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Reptile [31]
3 years ago
12

Olivia deposited $2,136.70 into a saving account with an interest rate of 2.7% compounded quarterly. About how long will it take

for the account to be worth $4,000?
Mathematics
2 answers:
Kobotan [32]3 years ago
5 0

Answer:

23.26 years

Step-by-step explanation:

Use the compound interest formula:

A = P ( 1 + \frac{r}{100n} )^{nt}

A =  final amount

P =  initial principal balance

r =  interest rate

n =  number of times interest applied per time period

t =  number of time periods elapsed

P = $2,136.70

r = 2.7

n = 4

A = $4,000

Now we plug everything in and solve for t.

$4,000 = $2,136.70 (1 + \frac{2.7}{100 * 4} )^{4t}

$4,000 = $2,136.70 (1 + .00675 ) ^{4t}

$4,000 = $2,136.70(1.00675)^{4t} Divide each side by $2,136.70

$4,000/$2,136.70 = (1.00675)^{4t}

1.87 = (1.00675)^{4t}

log (1.87) = log (1.00675)^{4t}

log 1.87 = (4t) (log 1.00675)  Divide each side by (log 1.00675)

\frac{log 1.87}{log 1.00675} = 4t

93.044 = 4t Divide each side by 4.

93.044/4 = t

23.26 = t

23.26 years

mariarad [96]3 years ago
4 0

Answer:

23.3 years

Step-by-step explanation:

4000 = 2136.7(1 + .027/4)^(4t)

4000 / 2136.7 = 1.00675^4t

ln (4000 / 2136.7) / ln 1.00675^4 = t

23.301690290541729158877031400229 = t

23.3 years

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o-na [289]
It should show 2:45. You can use 12 hr increments to get you back to 10:45 and 12 goes into 100 nine times bringing it to 96. Because of that you have 4 more hours to add to 10:45 and that brings you to 2:45.
4 0
3 years ago
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Prove: Every point of S=(0, 1) is an interior point of S.
myrzilka [38]

Answer:

Proved

Step-by-step explanation:

To prove that every point in the open interval (0,1) is an interior point of S

This we can prove by contradiction method.

Let, if possible c be a point in the interval which is not an interior point.

Then c has a neighbourhood which contains atleast one point not in (0,1)

Let d be the point which is in neighbourhood of c but not in S(0,1)

Then the points between c and d would be either in (0,1) or not in (0,1)

If out of all points say d1,d2..... we find that dn is a point which is in (0,1) and dn+1 is not in (0,1) however large n is.

Then we find that dn is a boundary point of S

But since S is an open interval there is no boundary point hence we get a contradiction. Our assumption was wrong.

Every point of S=(0, 1) is an interior point of S.

3 0
3 years ago
A sample of 300 urban adult residents of a particular state revealed 65 who favored increasing the highway speed limit from 55 t
forsale [732]

Answer and explanation:

Null hypothesis(H0) says sentiment for increasing speed limit in the two populations is the same

Alternative hypothesis(Ha) says sentiment for increasing speed limit in the two populations is different

Where p1 is the first population proportion =65/297= 0.22

And p2 is the second population proportion = 78/189= 0.41

P= p1+p2/n1+n2= 65+78/297+189= 0.29

Hence H0= p1-p2=0

Ha=p1-p2≠0

Test statistic= p1-p2/√p(1-p) (1/n1+1/n2)

= 0.22-0.41/√0.29(1-0.29)(1/297+1/189)

= -4.49

Critical value at 95% significance level= 1.96( from tables)

We therefore reject null hypothesis as critical value is greater than test statistic

Therefore the sentiment for increasing speed limit in the two populations is different

b. at proportions of 0.24 and 0.40 for p1 and p2 respectively

Test statistic = 0.24-0.40/0.29(1-0.29)(1/297+1/189)

= -3.78

P value is 0.0002 at 0.05 significance level

Hence probability =0.4998

7 0
3 years ago
Write in slope form 2y = 24 ​
AlekseyPX

Answer:

  y  = 12

Step-by-step explanation:

The equation of the expression is given as;

              2y  = 24

We are to write in slope form';

    In slope form, an equation is expressed as;

             y = mx + c

where y and x are the intercept

               m is the slope

                c is the intercept

Now to write 2y = 24 in intercept form, we have;

                 2y  = 24

  divide both sides by 2;

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3 0
2 years ago
your current wardrobe consists of eleven different items: three pairs of shoes, two pairs of pants, and six different shirts. yo
Alex73 [517]

<u>A </u><u>pair of shoes</u><u> gives us</u><u> 48 </u><u>different outfits.</u>

What is a linear equation?

  • A linear equation is an algebraic equation of the form y=mx+b, where m is the slope and b is the y-intercept, and only a constant and a first-order (linear) term are included.
  • The variables in the preceding equation are y and x, and it is occasionally referred to as a "linear equation of two variables." from Wolfram MathWorld: linear

We will employ the basic counting principle, which states that if one task can be completed in method A and another in way B, then both tasks may be completed in way A*B.

If mom buys 1 shirt, then total shirts(A) = 6+1 =7, total pants(B) = 2 and total shoes (C) = 3

By basic counting principle, number of outfits = A*B*C = 7*2*3 = 42 outfits possible

and

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By basic counting principle, number of outfits = A*B*C = 6*2*4 = 48 outfits possible

hence, buying a pair of shoes gives us 48 different outfits.

Learn more about linear equation

brainly.com/question/11897796

#SPJ4

6 0
1 year ago
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