1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ivan
2 years ago
5

Greg deposited $4000 into an account with a 9.8% annual interest rate, compounded semiannually. Assuming that no withdrawals are

made, how long will it
take for the investment to grow to $4616?
Do not round any intermediate computations, and round your answer to the nearest hundredth.
Mathematics
1 answer:
Dovator [93]2 years ago
6 0

The number of years it would take $4000 to grow to $4616 is 2.92 years.

<h3>How many years would it take the investment to have a value of $4616?</h3>

When an amount earns compound interest compounded semi annually, it means that both the amount invested and the interest accrued increases in value twice yearly.

Number of years = (In FV / PV) / r

  • r = 9.8/2 = 4.90%
  • FV = future value = 4616
  • PV = present value = 4000

(In 4616 / 4000) / 0.049 = 2.92 years

You might be interested in
Evaluate the following log32-log64+log16
gogolik [260]
Using properties of logarithms:

log(m+n) = log(m.n)

log(m-n) = log (m/n)

we get,

log(32x16/64)

On simplifying:

log(8)

and 8= 2^3

therefore,

log(2^3)

again using another property for exponents in logarithms we get:

3 log 2 <---- Answer
7 0
3 years ago
Read 2 more answers
The measures of three angles of a triangle are given by (8x - 5), (2x)º, and (3x – 10). What is the measure of the largest angle
zhannawk [14.2K]

Answer: 115°

Step-by-step explanation:

We should note that the sum of the angles that are in a triangle is equal to 180°, therefore we will add the angles given and equate them to 180°. This will be:

(8x - 5) + (2x) + (3x - 10) = 180

8x - 5 + 2x + 3x - 10 = 180

Collect like terms

8x + 2x + 3x = 180 + 5 + 10

13x = 195

x = 195/13

x = 15

The angles are:

8x - 5 = 8(15) - 5 = 120 - 5 = 115°

2x = 2(15) = 30°

3x - 10 = 3(15) - 10 = 45 - 10 = 35°

Therefore, the largest angle is 115°

3 0
2 years ago
Find the distance between each pair if points
sukhopar [10]

Answer:

point a is positive but point b is negative

6 0
3 years ago
Juan invested $100 in a savings account the earns 5% annually. The value, A, of the investment can be calculated using the equat
Karolina [17]

Answer:

$110.25

Step-by-step explanation:

Step one:

given

principal= $100

rate= 5%

time = 2 years

Required

The final amount

Step two:

The compound interest formula is

A=p(1+r)^t

substituting we have

A=100(1+0.05)^2\\\\A=100(1.05)^2\\\\A=100*1.1025\\\\A=110.25\\\\

The final amount is $110.25

6 0
2 years ago
No links or files please im doing two at a time to get it done quicker
andrew-mc [135]

Answer: 5.6 cm

Step by Step: I used the same formula as the question before and I got the answer for this question. When solving questions like this, you can work backwards from the problem and then solve

3 0
2 years ago
Other questions:
  • Johanna is selling cheese at the farmers’ market. One wheel of cheese has a diameter of 9 inches.
    13·1 answer
  • 119 divided by 17? with remainder?
    13·1 answer
  • Product of 3a2b and 5a2–4ab + 2b2is
    9·1 answer
  • 30 Labour s take 20 days to complete a work. How many labour must be added to complete the same work in 15 days?
    7·1 answer
  • Jackie and Rachel both worked during last summer and made $960 each. Rachel worked 16 hours more than Jackie, but Rachel earned
    9·1 answer
  • The median boiling temperature of the tap water is 100°C.The median boiling temperature of the salt water is 102°C. Which statem
    11·1 answer
  • Pls help with this question 30 pts plus brainlyist.
    6·1 answer
  • PLSSSSSSSSSSSSSSSSSSSSSSSSSSS HELPPPPPPPPPPPPPPPPPPPPPPPPP
    10·1 answer
  • Write the equation of a line that is perpendicular to the given line that passes through the given point.
    11·1 answer
  • Solve this math problem first you get a free crown!
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!