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
Natali5045456 [20]
3 years ago
5

Nelson decides to invest $1,000,000 in a period annuity that earns 4.8% APR

Mathematics
1 answer:
Lyrx [107]3 years ago
6 0

Answer:

<h2> 21years</h2>

Step-by-step explanation:

Amount invested by Nelson = $1,000,000

Interest rate per month = 4.8%

Simple Interest = Principal * Rate * Time/100

simple Interest = $1,000,000 * 4.8 *(1/12)/100

simple Interest = $1,000,000 * 4.8/1200

simple interest = $4,000/ month

Simple interest for one year = $4,000*12 = $48,000

In order to determine the number of years it will take Nelson to earn back his initial investment, we will divide its initial investment by the interest earned on the investment yearly as shown;

amount of years =  $1,000,000/ $48,000

Amount of years = 20.8years ≈ 21years

You might be interested in
How many boards,each 2 ft and 8 inches long, can be cut from a board 16 inches long?
Keith_Richards [23]

Answer: 2

Step-by-step explanation: 16/8=2

5 0
3 years ago
Two angles are supplementary. One angle measures (3x + 2) degrees. The other angle measures twice that amount. What equation cou
nikdorinn [45]

Answer:

I do not know the equations given but here's my equation and solution:

9x = 174°

x = 19 1/9°

Step-by-step explanation:

(3x + 2) + 2(3x + 2) = 180°

3x + 2 + 6x + 4 = 180°

9x + 6 = 180°

9x = 174°

x = 19 1/9

If my answer is incorrect, pls correct me!

If you like my answer and explanation, mark me as brainliest!

-Chetan K

7 0
3 years ago
Harry solves the equation 1/3t = 15. He says the solution is 30. Is his answer correct? Fill in the blanks to explain how Harry
aksik [14]

Harry can first substitute 30 for t

He can then multiply \frac{1}{3} by 30 to get a product of 10

Since, 10 is not equal to 15, Harry's solution is not correct.

<em><u>Solution:</u></em>

Given that,

Harry solves the equation:

\frac{1}{3}t = 15

He says the solution is 30

We have to check if his answer is correct or not

<em><u>Fill in the blanks to explain how Harry can check whether his solution is correct</u></em>

Harry can first substitute 30 for t

\frac{1}{3} \times 30 = 15

He can then multiply \frac{1}{3} by 30 to get a product of 10

10\neq 15

Since, 10 is not equal to 15, Harry's solution is not correct

<em><u>Correct solution:</u></em>

\frac{1}{3}t = 15\\\\t = 15 \times 3\\\\t = 45

Thus correct solution is 45

5 0
3 years ago
Find the coordinates of P so that P partitions the segment AB in the ratio 2/5 if A(-8, -2) and B(6, 19)​
Aleksandr-060686 [28]

Answer:

P=(-4/5,34/5)

Step-by-step explanation:

P=2/5{(-8+6),(-2+19)}

P=2/5{-2,17}

P={-4/5,34/5}

7 0
3 years ago
Match the vector field f with the correct plot. f(x, y) = x, −y
Goshia [24]

Option b is true to match the vector field f with the given plot f(x, y)=x, -y

<h3>What is meant by a function?</h3>

The earliest known attempts at the concept of functions can be traced back to the work of the Persian mathematicians Al-Biruni and Sharaf al-Din al-Tusi. Originally, functions were idealized dependencies of one variable on another. For example, planetary positions are functions of time. Historically, this concept was developed in calculus towards the end of his 17th century, and the functions studied were differentiable (i.e. they had a high degree of regularity) until his 19th century ).

Given,

f(x, y) = x, -y

gt; at x⇒∞, y⇒-∞ downwards

at x⇒∞, y⇒+∞ downwards

Therefore, option b is true to match the vector field f with the given plot

f(x, y)=x, -y

To know more about function, visit:

brainly.com/question/24428416

#SPJ1

The complete question is as follows:

Match the vector field f with the correct plot. f(x, y) = x, −y

8 0
2 years ago
Other questions:
  • The binomial 10x +55 is equivalent to
    9·1 answer
  • The potential in a region between x = 0 and x = 6.00 m is V = a + bx, where a = 15.4 V and b = -5.10 V/m.
    9·1 answer
  • Which shapes have parallel sides
    10·1 answer
  • Rhonda has $315 in her saving account. She wants to save at least $585. Write and
    10·1 answer
  • PLEASE HELP 100 points and brainliest.<br> y= 3x — 5<br><br> y=6x — 8<br> solve with elimination
    15·1 answer
  • The sun of 2 numbers is 39 and their difference is 5. What is the larger number? Please also explain HOW TO get that answer!!!!
    9·1 answer
  • Ms. Martinez bought 36-pint sized containers of strawberry yogurt. How many gallons is that?
    13·1 answer
  • Instructions: Find UF if FR= 8.<br> Help please
    10·1 answer
  • Find the area a polygon jklmno
    8·1 answer
  • What is the image point of (2,7) after the transformation r y=-x R270?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!