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
Paha777 [63]
3 years ago
12

John has 5,000 to invest in a saving account that has interest compounded annually. If he wants his money to double in 8 years w

hat percent must the interest rate be on the account ?
Mathematics
2 answers:
ololo11 [35]3 years ago
7 0

hi

5 000 * X ^(8) =  10 000

             x^(8) =  10 000 / 5000

             x ^(8)=  2

            x =  2^(1/8)

            x≈ 1.09

intrest rate must be  9%

NemiM [27]3 years ago
3 0

Answer: The interest rate is 6.25%

Step-by-step explanation:

You have to use the formula interest x 100 / Principal  x Time which is 5,000 x 100/8 x 10,000 which will give 6.25%.

You might be interested in
The Sequence of -2,-14,-26,-38
icang [17]

Answer:

-12

Step-by-step explanation:

Since we can subtract 12 from -2 and get -14, we might try subtracting 12.

5 0
3 years ago
According to the latest survey the mean world lifespan is 68.8 years the university of Oregon wants to see if the average life s
pishuonlain [190]

Answer:

Step-by-step explanation:

We would set up the hypothesis test.

For the null hypothesis,

µ = 68.8

For the alternative hypothesis,

µ ≠ 68.8

This is a two tailed test.

Since the number of samples is small and no population standard deviation is given, the distribution is a student's t.

Since n = 26,

Degrees of freedom, df = n - 1 = 26 - 1 = 25

t = (x - µ)/(s/√n)

Where

x = sample mean = 72.8

µ = population mean = 68.8

s = samples standard deviation = 2.5

t = (72.8 - 68.8)/(2.5/√26) = 8.16

We would determine the p value using the t test calculator. It becomes

p < 0.00001

Assuming a significance level of 0.05, then

Since alpha, 0.05 > than the p value, then we would reject the null hypothesis. Therefore, At a 5% level of significance, the sample data showed significant evidence that the average life span of the residence of Oregon differs from the world average.

4 0
3 years ago
At a baseball game, a vender sold a combined total of 240 sodas and hot dogs. The number of sodas sold was two times the number
olga55 [171]

Answer:

Sodas: 160

Hot Dogs: 80

Step-by-step explanation:

Sodas: s

Hot Dogs: d

s+d=240

s=2d

3d=240

d=80

s=160

7 0
4 years ago
How would i graph f(x)=|2x+2|−1 ?
anastassius [24]
I have attached the graph.  I did this using desmos.com.  Try it out sometime.  I hope that helps.

3 0
3 years ago
Graph the following number on a number line.<br> -15/8
expeople1 [14]

Answer:

answer a because -15/8 is -1.875

5 0
4 years ago
Other questions:
  • Which one of these numbers is different? 25,16,49,63,81
    6·2 answers
  • F(x)=x+4and g(x)=x^3,what is (g f)(-3)
    9·2 answers
  • Please answer both questions and show all your work. Thank you!!! :)
    11·2 answers
  • I need to know the answer and how to get it
    12·2 answers
  • Fine the value of m-8 when m=15
    15·2 answers
  • PLEASE HELP!! !:((( Which value for x makes the sentence true?
    15·1 answer
  • How much must you deposit in an account that pays 7% annual interest compounded yearly to have a balance of $550 after 5 years?
    10·1 answer
  • Hiii need help again thank youuu:)
    8·1 answer
  • Given that, 1 Chinese yuan = £0.13, convert £314 into Chinese yuan. Give
    12·1 answer
  • A scientist plans to study exotic birds in the rain forest. The helicopter
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!