Zachary invested $700 in an account paying an interest rate of 4.9% compounded continuously. Assuming no deposits or withdrawals are made, how long would it take, to the nearest year, for the value of the account to reach $1,360?

Answers

Answer 1

Answer:

14

Step-by-step explanation:

Answer 2

The nearest time period for Zachary to reach the amount is 14 years.

What is compound interest?

Compound interest is the interest on a deposit or loan calculated based on the initial principle, and the collective interest from previous periods.

For the given situation,

Principle, [tex]p=\$700[/tex]

Interest rate, [tex]r=4.9\%[/tex][tex]=0.049[/tex]

Amount, [tex]a=\$1360[/tex]

Compounded continuously, [tex]n=1[/tex]

We have to find the time period, [tex]t[/tex]

The amount formula of compound interest, [tex]a=p(1+\frac{r}{n} )^{nt}[/tex]

On substituting the values,

[tex]1360=700(1+\frac{0.049}{1} )^{1t}[/tex]

Divide by [tex]700[/tex] on both sides,

⇒[tex]\frac{1360}{700}=\frac{700}{700} (1+0.049 )^{t}[/tex]

⇒[tex]1.94=(1.049)^{t}[/tex]

Taking log on both sides,

⇒㏒[tex]1.94[/tex]=[tex]t[/tex]㏒[tex]1.049[/tex]

⇒[tex]0.28=0.020t[/tex]

Divide by [tex]0.020[/tex] on both sides,

⇒[tex]\frac{0.28}{0.020}=t[/tex]

⇒[tex]t=14[/tex]

Hence, the time period is 14 years.

Learn more about compound interest here

https://brainly.com/question/24924853

#SPJ2


Related Questions

simplfy 2(v-4)-5v helpp meee

Answers

Step-by-step explanation:

2(v-4)-5v

= 2v-8-5v

= -3v-8

Multiply. Use a model to help.
5/6
of 12 =

Answers

Answer: 10

Step-by-step explanation: (5/6) times 12

Answer:

10

Step-by-step explanation:

[tex]\frac{5}{6}[/tex] × [tex]\frac{12}{1}[/tex]

Multiply 12 times 5 to get 60. Then, multiply 6 times 1 to get 6.

Lastly, divide 60 by 6, which equals 10.

x + 14 = 113 x=______ solve the question

Answers

Answer:

x=99

Step-by-step explanation:

Move all terms not containing  x  to the right side of the equation.

Two friends receive some money in the ratio 1 to 2.
One friend receives £45 more than the other.
How much money was shared in total?

Answers

Answer:

£135

Step-by-step explanation:

£90 + £45

2:1

hope its correct and helped:)))))))))

Answer:

135

Step-by-step explanation:

Jackson bought snacks for his team's practice. He bought a bag of apples for $2.74
and a 10-pack of juice bottles. The total cost before tax was $26.14. How much was
each bottle of juice?

Answers

Answer:

each bottle of juice costs $2.34

Step-by-step explanation:

2.74+10x=26.14

10x=26.14-2.74

10x=23.40

x=23.40/10

x=2.34

who knows the answer to this????

Answers

There is no problem here
What is the question??

find the inequality represented by the graph​

Answers

Y=-2x-5 should be it

Answer:

y is greater than or equal to -2x-5

Step-by-step explanation:

First find the slope which is -2x and then find the y-intercept which is -5 and then you can just test out if its greater than or equal to, or less than or equal to. To do this you just fill in the point 0,0 and if you do that you should get 0 is  greater than (you can ignore the "or equal to") -5 and is that true? Yes it is! so then the side of the line that the point 0,0 is on should be shaded and since it is your answer is right!

Hope this helped!

What is the measure of the missing angle?

Answers

Answer:

115

Step-by-step explanation:

To find the missing angle all you have to do is add the 2 nonadjacent interior angles which are 75 and 40 to get the exterior angle which is 115.

Hope this helps!:)

75+40+x=180

X= 65

65 + x= 180

Answer is 115°


Combine the like terms to create an equivalent expression:
-3x - 6+ (-1)
Stuck? Watch a video or use a hint.

Answers

Answer: -3x-7

Step-by-step explanation:

5.Divide: 15u20-------3u5 not a minus by the way​

Answers

Answer:

Step-by-step explanation:

[tex]\frac{15u^{20}}{3u^5}=5u^{20-5}=5u^{15}\\[/tex]

Find the measure of angle T for the kite below

Answers

Answer:

Angle T = 43°

Step-by-step explanation:

118+118+81 = 317

360-317 = 43

Help solve for X. I will give brainliest to the best answer!!! PLEASEEEE

Answers

Answer:

8

Step-by-step explanation:

So first do 104+76+104=284

Now form the equation 10x-4+284=360

It is 360 because this is a quadrilateral.

