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
OleMash [197]
2 years ago
14

A person invests 8000 dollars in a bank. The bank pays 4.75% interest compounded daily. To the nearest tenth of a year , how lon

g must the person leave the money in the bank until it reaches 20400 dollars?
Mathematics
1 answer:
Rina8888 [55]2 years ago
7 0

The number of days for which the money is left to reach the 20,400$ mark is; 21.28 days

<h3>Compound interest</h3>

The final amount to be reached is; $20400

The principal amount is; $8,000 and at. rate of 4.75 % compounded.

Hence, it follows that;

  • 20400 = 8000(1+0.045)^(x)

Divide both sides of the equation by 8000; we have;

  • 20400/8000= 1.045^(x)

  • 2.55 = 1.045^(x)

Take log of both sides;

  • x = 0.4065/0.0191

  • x = 21.28 days.

Read more on compound interest;

brainly.com/question/24924853

You might be interested in
Could someone answer this and explain an easier way to do this?
goblinko [34]

Answer:

Area of the figure = 109 cm. square

Step-by-step explanation:

The radius of the semi circle is 12 ÷ 2 = 6 cm.

Area of the semi circle = \frac{1}{2}\pi(6^{2})=18\pi

The radius of the quarter circle is 6 cm.

Area of the quarter circle = \frac{1}{4}\pi(6^{2}=9\pi

The area of the rectangle = 12 × 2 = 24

The area of the figure = 18π + 9π + 24 = 108.78 ≅ 109 cm. square

3 0
3 years ago
Need help please need help
klasskru [66]

Answer:

b.y=4

c. x=6

These are the answers hope this helps

7 0
2 years ago
Need po answer plssss
Ede4ka [16]

Answer:

owshhittttttt mic drop️

7 0
3 years ago
The value of 2.52 is 100. True False​
Illusion [34]

Answer:

False

Step-by-step explanation:

Sorry if I’m wrong I tried my best

6 0
3 years ago
If you can buy 48 plaintains for $24 then how many can you buy with $4 ?
Sophie [7]

Answer:

8 plantains

Step-by-step explanation:

48=$24

x=. $4

192=24x , x= 192÷24= 8

5 0
3 years ago
Read 2 more answers
Other questions:
  • If Yvonne wanted to make 3 dresses that use 4 7/8 you of fa brick each, explain how she could use estimation to make sure she ha
    6·1 answer
  • Use numerals instead of words. If necessary, use / for the fraction bar(s). A parabola is given by the equation y = x2 + 4x + 4.
    6·1 answer
  • 12 to anyone who tells me all the correct answers
    10·1 answer
  • The diameter of the circle above is 86 cm. What is the circumference of the circle? (Use = 3.14.)
    6·1 answer
  • Answers<br> A) A<br><br> B) C<br><br> C) B
    13·1 answer
  • Find the slope-intercept form of the equation of the line passing through the given points. (1, 1), (7, − 1 4 )
    12·1 answer
  • On Mars, an object weighs 60% of its weight on Earth. Shane weighs 125 pounds on Earth. Select all statements that are true abou
    15·1 answer
  • Please help!!
    13·1 answer
  • Which equation is a true statement about CBD below?
    13·1 answer
  • What is 2/3 – (-2/3)?<br> A. -4/3<br> B. 4/3<br> C. 0<br> D. 2/3<br> Answer is B
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!