has 4 equal sides:

Perimeter = 21 x 4 = 84 yards

Answer: Perimeter = 84 yd

Explanation:

Perimeter of square = 4 × side

Side = 21 yd

Perimeter = 4 × 21

= 84 yd

Must click thanks and mark brainliest

James defines a circle as "the set of all the points equidistant from a given point." His statement is not precise enough
because he should specify that
O a circle includes its diameter
O the set of points is in a plane
O a circle includes its radius
O the set of points are collinear

Answers

The answer is c because a the radius of a circle is the length of the from it’s center to any point of it’s edge

Answer:

I can confirm that it is: B, the set of points is in a plane

Step-by-step explanation:

It is right.

1. 8y = 48
2. q — 12 = 1
3. 18 = a/2
4. r/3 = 7
5. 11 = m — 4

Answers

Hello!

1. 8y = 48 => y = 48 : 8 => y = 6

2. q - 12 = 1 => q = 1 + 12 => q = 13

3. 18 = a/2 => a = 18 × 2 => a = 36

4. r/3 = 7 => r = 3 × 7 => r = 21

5. 11 = m - 4 => m = 11 + 4 => m = 15

Good luck! :)

A line segment has the endpoints T(10, 4) and U(8,4). Find the coordinates of its midpoint
M.
Write the coordinates as decimals or integers.
M =

Answers

Answer:

(9,4)

Step-by-step explanation:

Using the Midpoint theorem, we have

x=(10+8)/2=18/2=9

y=(4+4)/2=8/2=4

7* = 343/7* = 56 solve???
help me please ​

Answers

Answer:

the answer is 7-57 #5376

graph the line that passes through the points (-3,-7) and (-2,-7) and determine the equation of the line

Answers

Answer:

y = -7

Step-by-step explanation:

y2 - y1 / x2 - x1

-7 - (-7) / -2 - (-3)

0/1

= 0

y = 0x + b

-7 = 0(-2) + b

-7 = 0 + b

-7 = b

Identify the constant in the expression -2 + 6c + 3c

Answers

Answer:

-2

Step-by-step explanation:

The constant has only a number and no variable

-2 +6c +3c

-2 is the constant

6 is a coefficient for the variable term

3 is a coefficient for the variable term

-2

How

Simplify the equation

[tex]\\ \sf\longmapsto -2+6c+3c[/tex]

[tex]\\ \sf\longmapsto -2+(6+3)c[/tex]

[tex]\\ \sf\longmapsto -2+9c[/tex]

[tex]\\ \sf\longmapsto 9c-2[/tex]

-2 is constant

Which equation represents a line which is parallel to the line 7y-x=-56

y=-1/7+1
y=1/7x-1
y=7x-4
y=-7x-2​

Answers

Answer:

The parallel line is y = 1/7 x - 1  

hope this helps!

1. Find the measure of angle R.

Answers

Answer:

the first option 40 degrees

Step-by-step explanation:

the outward angle at the center of the circle between the two tangential points is 220 degrees.

that means that the inward angle between them is

360 - 220 = 140 degrees.

now consider that there is a triangle between the center of the circle, one of the tangential points (it does not matter which one, as the upper and the lower triangles are equal) and the point R.

we know the angle at the tangential point : 90 degrees by definition (otherwise it would not be a tangent).

and we know the angle at center of the circle, which is half of the inward angle

140 / 2 = 70 degrees.

and at point R we have half of the full angle R.

we can calculate that half by using the fact that the sum of all angles in a triangle is always 180 degrees.

180 = 90 + 70 + R/2

180 = 160 + R/2

20 = R/2

R = 40 degrees

Ashley sells 18.6 kg bags of mixed nuts that contain 60% peanuts. To make her product she adds peanuts to Brand A's mixed nuts which contain 20% peanuts. How much of each does she combine?

Answers

Answer:

She combines 9.3 kg of each.

Step-by-step explanation:

Let x = amount of brand A in kg

Let y = amount of peanuts in kg

First we deal with the amount of each product she uses.

"Ashley sells 18.6 kg bags of mixed nuts that contain 60% peanuts."

x + y = 18.6

Now we deal with just the amount of peanuts.

"To make her product she adds peanuts to Brand A's mixed nuts which contain 20% peanuts."

Brand A contains 20% peanuts, so x kg of brand A contains 0.2x kg of peanuts.

The peanuts she adds are pure peanuts, so all of y is peanuts.

The result is 18.6 kg of a mixture that is 60% peanuts, so the amount of peanuts in the bags she sells is 0.6 * 18.6 kg.

0.2x + y = 0.6 * 18.6

0.2x + y = 11.16

We have a system of equations:

x + y = 18.6

0.2x + y = 11.16

We have y in both equations, so let's subtract the second equation from the first equation to eliminate y.

0.8x = 7.44

Divide both sides by 0.8

x = 9.3

Plug in 9.3 for x in the first equation of the system and solve for y.

x + y = 18.6

9.3 + y = 18.6

y = 9.3

Answer: She combines 9.3 kg of each.

Last month Grace worked, and was paid for, a total of x hours. Some of the hours were on the day shift and the remainder of the hours were on the night shift. Her hourly pay is 20% higher for the night shift than for the day shift. How many hours did Grace work on the day shift last month

Answers

Say her hourly pay was $p for the day shift and $1.2p for the night shift.

(1) x = 55. Clearly insufficient: we need to know how these 55 hours are split between the day shift hours and the night shift hour.

(2) Grace's gross pay for the hours she worked on day shift last month was exactly 50% of her total gross pay for last month. Not sufficient.

(1)+(2) Say Grace worked h hours on the day shift and 55-h hours on the night shift. Thus, her pay for the the hours she worked on day shift is $ph and the total gross pay is $ph+(55-h)*1.2p. From (2) we have that ph=0.5(ph+(55-h)*1.2p) --> reduce by p: h=0.5(h+(55-h)*1.2). We have 1 variable, so we can solve for it. Sufficient.

Answer: C.

Solve for X. Geometry

Answers

Answer:  " x = 10 " .

Step-by-step explanation:

Note the top "line segment" ; and the bottom "line"; have equal measurements:

The length of the top line segment is:

" (2x − 8) + 5 ."

The length of the bottom line is:  " (x + 7) " ;

__________

To solve for "x" ;

___________

(2x − 8) + 5 = (x + 7) ;

Rewrite as:

2x − 8 + 5 = x + 7 ;

Note: −8 + 5 = -3 ;

_______________

Rewrite the equation as:

 2x − 3 = x + 7 ;

We can subtract "x" from each side of the equation;

and add "3" to each side of the equation:

 2x − 3 − x + 3 = x + 7 − x + 3 ;

_______________

to get:

_______________

 x = 10 .

_______________

Let us check our answer

(2x − 8) + 5 =? (x + 7) ;

________

(2*10 − 8)  + 5 =? (10 + 7) ? ;

(20 − 8)  + 5 =? 17 ?

  12 + 5 =? 17 ?  Yes!

_______________

Best wishes in your academic pursuits!

_______________

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