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
babymother [125]
3 years ago
13

9600 dollars is placed in an account with an annual interest rate of 5%. To the nearest year, how long will it take for the acco

unt value to reach 37800 dollars?
Mathematics
1 answer:
never [62]3 years ago
7 0

Answer: lt will take 28.09 years for the account value to reach $37800

Step-by-step explanation:

Hi, to answer this question we have to apply the compounded interest formula:

A = P (1 + r) t

Where:  

A = Future value of investment (principal + interest)  

P = Principal Amount  

r = Annual Nominal Interest Rate (decimal form)

Replacing with the values given

37800= 9600 (1+0.05)^t

Solving for t (years)

37800/9600 = 1.05^t

3.9375 = 1.05^t

log 3.9375 = log 1.05^t

log 3.9375 = t (log 1.05)

log 3.9375/log 1.05 = t

t = 28.09 years

You might be interested in
Why are there no properties of subtraction or division?
tia_tia [17]
There are no properties because you can do anything with subtraction and division
4 0
3 years ago
Of the students in the college, 60% of the students reside in the hostel and 40% of the students are day scholars. Previous year
Assoli18 [71]

Answer:

the probability that the student is a hostlier is 0.6923

Step-by-step explanation:

The computation of the probability that the student is a hostlier is shown below

= (0.60 × 0.30) ÷ (0.60 × 0.30) + (0.40 × 0.20)

= (0.18) ÷ (0.18 + 0.8)

= (0.18) ÷ (0.26)

= 0.6923

Hence the probability that the student is a hostlier is 0.6923

8 0
3 years ago
Read 2 more answers
In the triangle below, which equation can be used to solve for x?
krok68 [10]

Answer:

triangle VUW

angle V=75 degrees

angle U= 50 degrees

side VU= 13 ft

Step-by-step explanation:

8 0
3 years ago
A store is having a sale on jelly beans and almonds. For 2 pounds of jelly beans and 5 pounds of almonds, the total cost is $10
pickupchik [31]
 For this question it is going to be 80 $.
7 0
3 years ago
Suppose that the dollar cost of producing x radios is c(x) = 400 + 20x - 0.2x
Dmitry [639]
<span>cost of producing x radios is c(x) = 400 + 20x - 0.2x
where:
x=number of units
thus the cost required to produce 30 units will be given by
c(30)=400+20(30)-0.2(30)
c(30)=400+600-6
c(30)=994

Answer: Marginal cost will be $994</span>
6 0
3 years ago
Other questions:
  • On monday the temperature was 50 degrees the temperature increased by 22%. what was the temperature on tuesday.
    15·2 answers
  • Alon started in 60% of his team’s basketball games this season. He started a total of 12 games. How many games did Alon’s team p
    9·1 answer
  • Which of the following inequalities is graphed on the coordinate plane
    14·2 answers
  • Angles of a triangle
    13·1 answer
  • Given the triangle below, what is m<br> A. 46.2<br> B. 41.40<br> C. 48.4<br> D. 38.6°
    12·1 answer
  • I need help real bad please help
    11·2 answers
  • Find the slope of the line that passes through (-70, 84) and ( 69, -1).​
    8·2 answers
  • Examples:
    8·1 answer
  • Simplify and tell the function
    10·1 answer
  • Based on a sample survey, about
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!