Find how many years it would take for an investment of $4500 to grow to $7900 at an annual interest rate of 4.7% compounded daily.

Answers

Answer 1

To answer this question, we need to use the next formula for compound interest:

[tex]A=P(1+\frac{r}{n})^{nt}[/tex]

From the formula, we have:

• A is the accrued amount. In this case, A = $7900.

,

• P is the principal amount. In this case, $4500.

,

• r is the interest rate. In this case, we have 4.7%. We know that this is equivalent to 4.7/100.

,

• n is the number of times per year compounded. In this case, we have that n = 365, since the amount is compounded daily.

Now, we can substitute each of the corresponding values into the formula as follows:

[tex]A=P(1+\frac{r}{n})^{nt}\Rightarrow7900=4500(1+\frac{\frac{4.7}{100}}{365})^{365t}[/tex]

And we need to solve for t to find the number of years, as follows:

1. Divide both sides by 4500:

[tex]\frac{7900}{4500}=(1+\frac{0.047}{365})^{365t}[/tex]

2. Applying natural logarithms to both sides (we can also apply common logarithms):

[tex]\ln \frac{7900}{4500}=\ln (1+\frac{0.047}{365})^{365t}\Rightarrow\ln \frac{7900}{4500}=365t\ln (1+\frac{0.047}{365})[/tex]

3. Then, we have:

[tex]\frac{\ln\frac{7900}{4500}}{\ln(1+\frac{0.047}{365})}=365t\Rightarrow4370.84856503=365t[/tex]

4. And now, we have to divide both sides by 365:

[tex]\frac{4370.84856503}{365}=t\Rightarrow t=11.9749275754[/tex]

If we round the answer to two decimals, we have that t is equal to 11.97 years.


Related Questions

The function f (x) = x+4/3 is in a system with its inverse f-1(x). What is the solution to the system?

Answers

[tex]\begin{gathered} f(x)=\frac{x+4}{3} \\ f^{-1}(x)=\frac{x-4}{3} \end{gathered}[/tex]

What is the mean and median of the data set

Answers

The mean of a data set is the sum of the data divided by the total number of data.

The median of a data set is the middle number in the set (after the numbers have been arranged from least to greatest, or, if there is an even number of data, the median is the average of the two middle numbers.

You have the next data set:

[tex]\begin{gathered} \lbrace11,11,11,11,12,12,12,13,13,13,13,13,13,14,15,15,15,15,15, \\ 15,16,16,16,16,16,17,17,17\rbrace \end{gathered}[/tex]

A total of 28 data.

The mean is equal to the sum of the 28 numbers and then divided into 28:

[tex]undefined[/tex]

If np ≥5 and nq≥5, estimate P(at least 6) with n=13 and p = 0.5 by using the normal distribution as an approximation to the binomial distribution; if np < 5 or nq < 5, then state that the
normal approximation is not suitable.
Select the correct choice below and, if necessary, fill in the answer box to complete your choice.
O A. P(at least 6) =
(Round to three decimal places as needed.)
O B. The normal distribution cannot be used

Answers

Using normal distribution we know that the value is P(at least 6) = 0.866.

What is Normal Distribution?A continuous probability distribution for a real-valued random variable in statistics is known as a normal distribution or a Gaussian distribution.

The mean is 8.4 according to the formula:

q = 1 - p = 1 - 0.5 = 0.5Np = (13)(0.5) = 6.5 > 5Nq = (13)(0.5) = 6.5 > 5

Consequently, the normal distribution will indeed resemble the binomial.

sqrt(Npq) = sqrt(13*0.5*0.5) = 1.802 is the standard deviation.Since it's ≥ and not > and to the right, we use 6-0.5 = 5.5

Because going right from 5.5 includes 6.  

P(x > 5.5) with μ = 6.5 and σ = 1.802

Either find the z-score and use the table or use technology to find

Hence, Answer = 0.866

Therefore, using normal distribution we know that the value is P(at least 6) = 0.866.

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The ordered pairs represent a function. (0,-1), (1,0), (2,3), (3,8) and (4,15). Answer the questions in the picture.

Answers

In this case, we'll have to carry out several steps to find the solution.

