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2 years ago

-36.12 divided by -5 3/5

Mathematics

1 answer:

Nataliya [291]2 years ago

5 0

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Ella invested $2,700 in an account paying an interest rate of 5.4% compounded

Dmitry [639]

Answer:

<em>The account will take 7 years to reach a value of $4,020</em>

Step-by-step explanation:

<u>Compound Interest </u>

When it occurs interest in the next period is then earned on the principal sum plus previously accumulated interest.

The formula is:

$A=P\left(1+{\frac {r}{n}}\right)^{nt}$

Where:

A = final amount

P = initial principal balance

r = interest rate

n = number of times interest applied per time period

t = number of time periods elapsed

Ella invested P=$2,700 in an account with an interest rate of r=5.4% (0.054) compounded monthly. Since there are 12 months in a year, n=12.

It will be calculated when will the account have a value of A=$4,020. Substituting all the values in the formula:

$4,020=2,700\left(1+{\frac {0.054}{12}}\right)^{12t}$

Calculating:

$4,020=2,700\left(1.0045)^{12t}$

Dividing by 2,700:

$\frac{4,020}{2,700}=\left(1.0045)^{12t}$

To solve this equation for t, we need to apply logarithms:

$\log\frac{4,020}{2,700}=\log\left(1.0045)^{12t}$

Applying the logarithm power rule:

$\displaystyle \log\frac{4,020}{2,700}=12t\log 1.0045$

Dividing by 12log 1.0045:

$\displaystyle t=\frac{\log\frac{4,020}{2,700}}{12\log 1.0045}$

Calculating:

t= 7.39 years

Rounding to the nearest year, the account will take 7 years to reach a value of $4,020

3 0

3 years ago

Read 2 more answers

Determine what type of statistical test should be used to answer each of the questions below. (You will only use each response o

Svet_ta [14]

Answer:

1.One proportion

2. Proportions from Dependent Samples

3. Two Independent Proportions

4. One Mean

5. Means from Dependent Samples

6. Two Independent Means

Step-by-step explanation:

What proportion of Americans believe in climate change? - One proportion

From the above information, there is only one sample and the question is about proportion. So, we must use "One proportion".

Do college students change their view on climate change as they go through college? One hundred freshman are asked if they believe in climate change. The same students are asked four years later if they also believe in climate change. - Proportions from Dependent Samples

From the information given, there are two samples and samples are dependent ( that is same students are asked four years later). Furthermore, the question is about proportion, we must use " Proportions from dependent samples ".

Is there a difference in the proportion of men and women who believe in climate change? - Two Independent Proportions

From the information given, there are two independent samples and they are asking about proportion, we must use "Two independent proportions".

What is the average amount of time that Americans spend watching or reading the news a day? - One Mean

From the information, there is only one sample and they are asking about mean. Therefore, we must use ". One mean".

Is there a difference in the amount of time that college students spend reading or watching the news as they go through college? One hundred students were asked as freshmen and as senior how many minutes a day they spent reading or watching the news? - Means from Dependent Samples

There are two samples and samples are dependent ( the same students are asked four years later). Also, they are asking about mean, we must use "Means from dependent samples ".

Is there is a difference in the amount of time that Republicans and Democrats spend watching or reading the news? - Two Independent Means

From the information given, there are two independent samples and they are asking about mean, we must use "Two independent means".

8 0

3 years ago

The diagram represents a triangle that is reduced by a scale factor of 0.4.

NARA [144]

Answer:the answer would be 8.

Step-by-step explanation:

If you look at the reduced triangle, the height is 2. Therefore you would have to multiply by 4 instead of 0.4 even if the scale factor is 0.4. The reason is, you are enlarging the triangle to find the bigger triangle. If you did 0.4 times 2 you would get 0.8. But that wouldn’t make any sense if you said that that was the height of the ENLARGED triangle.

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3 years ago

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(I have to check 2) Which of the following statements are true? Check all that apply.

miss Akunina [59]

Answer:

The true statements are B and C

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3 years ago

Ramon made a $225.00 purchase. A 7% sales tax was added to his

storchak [24]

Answer: