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
quester [9]
2 years ago
11

Carter invested $16,000 in an account paying an interest rate of 5.6% compounded monthly. Assuming no deposits or withdrawals ar

e made, how long would it take, to the nearest year, for the value of the account to reach $29,600?
Mathematics
1 answer:
jenyasd209 [6]2 years ago
8 0

Answer:

11 years.

Step-by-step explanation:

Given that Carter invested $ 16,000 in an account paying an interest rate of 5.6% compounded monthly, to determine, assuming no deposits or withdrawals are made, how long would it take, to the nearest year, for the value of the account to reach $ 29,600, the following calculation must be performed:

16,000 x (1 + 0.056 / 12) ^ Yx12 = 29,600

Y = 11

16,000 x 1.4666 ^ 132 = X

29,581.70 = X

Thus, rounded to the nearest year, it would take 11 years for the account to reach $ 29,600.

You might be interested in
Sammy bought 3 T-shirts for $15.75 each and pairs of jeans for $28.79 each. If the sales tax on his purchases totaled $5.24, how
abruzzese [7]

Answer: $49.78


Step-by-step explanation: $15.75 + $28.79 + $5.24 = $49.78


7 0
2 years ago
What would be the BEST formula to model the volume of a tree trunk?
irina [24]

like a hand help model?

4 0
2 years ago
There are 6,000 products at the store in one hour, 425 products are sold how products are left
wariber [46]

Answer:

5575

Step-by-step explanation:

its just subtraction you take the 6000 and subtract 425 and thats how you get whats left they try to trick you using the time im guessing correct me if im wrong

3 0
3 years ago
The graph of is shown below. What is the value of y when x = 0?
jarptica [38.1K]

\huge\text{Hey there!}


\huge\textsf{This equation/question should be easy to}\\\\\huge\textsf{to solve for because, we have everything you}\\\\\huge\textsf{you will need on your graph and somewhat in}\\\\\huge\textsf{the question because it already gave you the}\\\\\huge\boxed{\mathsf{x-intercept}}\huge\textsf{.}
\mathsf{y = |x| - 2}

\mathsf{y = |0| - 2}

\mathsf{y = 0 - 2}

\mathsf{y = -2}
\huge\textsf{Therefore, your answer should be: }

\huge\boxed{\mathsf{y= }\frak{\ -2} \ \rm{(Option\ D.)}}\huge\checkmark


\huge\text{Good luck on your assignment \& enjoy your day!}

<h3>
~\frak{Amphitrite1040:)}</h3>
6 0
1 year ago
Read 2 more answers
Area of a Polygon In this unit, you learned about finding the area of triangles and rectangles using coordinates. But there are
sweet [91]

Answer:

part a and b only i was actually looking for c

Step-by-step explanation:

for part b

Area of DEF= 1/2× base × height = 1/2× 2 × 1 = 1

Area of FGD= 1/2× base × height = 1/2× 2.24 × 1.34 =1.50  

Area of GBD= 1/2× base × height = 1/2× 2 × 1 = 1

Area of ABG= 1/2× base × height = 1/2× 4.12 × 0.49 =1.01

Area of BCD= 1/2× base × height = 1/2× 1.41 × 2.12 =1.49

The approximate area of the original polygon is 6 square units

4 0
3 years ago
Other questions:
  • Kareen bought 12 pencils for $2.16. At the same unit price, how many pencils could he buy with $4.50?
    11·1 answer
  • Jade and Dwayne work at a candy store. Every day for 7 days, Jade sold 10 packs with 6 candies each, and Dwayne sold 8 packs wit
    11·1 answer
  • What will happen to the median of the data below if the outlier is removed? {63, 53, 58, 13, 52, 51, 57}
    14·1 answer
  • 90% of 11 is what number
    15·1 answer
  • What is the cosine for a angle of 15 degrees?
    10·1 answer
  • Which construction is illustrated above?
    6·1 answer
  • Deja has two baskets of berries. One of the baskets has 3 3/8 pounds of berries and the other basket has 2 7/8 pounds of berries
    13·1 answer
  • A custom t-shirt company charges a $200 setup fee and $5 per t-shirt. Write an equation that can be used to determine how many t
    7·2 answers
  • 10. How many solutions does this system of equations have? Explain how you know.
    9·1 answer
  • Please help this is due today
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!