Step 01:

Data

ordered pairs:

(0,-1), (1,0), (2,3), (3,8) and (4,15)

Step 02:

functions:

graph:

The function is nonlinear

x ==> increases by 1

y ==> increases by 2

y = x² - 1E-14x - 1

That is the full solution.

Two lines are shown on the grid below.Read the statements below about the graph of the two lines.Which statements are true about the two lines on the graph?A.I,II, and IV onlyB.II,III, and IV onlyC.II and III only D.I,II,III,and IV

Answers

Answer:

B. II, III, and IV only

Explanation:

Vertical lines have an undefined slope and the equation of these lines is x = c, where c is a constant value

Horizontal lines have a slope equal to 0 and the equation of these lines is y = c, where c is a constant value.

Therefore, the statements that are true about the graph are:

The equation of line b is y = -5

Line b has a slope of 0

The equation of line a is x = 3

Write the following equation in standard form: x + x4 + 6x +1

Answers

To answer this question, we need to know that the standard form of an equation of this type is written as follows:

[tex]ax^5+bx^4+cx^3\ldots[/tex]

We have that the polynomial given is:

[tex]\frac{8}{7}x^3+x^4+6x+1[/tex]

In the standard form, we need to write it as follows:

[tex]x^4+\frac{8}{7}x^3+0x^2+6x+1=x^4+\frac{8}{7}x^3+6x+1[/tex]

Therefore, the correct answer is option C. This is the standard form for this fourth-degree polynomial.

1c. Clue 1The number has three digits.Clue 2 The number is less than 140.Clue 3 The number has 7 as a factor.Clue 4 The number is even.Clue 5 The sum of the digits of the number is less than 9.

Answers

We have an even 3 digits number whose sum lie is less than 9, has got 3 digits and less than 140.

We will establish the inequalities that satisfies the conditions given and then figure out the number.

[tex]\begin{gathered} 100x+10y+z<140 \\ x+y+z<9 \\ 100x+10y+z=14a\text{ where a lies between 8 and 9} \end{gathered}[/tex]

From our last inequality, we can easily see that the number in question is 14 x 8 or 14 x 9. Any multiple of 7 that is even is also a multiple of 14.

[tex]\begin{gathered} 14\times8=112\text{ AND} \\ 14\times9=126 \end{gathered}[/tex]

From the above, it can be easily seen that 112 satisfies the conditions listed.

The number is 112

Is the graph of the distance a person has driven over time an example of a continuous or discrete graph?

Answers

Let us first understand what are discrete and continuous variables.

Discrete variable:

A discrete variable is countable in a finite amount of time.

For example:

The number of coins in your pocket

The number of trees in the garden

It is not possible to have 2.5 coins or 7.3 trees

Continuous variable:

A continuous variable can take any numeric value.

For example:

The height of the tree

The room temperature

These values can be in decimal like 7.3, 0.23 etc

Now let us come to the question, the distance a person has driven can take any value

for example, it can be 50 miles or 23.4 miles or 120.5 miles

So, decimal values are possible

This means that it must be a continuous graph

The distance a person has driven over time an example of a continuous graph.

Which phrase represents this expression?

5 + 4 ÷ 2

Responses

the product of 5 and the quotient of 4 and 2
the product of 5 and the quotient of 4 and 2

the product of 5 and 4 is divided by 2
the product of 5 and 4 is divided by 2

the sum of 5 and 4 is divided by 2
the sum of 5 and 4 is divided by 2

the sum of 5 and the quotient of 4 and 2

Answers

Answer is the last one, the sun of 5 and the quotient of 4 and 2

Reason

According to the PEMDAS rule, we multiply and divide before add and subtract

So we find the “quotient” or divide 4 by 2 first. Then we add 5 to the quotient which is a “sum” of 5 and quotient

A 33-inch piece of steel is cut into three pieces so that the second piece is twiceas long as the first piece, and the third piece is one inch more than five times thelength of the first piece. What is the length of the first piece?

