A person invests 10000 dollars in a bank. The bank pays 4. 5% interest compounded daily. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 17600 dollars?

Answers

Answer 1

To calculate the time required for the investment to reach $17,600, we can use the formula for compound interest:

A = P * (1 + r/n)^(n*t)

Where:

A = Final amount ($17,600 in this case)

P = Principal amount ($10,000)

r = Annual interest rate (4.5% = 0.045)

n = Number of times interest is compounded per year (daily compounding = 365)

t = Time in years

Substituting the values into the formula, we have:

17600 = 10000 * (1 + 0.045/365)^(365*t)

Dividing both sides of the equation by 10000, we get:

1.76 = (1 + 0.045/365)^(365*t)

Now, we can take the natural logarithm (ln) of both sides of the equation:

ln(1.76) = ln((1 + 0.045/365)^(365*t))

Using logarithm properties, we can bring down the exponent:

ln(1.76) = (365*t) * ln(1 + 0.045/365)

Now, we can solve for t by dividing both sides of the equation by 365 * ln(1 + 0.045/365):

t = ln(1.76) / (365 * ln(1 + 0.045/365))

Using a calculator, we can calculate the value of t:

t ≈ 7.7 years

Therefore, to the nearest tenth of a year, the person must leave the money in the bank for approximately 7.7 years until it reaches $17,600.

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Related Questions

Please can someone help answer these ratio questions

Answers

Answer:

12sweet

Alex's ratio=3

Thomas' ratio =2

I.e 3+2=5

Sweet=30

Thomas' share=2/5*30

=12

I.e Thomas' share is equal to 12 sweets

Answer:

12 sweet s

Alex's ratio=3

Thomas' ratio =2

I.e 3+2=5

Sweet=30

Thomas' share=2/5*30

=12

I.e Thomas' share is equal to 12 sweets

plzzzzzzzzzzz helppppppppppppppppppp

Answers

Answer:

A. Step 1

Step-by-step explanation:

He made the mistake on step 1 because he didn't distribute

Answer:

Step 1

Step-by-step explanation:

2(5g - 1) = 3

1 Step: Distribute

2(5g - 1) = 3

10g-2=3

2 step: Add 2 to both side of the equation

10g -2=3

10g= -2+2=3+2

3 step: Simplify

4 step: Divide both sides of the equation by the same term

10g=5

10g/10 = 5/10

5 step: Simplify

g = 1/2

What is the answer to 2/6 + 1/2?

Answers

Answer: hey, there

your answer is 5/6

Step-by-step explanation:

=

2

6

+

1

2

=

1

3

+

1

2

=

2

6

+

3

6

=

2+3

6

Answer:

5/6

Step-by-step explanation:

The fractions have unlike denominators. First, find the Least Common Denominator and rewrite the fractions with the common denominator.

LCD(2/6, 1/2) = 6

Multiply both the numerator and denominator of each fraction by the number that makes its denominator equal the LCD. This is basically multiplying each fraction by 1.

(26×11)+(12×33)=?

Complete the multiplication and the equation becomes

26+36=?

The two fractions now have like denominators so you can add the numerators.

Then:

2+36=56

This fraction cannot be reduced.

Therefore:

26+12=56

Solution by Formulas

Apply the fractions formula for addition, to

26+12

and solve

(2×2)+(1×6)6×2

=4+612

=1012

Reduce by dividing both the numerator and denominator by the Greatest Common Factor GCF(10,12) = 2

10÷212÷2=56

Therefore:

2/6+1/2=5/6

(hope this helps can i plz have brainlist :D hehe)

Find q.
60 °
30 °
4
q
Write your answer in simplest radical form.

Answers

Answer:

q = 4√3

Step-by-step explanation:

the value of q = 4. root 3 = 4√3 units .

plz mark my answer as brainlist plzzzz.

hope this will be helpful to you .

Q2.
(a) Expand and simplify (m-8)(m + 5)

Answers

We can split the m-8 into 2 terms m and -8 each multiplying the next ( ) like this...

m(m+5)-8(m+5)

Now we expand

m^2+5m-8m-40

then simplify!

m^2-3m-40

Done!

If you have any more questions put them in the comments and brainliest will be appreciated

Please help me: which statement is not true?

Answers

Answer:

I'd say III. Could be wrong.

Answer:

#3

Step-by-step explanation:

KL is shorter in length compared to CD which means if you divide both by BC they will not equal each other

COULD YOU PLEASE HELP OUT WITH THIS PROBLEM!!??
find the output y of the function y = -4/15x + 24, input (x) is 120 -- x = ?

Answers

Answer:

ano pong lesson yan.paki comment nalang po.

