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
katrin2010 [14]
3 years ago
13

Math Help Please explain the questions How long will it take for the balance of an account to double if the savings account earn

s 0.75% annual interest compounded monthly? Hint: Set up the problem using the formula: = (1 + r/n).                                      Solve. Give BOTH the exact answer and approximate answer for x. The attachment is below for this second question.                                                                                                          Write as a single logarithm.
                 4 ∙ log3 + log2

Mathematics
1 answer:
Scorpion4ik [409]3 years ago
5 0
(See attached formula)
Years = log (total / principal) / n*log(1 + rate/n) where n = compounding periods per year
Years = log (total / principal) / n*log(1 + rate/n)
Rate of .75% = .0625 per month
We'll say we want total = 200 and principal = 100
Years = log (200 / 100) / 12*log(1 + rate/n)
Years = log (2) / 12 * log (1 + .0625/12)
Years = <span> <span> <span> 0.3010299957 </span> </span> </span> / 12 *  <span> <span> <span> 0.0022560803 </span> </span> </span> <span><span> </span> </span>
Years = <span> <span> 0.3010299957 </span> </span> / <span> <span> <span> 0.0270729635 </span>
Years = </span></span><span><span><span>11.1192110871 </span> </span> </span>
I don't think that's right
The interest rate is REALLY low. (Less than 1%)
Rate = .75 and .0075 when in a formula
Years = log (2) / 12 * log (1 + .0075/12)
Years = log (2) / 12 * log( <span>1.000625</span>)
Years = <span> <span> <span> 0.3010299957 </span> </span> </span> / 12 * <span> <span> <span> 0.0002713493 </span> </span> </span>
Years = <span><span><span> <span> 0.3010299957 </span> </span> / 0.0032561912 </span>
</span>Years = <span><span><span>92.4485010892
THAT seems a more likely answer with such a low interest rate.
</span> </span> </span>

You might be interested in
PLSSS HLEPP ME OUTT ITS URGENTTTT​
Step2247 [10]

Answer:

Step-by-step explanation:

(1860-11)=1849

√(1849) = 43

(A quick trial)

7 0
2 years ago
Inequality As a sales person you are paid $50.00 per week plus $3.00 per sale
GarryVolchara [31]

Answer:

Weekly pay = 3x + 50

Step-by-step explanation:

x is the number of sales made during the week

5 0
3 years ago
a square pyramid has a base with a side length of 4 feet and lateral faces with heights of 3 feet. whay is the lateral area of t
Nastasia [14]
The answer would be 6 because you need to multiply the L by the H divided by to: 4x3+12    12/2  +6

3 0
3 years ago
How will I explain this? Someone help
QveST [7]

Answer:

the answer is 11

Step-by-step explanation:

u do what is in the parentheses first then u multiply it by 4 than u add that to the answer of 8 divided by 2 than u subtract that by 5  

6 0
3 years ago
Read 2 more answers
A rectangular piece of cheese is 9 centimeters long is 5 centimeters wide. What is the perimeter
denis23 [38]

Solution:

<u>We know that:</u>

  • Perimeter of rectangle = 2L + 2B

<u>Given:</u>

  • L = 9 cm
  • W = 5 cm

<em>Substitute the values into the expression to find the perimeter.</em>

  • Perimeter of rectangle = 2L + 2B
  • => 2(9) + 2(5)
  • => 18 + 10
  • => 28 cm
6 0
2 years ago
Read 2 more answers
Other questions:
  • How do you solve the equation -3 1/3 = -1/2g
    10·1 answer
  • F(x)=(−x−2)(−2x−3) find the first solution and then the second
    11·1 answer
  • In Europe, 53% of the flowers of the Rewardless Orchid, Dactylorhiza sambucina, are yellow, whereas the remaining flowers are pu
    7·1 answer
  • Un cilindro de radio 2 m. rueda hasta que
    7·1 answer
  • 3. Mrs Green bakes muffins.
    10·1 answer
  • The number of residents in a city is 57,000 people. The population is increasing each
    7·1 answer
  • Which number line represents the solution to the inequality x - 3 &gt; 2
    5·1 answer
  • What is the standard form of twenty-one and six hundred thirty-four thousandths
    7·1 answer
  • Victor picked 18 peaches. Rita picked p times as many peaches as Victor. Choose the expression that shows how many peaches Rita
    13·1 answer
  • Which relationships describe angles 1 and 2?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!