Answers

Let;

x = the length of the first piece

y=the length of the second piece

z=the length of the third piece

From the question;

"the second piece is twice as long as the first piece" can be written in equation as:

y = 2x

"the third piece is one inch more than five times the length of the first piece"

can be written as :

z= 5x+ 1

Total length of the 3 pieces = 33

This implies:

x + y + z =33

substitute y=2x and z=5x+1 into the above

x + 2x + 5x+1 = 33

8x + 1 = 33

subtract 1 from both-side of the equation

8x = 33 -1

8x = 32

divide both-side of the equation by 8

x= 32/8

x= 4

The length of the first piece is 4-inches

he multiplication table below can be used to find equivalent ratios.

A multiplication table.

Which ratio is equivalent to the ratio 18:24?
15:20
20:15
30:36
36:30

Answers

Answer:

15:20

Step-by-step explanation:

18:24 can be written [tex]\frac{18}{24}[/tex]  if I simplify this by dividing the top and bottom by 6, I get [tex]\frac{3}{4}[/tex]

I am looking for what other ration will reduce to [tex]\frac{3}{4}[/tex]

[tex]\frac{15}{20}[/tex]  Divide the top and bottom by 5 and you will get [tex]\frac{3}{4}[/tex]

6) Write the equation of the line, in point-slope form, that passes through the point (-2,5) and has a slopeof 3.

Answers

Write the equation of the line, in point-slope form, that passes through the point (-2,5) and has a slope

of 3

___________________________________________________

The point-slope form

y-y1 = m (x-x1)

The slope (m)= 3

The point (x1, y1) = (-2,5)

____________

Replacing

y-5 =3 (x- (-2))

_______________

Answer

(y-5) =3 (x +2)

Do you have any questions regarding the solution?

4(x - 3) - (x - 5) = 0

Answers

4(x - 3) - (x - 5) = 0​

Solving for x:

4(x - 3) - (x - 5) = 0​

4x - 12 - x + 5 = 0

4x - x = 12 - 5

3x = 7

x = 7/3

Answer:

x = 7/3 = 2.33

Hi, can you help me to solve this problem please!

Answers

We have the following function

[tex]f(x)=7+6x[/tex]

Now, we must replace the variable x by the given value, that is,

[tex]f(10)=7+6(10)[/tex]

which gives

[tex]\begin{gathered} f(10)=7+60 \\ f(10)=67 \end{gathered}[/tex]

Therefore, the answer is f(10)=67

b. Write
√x
as a single radical in simplest form.
5√x

Answers

Answer:

(tenth root of x to the third power)

see image

Step-by-step explanation:

To do this problem you need to know how to convert radicals to an expression with a fraction exponent(and back to radicals again), ALSO exponent rules for division ALSO subtracting fractions.

Square root x can be written as x^ 1/2

fifth root x can be written as x^ 1/5

When you are dividing expressions with the same base, exponent rules say to SUBTRACT the exponents.

1/2 - 1/5 change to common denominator

5/10 - 2/10

= 3/10

x^1/2 / x^1/5 =

x^ (1/2 - 1/5) =

x^ (5/10-2/10) =

x^ 3/10

Then change back to a radical. Remember "down and out" or "roots are down" and "up, up, up" or "exponents are up"

the number down below goes out (outside) the radical. And the number up top is up and exponents are up, up, up

see image.

x^3/10 =

tenth root (x^3)

see image.

(2, -3) (4, -2)

Slope intercept

Answers

The slope of the given coordinates is m = 1/2.

What is the slope?A line's steepness can be determined by looking at its slope. The slope is calculated mathematically as "rise over run" (change in y divided by change in x). The slope-intercept form of an equation is used whenever the equation of a line is expressed in the form y = mx + b. M represents the line's slope. B is the b in the point where the y-intercept is located (0, b). For instance, the slope and y-intercept of the equation y = 3x - 7 are 3 and 0, respectively.

So, the slope of (2, -3) (4, -2):

The slope formula: m = y₂ - y₁/x₂ - x₁

Now, solve for slope by putting the values as follows:

m = y₂ - y₁/x₂ - x₁m = -2 - (-3)/4 - 2m = -2 + 3/2m = 1/2

Therefore, the slope of the given coordinates is m = 1/2.

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The correct question is shown below:

Find the slope using the coordinates (2, -3) (4, -2).


Find the reference angle for the given angles 745 degree.

Answers

Maisa,. let's recall the formula for calculating the reference angle when the angle is > 360 degrees:

Reference angle = Given angle - 360

Reference angle = 745 - 360

Reference angle = 385

It's still higher value than 360, therefore we subtract 360 again.

