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vlada-n [284]
4 years ago
6

Joe deposits $50,000.00 in an account that earns 8.3% simple interest. About how many years will it take for his account balance

to earn $80,000.00 in interest?
Select the best answer from the choices provided.



About 5 years



About 10 years



About 20 years



About 25 years
Mathematics
2 answers:
mestny [16]4 years ago
7 0
The answer is about 5 years
marissa [1.9K]4 years ago
5 0
T = 7.23 years (either 5 or 10, you choose)

Equation:
t = (1/r)(A/P - 1)
Calculation:
First, converting R percent to r a decimal
r = R/100 = 8.3%/100 = 0.083 per year,
then, solving our equation

t = (1/0.083)((80000/50000) - 1) = 7.23
t = 7.23 years

The time required to get
a total amount, principal plus interest, of $ 80,000.00
from simple interest on a principal of $ 50,000.00
at an interest rate of 8.3% per year
is 7.23 years (about 7 years 3 months).
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Svetllana [295]

Composing functions means that the input of the outer functions is the output of the inner function.

In fact, you can rewrite the circle notation as

(f\circ g)(x)=f(g(x)),\quad (g\circ f)(x)=g(f(x))

So, we can substitute g(x) with its expression:

(f\circ g)(x)=f(g(x))=f(4x+2)

And since f(x)=x+5, we simply have to add 5 to its input:

f(4x+2)=(4x+2)+5=4x+7

Similarly, we have, substituting f with its expression,

(g\circ f)(x)=g(f(x))=g(x+5)

And since g(x)=4x+2, we have to multiply the input by 4 and add 2:

g(x+5)=4(x+5)+2=4x+20+2=4x+22

7 0
3 years ago
It takes 10 road workers 5 days to complete a road repair when working 2 hours a day. Working at the same pace, how many days wi
Levart [38]

Answer:

10 days

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2 people work 5 hrs a day, so they deliver 10 manhours a day. To finish a work of 100 manhours,they’ll need 100/10=10 days.

The answer is 10 days.

6 0
2 years ago
A rectangular picture frame has an area of 45 square inches. If it has a length of 7 and 1/2 inches, what is its width?
svetlana [45]

Answer:

<h2>6</h2>

Step-by-step explanation:

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45/7.5 = 6

7 0
3 years ago
Read 2 more answers
HELP!!
Sergio [31]
It would end up being 2 dollars and 45 cents
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Hello!

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