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s2008m [1.1K]
3 years ago
8

Which of these is closest to the time in years that it will take an investment to triple when it is invested in an account that

pays 5.4% annual interest, compounded monthly?
20.4 years
20.9 years
2.1 years
0.25 year
Mathematics
1 answer:
kkurt [141]3 years ago
5 0

Answer:

20.4 years

Step-by-step explanation:

The nper formula in excel comes handy in this scenario:

=nper(rate,pmt,-pv,fv)

Rate is the monthly rate of 5.4%/12

Assuming actual investment is $5,000 which is pv

The triple amount would be $5,000*3=$15,000 which is future value fv.

pmt is the regular cash flow the investment which is zero

=nper(5.4%/12,0,-5000,15000)= 244.68  months

Yearly it can be expressed as = 244.68/12  =20.39  years

When rounded to one decimal place it becomes 20.4 years

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Greg spent 6.4 hours working with his dad one Saturday. If his dad paid him$45.76, how much did Greg make per hour?
nordsb [41]

Answer:

$7.15

Step-by-step explanation:

The best way to solve this is by crossing out the data you don't need so you're left looking at the key pieces to put the equation together. If his dad paid him $45.76 for 6.4 hours, then all you need to do is divide 45.76 by 6.4. (Hint: Use a calculator, it makes it ten times faster than trying to write it out!)

45.76 ÷ 6.4 = 7.15

So Greg made $7.15 an hour working with his dad.

6 0
3 years ago
¿PLEASE ANSWER ALL FAST?
koban [17]

Answer:

The word "Of" in an equation is interpreted to be multiplication. Also, you must move the decimal two places to the left to change a percent to a decimal.

1. 20 * .12 = 2.4

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3. 300 * .25 = 75 Blue marbles

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8 0
3 years ago
Solve with a system of equations: Two angles are supplementary if the sum of their measures are 180 degrees. If one is 90 degree
julsineya [31]

Answer:

  The measures of the angles are 150° and 30°.

Step-by-step explanation:

Let x and y represent the measures of the angles, with x representing the larger angle.

  x + y = 180 . . . . . . the two angles are supplementary

  x = 90 + 2y . . . . . one is 90° more than twice the other

___

Substituting the expression given by the second equation into the first, we have ...

  (90 +2y) +y = 180

  3y = 90 . . . . . . . . . . collect terms, subtract 90

  y = 30 . . . . . . . . . . . divide by the coefficient of y

  x = 180 -y = 150

The measures of the angles are 150° and 30°.

6 0
4 years ago
the probability that Jenya receives spam email is 4%.if she receives 520 email in a week about how much will be spam
wariber [46]
520*.04=20.8, or closer to 21 spam emails.
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3 years ago
BRAINLIEST ANSWER Twice the difference of a number and 4 is equal to three times the sum of the number and 6. Find the number.
Lubov Fominskaja [6]

Answer: -26

Step-by-step explanation:

2(n - 4)= 3(n + 6)

2n -8 = 3n + 18  

     +8          +8

2n = 3n + 26

-3       -3

-1n = 26

n= -26

8 0
3 years ago
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