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egoroff_w [7]
3 years ago
8

Suppose you deposit $5,000 in a savings account that earns 3% annual interest. If you make no other withdrawals or deposits, how

many years will it take the account balance to reach at least $6,000? A. 10 years. B. 6 years. C. 7 years. D. 4 years
Mathematics
2 answers:
Flura [38]3 years ago
8 0
Taking into consideration that the interest is compound (yearly) 
the amount of money gather through the years can be calculated by 

A = P (1+r)^(t)
6000 = 5000 (1.03)^t

t = ln(6000/5000)/ln(1.03) = 6.16 ≈ 7

c. 7 years
tino4ka555 [31]3 years ago
8 0
You need to use the equation y=p(1+r)^t where p= the principle (initial amount), r= the rate of decay or growth, and t= the time. So y=5,000(1.03)^x is the equation you'd want to use. At 6 years you'd have $5,970.3 and at 7 $6,149.40, so the answer is C.
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Svetradugi [14.3K]
You do the following.

Take the price of the most expensive subscription and retract the price of the cheap one.

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4 0
3 years ago
The half-life of caffeine in a person’s bloodstream is about 6 hours. If a person’s bloodstream contains 80 milligrams of caffei
Luda [366]
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5 0
3 years ago
I need to find the perimeter and area of the regular polygon.
mezya [45]
The area of a polygon is given by the formula Area = ap/2 where a is the length of the apothem and p is the perimeter. The apothem is a line from the center of the polygon perpendicular to a side.

Depending on the formula you know, you can find the length of a side in 1 of 2 ways. 

The first way uses a triangle. Using the radius of the polygon you can create 8 congruent triangles. The center angle will be 360 / 8 = 45 and two side lengths of 20. You can find the length of the base using the law of cosines.

c^2 = 20^2 + 20^2 - 2(20)(20)(cos 45)
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The second way is to use this formula:
r = s / (2 sin(180 / n))
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We need to calculate the perimeter. As there are 8 sides (8)(15.31) = 122.48
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a = S / (2 tan (180 / n)
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perimeter = 122.48
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7 0
3 years ago
Find the LCM<br> of 9 and 27.
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Answer:

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6 0
3 years ago
Read 2 more answers
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8 0
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