Now combine like terms.

10x+280=360

10x=80

x=8

Check 80-4=76

The other angle is 76 so you know your answer is correct

Josephine lives in a
castle 5 miles north of Earl, and Alexander lives 12 miles east of Earl. How many miles away do
Josephine and Alexander live from each other?

Answers

my guess is 17 i really dont knowwww

A plane flying horizontally at an altitude of 3 miles and a speed of 460 mi/h passes directly over a radar station. Find the rate at which the distance from the plane to the station is increasing when it is 4 miles away from the station. (Round your answer to the nearest whole number.)

Answers

Answer:

10

Step-by-step explanation:

cuz i know okay sheeesh

Which operation should be performed first to simplify the expression below?

19 - 2 \times 8 \div 4 + 6


A
Addition
B
Subtraction
C
Multiplication
D
Division

Answers

Answer:

D) division

Step-by-step explanation:

Bob wants to buy a TV that costs $100. He plans to save $5 per week. How many weeks w will it take Bob to save $100?

Answers

Answer:

he will have to save 5 dollars for 20 weeks

Step-by-step explanation:

5 x 20 = 100

So if the tv cost 100 dollars if he needs 100 you can do 100/5 and that will get you 20 weeks

HELP ! pleaseee I’ve been trying & I still don’t know

Answers

5 hdhshshdhisieu737373929

Answer:

y = 1 over 2 x + 15

Step-by-step explanation:

solve: 2(5x + 3)= 25

Answers

QUESTION:

solve : 2(5x + 3) = 25

SOLUTION:

▶️2(5x + 3) = 25

▶️ 2 × 8x = 25

▶️ 16x = 25

▶️ x = 25/16

▶️ x = 1.5625

ANSWER:

1.5625

Step-by-step explanation:

Step 1:

2(5x+3)=25

(2)(5x) + (2)(3)=25 (distribute)

10x+6=25

Step 2:

10x+6 - 6 = 25 - 6

10x =19

Answer :

X=19 of 10

An angle that measures 133º.

Answers

Answer:

The angle is a Obtuse Angle

an angle that measures 133 degrees is an obtuse angle .

I need this please help me

Answers

Restaurant city b = 41%
Total = 100%

Retail city a = 57%
Total = 100%

Hope this helps
Leave a like


6. It takes about 20 minutes to walk a mile. About how
long would it take to walk a half mile

Answers

If it takes about 20 minutes for someone to walk a mile, then it should be about 10 minutes to walk a half mine, because half of 20 is 10, have a good day!!
10 is the correct answer

The pre-image of pentagon PENTA is rotated 90° clockwise about the origin to create the image of pentagon P'ENTA. Which statement is true?



A. The sum of the angle measures of pentagon PENTA are less than the sum of the angles measures of pentagon P'ENTA

B. After the rotation has been completed, all of the coordinates of the image will be in Quadrant

C. Each side length of pentagon P'ENTA' is twice as long as each corresponding side length of pentagon PENTA.


D. The area of pentagon PENTA is the same as the area of pentagon P'E'NTA​

Answers

yeah dude ima be honesti think it's 145 but don't get mad if it's not right , your welcome

The ratio of dogs to cats in a veterinarian's office is 9:7. What is the ratio of the number of dogs

to the total number of dogs and cats in the veterinarian's office?

Answers

Answer:

The ratio of the number of dogs to the total number of dogs and cats in the veterinarian's office is 9:16.

Step-by-step explanation:

Ratio:

The ratio of a to b is given by:

[tex]a:b = \frac{a}{b}[/tex]

The ratio of dogs to cats in a veterinarian's office is 9:7.

This means that for each 9 dogs, there are 7 cars.

What is the ratio of the number of dogs to the total number of dogs and cats in the veterinarian's office?

9 dogs

9 + 7 = 16 dogs and cats. So

The ratio of the number of dogs to the total number of dogs and cats in the veterinarian's office is 9:16.

help what is 3²×3⁴×3³=?​

Answers

Answer:

19 683

Step-by-step explanation:

To be able to do this, just remember that for example 3 square which is the number "3^" is 3 x 3 and it is the same for others, like 3^^ is 3 x 3 x 3 x 3.

A calculator is helpful for this question, but still doable without calculator.

A number, x, rounded to 1 decimal place is 3.7
Write down the error interval for x.

Answers

Answer: (3.65, 3.74)

Step-by-step explanation:

Now, when we round a number to a given decimal place, we need to look at the decimal to the left of the decimal place where we are rounding.

if it is 5 or more, we round up

if it is smaller than 5, we round down.

