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Bingel [31]
2 years ago
14

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

Mathematics
1 answer:
erastova [34]2 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.

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which shows the students in order from greatest test score to lease test score Alex 0.95 Octavia 16/20 Tonya 9/10 Wilson 0.87 ​
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4 0
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The landing restuarant order 200 flowers for mother day.the orderd carnation at 1.50$,Rose's at 5.75$and the daisies at 2.60$ ea
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Answer:

She ordered 80 carnations, 50 roses, and 70 daisies.

Step-by-step explanation:

Let x = number of carnations, y = number of roses, and z = number of daisies.  This problem gives us three equations.

 

First, remember that we multiply the price of each flower by the number bought then add up the subtotals, that gives the total amount paid.

Therefore,

1.50x + 5.75y + 2.60z = 589.50

 

Second, the sum of the numbers purchased is the total bought. Therefore,

x + y + z = 200

 

Finally, there are 20 fewer roses than daisies. Therefore,

y = z - 20

 

If you substitute z - 20 in for y in the first two equations, you can rewrite them so they only have x and z.

 

1.50x + 5.75(z - 20) + 2.60z = 589.50

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1.50x + 8.35z = 704.50

 

x + (z - 20) + z = 200

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x + 2z = 220

 

If you solve the rewrite second equation for x, you get x = 220 - 2z.  Therefore, you can substitute 220 - 2z in for x in the rewritten first equation, and then solve for z.

 

1.50 (220 - 2z) + 8.35z = 704.50

330 - 3z + 8.35z = 704.50

330 + 5.35z = 704.50

5.35z = 374.50

z = 70

 

If you have z = 70, then x = 220 - 2(70) = 80 and y = 70 - 20 = 50.

 

She ordered 80 carnations, 50 roses, and 70 daisies.

*HOPE THIS HELPED!!! :D)

4 0
3 years ago
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