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Inessa [10]
3 years ago
13

A person invests $2,740 in an account that earns 4.3% annual interest. Find when the value of the investment reaches $7,000. If

necessary, round to the nearest tenth. the investment will reach $7,000 in approximatelyyears.
Mathematics
1 answer:
Juli2301 [7.4K]3 years ago
3 0

So, to set up your equation is the hardest part. If you remember the basic format, you're set.

I(t) = P * (1+r%)^t

t= time and this will be our variable

Initial amount P = $2740

Rate = 4.3% which converts numerically into .043

I(t) = 7000

Before we get to find out how to find how many years it takes to get to $7000, set up the basic equation by plugging in what we know.


I(t) = $2740(1+4.3%)^t

I(t)=2740(1.043)^t

Now plug in for $7000 for I(t)

7000=2740(1.043)^t                 Divide both sides by 2740

7000/2740 = 2740/2740(1.043)^t

2.55474453=(1.043)^t

Now you can solve for t in two ways. You can either use the natural log or graph it on your graphing calculate and see when the two equations meet.

In your calculator you can set up:

ln(2.55474453)/ln(1.043) = t                 which is the method I prefer since it's much simpler

t=22.278528

but you can also graph it in your ti-84

with

y1=2.55474453

y2=(1.043)^x

and find where they intersect on the graph.

either way it'll be the same answer

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Pleasee help, thank you so much
dezoksy [38]

Answer:

-2

Step-by-step explanation:

Use the slope formula when given two points

Slope formula = \frac{y_2-y_1}{x_2-x_1}

( the x and y values are determined by the given points )

Given the points ( 0 , 5 ) and ( 1 , 3 )

Plug in the x and y values of the given points into the formula

( remember y values on top x values on bottom )

slope=\frac{5-3}{0-1} \\5-3=2\\0-1=-1\\slope=\frac{2}{-1} =-2

Hence, the answer is D

5 0
3 years ago
VOCABULARY Is 5 in the solution set of x + 3 >8 ?
Gennadij [26K]

Answer:

d. no; If x is 5, the expression on the left simplifies to 8, making the inequality false.

3 0
3 years ago
I want to run 4 1/2 miles tonight. If I know running around my block is 3/5 of a mile, how many times should I run around the bl
sukhopar [10]
3/5 block mile is also 0.6 block mile
4 1/2 miles is also 4.5 miles

How many 0.6mi blocks do you run to run 4.5 miles?

4.5miles/0.6block mi = 7.5 or 7 1/2 blocks will equal 4.5 or 4 1/2 miles.

Check 7.5 blocks x 0.6 block mi = 4.5 miles

Same as you know one quarter equals $0.25 cent. And how many do you need to make one dollar that equals $1.00 ?

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3 0
3 years ago
What is the sign of the product (–7)(–2)(–5)(1)?
zubka84 [21]
The product would be negative. Since there are three negative integers, the product would be negative. Two negatives make a positive, but another negative makes the end result negative.
4 0
3 years ago
Read 2 more answers
What is four over nine equal A over 45
QveST [7]
Answer: A = 20


How to Solve:

Just by looking at this problem I can tell that the denominators (9 an 45) are factors of 9. So the second equation is multiplied by 5 from the first equation.

4/9 x 5

4 x 5 = 20
— -—
9 x 5 = 45

So A would be 20.


Another way to solve this would be by multiplying the 1st equations numerator with the second equations denominator:

4 x 45 = 180

Then divide 180 with the 1st equation’s denominator.

180 / 9 = 20

A = 20
5 0
3 years ago
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