Reference angle = 385 - 360

Reference angle = 25 degrees

A toy car that is 0.5 ft long is used to model the actions of an actual car that is 15 ft long. Which ratio shows the relationship between the sizes of the model and the actual car? A. 2:5 B. 5:2 C. 30:1 D. 1:30

Answers

A toy car that is 0.5 ft long is used to model the actions of an actual car that is 15 ft long. Which ratio shows the relationship between the sizes of the model and the actual car?



A. 2:5



B. 5:2



C. 30:1



D. 1:30

_____________________

0.5 ft the toy car: 15 the actual car

0.5*2 =1

15 *2 = 30

1: 30

_____________________________________

The ratio1:30​ shows the relationship between the sizes of the model and the actual car

____________

Do you have any questions regarding the solution?

Use the quadratic function fly)=-22 +53411 to answer the following questions,a) Use the vertex formula to determine the vertes.The verteris(Type an ordered pair Simplify your answer.)

Answers

The vertex of a quadratic function can be found by using the following expression:

[tex]x=\frac{-b}{2a}[/tex]

Where "a" is the number multiplying x² and b is the number multiplying x. For this function a = -2 and b = 5. Applying these on the problem we have:

[tex]x=\frac{-5}{2\cdot(-2)}=\frac{-5}{-4}=\frac{5}{4}=1.25[/tex]

To find the y coordinate of the vertex we need to use the value for x that we found above. We have:

[tex]\begin{gathered} f(x)=-2x^2+5x+11 \\ f(\frac{5}{4})=-2\cdot(\frac{5}{4})^2+5\cdot(\frac{5}{4})+11 \\ f(\frac{5}{4})=-2\frac{25}{16}+\frac{25}{4}+11 \\ f(\frac{5}{4})=\frac{-50}{16}+\frac{25}{4}+11 \\ f(\frac{5}{4})=-3.125+6.25+11=14.125 \end{gathered}[/tex]

The ordered pair for this function's vertex is (1.25, 14.125)

URGENT!! ILL GIVE
BRAINLIEST! AND 100 POINTS

Answers

Answer:

perimeter: add p + m + n

area: use (p × m)/2

find missing side: use p^2 + m^2 = n^2

Complete the table .....Which parts of the arithmetic sequence in the left of the table match up with the linear function on the right?

Answers

Let's expand the formula for arithmetic sequence.

[tex]\begin{gathered} a_n=a_1+d(n-1) \\ a_n=a_1+dn-d \\ a_n=dn+(a_1-d) \end{gathered}[/tex]

The linear function is:

[tex]f(x)=ax+b_{}[/tex]

Matching both equations, we can say:

[tex]\begin{gathered} a_n\gg\gg f(x) \\ d\gg\gg a \\ n\gg\gg x \\ a_1-d\gg\gg b \end{gathered}[/tex]

Khloe is going to invest $7,100 and leave it in an account for 9 years. Assuming the interest is compounded continuously, what interest rate, to the nearest hundredth of a percent, would be required in order for Khloe to end up with $12,600?

Answers

Solution

For this case we can use the following formula:

[tex]A=Pe^{rt}^{}[/tex]

and for this case we have the following:

P= 12600

A= 7100

t = 9 years

And r is the value that we need to find, so we can do the following:

[tex]12600=7100e^{9r}[/tex]

We can do the following:

[tex]\ln (\frac{12600}{7100})=9r[/tex]

And we got for r:

[tex]r=\frac{\ln (\frac{12600}{7100})}{9}=0.0637[/tex]

And then the rate would be:

6.37%

The director of a film festival received 9 submissions, 7 of which were sci-fi films. If the director randomly chose to play 6 of the submissions on the first day of the festival, what is the probability that all of them are sci-fi films? Write your answer as a decimal rounded to four decimal places .

