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
Salsk061 [2.6K]
3 years ago
11

You invest $1,000 in a certificate of deposit (CD) that earns 5% interest every year. If the function that represents the growth

of your money is f(x)=1.05x, in what year will your CD be worth at least $1,300?
Year 6
Year 4
Year 7
Year 5
Mathematics
1 answer:
OlgaM077 [116]3 years ago
7 0

The year my money would be at least $1300 is year 6.

<h3>In what year would the money be at least $1300?</h3>

The formula that can be used to determine the number of years that $100 would have a value of $1300 is:

Number of years =  In(FV / PV) / r

Where:

  • FV = future value
  • PV = present value
  • r = interest rate

In(1300 / 1000) / 0.05

0.2623642645 / 0.05

= 5.2 years

Future value in 5 years = $1000(1.05^5) = $1276.28

Future value in 6 years = $1000(1.05^6) = $1340.10

To learn more about future value, please check: brainly.com/question/21841217

You might be interested in
Out of the three, 0.4, 0.42, and 0.41, which one is bigger?
Vedmedyk [2.9K]

Answer:.42


Step-by-step explanation:


5 0
4 years ago
Read 2 more answers
What is the sum 1,826+2,149+1,023
saul85 [17]

Answer:

4998

Step-by-step explanation:

hope this helps

8 0
2 years ago
Read 2 more answers
Evan used half of his pay check for his car payment, then $125 for groceries. If he has $215 left, how much was his paycheck?
elena-s [515]
680 because if 125+215=340 then that’s the car payment. Multiply that by two and you get your answer.
7 0
3 years ago
Suppose that the price p, in dollars, and the number of sales, x, of a certain item follow the equation 5p+5x+3px=71. Suppose al
vova2212 [387]

Answer:

decrease of 1.153 sales per day

Step-by-step explanation:

Given:-

- The price of item = p

- The number of sales = x

- The relationship between "p" and "x" is given below:

                             5p+5x+3px=71

Find:-

Find the rate at which x is changing when x=3, p=4, and dp/dt=1.4. The rate at which x is changing is [ ] sales per day

Solution:-

- Take the time derivative (d/dt) of the entire given expression and apply chain rule on d/dt ( 3px ). Since both "p" and "x" are only functions of time "t":

                               d/dt (5p+5x+3px=71)

                               5*dp/dt + 5*dx/dt + 3* ( x*dp/dt + p*dx/dt) = 0

- Use the given values x=3, p=4, and dp/dt=1.4 to determine dx/dt:

                               5*1.4 + 5*dx/dt + 3*3*1.4 + 3*4*dx/dt = 0

                               17dx/dt = -19.6

                               dx/dt = -1.153 sales per day

- There is a decrease of 1.153 sales per day.

6 0
3 years ago
Calculate the median of 5,10,12,4,6,11,13,15
Firlakuza [10]
The median would be 10.5
7 0
3 years ago
Other questions:
  • Help please!!!!!!!!!!!!​
    10·2 answers
  • I need help with these questions
    5·1 answer
  • Waves transport _______ over distances.
    13·2 answers
  • Which graph represents f(x)=6cos(4πx) ?
    13·1 answer
  • 8.09 is greater than 8.090​
    8·2 answers
  • That’s my question ^^
    5·2 answers
  • How many terms are in the following expression?<br> 2x+4y+8-2
    10·2 answers
  • Y=-(x + 1) - 5<br> find domain and range
    15·1 answer
  • Y=2x^2 - 10x + 13<br> Find the value.
    7·1 answer
  • Which numbers are polygons
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!