Then for example, if we want to round:

4.534

to the first decimal place, we need to look at the second decimal place.

we can see that it is a 2.

Then we round down, and get:

4.5

Now we know that, when rounding to the first decimal place, we have:

x = 3.7

Then the maximum value that x could have is:

x = 3.74 (because here we round down to 3.7)

and the minimum value that x could have is:

x = 3.65 (because here we round up to 3.7)

Then the error interval for x is:

(3.65, 3.74)

Please help me!!!!!!!!!!!!!!​

Answers

The answer is C, 15b4√2b

can someone help find me, giving brainly.

Answers

Step-by-step explanation:

8x+17 = 30 + 5x +20

3x = 30 + 20 -17

3x = 30 + 3

3x = 33

x = 33/3

x = 11

measures = angle Q= 5x +20 = 5(11)+ 20 = 55+20 = 75

hope this will be helpful to you.

plz mark my answer as brainlist plzzzz.

☺️

calcule a área lateral de uma pirâmide regular quadrangular de altura 6 cm e área da base 64 cm2​

Answers

Answer:

bam

Step-by-step explanation:

bam

is a single money that grows interest overtime to a larger sum brainly

Answers

Step-by-step explanation:

while both types of interest that grows every time over time

Solve (x - 2)^2 - 3 = 1 graphically. That is graph y = (x - 2)^2 - 3 and y = 1 on the same set of axes and find the x-value(s) of any points of intersection. Then use algebraic strategies to solve the equation and verify that your graphical solutions are correct.

Answers

Check the attachment(s) for the graphs pertaining to the question

No. 1) Check graph [first attachment]

No. 2) y = (x - 2)^2 - 3, y = 1

           (x - 2)^2 - 3 = 1,

           (x - 2)^2 = 4

            x - 2 = √4, x - 2 = - √4

            x = 4, x = 0

Substitute back to determine the respectively y-value:

y = (4 - 2)^2 - 3 = (2)^2 - 3 = 4 - 3 = 1

Check: y = (0 - 2)^2 - 3 = (-2)^2 - 3 = 4 - 3 = 1

So the points of intersection are (4, 1) and (0, 1). According to the graph, that is correct.

Other Questions
How do taxes impact your weekly/monthly budget? what is rhythm in your own words one aquarium has a length of 7/2 feet, a width of 4/3 feet, and a height of 3/2 feet. what is the volume of the aquarium? Try These out brainliest question 1.Which of the following is not equal to 10 if x=5?a.2xb. 3x-x. 2d.x2-(3x5) Question:Explain what events and actions caused the conflict between Barbara Frietchie and the Confederate soldiers. Write three to four sentences. I give crown btw don't put a random answer pls :) 5.Divide: 15u20-------3u5 not a minus by the way Does a straw have two holes or one? Which line from "The Wild Honeysuckle" reveals the poet's feeling about humans' effects on Nature?A.) Untouched thy honied blossoms blowB.) Hid in this silent, dull retreatC.) No roving foot shall crush thee hereD.) Unpitying frost and Autumn's power 121 what is the answer what was jefferson's bold conclusion about king george lll ? Help plsss asap!!!!!What is the cartoonist suggesting about J.D Rockefellers Standard Oil Company? ILL GIVE BRAINLIESTWell, Mas Tom, he said finally, this old raccoon, he run a long time, but they caught him at last. When John said that, his owner, Tom, lifted the box and the smaller box. Lo and behold, a raccoon jumped out to the ground. Well, thank you, Uncle John! says his owner. He couldn't've been happier. See, John was a prophet and Mas Tom was a whole bunch richer.The Most Useful Slave,Virginia HamiltonBased on this passage, write two to four sentences explaining why enslaved people might have seen Uncle John as a hero. Does crying mean that youre strong or weak?pls use a long explanation on why you think what you think Why use exclamation marks?what effect does it have can someone help find me, giving brainly. compare these ratios 1.2:5 and 1:12. 0:5 and 100:13: 100:1 and 1:100 Timothy is buying 1.4 pounds of cheese for the week. If each pound of cheese costs$3.50, how much will Timothy pay for his cheese?6. How much does Timothy pay for his cheese? pls show work/steps for both questions1. Evaluate [tex]\frac{-5+2i}{1+7i}[/tex]. (Here [tex]i = \sqrt{-1}[/tex].)Write in [tex]a + bi[/tex] form.2. Let [tex]f(x) = \sqrt{36-x^2}[/tex]. Find the domain and range of f(x). Write answers in interval notation.