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SIZIF [17.4K]
3 years ago
8

1400 dollars is placed in an account with an annual interest rate of 7.75%.To the nearest tenth of a year, how long will it take

for the account value to reach 6400 dollars?
Mathematics
2 answers:
mestny [16]3 years ago
6 0

Answer:

46 years 1 month

Step-by-step explanation:

Let us assume the investment is a simple interest investment

The simple interest formula is

A= P(1+rt)

Given

Principal p= $1400

Rate r= 7.75%= 7. 75/100= 0.0775

Final amount A = $6400

Time t=?

To find the time t let us substitute our values in the simple interest formula

6400= 1400(1+0.0775t)

6400= 1400+108.5t

6400-1400=108.5t

5000= 108.5t

t=5000/108.5= 46.08

t= 46.1 years

It will take approximately 46 years 1 month to get the amount

andrezito [222]3 years ago
5 0

Answer:

It'll take 20.36 years to reach that value.

Step-by-step explanation:

In order to find the time it'll take to achieve the final value, we need to apply the compounded interest formulla shown below:

M = C*(1 + r)^t

Where M is the final value, C is the initial value, r is the interest rate and t is the time elapsed. Applying the data from the problem in the equation, we have:

6400 = 1400*(1 + 0.0775)^t

6400 = 1400*(1.0775)^t

(1.0775)^t = 6400/1400

(1.0775)^t = 4.5714

ln(1.0775^t) = ln(4.5714)

t = ln(4.5714)/ln(1.0775)

t = 20.361

It'll take 20.36 years to reach that value.

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atroni [7]

Given:

Charlie bought a new computer for $450 with his credit card.

He plans to pay the minimum payment  of $25 per month.

To find:

The rate of change.

Solution:

Let y be the remaining amount of loan after x months.

Initial amount of loan = $450

Payment of one month = $25

Payment of x months = $25x

Now,

Remining amount = Initial amount of loan - Payment of x months

y=450-25x     ...(i)

The slope intercept form is

y=mx+b     ...(ii)

where, m is slope and b is y-intercept.

From (i) and (ii), we get

m=-25

Therefore, the rate of change is -25 dollars.

8 0
3 years ago
Please help me find the angle of these, Also show work if possible so i can use it for future lessons.
Vaselesa [24]

Angle 3 is

180-47-62=

100-9=

91 degrees

Angle two is

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Angle one is

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-Hunter

8 0
2 years ago
Can someone explain (with steps) how to rationalize the following expression?
insens350 [35]
F(x)=(-2/((x+y-2)^(1/2))-(x+y+2)^(1/2)
the only irrational part of this expression is the (x+y-2)^(1/2) in the denominator, so, to rationalize this, you multiply the numerator and denominator by the denominator, as well as the other parts of the expression
also, you must multiply the -sqrt(x+y+2) by sqrt(x+y-2)/sqrt(x+y-2) to form a common denominator
(-2)/(x+y-2)^(1/2)-(x+y+2)^(1/2)(x+y-2)^(1/2)/(x+y-2)^(1/2)
(common denominator)
(-2-(x^2+xy+2x+xy+y^2+2y-2x-2y-4))/(x+y-2)^(1/2)
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(-x^2-y^2-2xy+2)/(x+y-2)^(1/2)
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6 0
3 years ago
The rectangular prism below has a length of 18 inches, a width of 24 inches, and a height of 12 inches.
andrew11 [14]

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3 0
4 years ago
Population Growth The population P (in thousands) of Oriando,Florida from 1980 through 2009 can be modeled by p = 130e0.0205t,wh
svetoff [14.1K]

Answer: a) 236,000.

b) 2021

Step-by-step explanation:

Given : Population Growth The population P (in thousands) of Oriando,Florida from 1980 through 2009 can be modeled by p = 130e^{0.0205t}    (1)

where t = 0 corresponds to 1980.

Then , for 2009

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a. ⇒The population of Phoenix in 2009 =  p = 130e^{0.0205(29)}

p = 130e^{0.5945}

p =130(1.81212465608)=235.57620529\approx236

Hence, the population of Orlando in 2009 was about 236,000.

b) Substitute p= 300 in (1) , we get

300 = 130e^{0.0205t}

2.3077= e^{0.0205t} (Divide both sides by 130)

Taking Natural log on both sides,

\ln(2.3077) = 0.0205t\\\\\Rightarrow\ t=\dfrac{\ln(2.3077)}{0.0205}

t=\dfrac{0.836251357528}{0.0205}=40.7927491477\approx41

Hence, The year Orlando will have a population of 300,000 =1980+41 =2021

6 0
3 years ago
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