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
mestny [16]
3 years ago
10

You put $200 into an account earning 6% interest compounded yearly.

Mathematics
1 answer:
VMariaS [17]3 years ago
7 0

Answer:

43.35 years

Step-by-step explanation:

From the above question, we are to find Time t for compound interest

The formula is given as :

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

A = $2500

P = Principal = $200

R = 6%

n = Compounding frequency = 1

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

r = R/100

r = 6/100

r = 0.06 per year,

Then, solve the equation for t

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

t = ln(2,500.00/200.00) / ( 1 × [ln(1 + 0.06/1)] )

t = ln(2,500.00/200.00) / ( 1 × [ln(1 + 0.06)] )

t = 43.346 years

Approximately = 43.35 years

You might be interested in
The ratio of coins to notes in a bag is 3 to 8. If there are a total of 24 coins then how many notes are there? 
BaLLatris [955]
Set up a proportion 
3 coins:8 notes and then the other one 24 coins : x (unknown notes)
they have a relationship so we can set them equal to each other.
3/8=24/x cross multiply: 8 * 24 = 192
Now divide that by 3: 192/3 = 64 
So there are 64 notes in the bag
8 0
3 years ago
Order the following from greatest to least: -12,12,-19,1 and 1/2,5.....
den301095 [7]
-19, -12, 1/2, 1, 5, 12 ----> least to greatest
12, 5, 1, 1/2, -12, -19 ----> greatest to least

Do the same as the last one, starting with the largest negative number, and ending with the largest positive number.  The only difference in this case is that it is greatest to least.  I tend to go from least to greatest first and then flip it around to get greatest to least (:
3 0
3 years ago
The coordinates of a point on a coordinate grid are (?1, 5). The point is reflected across the x-axis to obtain a new point. The
4vir4ik [10]
D. (?1, ?5) because it is only reflected across the x-axis, so it only effects the Y coordinates.
5 0
3 years ago
What is 1/5 of 11????????????
Helga [31]
Multiply 1/5 by 11 to get 2.2, to check, multiply 2.2 by 5. The answer though, is 2.2.
7 0
3 years ago
Correct answers only please!
Alla [95]

Answer:

$15865.6

Step-by-step explanation:

Using the given formula :

I = P × R × T

I = 99.160 × 8/100 × 2

I = $ 15865.6

6 0
3 years ago
Read 2 more answers
Other questions:
  • ason needs 10 cups of milk to make a chocolate shake for his family. His measuring device measures liquids by the pint. If 1 pin
    7·1 answer
  • Find the values of k so that the slope of he line joining (5,k) and (6,k^2) is 30.
    15·1 answer
  • A train moves at a constant speed of 54 miles per hour . How long would it take the train to go 400 miles ? How far can the trai
    10·1 answer
  • Write an algebraic expression for the given word expression:<br> 4.7 less than a number k
    7·2 answers
  • Formula for finding prime numbers
    8·1 answer
  • How to answer equations with rational numbers?
    10·1 answer
  • Please help me out to solve this 0.1^0.1 please NO SPAMMING​
    10·2 answers
  • Can someone please help me.
    15·2 answers
  • PLEASE HELP! What is the mean of the data represented by this normal distribution?
    13·1 answer
  • Find the elapsed time between 4:16 p.m. and 9:25 p.m.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!