Draco invests $5000. Approximately how long will it take for the investment to double if the rate is 10% compounded annually?

Answers

Answer 1

Answer:

I'm in 6th grade and I think it is 500

Answer 2

For the investment to double if the rate is 10% compounded annually,

it will take about 7 years and 3 months.

What is compound interest rate?

Compound interest is computed as interest on the principle of an account plus any accrued interest.

Compound interest can be calculated using the following formula:

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

,where x = compound interest

P = principal (the initial deposit or loan amount)

r = annual interest rate

n = the number of compounding periods per unit of time

t = the number of time units the money is invested or borrowed for.

Given:

Draco invests $5000.

Draco wants his investment to double.

That means, accrued amount = $10000

Interest rate = 10%

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

r = R/100

r = 10/100

r = 0.1 per year,

Then, by using the formula,

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

t = ln(10,000.00/5,000.00) / ( 1 × [ln(1 + 0.1/1)] )

t = ln(10,000.00/5,000.00) / ( 1 × [ln(1 + 0.1)] )

t = 7.273 years

t = about 7 years 3 months

Therefore, the required time is about 7 years 3 months.

To learn more about the compound interest rate;

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Related Questions

-62 - 4x = 42
So how do I get the answer to this problem?

Answers

Here you go this is it

Answer:

-26

Step-by-step explanation:

-62 - 4x = 42

-4x=42+62

-4x=104

X=-104/4

X=-26

So the value of the X is -26

Heather is solving an equation by graphing the expressions on either side of the equal sign. If the graph intersects at an infinite number of points which statement could describe the equation heather is attempting to solve?

Answers

Answer:

one side of the equation is a quadratic equation, and the other side of the equation is a quadratic expression

Step-by-step explanation:

the description needs to be the same for each equation. For example linear and linear would work as well.

Which number is an integer? ​

Answers

Answer:

The answer is C, 2.

Step-by-step explanation:

An integer is any whole number.

If this helped I would appreciate it if you marked me Brainliest. Thank you and have a nice day!

The number from the given options that would represent an integer is C.  2.

What are integers ?

An integer is a number that can be written without a fractional or decimal component. It includes positive and negative whole numbers, as well as zero.

Given the options:

3/4 = 0.75 ( a fraction, not an integer)

1/5 = 0.2 (a fraction, not an integer)

2 (a whole number and hence an integer)

Therefore, the only number among the provided options that is an integer is '2'.

Knowing if a number is an integer or not can affect calculations, problem-solving strategies, and our understanding of mathematical concepts.

In conclusion, option C is correct.

Find out more on integers at https://brainly.com/question/929808

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Hurry please i need it ASAP

Answers

Hmm, thats wrong actually, I believe its C?

4÷3/5 what is the answer plz help me out thanks
[tex]4 \div \frac{3}{?5} [/tex]

Answers

Answer:

15

Step-by-step explanation:

Answer:

4/ 3/5

4×5/3

20/3

6.67

are you clear, if yes give me brainliest and if no draw my attention by hitting the comment section

Find - 1 5/6 + (-1/3) in a number line​

Answers

Answer:

put it on -1

Step-by-step explanation:

you turn the mixed number into an improper fraction and then you turn -11/6 to have a denominator of 3 so then it comes out to -1 1/2 over 3 then you multiply the 3 times 2 and the 1 1/2 times 2 and you get -3/3 and equals out to -1

A 10-ounce package of cashews costs $8.11, and a 16-ounce package of cashews costs $12.Calculate the cost per ounce of each package.Which package, the 10-ounce or the 16-ounce package, is the better buy? In the box below write the cost per ounce of each package and state which package is the better buy.

Answers

Answer:

The better buy is  12-ounce package

Step-by-step explanation:

Step one:

given data

we are told that 10 ounces cost $8.11

and also 16 ounces cost $12

Required

The unit cost per ounce

for the 10 ounce package

the unit cost = 8.11/10=$0.81 per ounce

for the 12 ounce package

the unit cost = 12/16=$0.75 per ounce

the better buy is  12-ounce package because the unit cost is cheaper than that of  the 10-ounce package by $0.06

I NEED HELP WITH THIS QUESTION

Answers

Answer:

y= 7 and -1

Step-by-step explanation:

Instructions are in the image attached...

Answers

Answer:

26) (2,-3) (-2,0)

27) (2,4) (-6,9)

Step-by-step explanation:

Now the slopes and the y-intercepts.