Answers

Given data:

9 submissions out of which 7 were sci-fi

If the director randomly chose to play 6 of the submissions on the first day of the festival

Then, the probability that all of them are sci-fi films will be obtained as follows

At the first selection, it will be: 7/9

At the second selection, it will be: 6/8

At the third selection, it will be: 5/7

At the fourth selection, it will be: 4/6

At the fifth selection, it will be: 3/5

At the sixth selection, it will be: 2/4

Thus, the probability will be

[tex]\frac{7}{9}\times\frac{6}{8}\times\frac{5}{7}\times\frac{4}{6}\times\frac{3}{5}\times\frac{2}{4}=\frac{5040}{60480}[/tex]

=>

[tex]\frac{5040}{60480}=\frac{1}{12}[/tex]

=>

[tex]\frac{1}{12}=0.0833[/tex]

Answer = 0.0833

Figure RSTU has coordinates R = (3,4), S = (7.2), T = (5, 10), and U = (12,8). The figure is dilated from the origin by a scale factor r . Select the correct coordinates of R. A R' = (3,2) B R' = (1.5, 4) C R' = (3.5, 4.5) D R' = (1.5, 2) * Select the correct answer. 1 point Ο Α OB D

Answers

Answer

Option D is correct.

R' (1.5, 2)

Explanation

A dilation means the size is increased or decreased. If the scale factor is less than 1, then the size is decreased, but if the scale factor is more than 1, it means the figure is enlarged.

Dilating about the origin just multiplies the coordinates by the scale factor. So, dilating (x, y) about the origin by a scale factor k, gives new coordinates (kx, ky).

For this question, we need to dilate R (3, 4) by a scale factor, r = ½

R' = [½(3), ½(4)] = (1.5, 2)

Hope this Helps!!!

Find all solutions of the equation in the interval [0,2pi). csc =7/4 If there is more than one solution, separate them with commas.Do not round any intermediate computations. Give your answer(s) in radians, and round your answer(s) to the nearest hundredth

Answers

Since the cosecant is the inverse of the sine, we can write the following:

[tex]\begin{gathered} \csc (\theta)=\frac{7}{4} \\ \sin (\theta)=\frac{1}{\csc(\theta)}=\frac{1}{\frac{7}{4}}=\frac{4}{7} \end{gathered}[/tex]

Then, using a calculator, we can calculate the angle that has a sine of 4/7:

[tex]\begin{gathered} \theta=\sin ^{-1}(\frac{4}{7})_{} \\ \theta=34.85\degree \end{gathered}[/tex]

There is one more angle between 0 and 2π that has the same value of 4/7 for the sine, and it's the supplementary angle to the one we found:

[tex]\theta_2=180-\theta_1=180-34.85=145.15\degree[/tex]

Therefore the answers are 34.85° and 145.15°.

Converting to radians, we have:

[tex]\begin{gathered} 34.85\cdot\frac{\pi}{180}=0.61 \\ 145.15\cdot\frac{\pi}{180}=2.53 \end{gathered}[/tex]

So the final answer is 0.61 and 2.53.

Explain how you know 437,160 is greater than 43,716.4 grade student

Answers

437,160 is read as four hundred thirty-seven thousand one hundred sixty and 43,716 is read as fourty-three thousand seven hundred sixteen.

The first number has hundreds of thousand and the second one only has tens of thousand. It means that the first number is greater than the second one.

Another way to know this is because of the number of figures before the decimal point. The first number has 6 figures before the decimal point and the second one only has 5.

That way, we know that 437,160 is greater than 43,716.

2000.5 - 351.748 +62.1

Answers

Given the expression :

[tex]2000.5-351.748+62.1[/tex]

At first make all the decimal digits equally for all terms

The maximum decimal is 3 so, add 00 to the first and the last terms

So,

[tex]\begin{gathered} 2000.5-351.748+62.1 \\ =2000.500-351.748+62.100 \\ =1710.852 \end{gathered}[/tex]

So, the answer is : 1,710.852

Function g is a transformation of the parent function exponential function. Which statements are true about function g?

Answers

For the given function, The following are true statements:

Four units separate function g from function f.There is a y-intercept for function g. (0,4)Function g has a range of (3,∞ ).Over the range (-, ∞), function g is positive.

It may be seen from the graph below that

The g function's graph is 4 units higher than the parent exponential function's graph.

All of the input values for which the function is defined are referred to as the function's domain. The domain of the function is (-, ∞ ) according to the graph of function g.

The location where a function's graph crosses the y-axis is known as the y-intercept. G's graph crosses the y-axis at (0, 4). As a result, the Function g's y-intercept is (0,4).

growing function g across the range (- ∞, 0).

