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Black_prince [1.1K]
3 years ago
8

If Siddiq invests $10,000 into a fund that earns 8% interest compounded annually, how long will it take for his investment to gr

ow into $100,000?
About 25 years

About 30 years

About 40 years

About 35 years
Mathematics
1 answer:
Gemiola [76]3 years ago
7 0

Answer: About 30 years

Step-by-step explanation:

We would apply the formula for determining compound interest which is expressed as

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

Where

A = total amount in the account at the end of t years

r represents the interest rate.

n represents the periodic interval at which it was compounded.

P represents the principal or initial amount deposited

From the information given,

P = 10000

r = 8% = 8/100 = 0.08

n = 1 because it was compounded once in a year.

A = 100000

Therefore,

100000 = 10000(1+0.08/1)^1 × t

100000/10000 = (1.08)^t

10 = (1.08)^t

Taking log to base 10 of both sides, it becomes

Log 10 = log 1.08^t

1 = t × log 1.08 = 0.03342t

t = 1/0.03342

t = 29.9

Approximately 30 years

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kati45 [8]
First substitute y=5x+7 so that would turn into 5x+7=6x

Then, isolate/solve for x for 5x + 7 = 6x, in this problem x=7

Substitute x=7 into y=5x+7

y=42


x=7, y=42
(7,42)


6 0
3 years ago
Please help me!
marusya05 [52]

Answer:


Step-by-step explanation:

Nice summary problem.

<AEC

  • AEC = 360 - 243.5 = 116.5    
  • The number of degrees in 1 rotation of a circle = 360o. You have accounted for 243.5 degrees. What is left over is the answer.

<EAD and <ECD

Both of these are tangents to a circle. Tangents meet radii at 90 degree angles.

<EAD = <ECD = 90 degrees

<ABC

<ABC is 1/2 the central angle. The Central angle is <AEC

  • < AEC = 116.5
  • <ABC = 1/2 * 116.5
  • <ABC = 58.25

<ADC

There are 2 ways of doing this. You should know both of them.

<em><u>One</u></em>

All quadrilaterals = 360 degrees. You know three of the angles. You should be able to find ADC

  • <ADC + 90 + 90 + 116.5 = 360     Add the four angles together.
  • <ADC + 296.5 = 360                   Combine terms on the left
  • <ADC = 360 - 296.5                    Subtract 238.25 from both sides
  • <ADC = 63.5                                 Answer

<em><u>Method Two</u></em>

<ADC = 1/2 (major Arc - Minor Arc)  This formula is fundamental to circle / tangent properties. The Major arc is the larger of the two parts of the circumference of a circle. The Minor arc is the smaller.

  • <ADC = 1/2(243.5 - 116.5)
  • <ADC = 1/2(127)
  • <ADC = 63.5
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Evaluate: (d + 1)(d - 1 + 6) <br> d = 2
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f(2)=(3)(7)
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3 years ago
If a machine that prints designs on T-shirts prints 500 shirts in 3 hours, how many hours will it take to print designs on 1,800
LuckyWell [14K]

500 shirts / 3 hours = 166 2/3 shirts per hour.

Divide total shirts by shirts per hour:

1800 / 166 2/3 = 10.8 hours.

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An eight-sided die, which may or may not be a fair die, has four colors on it; you have been tossing the die for an hour and hav
Romashka [77]

Answer:

Probability of an Orange on the next toss

= (23/60) = 0.3833

Step-by-step explanation:

Orange: 46

Brown: 23

Green: 32

Yellow: 19

Probability of an Orange on the next toss

= n(orange colours obtained in the tosses) ÷ n(number of tosses)

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Hope this Helps!!!!

4 0
3 years ago
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