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
Bingel [31]
3 years ago
14

A person invests 3500 dollars in a bank. The bank pays 4.75% interest compounded

Mathematics
1 answer:
erastova [34]3 years ago
6 0

9514 1404 393

Answer:

  10.7 years

Step-by-step explanation:

The formula for the balance in an account earning compound interest is ...

  A = P(1 +r/n)^(nt)

where principal P is invested at annual rate r compounded n times per year for t years. We want to solve for t.

  5800 = 3500(1 +0.0475/4)^(4t)

  58/35 = 1.011875^(4t) . . .  divide by 3500 and simplify a bit

  log(58/35) = 4t·log(1.011875) . . . . take logs

  t = log(58/35)/(4·log(1.011875)) . . . . divide by the coefficient of t

  t ≈ 10.6966 ≈ 10.7

The person must leave the money n the bank for about 10.7 years for it to reach $5800.

You might be interested in
NEED HELP ASAP!!
Kaylis [27]

Answer:

20²+21² = x²

841= x²

x= 29

nearest tenth = 30

4 0
3 years ago
Read 2 more answers
a large pizza is advertised to have 14 inch diameter. If a costumer orders two large pizzas, how many squares inches of pizza wi
kari74 [83]
Radius ^2 * pi = 1 pizza * 2 = area of 2 pizzas = 307.876 in ^2
5 0
3 years ago
Read 2 more answers
Draw a picture of the standard normal curve and shade the area that corresponds to the requested probabilities. Then use the sta
elena-14-01-66 [18.8K]

Answer:

a)P [ z > 1,38 ] = 0,08379

b) P [ 1,233 < z < 2,43 ]  = 0,1012

c)  P [ z > -2,43 ]  = 0,99245

Step-by-step explanation:

a) P [ z > 1,38 ] = 1 -  P [ z < 1,38 ]

From z-table  P [ z < 1,38 ] = 0,91621

P [ z > 1,38 ] = 1 - 0,91621

P [ z > 1,38 ] = 0,08379

b)  P [ 1,233 - 2,43 ]  must be  P [ 1,233 < z < 2,43 ]

P [ 1,233 < z < 2,43 ]  = P [ z < 2,43 ] - P [ z > 1,233 ]

P [ z < 2,43 ]  = 0,99245

P [ z > 1,233 ] = 0,89125    ( approximated value  without interpolation)

Then

P [ 1,233 < z < 2,43 ]  = 0,99245 - 0,89125

P [ 1,233 < z < 2,43 ]  = 0,1012

c) P [ z > -2,43 ]

Fom z-table

P [ z > -2,43 ] = 1 - P [ z < -2,43 ]

P [ z > -2,43 ] = 1 - 0,00755

P [ z > -2,43 ]  = 0,99245

8 0
3 years ago
9+3.5g=11−0.5g<br> g=????
Hoochie [10]
Substitution. g= 1/2
3 0
3 years ago
What is 1/2 ÷ 2/3 =?
geniusboy [140]

Answer:

3/4

Step-by-step explanation:

1/2/2/3= 1/2*3/2 which is  3/4

Hope this helps plz mark brainliest :D

7 0
3 years ago
Read 2 more answers
Other questions:
  • The sum of the reciprocals of two consecutive odd integers is 24/143. find the two integers.
    9·1 answer
  • A wise man once said, "400 reduced by<br> twice my age is 276." What is his age?
    10·1 answer
  • What is the value of X and are these angles Complementary or supplementary
    12·1 answer
  • Jesse has a storage container in the shape of a right rectangular prism. The volume of the container is 43.875 m³, the length is
    13·2 answers
  • Please help me on numbers 5-7 thanks
    6·1 answer
  • There is a line whose slope is 7 and whose y-intercept is 9. What is its equation in slope-intercept form?
    8·1 answer
  • Help for brainliest!
    5·1 answer
  • 11b.) A sign in a bakery gives the following options. Find each unit price to the nearest cent, and show your reasoning. You can
    7·1 answer
  • On a coordinate plane, a parabola opens up. It goes through (negative 8, negative 2), has a vertex at (negative 5, negative 6.5)
    6·1 answer
  • You have 8 shirts and 5 pairs of pants. How many outfits are there?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!