Answer: number of years that it will take for the balance to reach $120,000 is 42 years
Step-by-step explanation:
Initial amount deposited into the account is $4000. This means that the principal is $4000
P = 4000
It was compounded annually. This means that it was compounded once in a year. So
n = 1
The rate at which the principal was compounded is 8.4%. So
r = 8.4/100 = 0.084
Let the number of years that it will take for the balance to reach $120,000. It means that it was compounded for a total of t years.
Amount, A at the end of t years is $120,000
The formula for compound interest is
A = P(1+r/n)^nt
120000 = 4000(1 + 0.084/1)^1×t
120000/4000 = 1.084^t
30 = 1.084^t
t = 42 years
Answer:
The probability it will land on green every time is
.
Step-by-step explanation:
We are given that a spinner is used for which it is equally probable that the pointer will land on any one of six regions. Three of the regions are colored red, two are colored green, and one is colored yellow.
The pointer is spun three times.
<u>As we know that the probability of an event is described as;</u>
Probability of an event =
Here, the favorable outcome is that the spinner will land on green every time.
So, the number of green regions = 2
Total number of regions = 3(red) + 2(green) + 1(yellow) = 6 regions
<em>Now, the probability it will land on green every time is given by;</em>
Probability =
=
= 
Hence, the probability it will land on green every time is
.
Answer:
5/4
Step-by-step explanation:
2(8x-3)-4(3x-5)=19
16x-6-12x+20=19
16x-12x-6+20=19
4x+14=19
4x=19-14
4x=5
x=5/4
Hello!
We can solve this algebraically
2x + 5 = 3 + 2(x+1)
Distribute the 2
2x + 5 = 3 + 2x + 2
combine like terms
2x + 5 = 2x + 5
Since both sides of the equation is the same all values of x make the equation true
The answer is A
Hope this helps!