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
Anna007 [38]
3 years ago
8

An investment of $8500 increases in value by 4.5% every year. How long until the investment

Mathematics
1 answer:
riadik2000 [5.3K]3 years ago
6 0

Answer:

16 years

Step-by-step explanation:

Given data

Principal= $8500

Rate= 4.5%

Final amount=  $17,323

The expression to find time in compound interest is given as

t= ln(A/P)/r

substitute

t= ln(17323/8500)/0.045

t= ln(2.038)/0.045

t=0.711/0.045

t= 15.8 years

Hence the total time is about 16 years

You might be interested in
Which expression is equivalent to 5(9 + 7)?<br><br> 14 + 12<br> 14 + 7<br> 45 + 7<br> 45 + 35
nika2105 [10]
5(9 + 7) = 5 x 9 + 5 x 7 = 45 + 35
3 0
3 years ago
The perimeter of a college basketball court is 96 meters and the length is 14 meters more than the width. What are the dimension
soldi70 [24.7K]

Answer:

length = 32m, width= 16m

Step-by-step explanation:

l=2w

2(2w+w)=96

2(3w)=96

6w=96,w= 96/6 = 16m

l=2w=2x16=32m

8 0
3 years ago
Read 2 more answers
Anely and Sandra get paid per project. Anely is paid a project fee of $40 plus $11.50 per hour. Brenda is paid a project fee of
alexdok [17]

Answer:

$68 to hire and 28.25 per hour to hire both

Step-by-step explanation:

7 0
2 years ago
Help. Please look at the picture. Thanks.
densk [106]

Answer:

Monday: 2 hours

Tuesday: 7 miles

Thursday: 27 miles

Friday: 2 hours

Step-by-step explanation:

Monday: 16 divided by 8 = 2

Tuesday: 21 divided by 3 = 7

Thursday: 9 x 3 = 27

Friday: 16 divided by 8 = 2

I hoped this helped

4 0
3 years ago
Y2 +z; use y = 6, and := 2​
Kisachek [45]

Answer:

38

Step-by-step explanation:

3 0
2 years ago
Other questions:
  • 10 kids are randomly grouped into an A team with five kids and a B team with five kids. Each grouping is equally likely. (a) Wha
    14·2 answers
  • What happens to the value of the expression 70-3g, minus, 3, g as increases?
    11·2 answers
  • List the factors of 15. list the multiples through 15 of each number
    11·2 answers
  • What is 275,608 rounded to the nearest thousand
    6·2 answers
  • Freeeeeee Points whats 2 plus 100009​
    11·1 answer
  • Can someone help me :)) please ASAP !! :)) thanks
    12·1 answer
  • The answer that is selected is just a guess
    5·1 answer
  • Hiiiiiii hiiiiiiiii ji​
    12·2 answers
  • Please help me i’m doing an test
    10·2 answers
  • Mr. Ehling bought a pencil sharpener and 2 posters for a total of $28.99. If
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!