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
Ostrovityanka [42]
3 years ago
8

How many years (to two decimal places) will it take $15000 to grow to $17500 if it is invested at 8% compounded semi- annually?

Mathematics
1 answer:
VLD [36.1K]3 years ago
3 0

Answer:

1.97 years

Step-by-step explanation:

First, convert R as a percent to r as a decimal

r = R/100

r = 8/100

r = 0.08 per year,

Then, solve the equation for t

t = ln(A/P) / n[ln(1 + r/n)]

t = ln(17,500.00/15,000.00) / ( 2 × [ln(1 + 0.08/2)] )

t = ln(17,500.00/15,000.00) / ( 2 × [ln(1 + 0.04)] )

t = 1.965 years

:D

You might be interested in
Joel scores in 80% of his games. His team is starting the playoffs, and if they make it to the state championship, they will hav
Fittoniya [83]

Answer:

D

Step-by-step explanation:

4 out of 5 games is 80%:

So if we know, as a rule that "Joel scores in 80% of his games.", the probability that he will score in 80% of his games is 1 - that is, we know it for sure

100% sure

4 0
3 years ago
Read 2 more answers
Rosa and her friends are eating out for dinner. The bill was $45.80. They want to leave a 20% tip. How much should they leave fo
Romashka-Z-Leto [24]
20% is the number divided by 5. 45.80/5 is 9.16
4 0
3 years ago
Please explain. 100 / (-5) =
svp [43]
That would be -20. a negative divided by a negative number is positive, positive divided by negative is negative bc even numbers of negatives make it positive. and ofc 20 x 5 = 100, hence the ‘20’
5 0
3 years ago
Read 2 more answers
Please explain the how you got the answers thanks asap
stich3 [128]

Answer:

a) 90 stamps

b) 108 stamps

c) 333 stamps

Step-by-step explanation:

Whenever you have ratios, just treat them like you would a fraction! For example, a ratio of 1:2 can also look like 1/2!

In this context, you have a ratio of 1:1.5 that represents the ratio of Canadian stamps to stamps from the rest of the world. You can set up two fractions and set them equal to each other in order to solve for the unknown number of Canadian stamps. 1/1.5 is representative of Canada/rest of world. So is x/135, because you are solving for the actual number of Canadian stamps and you already know how many stamps you have from the rest of the world. Set 1/1.5 equal to x/135, and solve for x by cross multiplying. You'll end up with 90.

Solve using the same method for the US! This will look like 1.2/1.5 = x/135. Solve for x, and get 108!

Now, simply add all your stamps together: 90 + 108 + 135. This gets you a total of 333 stamps!

5 0
4 years ago
I need help with math, I have no idea what I'm doing
Masteriza [31]
A. (x+3)(4x+5)
(multiply x with 4x+5 then multiply 3 with 4x+5)
=4x^2+5x+12x+15
=4x^2+17x+15
b,c, and d are similar
5 0
3 years ago
Other questions:
  • Find the area and the circumference of a circle with radius 7 cm.
    9·2 answers
  • Use this tax table to find how much tax you need to pay on a taxable income of $25,000.
    7·1 answer
  • Write an equation of each parabola in vertex form vertex : (-4,-24) point: (-5,-25)
    15·1 answer
  • A meat market has 68 pounds of meat to divide it equally into 6 packs. He must use all the meat. How many pounds of meat will be
    11·1 answer
  • If you know the length of a rectangle, and you know its area, what formula would you use to find the missing side width and how
    6·1 answer
  • Help me with number 4 pls asap
    5·2 answers
  • What is 10/2 equal to 1/5
    10·1 answer
  • How to factor x^2-49y^2
    6·2 answers
  • Sally works for mail workers stuffing envelopes. She is paid $0.20 for each envelope she stuffs. How much does she earn for a we
    8·1 answer
  • In Triangle ABC, AC is extended through C to D. If
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!