A person invests 8500 dollars in a bank. The bank pays 6% interest compounded semi-annually. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 15500 dollars?

A Person Invests 8500 Dollars In A Bank. The Bank Pays 6% Interest Compounded Semi-annually. To The Nearest

Answers

Answer 1

The time required to get a total amount of $15,500.00 with compounded interest on a principal of $8,500.00 at an interest rate of 6% per year and compounded 2 times per year is 10.162 years (about 10 years 2 months)

Compound Interest Analysis

Given Data

Principal P = $8,500Rate  r = 6%Final Amount A = $15500Time t  = 1 year

Calculation Steps:

First, convert R as a percent to r as a decimal

r = R/100

r = 6/100

r = 0.06 per year,

Then, solve the equation for t

t = ln(A/P) / n[ln(1 + r/n)]

t = ln(15,500.00/8,500.00) / ( 2 × [ln(1 + 0.06/2)] )

t = ln(15,500.00/8,500.00) / ( 2 × [ln(1 + 0.03)] )

t = 10.162 years

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Related Questions

The train was late is a compound or simple sentence

Answers

Answer:

This would be a compound sentence

Step-by-step explanation:

Hope that helps

a glass fish tank in the shape of a rectangular prism has a base that measures 22 inches by 12 inches. If the tank can hold a maximum of 3,960 cubic inches of water, how much glass was used to construct the tank?

Answers

Answer:

582.76 square inches of glass is required to construct the tank.

Step-by-step explanation:

Base dimension = 22×12 inches

volume of fish tank =3960 cubic inches

volume= l×b×h

3960=22×12×h

h=3960/(22×12)

h=3960/462

h=8.57 inches

the glass used=lateral surface area of a rectangular prism

=2h(l+b)

=2×8.57(22+12)

=17.14(34)

=572.76square inches

Arrange the following in order of increasing radius: O2-, F- , Ne ,Rb ,Br- Group of answer choices O2- < F- < Ne < Rb < Br- Br- < Rb < Ne < F- < O2- F- < Br- < O2- < Ne < Rb F- < O2- < Ne < Br- < Rb Rb < F- < Br- < Ne

Answers

The arrangement in order of increasing radius is F⁻ < O²⁻ < Ne < Br⁻  < Rb

Atomic radius

This is the distance between the outermost electron and the nucleus

Electronic configuration of an atom

This is the arrangement of electrons around the nucleus

The electronic configurations of the elements are given in increasing order of atomic radius belowO - 2, 6 < F - 2, 7 < Ne - 2, 8 < Br - 2, 8, 18, 7 < Rb - 2, 8, 18, 8, 1

Ionic radius

This is the radius of an atom forming ionic bond

Since we have anions in the question and the atomic radius of an anion is greater than that of the corresponding atom,

So, we have the electronic configurations of the corresponding ions in increasing order of ionic radius

F⁻ - 2, 8, < O²⁻ - 2, 8 < Ne - 2, 8 < Br⁻ - 2, 8, 18, 8 < Rb - 2, 8, 18, 8, 1

So, the arrangement in order of increasing radius is F⁻ < O²⁻ < Ne < Br⁻  < Rb

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If log, 7 -3 what is the value of x?
A. 21
B. 3V7
C. 37
D. 343

Answers

Answer:

B

Step-by-step explanation:

logₓ 7 = 3

x³ = 7

Take cube root both sides

[tex]x= \sqrt[3]{7}[/tex]

Find the mean of the distribution class 1-3 3-5 5-7 7-9. frequency 9 22 27 17

Answers

Answer:

Hope this helps you

Step-by-step explanation:

Mean= [tex]\frac{404}{75} = 5.386666666666667[/tex]

Therefore, the mean of the given distribution =5.39 or 3.4

If you did not understand anything you can ask in the comments

FedEx charges $14 per package plus $0.20 per
ounce. Write and solve for an equation that can be
used to find the weight of the package that costs
$19.40 to ship?

Answers

Answer:

19.40-14=5.40

5.40÷0.20=ounces

Hope this helps!!!

Answer:

27 ounces

Step-by-step explanation:

$14 package original charging fee

+ .20x27 = 5.40

14 + 5.4 = 19.4

$19.4

Victoria used 1.5 m of red ribbon and 240cm of blue ribbon to make a flower. How much
ribbon did she use in total?

Answers

red ribbon: 150 cm
blue ribbon: 240 cm
add those two up and you get 390cm of ribbon

blue ribbon: 2.4 m
red ribbon: 1.5 m
add them up and you get 3.9 m of ribbon

4. Zowie serves at a restaurant and makes 20% of what their sales as tips with base salary of $10.20 an hour. Each hour Zowie sells an average of $60 worth of food & drinks. They also make time and a half on any time worked over 8 hours in a single shift. If their work week contains three 10‐hour shifts, one 5‐hour shift, and one 11‐hour shift what is Zowie’s annual gross income and annual net income.
Use the income deductions as stated below.