A solid has an area of 1cm squared. The solid is dialated to a new area of 2,401cm squared what was the scale factor? Show your work

Answers

Answer:

1 : 2401

Step-by-step explanation:

Given that:

Area of solid = 1cm²

New area after dilation = 2401 cm²

The scale factor :

Old area : new area

1 cm² / 2401 cm²

Hence, the scale factor is

1 : 2401

How are exponents used for measuring an earthquake? Can you explain?

Answers

Answer:

Richter, the Richter scale was used for many years to describe the energy released by an earthquake. ... To estimate the Richter scale measure, write the amplitude, in mm, as 10 raised to an exponent (10x), then add 3 to the exponent, x. For example, if the amplitude is 100 mm, rewrite 100 as 102.

Step-by-step explanation:

9. Henry joined an art class that charges
$125 for the cost of supplies, plus $25
per class. Henry wants to spend no more
than $500 on art classes. Which
inequality can be solved to find the
number of classes Henry can take?
A 25x + 125 < 500
B 125x - 25 > 500
C 25x 2 625
D 125x + 25 S 500

Answers

Answer:

Step-by-step explanation:

[tex]25x+125\le 500[/tex]

Help me pleaseeeeeee

Answers

Answer:

1(top)- the last one

2- the first one

3(bottom)- the middle one

Step-by-step explanation:

trust me :)

PLS HELP ASAP I MEAN ASAP PLS

Answers

Answer:

(B). - 3 ≤ x < 1

Step-by-step explanation:

[tex]\frac{\sqrt{x+3} }{\sqrt{1-x} }[/tex]

Given expression is defined for

1). x + 3 ≥ 0 ⇒ x ≥ - 3

and

2). 1 - x > 0 ⇒ x < 1

- 3 ≤ x < 1

Halla el Perímetro y Area de las siguientes figuras: 1) Triángulo de lados 6 cm × 8 cm × 5 cm, con base en 8cm y altura de 3,73 cm. 2) Circunferencia de diámetro 4,5 cm.

Answers

Answer:

1) El triángulo tiene un perímetro cuyo valor es 19 cm y un área de 14,92 cm²

2) La circunferencia tiene un perímetro cuyo valor es 14,14 cm y un área de 15,90 cm²

Step-by-step explanation:

El perímetro es una medida de la distancia alrededor de una figura y el área da una idea de qué tanta superficie cubre dicha figura.

Entonces, el perímetro es la medida obtenida como resultado de la suma de los lados de una figura geométrica plana. Es decir, el perímetro es lo que mide el contorno de la figura.

El área de un triángulo es igual a base por altura dividido por 2.

Siendo r el radio de la circunferencia, el perímetro será calculado como:

P=2*π*r

y el área será:

A=π*r²

1) En este caso, el perímetro es calculado como:

P= 6 cm + 8 cm + 5 cm= 19 cm

Y el área del triángulo es calculada como:

[tex]A=\frac{base*altura}{2} =\frac{8 cm*3.73 cm}{2}[/tex]

A= 14,92 cm²

El triángulo tiene un perímetro cuyo valor es 19 cm y un área de 14,92 cm²

2) Siendo el diámetro un segmento de recta que va desde un punto de la circunferencia a otro y pasa por el centro del círculo y l radio la distancia desde el centro del círculo hasta un punto de la circunferencia, entonces, el radio es la mitad del diámetro.

Siendo el diámetro de la circunferencia 4,5 cm, entonces el radio r tiene un valor de 2,25 cm.

Entonces el perímetro será calculado como:

P=2*π*2,25 cm

P= 14,14 cm

y el área será:

A=π*(2,25 cm)²

A= 15,90 cm²

La circunferencia tiene un perímetro cuyo valor es 14,14 cm y un área de 15,90 cm²

Use the model to write a equation

Answers

Answer:

5/8-2/8=3/8 I hope this helped!


Find the missing side of the triangle.

Answers

Answer:

The second option

Step-by-step explanation:

c=[tex]\sqrt{16^{2} +12^{2} }[/tex]

c=20 m

Dhruv is 24 years older than Sanjay.10 years back Dhruv’s age was five times the age of Sanjay. Find their ages.

Answers

5x-10=24. X=24+10/5 =6.8 Sanjay age =6.8 Dhruv age, X/5 =6.8=34 Dhruv age = 34

Answer:

Sanjay age=16 years; Dhruv age = 40 Years

Step-by-step explanation:

Let Sanjay’s present age be ‘x’, then Dhruv age is x+24

10 years back, Sanjay’s age was (x-10) years and Dhruv’s age

was (x+14)

Given: x+14 =5(x-10)

X=16 years

Sanjay age=16 years; Dhruv age = 40 Years

PLEASE HELP ASAP!!!!! 50 POINTS!!!!

