1/8y verbal expression

You decide to put $2,000 in a savings account to save for a $3,000 downpayment on a new car. If the account has an interest rate

DanielleElmas [232]

It takes 10.155 years until you have $3,000 ⇒ 3rd

Step-by-step explanation:

The formula for compound interest, including principal sum is:

$A=P(1+\frac{r}{n})^{nt}$ , where

A is the future value of the investment/loan, including interest
P is the principal investment amount
r is the annual interest rate (decimal)
n is the number of times that interest is compounded per unit t
t is the time the money is invested or borrowed for

∵ You decide to put $2,000 in a savings account

∴ P = 2000

∵ You want to save for $3,000

∴ A = 3000

∵ The account has an interest rate of 4% per year and is

compounded monthly

∴ r = 4% = 4 ÷ 100 = 0.04

∴ n = 12 ⇒ compounded monthly

- Substitute all of these values in the formula above to find t

∵ $3000=2000(1+\frac{0.04}{12})^{12t}$

- Divide both sides by 2000

∴ $1.5=(1+\frac{1}{300})^{12t}$

∴ $1.5=(1\frac{1}{300})^{12t}$

- Change the mixed number to an improper fraction

∴ $(1.5)=(\frac{301}{300})^{12t}$

- Insert ㏒ for both sides

∴ $log(1.5)=log(\frac{301}{300})^{12t}$

- Remember $log(a)^{n}=nlog(a)$

∴ $log(1.5)=(12t)log(\frac{301}{300})$

- Divide both sides by $log(\frac{301}{300})$

∴ 121.84 = 12 t

- Divide both sides by 12

∴ 10.155 = t

It takes 10.155 years until you have $3,000

Learn more:

You can learn more about the compound interest in brainly.com/question/4361464

#LearnwithBrainly

5 0

3 years ago

Consider 8x2 - 48x = -104. Write the equation so that a = 1: x2 + -6 x = -13 Complete the square: x2 – 6x + 9 = –13 + 9 Factor t

ICE Princess25 [194]

Answer:

The roots of the polynomial are;

3 + 2i

and 3-2i

Step-by-step explanation:

Here, we want to solve the given polynomial using the completing the square method

We start by dividing through by 8

This will give;

x^2 - 6x = -13

To complete the square, we simply divide the coefficient of x by 2 and square it

We have this as -6/2 = -3

square it;; = (-3)^2 = 9

Add it to both sides

x^2 - 6x + 9 = -13 + 9

x^2 - 6x + 9 = -4

(x-3)^2 = -4

Find the square root of both sides

x-3 = ±2i

x = 3 + 2i

or x = 3-2i

8 0

3 years ago

Read 2 more answers

Drag each tile to the correct box. Not all tiles will be used.

givi [52]

Answer:

(20 + 60) + (3 + 7) + (0.4 + 0.3) + (0.05 + 0.01)

6 0

3 years ago

1. Use the given key to answer the questions.

Eduardwww [97]

Answer:

please where is the diagram

8 0

2 years ago

Add or subtract. Write the result in the form a+bi

STALIN [3.7K]

Number 1: (-1+2i)+(6-9i)

$Group\:the\:real\:part\:and\:the\:imaginary\:part\:of\:the\:complex\:number\\\left(a+bi\right)\pm \left(c+di\right)=\left(a\:\pm \:c\right)+\left(b\:\pm \:d\right)i\\=\left(-1+6\right)+\left(2-9\right)i\\=5-7i$

Number 2: (3-3i)-(4+7i)

$Group\:the\:real\:part\:and\:the\:imaginary\:part\:of\:the\:complex\:number\\\left(a+bi\right)\pm \left(c+di\right)=\left(a\:\pm \:c\right)+\left(b\:\pm \:d\right)i\\=\left(3-4\right)+\left(-3-7\right)i\\Refine\\=-1-10i$

Number 3: (-5+2i)+(-2+8i)

$Group\:the\:real\:part\:and\:the\:imaginary\:part\:of\:the\:complex\:number\\\left(a+bi\right)\pm \left(c+di\right)=\left(a\:\pm \:c\right)+\left(b\:\pm \:d\right)i\\=\left(-5-2\right)+\left(2+8\right)i\\Refine\\=-7+10i$

8 0

3 years ago