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
Marta_Voda [28]
2 years ago
9

Briana invested $12,500 into a fund that is expected to grow by 5.25% per year. How long with it take the fund to be worth $25,0

00? Round to the nearest year.
A) 2 years
B) 12 years
C) 14 years
D) 10 years
Mathematics
2 answers:
Anastaziya [24]2 years ago
5 0
The answer is C) 14 years.
Plug it in to check:
12500(1+0.0525)^14
12500(2.05) = 25,587.01 (rounded to 25000)
AURORKA [14]2 years ago
3 0

Answer:

14 years

Step-by-step explanation:

Principal = $12,500

Rate = 5.35%

Amount = $25,000

Now we are supposed to find the time

Formula : A =P(1+\frac{r}{n})^{nt}

Where A = amount = $25,000

P = principal = $12,500

r = rate of interest in decimal = 0.0525

n = no. of compounds per year = 1

Substitute the values :

25000 =12500(1+\frac{0.0525}{1})^{t}

25000 =12500(1.0525)^{t}

\frac{25000}{12500} =(1.0525)^{t}

2=(1.0525)^{t}

Taking log both sides

\log 2 = t \log(1.0525)

\frac{\log 2}{\log 1.0525} = t

13.5464 = t

So, t = 13.5464 years ≈ 14 years

Thus it will take 14 years for the fund to be worth $25,000.

You might be interested in
hey guys please help me I will mark you brainliest and I’ll really appreciate it ! ( only if right) (: have a good day or night
worty [1.4K]
I’d say it’s 2/1 since the rise is 2 and the run is 1 and slope I believe is rise/run. It’s been awhile So I’m not too sure this is the right answer. I hope it is.
8 0
2 years ago
List the domain and range if the relation {(0,2),(4,3),(5,5),(4,7)}
lyudmila [28]
(x,y)

domain is inputs (normally x or first number)
range is outputs from the given domain (normally y or second number)

domain is just all the first numbers
range is all the second numbers
ignore repeats


domain: {0,4,5}
range: {2,3,5,7}
5 0
3 years ago
Read 2 more answers
EXTRA POINTS * how do you graph y=2x + 1
ahrayia [7]

Step-by-step explanation:

first u need to pick a random coordinate to substitute the X . example 0

y = 2(0) + 1

y =1 , X= 0

X= 1

y= 2(1) + 1

y= 3, X= 1

then you continue this same process and again until u have at least two points to draw a straight line. it kinda depended if u want to fill the entire graph.

3 0
3 years ago
Write the expression x^-5 in positive exponential form <br> Answer for brainliest!
vladimir1956 [14]

It's 1/x^5

Hope it helps

8 0
3 years ago
Read 2 more answers
1. You have two playing cards with a sum of (−12) in your hand.
Verdich [7]
Yes the person is right I was trying to type it but they beat me to it
3 0
2 years ago
Other questions:
  • What number gives a result of −1 when 99 is subtracted from the quotient of the number and 4
    9·1 answer
  • Subtract x/x^2-36-6/x^2-36
    8·2 answers
  • What is the reciprocal of 5/8
    10·1 answer
  • Plz help ill give u brainlist
    9·2 answers
  • Aika collected data from 10 randomly selected students about the amount of money they have saved. Her data is shown. 320, 190, 4
    15·2 answers
  • Given f(x) = 2x+5 and g(x) = -2x-2, evaluate: f(-2)
    12·1 answer
  • Someone pls help this is an emergency
    14·2 answers
  • What is the volume of the figure?<br> 10 cm<br> 5 cm<br> 8 cm<br> 2 cm
    12·1 answer
  • You bought 3 shirts for $12. How much would 5 shirts cost?
    11·2 answers
  • Can someone help me on this question please
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!