Income Deductions:
• Pension deductions are 5%
• Employment Insurance deductions are 2.4%
• Income Tax deductions are as follows for annual salaries:
i. On the first $11,000, no income tax is paid,
ii. On the first $11,000 to $25,000, 8% of the income is deducted,
iii. On the first $25,000 to $50,000, 12% of the income is deducted, iv. On the first $50,000 to $100,000, 15% of the income is deducted,
v. Any income over $100,000, 20% of that income is deducted.

Answers

Answer:

ii.

Step-by-step explanation:

because i had this same problem and was told that was the answer

what is the range for the possible side lengths AB of ABC.

Answers

Answer:

adg

Step-by-step explanation:

adg is the range for the side lengths AB of ABC

Hope it's help

20+20+???

a. 80
b. 20
c .40
d. 100

Answers

Answer:

its C 40

Step-by-step explanation:

Which expressions are equivalent to 6 +(-x) + 2x + (- 7) + 2x? Check all that apply. O x + x + 6 - 7 + x O 2x + 2 + x O 3-x + 2x - 4 + 2x O x-1 O x + 1 ​

Answers

Answer:  that equivalent to the expression 2x+3x+8-3x-2 would be the choices A and C. If you notice, in choice A, you have just combined all the like terms which results in 2x+6 and in Choice C, you have combined all your constants and the the two terms 2x and 3x resulting in 5x-3x+6 which all remain equivalent to he original given expression

Step-by-step explanation:

Find 6 3/5 divided by 3 1/5 Write in simplest form

Answers

Answer:

[tex]\frac{33}{16}[/tex]

Step-by-step explanation:

33/16 is the answer

pls answer ASAP Plss​

Answers

Buddy it's actually Isosceles Triangle because of the symbols used in the diagram

HELP ASAP HELP ASAP


A map has a scale of 3 cm:20 km. If two cities are 6 cm apart on a map,
how far are the cities actually apart?
6 cm
3 cm
20 km
x km
Cross multiply and solve for "x."
А
30 km
B
40 km
С
60 km.
D
100 km

Answers

A. 30 km is the ANSWER

5. 26 = y + x
y = x

6. y = 2x + 7
y=-3x - 23

Solve each system of equations by substitution

Answers

Answer:

5.step 1

26=y+x

y=x

26=x+x

26=2x

then x=13

6.substitute y with the given equation equal to y the equate them with the first one and collect like terms the find x

Use the long division method to find the result when 6x3 + 19x2 + 10x + 1 is
divided by 2x + 1.

Answers

Answer:

Hope this answer helps you !

The perimeter of a rectangular garden is 262 m.
If the width of the garden is 54 m, what is its length?

Answers

Step-by-step explanation:

154 is my answer thank you

1.10 friends are at a party and they decided the party was boring and decided to go to a
club in two different cars. One of the friends, Susan, has an SUV that can carry 7
passengers. So, Susan can take 6 more of the 9 friends with her. How many
different groups of 6 people are possible from the 9 remaining friends?

Answers

Using the combination formula, it is found that 84 different groups of 6 people are possible from the 9 remaining friends.

The order in which the friends are chosen is not important, hence the combination formula is used to solve this question.

What is the combination formula?

[tex]C_{n,x}[/tex] is the number of different combinations of x objects from a set of n elements, given by:

[tex]C_{n,x} = \frac{n!}{x!(n-x)!}[/tex]

In this problem, 6 friends are chosen from a set of 9, hence:

[tex]C_{9,6} = \frac{9!}{6!3!} = 84[/tex]

84 different groups of 6 people are possible from the 9 remaining friends.

More can be learned about the combination formula at https://brainly.com/question/25821700

Answer:

this wrong

Step-by-step explanation:

work out 77.5% of 1500

Answers

1162.5 is your answer sorry if it’s wrong

Valerie drives 400 meters up a hill that makes an angle of 20° with the horizontal. To the nearest tenth of a meter, what horizontal distance has she covered?

