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PSYCHO15rus [73]
3 years ago
14

If you invest $1,200 into an account with an interest rate of 8%, compounded monthly, about how long would it take for the accou

nt to be worth $12,000?
Mathematics
1 answer:
inessss [21]3 years ago
6 0

Answer:

n= 346.37 months

Step-by-step explanation:

Giving the following information:

Initial investment (PV)= $1,200

Number of periods (n)= ?

Interest rate (i)= 0.08 / 12= 0.00667

Future Value (FV)= $12,000

<u>To calculate the number of months required to reach the objective, we need to use the following formula:</u>

n= ln(FV/PV) / ln(1+i)  

n= ln(12,000 / 1,200) / ln(1.00667)

n= 346.37 months

In years:

346.37/12= 28.86 years

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SashulF [63]

Answer:

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2 years ago
A video game has the following formula: For every 1,333 in attack power, you gain 3 levels. You get one bonus star per every 38
aleksley [76]

Answer:

Rounded to a whole number, the player has 12 bonus stars.

Step-by-step explanation:

Since the video game establishes that for every 1,333 points of attack power 3 levels are gained, and that the player has a total of 0.21 million attack points, to determine the number of levels that player has it is necessary to perform the following calculation :

0.21 million = 210,000

210,000 / 1,333 x 3 = Levels

472.6 = Levels

Now, every 38 levels, the game awards a bonus star. To determine the amount of bonus stars that the player has, the following division must be made:

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Thus, rounded to a whole number, the player has 12 bonus stars.

7 0
3 years ago
The ratio between the square of a number and it's cube is 1:3 what is the number ​
Dimas [21]

Answer:

3

Step-by-step explanation:

Call that number “x”

The square of that number is x^2

Also as the cube is x^3

The ratio between these 2 values is 1:3, this means x^2 / x^3 = 1 / 3

<==> 1 / x = 1 / 3 (eliminate “x^2” for numerator and denominator of the fraction x^2 / x^3 )

<==> x = 1 * 3 / 1 = 3

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4 0
3 years ago
Please find the answers below
spayn [35]

Answer:

option 3 is the correct.....

Step-by-step explanation:

multiplying all the algebraic expressions

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3 0
3 years ago
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MrRissso [65]
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