Which of the following measurements, in centimeters (cm), could be the lengths of the sides of a triangle? Select all that apply. ​

Answers

6 cm, 6 cm , 13 cm is the answer

Answer:

6m,6m,13m

Step-by-step explanation:

30 is 60% of what number

Answers

30 is 60% of the number 50. The answer is 50

Answer:

the answer is 50

Step-by-step explanation:

x=30×100/60

x=50

Find the solution of y = -x - 3 for x = -2.


A.
(-2, 1)


B.
(-2, -5)


C.
(-2, -1)

Answers

Answer:

(-2,-1)

Step-by-step explanation:

y = -x - 3

you replace the x with the -2

y = -(-2) - 3

y=2-3

y=-1

15% is to be added to a 120 pair of shoes. Find the total
Price for the pair of shoes​

Answers

Answer:

138

Step-by-step explanation:

120 x .15 = 18

120 + 18 = 138

Answer:

         138

Step-by-step explanation:

[tex]120+15\%\times120=120+0.15\times120=120+18=138[/tex]

A round swimming pool has a radius of 12 feet. What is its circumference?

Answers

c=2πr

=2*3.14*12

=75.36 m

it's circumference is 75.36 m

Answer:

about 452.16

Step-by-step explanation:

c = pi r²

12²= 144

pi is about 3.14

144 × 3.14 = 452.16

A driver stopped to purchase 27 gallons of gas and paid $62.10. What is the unit rate for gas?

Answers

Answer:

$2.3/gallon

Step-by-step explanation:

62.10 divided by 27 =  2.3

Answer:2.3$

Step-by-step explanation:

To find a unit rate you need to see how much for 1, so in this case you would divide 62.10 by 27 and get 2.3$ per gallon

4/5+ 1/3 how much is it

Answers

4/5 = 12/15
1/3 = 5/15
17/15 = 1 2/15

Dinah went out to eat at a restaurant. She wants to leave the waitress a tip of 18%. She can determine the amount she should pay by adding the total amount of the bill (b) to 18% of b + 18% ×b. Which expression shows another way that dinah can calculate the total amount she will pay, Including tip? Help me plssss

Answers

Answer:

C. [tex]1.18b[/tex]

Step-by-step explanation:

Hi! Ace here!

In order to do this, we have to convert 18% into a decimal.

The decimal form of it is .18.

So we have to do

[tex]b+.18b[/tex]

Combine like terms:

[tex]1.18b[/tex]

I hope this helped

Answer:

1.18b

Step-by-step explanation:

Remember: percentage = decimal × 100

total = b + 18% x b

Factor out b:

total = b x (1 + 18%) = b x (1 + 0.18)

total = b x 1.18 = 1.18b

-4 + x + 7 + 3x + 6x​

Answers

Go to m-a-t-h-w-a-y they give you the answer. But only do it when absolutely necessary. Hope this helps!

A city cat show is underway. Complete with purring, meowing, and an occasional hiss. There are three times as many orange cats as black and white cats, two times as many black and white cats as grey cats, three fewer gray cats then white cats, three times as many white cats as calico cats, and five white cats. How many of each kind of cat is in the show? How many in all?

Answers

Answer:

i like cats uwu

Step-by-step explanation:

PLZ HELPP REWARD BRIANLIEST

Answers

Answer:

x = 3 x = -4

x = 1 x = 8

Step-by-step explanation:

x² + x - 12

(x + 4) (x - 3)

x + 4 = 0

x = - 4

-----------

x - 3 = 0

x = 3

x² - 9x + 8

(x - 8) (x - 1)

x - 8 = 0

x = 8

-----------

x - 1 = 0

x = 1

A car on a racetrack drove 98 miles in 60 minutes. How far did it drive in 12 minutes? Round the the nearest tenth when necessary.

Answers

Answer:

19.6 miles in 12 minutes.

Step-by-step explanation:

first take 60, then divide it by 12.

60÷12=5

then take 98 and divide that by 5

98÷5=19.6

12y + 29y +48y + 2ly + 13y + 7y

Answers

Answer:

Add all of the numbers then put a Y at the end.

Step-by-step explanation:

its just combining like terms, if their all Y. its jist adding with a letter at the end

Answer: 130y

here you go!

What is the equation for a line that passes through the points (-4,-3) and (8,12)?

Answers

Answer:

y = 1.25x + 2

Step-by-step explanation:

Answer:

Step-by-step explanation:

( -4 , -3 ) ( 8 , 12 )

12 + 3   15 = 5

8 + 4    12 = 4

↑ slope = 5/4

↓ point slope form: y - y₁ = m ( x - x₁ )

y + 3 = 5/4 ( x + 4 )

y + 3 = 5/4x + 5

-3

y = 5/4x + 2

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