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
Viefleur [7K]
3 years ago
11

If you had a bank that offered 6.1% interest and compounded money 4 times a year, how many years would go by until you could tur

n $6000 into enough to buy a brand new car ($12,000)?
Mathematics
1 answer:
Verdich [7]3 years ago
3 0

Answer:

t = 11.45 years

Step-by-step explanation:

A = p(1+r/n)^nt

A = future value = $12000

P = present value = $6000

n = number of periods = 4

r = interest rate = 6.1% = 0.061

t = number of years = ?

t = log(A/P) / n[log(1 + r/n)]

= log(12000/6000) / 4[log(1+0.061/4)]

= log(2) / 4[log(1 + 0.01525)]

= 0.3010 / 4[log(1.01525)]

= 0.3010 / 4(0.00657)

= 0.3010 / 0.02628

= 11.45 years

You might be interested in
Simplify 9-2 divided by 1/3 •3 + 18
V125BC [204]
Hello!

<span>9 - 2 x 3 x 3 + 18

9 - 18 + 18

=9
9 is your answer.
Enjoy.

Brainliest please?
<span>
</span></span>
8 0
3 years ago
Read 2 more answers
24. The original price of a DVD is $9. The sale price is 20% off
olasank [31]

20/100 = 0.20

0.20 * 9 = 1.8

9 - 1.8 = 7.2

The sale price of the DVD is $7.20.

7 0
3 years ago
Read 2 more answers
What is the equation of the circle shown in the graph?<br> 6 9 12 36
Naddika [18.5K]
You need to add a picture in order for others to understand what you are referring to.
4 0
2 years ago
Write the equation of a polynomial of degree 3, with zeros 1, 2 and -1 where f(0)=2
ser-zykov [4K]

Answer:

f(x) = x^3 - 2x^2 - x + 2

Step-by-step explanation:

since the zeroes are 1,-1, and 2. we can write the function like

f(x) = (x-1)(x+1)(x-2)

f(x) = (x^2-1)(x-2)

f(x) = x^3 -2x^2 -x +2

and it is true that f(0)=2

4 0
3 years ago
What is the z-score for a patient who takes 7 days to recover? (choose the closest possibility.)
Kisachek [45]

Based on the time it took the patient to recover and the mean and standard deviation, the z-score is 1.5.

<h3>What is the z-score?</h3>

The z-score for this patient who takes 7 days to recover can be found as:

= (Time taken to recover - Mean) / Standard deviation

Solving for the z-score gives:

= (7 - 5.2) / 1.2

= 1.8 / 1.2

= 1.5

The first part of the question is:

The patient recovery time from a particular surgical procedure is normally distributed with a mean of 5.2 days and a standard deviation of 1.2 days.

Find out more on the z-score at brainly.com/question/25638875

#SPJ4

5 0
2 years ago
Other questions:
  • Amy regularly works 20 hours per week at Pook's Dry Cleaners from Monday through Friday. She earns $15.50 per hour and receives
    13·1 answer
  • a round swimming pool has a circumference of 66 feet. Carlos wants to buy a rope to put across the diameter of the pool. the rop
    8·1 answer
  • What is the common difference is this sequence: 5,17,29,41,53?
    8·1 answer
  • Write an equation in point-slope form of the line having the given slope that contains the given point. m=5/6m=5/6m (30,12)(30,1
    5·1 answer
  • A card is drawn at random from a standard deck of 52 cards. Find the following conditional probabilities. ​a) The card is a diam
    8·1 answer
  • (2,5) and (3/2 ,2) find the slope of the line passing through the points.
    13·1 answer
  • The number which is divisible by both 3 and 9 is ______ *
    6·1 answer
  • BJ = 2x+ 1<br> BF = y + 1<br> AG = 2y – 3 = ? feet<br> BG = 6x -2.5 =? feet
    7·1 answer
  • Helpppp match each of the following equations according to their slope and y-intercept
    11·1 answer
  • I WILL GIVE 20 POINTS TO THOSE WHO ANSWER THIS QUESTION RIGHT NOOOO SCAMS AND EXPLAIN WHY THAT IS THE ANSWER
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!