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
kramer
3 years ago
8

Suppose that $7000 is placed in a savings account at an annual rate of 5.6%, compounded semi-annually. Assuming that no withdraw

als are made, how long will it take for the account to grow to $8036?
Mathematics
1 answer:
madreJ [45]3 years ago
8 0

Answer:

2.5 years

Step-by-step explanation:

Amount= $8036

Principal= $7000

Rate =5.6%

t= ?

n= 2

A= P(1 + r/n)^nt

8036= 7000(1 + 0.028)^2t

1.148= (1 + 0.028)^2t

log(1.148) = log (1 + 0.028)^2t

0.05994= 2t × 0.01199

t= 2.5 years

You might be interested in
Radius  of circle O has a slope of 2.5. What is the slope of the tangent line to circle O through point A?
Zolol [24]
The tangent line is perpendicular to the radius, so will have slope
.. -1/2.5 = -0.4 . . . . . . corresponding to the 3rd selection

6 0
3 years ago
If a restaurant bills totals $85, what amount should be left as a 15$ tips A. $97.75 B. $11.90 C.$12.25 D. $12.75
Nata [24]
If the total bill is $85, and you want to leave a 15% tip, then you can calculate it as follows:

85 * 15%

= 85 * 15/100

= 85 * 0.15

= 12.75

The amount that should be left as a tip is D. $12.75.
4 0
4 years ago
Danny brought 40 fl oz,Luis brought? qt,and Carlos brought
Reil [10]

Answer: multifly then divide

Step-by-step explanation:

8 0
3 years ago
What is the slope of the line on the graph?<br> Enter your answer in the box.
saveliy_v [14]
X= 2 and y=12 please let me know if im right
8 0
4 years ago
Which value of x is the solution set of the following inequality? -x+8&gt;6
spin [16.1K]

answer:

B. \:  2

explanation:

- x + 8 > 6 \\ subtract \: 8 \: from \: both \: sides \\  \\  - x >  - 2 \\ divide \: both \: sides \: by \:  - 1. \: since  \\   - 1 < 0 \: the \: inequality \: direction  \\  changed. \\  \\ x <  \frac{ - 2}{ - 1}  \\  \frac{ - 2}{ - 1}  = 2 \: can \: be \: simplified \: as \: 2 \: by \\ removing \: the \: negative \: from  \\ numerator \: and \: denominator.  \\  \\ x < 2

3 0
3 years ago
Other questions:
  • Tina is placing 30 roses and 42 tulips in vases for table decorations in her restaurant. Each vase will hold the same number of
    5·1 answer
  • If one gallon equals 3.78 liters, how many liters are there in three gallons?
    10·2 answers
  • What fraction of an inch is 1 cm? I know the answer but don’t know how to show it.
    5·1 answer
  • the formula for the volume of a cone is v=1/3pir^2. find the radius to the nearest hundredth, of a cone with a hieght of 5 inche
    5·2 answers
  • Sally wants to purchase some school supplies. Notebooks cost $3 each and pens cost $2 each. Sally is not allowed to purchase mor
    7·1 answer
  • What is an inscribed angle ?
    14·2 answers
  • A dilation maps AB onto A'B'. If the coordinates of the
    12·1 answer
  • Find the interior angle sum for the following polygon.​
    10·1 answer
  • Create two scenarios that reflect either a markup or markdown in price. For each scenario, write two equations to solve for the
    13·1 answer
  • 10% of an amount is 6.2 . Wirk out the original account<br>​
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!