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
jek_recluse [69]
3 years ago
13

You decide to put $100 in a saving account to save for a $3000 down payment on a new car. if the account has an interest rate of

2%per year and is compounded monthly, how long does it take you to earn $3000 without depositing any additional funds.
a) 170.202 yrs
b) 14.3129 yrs
c) 171.755 yrs
d) 168.354
Mathematics
1 answer:
valkas [14]3 years ago
4 0
Hi there
The formula is
A=p (1+r/k)^kt
A future value 3000
P present value 100
R interest rate 0.02
K compounded monthly 12
T time?
We need to solve for t
T=[log (A/p)÷log (1+r/k)]÷k
T=(log(3,000÷100)÷log(1+0.02÷12))÷12
T=170.202 years

So it's a
Hope it helps
You might be interested in
Factor the expression using the GCF.<br> The expression 18a-12 factored is
Dafna1 [17]

Answer: 6(3a-2)

Step-by-step explanation:

The greatest common factor (GCF) of 18a and -12 is 6. Therefore,

18a-12=6()=6(3a-2)

3 0
2 years ago
Read 2 more answers
Expand completely using the Binomial Theorem<br> (3y - x)^4
AleksAgata [21]

Answer:

In standard form it is x^4 - 12x^3y + 54x^2y^2 - 108x y^3 + 81y^4.

Step-by-step explanation:

(3y)^4 + 4C1(3y)^3(-x) + 4C2(3y)^2(-x)^2 + 4C3(3y)(-x)^3  + (-x)^4

= 81y^4 - 108y^3x + 54y^2x^2 - 12yx^3 + x^4

4 0
3 years ago
Which length is 10 6 times greater than a nanometer?
crimeas [40]
A nanometer (nm) is 10⁻⁹ m.

Therefore
10⁶ x 1 nm = 10⁶(10⁻⁹ m) = 10⁻³ m

By definition,
10⁻³ m = 1 mm (millimeter)

Answer: 1 millimeter
8 0
3 years ago
Hey you ‼️ yeah I unfortunately need your help again these are hard:(
Helga [31]

Answer:

Step-by-step explanation:

The point of this question is to find out the point where two lines intersect. First we need to get the equation of those lines

Slope of line 1:

(Yb -Ya)/(Xb - Xa) =

(-10 - (-14))/(-1 - (-3)) =

4/2 =

2

Use that slope to find the Y-intercept of line 1

y = 2x + b

-14 = 2(-3) +b

-14 = -6 + b

-8 = b

Therefore Line 1 is:

y = 2x - 8

Slope of line 2

(11 - 13)/(-1 - (-3)) =

-2/2 =

-1

Y-intercept of line 2

y = -x + b

13 = -(-3) +b

13 = 3 + b

10 = b

Therefore line 2 is

y = -x + 10

Now we have 2 equations to solve for the coordinates x and y

y = 2x - 8

y = -x + 10

Substitute y out in one of the equations

2x - 8 = -x + 10

3x = 18

x = 6

Plug x into one of the equations

y = 2(6) - 8

y = 12 - 8

y = 4

Therefore the solution is:

x=6, y=4

8 0
3 years ago
Read 2 more answers
The surface area of a rectangular prism that has height of 4 inches, width of 9 inches and length of 3 inches = ____________ in2
nevsk [136]

Answer:

150

Step-by-step explanation:

S.A.=2(wl+hl+hw)=

2((3x9)+(4x3)+(4x9))

2(27+12+36)

2(75)

150

8 0
2 years ago
Read 2 more answers
Other questions:
  • Does anyone know the right set up for this equation?
    15·2 answers
  • Shelly drove 320 miles in 8 hours. Maurice drove 230 miles in 5 hours. who drove at a faster rate? how much faster?
    8·2 answers
  • Patrick is collecting data on shoe size. What type of data is this?
    13·1 answer
  • the circle is centered at the point (3,2), and the length of its radius is 5. what is the equation of the circle?
    12·2 answers
  • Find the distance between the points given.<br><br> (0, -6) and (9, 6)
    10·2 answers
  • There are 6 girls and 18 boys in a class. What percentage of the class are girls?​
    13·2 answers
  • A restaurant owner creates an advertisement promising $25 to take part in a food taste testing trial. The owner selects the firs
    15·1 answer
  • Question 10 of 10
    5·1 answer
  • Express (8 - 3sqrt(2))/(4 + 3sqrt(2)) in the form of a + b * sqrt(2) where a and b are integers.​
    6·1 answer
  • Which statement is correct?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!