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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

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Lilit [14]

Answer: 30

Step-by-step explanation: To solve this problem, we're going to have to use the Pythagorean theorem...

a² + b² = c²

24² + 18² = c²

576 + 324 = c²

c² = 900

\sqrt{900}

30

30 = c

I hope this helps!

6 0
3 years ago
A circle is centered at the point (5, -4) and passes through the point (-3, 2).
german

whats the actual question

3 0
3 years ago
Read 2 more answers
The bread is on sale for $1.50 so Erica is also going to buy candy or gum. Which can she afford?
Alborosie
Ok, so she started off with $5.00. 


She bought milk for $2.99.

She buys bread, which costs $1.50. 

Subtracting the money she wasted, the total would be $0.51. 

The only thing she could buy is 5 pieces of gum for 25 cents. 

Her change will be $0.26. 

Hope this helps!
6 0
3 years ago
Oscar bought some markers, notebooks, and packs of sticky notes for his office. He bought the same number of markers as notebook
Veseljchak [2.6K]

Using a system of equations, it is found that Oscar bought 6 markers, 6 notebooks and 15 packs of sticky notes.

<h3>What is a system of equations?</h3>

A system of equations is when two or more variables are related, and equations are built to find the values of each variable.

In this problem, the variables are:

  • Variable x: Number of markers.
  • Variable y: Number of notebooks.
  • Variable z: Number of packs of notes.

He bought the same number of markers as notebooks, hence:

x = y.

He bought three more packs of sticky notes than markers and notebooks combined, hence:

z = 3 + x + y

z = 3 + 2x.

He paid $1.05 for each marker, $2.25 for each notebook, and the packs of sticky notes were $1.95. He spent $49.05 in total, hence:

1.05x + 2.25y + 1.95z = 49.05.

Then:

1.05x + 2.25x + 1.95(3 + 2x) = 49.05.

7.2x = 43.2

x = 43.2/7.2

x = 6.

The amounts are as follows:

  • y = 6.
  • z = 3 + 2(6) = 15.

He bought 6 markers, 6 notebooks and 15 packs of sticky notes.

More can be learned about a system of equations at brainly.com/question/24342899

#SPJ1

7 0
2 years ago
In its first year of business, Arlo’s Dry Cleaners had a closing balance of –$1,500. The second year it lost an additional $1,20
Alex

Answer:

-2700 dollars

Step-by-step explanation:

The first year we have a loss of 1500 dollars. On the balance sheet we write -1500, with the negative indicating loss. Some accounting practices will use parenthesis to mean loss, so you might see it as (1500). But in this problem, we'll use negative signs for loss.

The second year is loss of 1200. Add up the two losses (the positive versions of each) to get 1500+1200 = 2700. Then make the result negative. Taking one loss and adding more loss to it means your loss has gotten bigger. So that's why the closing balance at the end of year 2 is -2700 dollars, which is a loss of 2700 dollars.

4 0
3 years ago
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