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
Reptile [31]
3 years ago
13

You invest $6000 into an account paying 3.75% annual interest compounded bimonthly(every 2 months), and you want to have $10,000

saved for your first year of college. How long will it take for your investment to grow that large? Round your answer to the nearest whole number.
Mathematics
1 answer:
Effectus [21]3 years ago
4 0
The formula is
A=p (1+r/k)^kt

A future value 10000
P present value 6000
R interest rate 0.0375
K compounded every two months 6
T time?

We need to solve for t
T= [log (A/p)÷log (1+r/k)]÷k
T=(log(10,000÷6,000)÷log(1+0.0375÷6))÷6
T=13.7 years
Round your answer to get
T=14 years
You might be interested in
What is the definition of square root?
Mariana [72]
A square root is a number that produces a specific number when multiplied by itself. Basically it's the same number multiplied by itself.
hope this helps:)
6 0
3 years ago
Read 2 more answers
In the library at Lenape Elementary School, there are 3/8
antoniya [11.8K]
Your answer is 163⁄<span>200 i thinks because if this is adding yeah</span>
6 0
3 years ago
Read 2 more answers
When you write a numerical expression, how can ypu show which operation to do first?
Scrat [10]

Answer:

using PEMDAS

Step-by-step explanation:

P   parenthesis

E  exponents

M multiplication

D division

A addition

S subtraction

6 0
2 years ago
You originally draw a design for an art contest on a 4 in. x 5 in. card. The second phase of the contest requires the drawing to
Nutka1998 [239]
 as we know that <span>If the 4" side of the card was scaled up to 10.5
 then the scaling factor is 10.5/4 = 2.625. 
The 5 side would  be the length 5 x 2.625 = 13.125 which exceeds the maximum dimension of 11. 

Thus, it is the 5 side which is scaled up to 10.5 and the scaling factor is therefore 10.5/5 = 2.1. 
The scaled up length of the 4 side is thus 4 x 2.1 = 8.4.</span>
6 0
2 years ago
Rewrite the expression as the sum of two numbers<br> 3(1+3)
Alja [10]

Answer:

3 + 9

Step-by-step explanation:

Distribute the 3 to both numbers, so 3 x 1 = 3, and 3 x 3 = 9.

5 0
2 years ago
Other questions:
  • I need help again lol(picture is question)
    13·1 answer
  • What is the base word for tangible
    11·2 answers
  • A group of veterinarians at a major veterinary hospital was interested in investigating a possible link between enteroliths, sto
    5·1 answer
  • Compare and order the numbers below.
    9·1 answer
  • Need help asap!!<br> analyze the diagram below and answer the question that follows.
    15·1 answer
  • length of a rectangle is 4 inches less than its width, and its perimeter is 24 inches. Which of the following systems of equatio
    12·1 answer
  • A cooler contains 4 L of water. The cooler has marks on it at every 0.2 L. Water bottles are filled with water from the cooler,
    12·1 answer
  • There were 3 adults and 9 children on the bus. What was the ratio of adults to children? Enter your answer in reduced form.
    7·2 answers
  • Will give brainliest need help asap! pls :)
    13·1 answer
  • How do you factorise 2k + 10ak
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!