Answers

Answer:

482.96 meters, Hope that helped

Decompose 3p-1/p^2-1 into partial functions

(please select from the choices)

Answers

Answer:

a)

Step-by-step explanation:

[tex]\dfrac{3p-1}{p^2-1}[/tex]

Factorize the denominator:

[tex]\implies \dfrac{3p-1}{(p+1)(p-1)}[/tex]

Therefore,

[tex]\implies \dfrac{3p-1}{(p+1)(p-1)}=\dfrac{A}{p+1}+\dfrac{B}{p-1}[/tex]

[tex]\implies 3p-1=A(p-1)}+B(p+1)[/tex]

When p = 1:

[tex]\implies 2=A(0)}+B(2)[/tex]

[tex]\implies B=1[/tex]

When p = -1:

[tex]\implies -4=A(-2)}+B(0)[/tex]

[tex]\implies A=2[/tex]

Therefore,

[tex]\implies \dfrac{3p-1}{(p+1)(p-1)}=\dfrac{2}{p+1}+\dfrac{1}{p-1}[/tex]

Ages Number of students 15-18 7 19-22 7 23-26 7 27-30 9 31-34 9 35-38 2 Find the relative frequency for the class with lower class limit 23 Relative Frequency

Answers

Answer:

14

Step-by-step explanation:

Relative Frequency =  [tex]\frac{Frequency*100}{Total Frequency}[/tex]

Frequency for the class with lower class is 23 =7

Total Frequency= 7+7+7+9+9+9+2=50

Relative Frequency =  [tex]\frac{7*100}{50}[/tex] = 14

The relative frequency for lower class limit 23 is 14

i need help 5/9 = /45 fractions

Answers

Answer:

5/9 = 25/45

Step-by-step explanation

multiply 5/9 by 5/5 this will turn it into 25/45

5x5=25

5x9=45

I HAVE 5 MINS PLS HELP WILL MARK BRAINLIEST IF CORRECT!

Answers

Answer: Perimeter: 29         Area : 2593.5

Step-by-step explanation:  Perimeter is plus it all together and the area is times altogether.   Hope that helps! :)

In the diagram, △ABC∼△DEF. Find the value of x.

Answers

Given -

△ABC ∼ △DEF

To find -

the value of x.

Solution -

If △ABC ∼ △DEF then,

[tex]\frac{AB}{DE} =\frac{BC}{EF}[/tex]

➡ [tex]x=\frac{\cancel{12}^4}{\cancel{3}_1}\times2[/tex]

➡ [tex]x=4\times2[/tex]

➡ [tex]x=8[/tex]

Hence, the value of x is equal to 8.

2. If the raffle has 200 tickets total, then
about how many tickets will be in the dining out
raffle?

Answers

If the raffle has 200 tickets total, then about 50 tickets will be in the dining out raffle.

What is an equation?

An equation is an expression that shows the relationship between two or more numbers and variables.

From the diagram:

Percentage of dinner out = 65% - 40% = 25%

For 200 total tickets:

Number of dinning out raffle = 25% of 200 = 0.25 * 200 = 50 ticket

If the raffle has 200 tickets total, then about 50 tickets will be in the dining out raffle.

Find out more on equation at: https://brainly.com/question/2972832

To find the height of a pole, a surveyor moves 150 feet away from the base of the pole and then, with a transit 4 feet tall, measures the angle of elevation to the top of the pole to be 42°. To the nearest foot, what is the height of the pole?

Answers

Answer: The answer is 139 feet

H = height of the pole =?

BC = ED = height of the transit = 4 ft

CD = BE = distance moved away from the base of the pole = 140 ft

Consider the ΔABE

tan44 = AE/BE

tan44 = h/140

h = 140 tan44

h = 135.2 ft

H = height of pole = AE + ED = h + ED = 135.2 + 4

H = 139.2 ft

Step-by-step explanation:

The first three terms of a sequence are given. Round to the nearest thousandth (if necessary). 13,39,117 Find the 6th term.

Answers

Answer:

3159

Step-by-step explanation:

This is Geometric Sequence where its common ratio =39/13=117/39=3

The Geometric Sequence General Formula = [tex]a_{n} =a*r^{n-1}[/tex]

where a is the 1st Term and r is the common ration

[tex]a_{6} =13*3^{6-1}=3159[/tex]

© There is a bag filled with 3 blue and 4 red marbles.
A marble is taken at random from the bag, the colour is noted and then it is replaced.
Another marble is taken at random.
What is the probability of getting 2 that are different in colour?

Answers

Answer: THE ANSWER IS 18/42 IF YOU LOOKED THIS UP FOR HEGARTY MATHS THEN THIS IS RIGHT!!!!! Originally Answered: There is a bag filled with 3 blue and 4 red marbles. A marble is taken at random from the bag, the colour is noted and then it is replaced.

HELP

The container that holds the water for the football team is 2/3 full. After pouring out 4 gallons of water, it is 4/9 full. How many gallons can the container hold?

Answers

Answer:

I'm pretty sure this is correct.

2/3 * 3 = 6/9

6/9 + 4/9 = 10/9

Simplified it's 10 1/9, so the final answer is 10 1/9.

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