Function output values are referred to as the function's range. It can be seen from the graph that the range of function g is (3, ∞ ).

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helppppppppppppppppppppppppppp

Answers

Step-by-step explanation:

make the fractions decimals and put them on the plot

X+87°2x⁰ i have to solve for x it’s a 180 angle HELP ME!!!!!!!!!

Answers

X+87°+2x°=180°(Angles on a straight line )
Collect Like terms
X+2x°=180°-87°
3x=93°
Divide both sides by 3 to eliminate the coefficient of “x”
3x/3=93°/3
X=31°
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J is the midpoint of CT if CJ=5x-3 and JT=2x+21 find CT 6. Line 1 passes through the points (1,4) and (-2,5). Line 2 passes through the points (1,0) and (0,3). What is true about Line 1 and Line 2? (2 points) (A) (B) They are perpendicular. They are parallel. They both decrease. They both increase. (C) (D) if for some reason americans desired to increase their purchases of foreign assets, then other things the same a. the real exchange rate would fall and the quantity of dollars exchanged in the market for foreign currency would rise. b. the real exchange rate would rise and the quantity of dollars exchanged in the market for foreign currency would fall. c. both the real exchange rate and the quantity of dollars exchanged in the market for foreign currency would fall. d. both the real exchange rate and the quantity of dollars exchanged in the market for foreign currency would rise. explain absolute entropies and it's determination in terms of heat capacity find the area of the circle with a circumference of 30. write your solution in terms of Find p(-1) and p(2) for p(x)=4-3x A set of data is summarized by the stem and leaf plot below. Martin and Isabelle go bowling. Each game costs $10, and they split that cost. Martin has his own bowling shoes, but Isabelle pays $3 to rent shoes.Which graph shows a proportional relationship? Explain why. 1a. 100 foot-long rope is cut into 3 pieces.The first piece of rope is 3 times as long asthe second piece of rope. The third piece istwice as long as the first piece of rope.What is the length of the longest piece ofrope? television commercials for halo laundry detergent are aired several times a day, on various cable networks, throughout the year. advertisers of halo believe that this will serve as a constant reminder of the brand to the consumers. media planners of halo are likely to be using a(n) scheduling method. Enter your solution as an ordered pair, with no spaces and with parentheses. OR the answer could be: Infinitely many OR No Solution 5. How would you solve the system of equations y = 5x + 1 and -2x + 3y =-10 ? What is the solution? * a low cost strategy leads to higher profits by group of answer choices offering the customer products with more features. adding unique features to products. charging a higher price than competitors. the cost savings that firms achieve. PLEASE HELP ASAP! What is the standard form of the hyperbola that the receiver sits on if the transmitters behave as foci of the hyperbola? on january 15, nifty company sells merchandise on account to martinez associates for $5,000 with terms 3/10, n/30. on january 20, martinez returns merchandise worth $1,000 to nifty. on january 24, payment is received from martinez for the balance due. what is the amount of cash received assuming the discount is taken? WHENwill the colonies regardGreat Britain as enemiesor as friends? What is the area of a triangle whose vertices are D(1, 1), E(3, -1), and F(4, 4)?Enter your answer in the box. What cause-and-effect relationship does the author describe in the section titled Explaining the Drops? When you apply a force F on an object of mass of m, it would produce acceleration a. If you apply the same force on another object of mass 2m, how would be the acceleration of the second object? Which detail from the text best supports the answer to Part A?"William Shakespeare is the most studied playwright in the world. All of his playshave been translated into every major language and are performed morefrequently than those of any other playwright." (Paragraph 1)"He wrote these sonnets, as well as a good deal of his plays, in iambicpentameter. This form of writing contains five metric feet, in which each footconsists of an unstressed syllable followed by a stressed syllable." (Paragraph 5)"Not only has Shakespeare shaped the English language but he's also had ahand in almost every form of popular culture. From books to msic to moderntheatre, Shakespeare has served as an inspiration." (Paragraph 7)"Many people tend to think of Shakespeare as boring and outdated. His work isknown for its complexity, and his plays are published with a lot of footnotes -sometimes even translations!" (Paragraph 9)