A person invests 3000 dollars in a bank. The bank pays 6% interest compounded quarterly. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 7700 dollars?

Answers

Answer 1

Answer:

16 years approx

Step-by-step explanation:

Given data

P=$3000

r= 6%

A= $7700

t= ??

The compound interest formula is

A= P(1+r)^t

Calculate time, solve for t

t = ln(A/P) / r

substitute

t= ln(7700/3000)/0.06

t= ln(2.566)/0.06

t= 0.942/0.06

t= 15.7

The time is 16 years approx


Related Questions

Your sister goes to a restaurant with her friends. The total for the food is $50.43. How much TAX will you pay if the percentage rate is 6%?

Answers

Answer:

3.0258

Step-by-step explanation:

50.43*6%=3.0258

A circular bracelet has a radius of
5cm

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Answer:

ye

Step-by-step explanation:

..

om need hjbhhbb points bbbvvghhhhjjnnnnnn

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la cantidas es 45 mas 8 ya ñara poder tener ka cagdlfenjelsflahevveyjew

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Answer:

5

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,.,.,.,.,.,.,.,

Daryl jumped off of a diving board, and dove into a pool. The graph below shows his height relative to the surface of the water over time, where Daryl’s height (y) is measured in meters and time (x) is measured in seconds. Which of the following statements are true? (Please select all options which are true.)

Answers

Answer:

B,D,E

Step-by-step explanation:

Not entirely sure

Hello
I have to write at least 20 words to say hi.

Answers

Hi

I have to write at least 20 words to say hello.

-8-8(6x+1) i can’t solve this

Answers

Answer:

Step-by-step explanation:

Answer: -48x-16

Step-by-step explanation:

-8-8(6x+1)

So we are going to let the first -8 stand still for a moment and focus on the "-8(6x+1) part. We will solve this using distributive property.

-8 x 6x = -48x

and

-8 x 1 = -8

This is our new problem -8 -48x -8 .

Lets do like terms. Our like terms are (-8) and (-8). And we know -8 -8 = -16.

Now we'll add that to our (-48x) . I hope you can understand this!

Problem 2. Smasher Van bound for Koronadal City leaves Polomolok every 15 minutes
while Nustafa Van leaves every 20 minutes.
5. How often do the two vans leave Polomolok at the same time
a. every 30 minutes
c. every 1 hour
b. every 40 minutes
d. every 2 hours
6. How many times will the Smasher Van leave Polomolok so that the two von leave
together
a. 2 times b. 3 times c. 4 times d. 5 times
7. How many times will the Nustafa Van leave Polomolok so that the two vons leave
together
a. 2 times b. 3 times c. 4 times d. 5 times​

Answers

Answer:

5. c. Every 1 hour

6. c. 4 times

7. b. 3 times

Step-by-step explanation:

The given parameters of the rate of departure of the two vans are;

The rate of departure of Smasher Van bound for Koronadal City = Every 15 minutes

The rate of departure of Nustafa Van= Every 20 minutes

5. The time, 'x', when the two vans leave at the same time is given by the Lowest Common Multiple (LCM) of 15 and 20 as follows;

Multiples of 15 = 15, 30, 45, 60

Multiples of 20 = 20, 40, 60

Therefore, the LCM of 15 and 20 = 60

The time, when the two vans leave at the same time = Every 60 minutes = Every 1 hour

The time, when the two vans leave at the same time = Every 1 hour

6. The number of times the Smasher Van leaves Polomolok so that the two vans leave together is given by the number of multiples 15 minutes in 60 minutes = 60 minutes/(15 minutes) = 4 times

7. The number of times the Nustafa Van leaves Polomolok so that the two vans leave together is given by the number of multiples 20 minutes in 60 minutes = 60 minutes/(20 minutes) = 3 times.

5. c. Every 1 hour

6. c. 4 times

7. b. 3 times  

Let's solve it one by one:

The given parameters of the rate of departure of the two vans are;

The rate of departure of Smasher Van bound for Koronadal City = Every 15 minutes

The rate of departure of Nustafa Van= Every 20 minutes

5. The time, 'x', when the two vans leave at the same time is given by the Least Common Multiple (LCM) of 15 and 20 as follows;

Multiples of 15 = 15, 30, 45, 60

Multiples of 20 = 20, 40, 60

Therefore, the LCM of 15 and 20 = 60

The time, when the two vans leave at the same time = Every 60 minutes = Every 1 hour

The time, when the two vans leave at the same time = Every 1 hour

6. The number of times the Smasher Van leaves Polomolok so that the two vans leave together is given by the number of multiples 15 minutes in 60 minutes = [tex]\frac{60}{15}=4\text{times}[/tex]

