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
Neko [114]
11 months ago
13

Algebraically manipulating the formula FV = P +Prt, find the time period in years (to the nearest whole year) it would take to q

uadruple (4 times) the initialdeposit of $1,000 at a simple interest rate of 5.5%.55 years61 years48 years37 yearsNone of these choices are correct.
Mathematics
1 answer:
ICE Princess25 [194]11 months ago
4 0

Answer:

55years

Explanation:

According to the given expression

FV = P +Prt

P is the initial deposit = $1000

FV is the future value = 4(1000) = $4000

r is the rate = 5.5% = 0.055

Required

Time t

Substitute the given values into the expression as shown;

FV = P +Prt

4000 = 1000 + 1000(0.055)t

4000 - 1000 = 55t

3000 = 55t

Swap

55t = 3000

t = 3000/55

t = 54.5years

t = 55years

This means it will take the deposit of $1000 55years to quadruple

You might be interested in
How do I estimate 0.509375
Sloan [31]

Answer:

round it to the nearest whole number.

Step-by-step explanation:

8 0
3 years ago
Let f(x) = 2x–8 and g(x) = x + 2. Find f(g(x)) and g(f(x)).
Anna71 [15]

Answer:

g(f(x)) = 2x - 6

f(g(x)) = 2x - 4

Step-by-step explanation:

g(f(x)) = 2x - 8 + 2

g(f(x)) = 2x - 6

f(g(x)) = 2(x + 2) - 8

f(g(x)) = 2x - 4

8 0
3 years ago
Read 2 more answers
Brandon earns a rebate each month on his meals and movie tickets. He earns $0.50 for each movie ticket and $2 for each meal. Las
ElenaW [278]
This is the concept of simultaneous equations; We are required to create the equations modelling the above information.
Suppose the number of movie tickets was x and the number of meal tickets was y.
Therefore;
Total number of tickets was:
x+y=22
Total amount earned was:
0.5x+2y=25
The simultaneous equations representing the information is:
x+y=22
0.5x+2y=25



4 0
3 years ago
find the x-intercepts of the parabola with vertex (1,20) and y-intercept (0,16) write your answer in this form
bagirrra123 [75]
Hello here is a solution : 

4 0
3 years ago
State if polygons are similar
sukhopar [10]
Yes similar polygons are are two polygons with the same shape but not the same size
8 0
2 years ago
Other questions:
  • 100 points pls help
    9·1 answer
  • Manny purchased a new car this year for 20,500 The car is expected to depreciate at an annual rate of 16%
    9·1 answer
  • Help again pleaseeeeeeejshfhfuuffufuf
    12·1 answer
  • Heellllllllllllp needed plz
    8·1 answer
  • Y - 660 = 80(X – 7)?
    13·2 answers
  • A set of cards has 20 cards with stars, 10 cards with squares, and 15 cards with circles. Find the probability of each event whe
    5·1 answer
  • HELP ASAP!!!!
    7·2 answers
  • Disadvantage and advantage​
    5·1 answer
  • What is the volume, in cubic centimeters, of a cube with an edge length of 15 centimeters?
    5·1 answer
  • A home improvement store advertises 60 square feet of flooring for $280.00 including an $70.00 installation fee.How much does ea
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!