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
Arisa [49]
3 years ago
15

Zoe invest $600 in college savings account. The account earns 5.7% interest compounded quarterly. How many years will it take fo

r Zoe's account to reach $7,000?
Mathematics
1 answer:
GenaCL600 [577]3 years ago
8 0

Answer:

43.407 years

Step-by-step explanation:

Zoe invest $600 in college savings account. The account earns 5.7% interest compounded quarterly. How many years will it take for Zoe's account to reach $7,000?

We are asked to find time t in a compound interest formula

The formula is given as:

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

A = Total amount = $7000

P = Principal = $600

n = number of times interest is compounded = Quarterly =4

r = Interest rate = 5.7% = 0.057

Hence,

t = log(7000/600) /4[log (1 + 0.057/4)]

t = 43.407 years

You might be interested in
Why do i have to learn the quadratic equation?
marysya [2.9K]
<h2><u>↑I DON'T KNOW↓</u></h2>
  1. <em>IDK</em>
  2. <em>IDK</em>
  3. <em>IDK</em>
  4. <em>IDK</em>
  5. <em>IDK</em>
  6. <em>IDK</em>
  7. <em>IDK</em>
  8. <em>IDK</em>
  9. <em>IDK</em>
  10. <em>IDK</em>
5 0
3 years ago
69. REAL-WORLD APPLICATIONS
svp [43]

Answer:

Cost of per session the average rate is $45.

Step-by-step explanation:

It is given that a gym membership with two personal training session cost $125, while gym membership with five personal training sessions cost $260.

It is required to find what is the cost per session.

Step 1 of 1

It is given that a gym membership with two personal training session cost $125, while gym membership with five personal training sessions cost $260.

To find the cost of per session calculate the average rate.

Now let $f(x)$ be the cost per session use the for the average rate of change, and the input value is the number of personal traings x.

$m=\frac{f\left(x_{2}\right)-f\left(x_{1}\right)}{x_{2}-x_{1}}$$

Now substitute, $125 for $f\left(x_{2}\right), 260 for $f\left(x_{1}\right), 2$ for $x_{1}$ and 5 for $x_{2}$ then,

$m=\frac{260-125}{5-2}$\$$\begin{aligned}&=\frac{135}{3} \\&=45\end{aligned}$$

Cost of per session the average rate is $45.

3 0
2 years ago
Solve for b help please
aliya0001 [1]

Answer:

-12=-4/3b

-12x4/3=b

-16=b

b=-16

4 0
3 years ago
Solving Inequalities, HELP PLEASE.!!
frez [133]

Answer:

x ≥ $750

Step-by-step explanation:

5 0
3 years ago
If you say that you can help me with homework then why can't I make a code to join and I had to pick one to send this sincerely,
Nataly_w [17]

Answer:

WHAT!!!!!!!

Step-by-step explanation:

6 0
3 years ago
Read 2 more answers
Other questions:
  • Which point is on the graph of f(x)=6x?
    12·2 answers
  • 1+2=21, 2+3=36,3+4=43,4+5=?
    14·2 answers
  • Question 2 please help
    13·2 answers
  • To be honest, I really don’t understand this and need someone to help me out.
    10·2 answers
  • What is the median number for the numbers 4, 8, 10, 5, 9
    6·1 answer
  • I need help please?!!!!!
    7·1 answer
  • HELP!!!!<br> Please help me!!<br> I need help!!<br> HELP!!!!
    13·1 answer
  • At the start of a trip, a car’s gas tank contains gallons of gasoline. During the trip, the car consumes 1⁄8 gallons of gasoline
    12·1 answer
  • WILL GIVE BRAINLIESTTT!!!! PLS HELP
    13·1 answer
  • If the polynomials p(x)=2x³ +bx² +3x-5 and q(x)= x³+x² -4x-b leave the same remainder, when divided by x-2, prove that b = -13/5
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!