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Alex777 [14]
3 years ago
11

Find how long it takes for $500 to double if it is invested at 6% interest compounded monthly

Mathematics
1 answer:
EastWind [94]3 years ago
6 0

Answer:

11.581 years

Step-by-step explanation:

Formula:

AV=PV(1+\frac{i}{n})^{nt}\\1000=500(1+\frac{.06}{12})^{12t}\\2=1.005^{12t}\\log_{1.005}2=12t\\138.9757=12t\\t=11.5813

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Oksi-84 [34.3K]
The answer is [3]. :))
8 0
2 years ago
Read 2 more answers
So i need to pick classes for my freshman year next year and i d k if i should take pre algebra or just do algebra. My math grad
ahrayia [7]

Answer:

Step-by-step explanation:

My recommendation is try to find a finals for both pre-algebra or algebra after learning some of the material ahead of time and after taking them, find which one is more comfortable for you

Good luck!

8 0
2 years ago
Is a triangle with sides of length 6ft, 21 ft, 23 ft. A right triangle?
gayaneshka [121]

Answer:

No

Step-by-step explanation:

By using the Pythagoras theorem, it can be easily determined that whether the triangle is right triangle or not.

Thus, a^{2}+b^{2}=c^{2} where where a and b are the legs and c is the hypotenuse.

Let a=6ft, b=21ft and c=23ft, then

a^{2}+b^{2}=c^{2}

(6)^{2}+(21)^{2}=(23)^{2}

36+441=(23)^{2}

477=529

which is not possible, therefore the given triangle is not right triangle because it does not satisfy the Pythagoras theorem.


7 0
3 years ago
What is the answer 2(4y+1)=3y
SCORPION-xisa [38]
2(4y+1) = 3y. We need to solve for y.
First let's get ride of the parenthesis by developing 2(4y+1). This means to multiply 2 by 4y and 2 by 1, and add them.
2(4y+1) = 2*4y + 2*1 = 8y + 2
So 2(4y+1)=3y
8y+2 = 3y
Then you subtract 8y from each side to have the variables on a side and the numbers on the other:
3y - 8y = 8y + 2 - 8y
-5y = 2
Then you divide each side by -5 to get the variable y alone on a side and its value on the other:
(-5y)/-5 = 2/-5
y = -2/5

You can re-check your answer (very important):
2(4y + 1) = 2(4*-2/5 + 1) = -1.2
3y = 3 * -2/5 = -1.2
So 2(4y+1)=3y= -1.2
The answer has been approved.

Hope this Helps! :)
4 0
3 years ago
Calculate the product below and give your answer in scientific notation.
valentinak56 [21]
This should be the answer 3.0x10^-5
7 0
1 year ago
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