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3 years ago

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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Anyone know how to check solution, please help if u do

Ivenika [448]

Let's check your answer. To do this, you would simply plug your answer into the equation and see if it works.
5(y - 3) - 2 (3 - 2y) = 6
5(3 - 3) - 2(3 - 2 × 3) = 6

The equation works!

Y = 3

Great work!

3 0

3 years ago

I need the missing blanks .

MrRissso [65]

Answer:

K, (-3.5,-5), E, (3.5, 3)

Step-by-step explanation:

8 0

3 years ago

PLS HELP!! A student randomly guesses the answers to two true-false questions. Describe and correct the error in finding the pro

Nitella [24]

Answer:

The student was wrong. The probability is actually 1/4.

Step-by-step explanation:

Let's say you have question A and question B. You could have incorrect on A, and incorrect on B. Or, you could have incorrect on A, but a correct on B. Or, you could have an incorrect on B, but a correct on A. Or, both could be correct. <em><u>Since there are 4 different possibilities, the actual probability is 1/4.</u></em>

6 0

3 years ago

A circle has a diameter of 12 inches. What is its area in terms of π?

Natalka [10]

Answer:

36π

Step-by-step explanation:

Since you have to use terms of pi you just leave out pi out of the formula

A = πr² so it would be

A = r² Radius is half of diameter so half of 12 = 6

A = 6²

A = 36

Than you add pi

36π

Hope this helped

4 0

4 years ago

a store sells grass seed in small bags and large bags.the small bags have 7 pounds of seed for 27.93 and large bags cost 66.98.w

Nonamiya [84]

Answer

Find out the ratio of price to pound for each bag.

To prove

As given

A store sells grass seed in small bags and large bags.the small bags have 7 pounds of seed for $27.93 .

7 pound = $27.93

Now find out the cost for the 1 pound.

$1\ pound\ cost= \frac{27.93}{7}$

1 pound cost = $3.99

As given large bags cost $66.98.

Now find out pounds in the large bags.

Let us assume that the number of pounds in the large bags be x.

Than

3.99 × x = 66.98

$x = \frac{66.98}{3.99}$

x = 16.8 pounds (approx)

Now find out the ratio of price to pound for each bag.

As small bags weight = 7 pounds

Cost of the small bags = $27.93

$\frac{Price\ of\ small\ bag}{Cost\ of\ the\ small\ bags} = \frac{27.93}{7}$

As large bags weight = 16.8 pounds

Cost of the large bags = $66.98

$\frac{Price\ of\ large\ bag}{Cost\ of\ the\ large\ bags} = \frac{66.98}{16.8}$

Hence proved

7 0

3 years ago