7. The number of times the Nustafa Van leaves Polomolok so that the two vans leave together is given by the number of multiples 20 minutes in 60 minutes = [tex]\frac{60}{30}=3\text{times}[/tex]

Learn more:

brainly.com/question/18369259

What is the area of the composite figure?
65 cm2
52.5 cm2
40 cm2
60 cm2​

Answers

Answer:

65 cm²

Step-by-step explanation:

follow for more on my id

Answer:

65 cm I just took the test

Step-by-step explanation:

126=i/6 what operation would I use and how would I solve it

Answers

Answer: Multiply 6 by 126 which gives 756

Step-by-step explanation: Picture it like a triangle. i is over six so it's going to by at the top of the triangle. This leaves one empty space where 126 goes. This method makes it easier for me when dealing with a question like this. The two numbers that multiply together will always go at the bottom while the numerator of the fraction (i in this case) will be at the top.

Answer: I=756

Step-by-step explanation: hope this help :D

Let's solve your equation step-by-step.

126=i/6

Step 1: Multiply both sides by 6.

126=i/6

(126)*(6)=(i/6)*(6)

756=i

Step 2: Flip the equation.

i=756

Answer:i=756

HELP it is due tomorrow and I am super super stuck I have been doing this one for the last 2 days and did I make any progress? NOOOOOOOOOO I GIVE UP

Answers

Step-by-step explanation:

First thing you need to do is Slope - intercept form of the line going through point A and B.

Slope-intercept form: y = mx + b (m = slope, b = y-intercept)

To get slope: [tex]\frac{y2 - y1}{x2-x1}[/tex]

Lets set point A as point1 (x1, y1) and point B as point2(x2, y2).

x1 = -4

x2 = 8

y1 = 6

y2 = 3

If you plug these numbers in the slope equations:

[tex]\frac{3 - 6}{8 - 4}[/tex] = [tex]\frac{-3}{4}[/tex]

m = [tex]\frac{-3}{4}[/tex]

So a parallel line is a line that has a different b value but the same slope value.

To get b  for the parallel line : we need to substitute the x and y for a given point (0,-2).

which will make -2 = 0([tex]\frac{-3}{4}[/tex] ) + b

now we solve for b:

-2 = 0 +b

b = -2

So the whole Slope-intercept form of the parallel line is: y = [tex]\frac{-3}{4}[/tex] x -2

You are planning a party. Your friend tells you how much she paid $4.50 for three party grab bags. How much will it cost you to buy seven of the grab bags.

Answers

Answer:

10.5

Step-by-step explanation:

4.50 ÷ 3 = 1.5

1.5 × 7 = 10.5

Answer:

$10.50

Step-by-step explanation:

Divide 4.50 by three. (1.5)

Multiply by 7 (10.5)

I hope this helps!

Plz, marl brainliest!

Pepper has 7.5 bags to clear 12 yd squared to distribute evenly among the beds . About how many bags will she need to use for each square yard?

Answers

Answer:

5/8 bags

Step-by-step explanation:

Pepper ha 7.5 bags

These bags are needed to clear 12 yards squared equally

Therefore the number of bags required for each square yard can be calculated as follows

= 7.5/12

= 0.625

0.625 to fraction is 5/8

Hence 5/8 bags is needed for each square yard

If 95% of students are coming to school tomorrow, what is the complement?

Question 5 options:

A. 95%


B. 100%


C. 1%


D. 5%

Answers

Answer:

d

Step-by-step explanation:

can you help me with this question According to Frost in his poem "The Road Not Taken," what kind of difference did taking one road over another road make? A. It made a good difference, B. It made a bad diference, c. Frost does not say

Answer:

the answer is d

Step-by-step explanation:

it only takes 5% to get to 100%

Which of the following best describes the solution to the system of equations below?
6x + 5y=8
6x + 5y=15

A. The system of equations has infinitely many solutions.
B. The system of equations has exactly one solution where x=0 and y =8/5
C. The system of equations has no solution.
D. The system of equations has exactly one solution where x = 8 and y= 15.

Answers

Answer:

the correct answer is C the system of equations has no solution.

Convert 64°F to degrees Celsius.
If necessary, round your answer to the nearest tenth of a degree.
Here are the formulas.
C= 5 (F-32)
P=C+32

Answers

The answer to your question is
Celsius = 17.7

2x + 6y = −6,

4x − 3y = −12


What is the solution to the system of equations?

(
,
)

Answers

Answer:

x=-3, y=0. (-3, 0).

