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
olasank [31]
2 years ago
11

How long will it take your money to double if you put $500 into an account compounded quarterly at 2.9%?

Mathematics
1 answer:
vitfil [10]2 years ago
8 0
<h3>Answer: About 24 years</h3>

=======================================================

Work Shown:

A = P*(1+r/n)^(n*t)

1000 = 500*(1+0.029/4)^(4*t)

1000 = 500*(1.00725)^(4*t)

1000/500 = (1.00725)^(4*t)

2 = (1.00725)^(4*t)

log(2) = log( 1.00725^(4*t) )

log(2) = 4*t*log( 1.00725 )

4*t*log( 1.00725 ) = log(2)

t = log(2)/( 4*log( 1.00725 ) )

t = 23.9881659971072 The value is approximate

t = 24 when rounding to the nearest full year

It takes approximately 24 years to double your money.

You might be interested in
What is the correct answer?
natima [27]

Answer:

The first one:

Equation n+(n+1) +(n+2)=36

3n+3=36

the numbers are 11, 12,13

Step-by-step explanation:

So if you plug ll for n you get 36

So if you plug 12 in for in u get 39

Then in you plug 13 in for n u get 41

I hoped that helped

4 0
2 years ago
Read 2 more answers
What is the range of the function y = -x2 + 1?
meriva
<span><span>y = 2 + 2sec(2x) The upper part of the range will be when the secant has the smallest positive value up to infinity. The smallest positive value of the secant is 1 So the minimum of the upper part of the range of y = 2 + 2sec(2x) is 2 + 2(1) = 2 + 2 = 4 So the upper part of the range is [4, ) The lower part of the range will be from negative infinity up to when the secant has the largest negative value. The largest negative value of the secant is -1 So the maximum of the lower part of the range of y = 2 + 2sec(2x) is 2 + 2(-1) = 2 - 2 = 0 So the lower part of the range is (, 0]. Therefore the range is (, 0] U [4, ) </span>
</span>
3 0
3 years ago
A plastic bin in the shape of a cube contains 900 marbles, each with a volume of 8 in?. If the cube has side lengths of 2 feet,
qaws [65]
900 x 8 in , 2ft in cubic inches, guessing
8 0
2 years ago
Evaluate a+b for a =34 and b=-6
Digiron [165]

Question

evaluate a+b for a =34 and b=-6

a + b =

34 + (-6) =

34 - 6 =

28

5 0
3 years ago
Read 2 more answers
EXTRA POINTS
hram777 [196]

Answer:

Step-by-step explanation:

The volume of the pyramid = (1/3)*area of base *height

= (1/3)*10*24*13 = 1040 cubic units.

The total surface area = area of rectangular base + area of 2 isosceles triangles with a base of 24 units + area of 2 isosceles triangles with a base of 10 units.

Area of rectangular base = 24*10 = 240 sq units.

The slant height of isosceles triangles with a base of 24 units = [(10/2)^2+13^2]^0.5 = [25+169]^0.5 = 194^0.5 = 13.92838828 units.

The area of 2 isosceles triangles with a base of 24 units 2*24*13.92838828/2 = 334.2813187 sq units.

The slant height of isosceles triangles with a base of 10 units = [(24/2)^2+13^2]^0.5 = [144+169]^0.5 = 194^0.5 = 17.69180601 units.

The area of 2 isosceles triangles with a base of 10 units 2*10*17.69180601/2 = 176.9180601 sq units.

The total surface area of the pyramid = 240 + 334.2813187 + 176.9180601 = 591.9731247 sq units.

8 0
2 years ago
Read 2 more answers
Other questions:
  • In a walk fir charity,you. Walk at a rate of 100 meters per minute.how long does it take you to walk 2 kilometers
    9·1 answer
  • If point C is between points A and B, then AC + __ = AB.
    5·2 answers
  • Isaac wants the equation below to have no solution when the missing number is placed in the box.
    11·2 answers
  • Can someone please help me with this problem.??
    12·1 answer
  • What's the answer to 11d+10=6d
    11·2 answers
  • A certain aircraft can carry a maximum cargo weight of 1300 pounds. If the baggage weighs no more than 210 pounds, what is the l
    13·1 answer
  • How many equal sides does a rhombus have
    8·1 answer
  • What is the nth term for 2 3 5 13
    5·2 answers
  • 4 2/3 x 13, what's the answer?
    11·1 answer
  • Subtraction of integers
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!