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
loris [4]
2 years ago
12

A person invests 3000 dollars in a bank. The bank pays 6% interest compounded quarterly. To the nearest tenth of a year, how lon

g must the person leave the money in the bank until it reaches 7700 dollars?
Mathematics
1 answer:
aivan3 [116]2 years ago
4 0

Answer:

16 years approx

Step-by-step explanation:

Given data

P=$3000

r= 6%

A= $7700

t= ??

The compound interest formula is

A= P(1+r)^t

Calculate time, solve for t

t = ln(A/P) / r

substitute

t= ln(7700/3000)/0.06

t= ln(2.566)/0.06

t= 0.942/0.06

t= 15.7

The time is 16 years approx

You might be interested in
-4=x-15 show how you got the answer<br><br> A.) -4/15<br> B.) -19<br> C.) -60<br> D.) 11
8090 [49]
The answer is bee haha ha
4 0
3 years ago
Read 2 more answers
Please help me find what ? Is
kotegsom [21]

Answer:

My answer is 43 its that rigth

4 0
3 years ago
How to simplify 2mg x 5m²k​
Damm [24]

hey, I'm not sure about this answer, but I think it's true, sorry

m(2g+5mk)

6 0
3 years ago
What’s the radius of this button ?
Neporo4naja [7]

Answer:

2.5 cm

Step-by-step explanation:

We see the diameter is 5cm

so the radius is half the diameter

5/2 = 2.5 cm

3 0
3 years ago
Read 2 more answers
A rectangle has a perimeter 66 cm and length 24 cm what is its width
Elenna [48]
I think the answer is 2.75. I divided 66 and 24.
Hope this helps! Let me know if I'm right but um bad at math lol...
4 0
2 years ago
Other questions:
  • HELP ROUND 630.821430372 TO THE NEAREST WHOLE NUMBER
    8·2 answers
  • Which of these numbers is irrational?<br> a)2.3<br> b)sqrt 3<br> c)sqrt 4<br> d)1/3
    15·2 answers
  • two sides of a polygon are parallel line segments. what is the least number of sides the polygon could have?
    6·2 answers
  • Hendrick wants to enlarge a photo that is 4 inches wide and 6 inches tall. The enlarged photo keeps the same ratio. How y'all is
    11·1 answer
  • Which expression is not equivalent to the other expressions?
    7·1 answer
  • What is the equation of the line that passes through the point (-6,-7)(−6,−7) and has a slope of 0?
    8·2 answers
  • Waldo has saved $14.55 in Nichols in quarters he has 21 more quarters and nickels how many quarters does Waldo have
    10·1 answer
  • Expand. Your answer should be a polynomial in standard form. (x2+4)(x2−6)=(x^2+4)(x^2-6)=(x2+4)(x2−6)=
    12·2 answers
  • In Triangle JKL, ∠J is congruent to ∠L. Triangle J K L is shown. Ray L K extends beyond point K to form an exterior angle that i
    6·1 answer
  • Uhh so im having trouble with this scale factor &gt;&gt;&gt;
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!