Step-by-step explanation:

2x+6y=-6

4x-3y=-12

---------------

-2(2x+6y)=-2(-6)

4x-3y=-12

---------------------------

-4x-12y=12

4x-3y=-12

----------------

-15y=0

y=0/-15=0

2x+6(0)=-6

2x=-6

x=-6/2

x=-3

PLEASE HELP!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Answers

Answer: 8463160

Step-by-step explanation:

Answer:

8463160

Step-by-step explanation:

                https://byjus.com/rounding-to-the-nearest-tenth-calculator/

27 to the power of 0.5 times 3 to the power of -0.5

Answers

Answer:

3

Step-by-step explanation:

Answer:

3

Step-by-step explanation:

A store wants to mark up
their prices by 12%.
What would the markup
be on a $40 lamp?
What is the final price?
And how did you solve it

Answers

Answer:Plus, calculate your profit margins, total revenue and more with FreshBooks ... Whether you sell online or in a retail store, you can set the perfect price for each ... service sold, you want to charge a price that's a percentage above how much it costs ... If Product A costs $10, the marked-up selling price would be $15 ( $10 x .50 ...

Step-by-step explanation:

Plus, calculate your profit margins, total revenue and more with FreshBooks ... Whether you sell online or in a retail store, you can set the perfect price for each ... service sold, you want to charge a price that's a percentage above how much it costs ... If Product A costs $10, the marked-up selling price would be $15 ( $10 x .50 ...

Answer:

$44.80

Step-by-step explanation:

Here' s  an equation to help you with percent problems:    part            %

                                                                                               -------    =    -----

                                                                                              whole         100

Because you want to find 12%, the % in the equation would be replaced with 12. The part would be x because that's what u need to find. The whole would be 40. Cross multiply to get 100x = 480. Divide 480 by 100 to get x = 4.80. Add 4.80 to 40.00 to get the final price. The final price is $44.80.

please help me what is the answers

Answers

Answer:

What is your question. Please refer to a single question.

help plz i’ll give extra points

Answers

Answer:

A

Step-by-step explanation:

Find the slope of a graph
I'll GIVE BRAINLESS

Answers

Answer: 5/4

Step-by-step explanation:

3 positive integers numbers that add up to 10
Help please

Answers

Answer:

3+2+5

Step-by-step explanation:

AHHHHAHHHHAHHH IM DOING MY TEST!! ITS REVIEW OF MY 6TH GRADE CUZ I DIDNT PASS

Answers

Answer:

Good Luck!! try your best,

Step-by-step explanation:

What is a venn diagram​

Answers

Answer:

A Venn diagram is an illustration that uses circles to show the relationships among things or finite groups of things

Venn diagrams help to visually represent the similarities and differences between two concepts.

Hello! I'm gettin' rekt right now, and I need help.
1st Question: How do you find the average of a number on a number line?
2nd Question: How do you find the average of 2 numbers on a number line?

Answers

Answer:

Step-by-step explanation:

Hm. I'm not sure what your asking, but I'll try my best.

To find an average, you would add all the numbers up, and then divide how many numbers there are.

Let me explain: If you wanted to find a average on a number line, that means you want to find one number on the number line. On this case, you would just take the number on the number line, and then divide it by 1.

2nd question: This question is the same as the first, except theres two numbers now, instead of 1. For this one, you would add up the 2 numbers, and then divide it by 2.

Hope this helps!

Find the area of a square with sides of length 1/3 (fraction) yard.

Answers

Answer:

A. 1/3 sq yard

*sneezes cutely

Step-by-step explanation:

change your name

DO IT. DO IT NOW. Why arent you listenin-

help
3 − 4 + 16 − 10 + 2=​

Answers

Step-by-step explanation:

3 - 4 + 16 - 10 + 2

= 7

hope it helps :)

Step-by-step explanation:

3 − 4 + 16 − 10 + 2 [B.O.D.M.A.S rule] (First addition)

= 3 + 16 + 2 - 4 -10

= 21 - 14. (Then subtraction)

= 7 (Ans)

I cant get any of these and it’s late someone help me!pleaseeeeei used to be a straight A student I need help with all of them

Answers

Answer

3

6

18.85

28.27

Step-by-step explanation:

O can help with the rest if needed but the basic equations is

Circumference = 2 times pie times the radius (on this case 3)

Area = pie times radius squared

Please I need this now
Whoever can answer this I will make a brainliest​

Answers

Answer:

djchdjcycuchrivivurtiytvivytivi8fr cgdyhcd8w

C, B, D, D, A, C, B, D, C, B
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