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
frozen [14]
3 years ago
7

A person invests 6500 dollars in a bank. The bank pays 7% interest compounded

Mathematics
1 answer:
Inessa [10]3 years ago
6 0

Answer:

t=16.2 years

Step-by-step explanation:

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

A=$20100

P=$6500

r=7%=0.07

n=4

t=?

t=ln(A/P)/n {ln(1+r/n)}

=ln(20100/6500) / 4{ln(1+0.07/4)}

=ln(3.0923)/4{ln(1+0.0175)}

=ln(3.0923)/4{ln(1.0175)}

=1.1289/4(0.0174)

=1.1289/0.0696

=16.23

To the nearest tenth

t=16.2 years

You might be interested in
Suppose a basketball team had a season of games with the following characteristics:
Masteriza [31]

Answer:

Hello Sir/ Mam

YOUR REQUIRED ANSWER IS 18.6%

Variables defined in the question:

H - Home - Games

W - Winning Games

Now, given:

P(H0.62 PW)0.22

P(W\mid H)=0.30

Required : Of all the games, percentage of games that were at home wins.

Hence, required :

P(W\cap H)

Now, we know that:

P(W\mid H)=\frac{P(W\cap H)}{P(H)}

0.3=\frac{P(W\cap H)}{0.62}

Hence,

P(W\cap H)=0.3*0.62=0.186=18.6\%

I hope this solves your doubt.

Feel free to comment if you still have any query.

Do give a thumbs up if you find this helpful.

Step-by-step explanation:

5 0
3 years ago
Garrett found the slope of the values in the table: A 2-column table with 3 rows. Column 1 is labeled Years: x with entries 4, 8
kakasveta [241]

Answer:

B

Step-by-step explanation:

5 0
3 years ago
Read 2 more answers
Point-lope form for the line that pae through the point (1, –1) and ha a lope of 4
max2010maxim [7]
Answer is
Point-slope form: y + 1 = 4(x -1)
Assuming you wanted
Slope-intercept form: y = 4x -5

Step by step

y - - 1 = 4(x -1)

y + 1 = 4(x -1)

y + 1 = 4x -4

y = 4x -5


3 0
1 year ago
SELECT ALL the expressions that are equivalent to -2(4 - 3x) + (5x - 2)
erma4kov [3.2K]

Answer:

Option B, c and e are the correct

7 0
3 years ago
A bowler knocks at least 6 pins 70% of the time.Out of 200 rolls, how many times can you predict the bowler will knock down at l
ankoles [38]

The bowler will hit 6 pins 140 times because 70% of 200 is 140

6 0
3 years ago
Other questions:
  • the base of a triangle and a parallelogram are the same length there Heights are also the same if the area of the parallelogram
    5·1 answer
  • Howard has a garden in the shape of a rectangle. The length is 5.4 meters The width is 1.5 meters Howard will increase both the
    14·1 answer
  • Consider the differential equation y'' − y' − 12y = 0. Verify that the functions e−3x and e4x form a fundamental set of solution
    10·1 answer
  • In designing an experiment involving a treatment applied to 4 test​ subjects, researchers plan to use a simple random sample of
    12·1 answer
  • Can someone please help me with this? I don't really understand it and I would really appreciate if you can show me step by step
    10·1 answer
  • Kendrick’s math quiz grades are 90, 100, 48, 88, 100, and 96. Find the MEAN of Kendrick’s scores.
    7·1 answer
  • A coin is tossed 4 times. What is the probability that you will get heads all four times?
    14·1 answer
  • Write a real-world situation for the inequality below. <br> 8 - 2x ≤ 5
    12·1 answer
  • Representative money has value because:
    12·1 answer
  • Help will be appreciated I need help with math
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!