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
harkovskaia [24]
2 years ago
9

Approximately how long will it take for $700 to double if it is invested at 4% annual

Mathematics
1 answer:
charle [14.2K]2 years ago
4 0

Answer: 17 years

Step-by-step explanation:

Exponential equation for compund amount( compunded continuously):

A=Pe^{rt} , where P= Principal value , r= rate of interest , t= time.

Given: A= 2P

r =4%= 0.04

To find : t

Substitute all values in the formula , we get

2P=Pe^{0.04t}\\\\\Rightarrow\ 2=e^{0.04t}

Taking natural log on both sides

\ln2=\ln e^{0.04t }\\\\\Rightarrow\ 0.693147=0.04t\\\\\Rightarrow\ t=\dfrac{ 0.693147}{0.04}\\\\\Rightarrow\ t=17.3286\approx17

hence, it will take 17 years (approx).

You might be interested in
The following scatter plot represents the height of a basketball in seconds during a free throw shot.
zavuch27 [327]

The function is not treated as linear because whenever we throw the thing in the air it traces the path of the parabola which is quadratic. Then the quadratic equation is y = -1.25x² + 7.35x + 3.2.

<h3>What is a quadratic equation?</h3>

It is a polynomial that is equal to zero. Polynomial of variable power 2, 1, and 0 terms are there. Any equation having one term in which the power of the variable is a maximum of 2 then it is called a quadratic equation.

The following scatter plot represents the height of a basketball in seconds during a free throw shot.

(a) A student chose to model the data with the function, y = 0.9286x + 9.0571 . Then the function is not treated as linear because whenever we throw the thing in the air it traces the path of the parabola which is quadratic.

(b) Write a function

We know that the quadratic equation is given as ax² + bx + c = y

This will pass through the points (1, 9.3), (2, 12.9), and (3, 14). Then we have

\rm a + b + c = 9.3  \ \ \  \ \ \ \ ...1\\\\4a + 2b + c = 12.9 \ \  \ ...2\\\\9a + 3b + c = 14 \  \ \ \ \ \ ...3

On solving the equations 1, 2, and 3. Then we have

a = -1.25, b = 7.35, and c = 3.2

Then the quadratic equation will be

y = -1.25x² + 7.35x + 3.2

More about the quadratic equation link is given below.

brainly.com/question/2263981

#SPJ1

4 0
2 years ago
Plzzzzzzzzzz helppppppppppppppppppp<br> 4/5-1/4
Amanda [17]

Answer:

11/20 is the answer

6 0
2 years ago
Read 2 more answers
Find the approximate area of a semi circle with a radius of 6 cm
Trava [24]

113.04  es la respuesta, ya que para sacar el area es Pi por el radio al cuadrado osea 3.14 por 36, denada

3 0
3 years ago
Porphyrin is a pigment in blood protoplasm and other body fluids that is significant in body energy and storage. Let x be a rand
SOVA2 [1]

Answer:

<u>Question 1:</u>

<u>(a) </u>P(x<60) = 0.9236

<u>(b) </u>P(x>16) = 0.9564

<u>(c) </u>P(16<x<60) = 0.88

<u>(d) </u>P (x>60) = 0.0764

<u />

<u>Question 2:</u>

<u>(a) </u>P(x<3) = 0.0668

<u>(b) </u>P(x>7) = 0.0062

<u>(c) </u>P(3<x<7) = 0.927

<u />

Step-by-step explanation:

<u>Question 1:</u>

x = no. of mg of porphyrin per deciliter of blood.

μ = 40

σ = 14

(a) We need to compute P(x<60). We need to find the z-score using the normal distribution formula:

z = (x - μ)/σ

P(x<60) = P((x - μ)/σ < (60 - 40)/14)

             = P(z < 20/14)

             = P(z<1.43)

Using the normal distribution probability table we can find the value of p at z=1.43.

P(z<1.43) = 0.9236

so, P(x<60) = 0.9236

(b) P(x>16) = P(z>(16-40)/14)

                 = P(z>-1.71)

                 = 1 - P(z<-1.71)

                 = 1 - 0.0436

    P(x>16) = 0.9564

(c) P(16<x<60) = P((16-40)/14) < x < (60-40)/14)

                        = P(-1.71 < z < 1.43)

This probability can be calculated as: P(z<1.43) - P(z<-1.71)

                                         P(16<x<60) = 0.9236 - 0.0436

                                         P(16<x<60) = 0.88

(d) P(x>60) = 1 - P(x<60)

     we have calculated P(x<60) in part (a) so,

    P(x>60) = 1 - 0.9236

    P (x>60) = 0.0764

<u>Question 2:</u>                              

μ = 4.5 mm

σ = 1.0 mm

In this question, we will again compute the z-scores and then find the probability from the normal distribution table.

(a) P(x<3) = P(z<(3-4.5)/1)

                = P(z<-1.5)

     P(x<3) = 0.0668

(b) P(x>7) = 1 - P(x<7)

               = 1 - P(z<(7-4.5)/1)

               = 1 - P(z<2.5)

               = 1 - 0.9938

    P(x>7) = 0.0062

(c) P(3<x<7) = P(x<7) - P(x<3)

  we have computed both of these probabilities in parts (a) and (b) so,

    P(3<x<7) = 0.9938 - 0.0668

    P(3<x<7) = 0.927

6 0
3 years ago
Which number is composite? 53,81,41,47,31<br><br> a. 31<br><br> b. 81<br><br> c. 41<br><br> d. 47
Eduardwww [97]

answer

B 81

explanation

6 0
3 years ago
Other questions:
  • What is a dynastic cycle and where did it occur?
    6·1 answer
  • How many terms are in the binomial (a+b)^8 ?<br><br> ___ terms
    14·1 answer
  • What is x, y, and z?
    8·1 answer
  • How do you do lcm and how do you slove the lcm of 32,40,36
    12·1 answer
  • The Pythagorean theorem, a² + b2 = c?, for c
    10·1 answer
  • Set up the equation relating the new ratio of broth
    11·2 answers
  • What addition doubles fact can help you find 4 + 3 explain how you know
    13·2 answers
  • Mike is building a deck. the deck will be a rectangle with a longer side of 20 meters and a shorter side length of 6 meters. wha
    13·1 answer
  • Please help it's urgent! ​
    14·1 answer
  • For each function, identify the transformation from the parent function y=b x . y=5 x+3
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!