WILL MARK BRAINLIEST Given the table of value below, which of the following ordered pairs are found on the graph of the inverse function ?

Answers

Answer:

D

Step-by-step explanation:

During a snowstorm, the temperature drops from 0°F to -10°F in 2 hours. On average,by how many degrees is the temperature changing per hour?

Answers

Answer:

-5°F

Step-by-step explanation:

As, in 2 hrs = - 10°F

For 1 hr = - 10°F/2 = - 5°F

So, answer = - 5°F

Can a number be a natural number but not a rational number? Explain your reasoning. PLEASEE HURRRYYY ​

Answers

rational numbers include all the integers, plus all fractions, or terminating decimals and repeating decimals. All natural numbers, whole numbers, and integers are rationals, but not all rational numbers are natural numbers, whole numbers, or integers.

100 Points Linear Equations

1.) Write the equation of a line in point-slope form that has a slope of 3 and goes through the point (2,-4).

2.) Write the equation of a line in point-slope form that has a slope of -1/4 and a y-intercept of 5.

3.) Check Image below

4.) Check Image below

Answers

Answer:

y=3x+1

y=-1/4+5

3 is the lope 1 is the intercept

#1

[tex]\\ \tt\hookrightarrow y+4=3(x-2)[/tex]

[tex]\\ \tt\hookrightarrow y+4=3x-6[/tex]

[tex]\\ \tt\hookrightarrow 3x-y-10=0[/tex]

#2.

m=-1/4b=5

[tex]\\ \tt\hookrightarrow y=mx+b[/tex]

[tex]\\ \tt\hookrightarrow y=-1/4x+5[/tex]

Which phrase correctly describes the expression 4 × 3 –1?



One minus the product of four and three



One less than the product of four and three



One less than the sum of four and three



Four times the difference of three and one

Answers

Answer: d

Step-by-step explanation: it is d

Consider these functions: f(x) = 4x^3 - 10 g(x) = [tex]\frac{3x - 4}{2}[/tex] What is the value of g(f(2))?

A. -6
B. 2
C. 19
D. 31

Answers

Answer:

D. 31

Step-by-step explanation:

First Plug 2 into f(x) and solve.

  You should get 22.

Then plug f(2) which is equal to 22 into g(x).

So, plug 22 into g(x).

You should get 31.

Bella bought 3.2 meters of ribbon to decorate her pencils case.

Answers

What’s the question?

Answer: 1.47

Step-by-step explanation:i did the quiz and got it right

Evaluate the expression for the given value of the variables.
0.9c - 2.3d
C= 17, D= 3
WHAT'S 0.9c - 2.3d

Answers

Answer:

8.4

Step-by-step explanation:

0.9c - 2.3d

given c = 17 and d = 3, substitute these into the expression:

0.9c - 2.3d

= 0.9(17) - 2.3(3)

= 15.3 - 6.9

= 8.4

The circumference of a circle is 31.4. What is the are of the circle?​

Answers

It is 78.5cm^2, have a great day

Michelle is a server in a restaurant. On a weekend night, Michelle earned $4 an hour and $65 in tips. She made a total of $93. Write and solve an equation to determine how many hours she worked. On Monday, Ken spent half of his money on a new game. The next day he earned $12 mowing lawns. He now has $32. How much money did Ken have before bought the game? I need the equation too.

Answers

Answer:

first question: Michelle worked for 7 hours

second question: Ken had $40 before buying the game

Step-by-step explanation:

4x + 65 = 93

4x = 28, x = 7

Michelle worked for 7 hours

Ken 1/2x + 12 = 32

1/2x = 20

x = 20. 20*2 = $40, ken has $40 before buying the game.

Simplify the expression

Show your work please so I can understand not just the answer please ❤️❤️

Answers

Answer:453rft

Step-by-step explanation:

Answer:

-1.6r + 1.8

Step-by-step explanation:

-1.6 (r+2) +5

^ the -1.6 can be distributed to the (r+2) because it's basically multiplying

that becomes --> -1.6r + -3.2 + 5

Now the -3.2 and 5 are like terms so they can be solved together

-> -3.2 + 5 = 1.8

Now, -1.6r and 1.8 are not like terms because 1.8 does not have an r attached to it so you cannot do nothing from there

your answer becomes = -1.6r + 1.8

If a snail travels at a rate of of a mile every of an hour,
what is the unit rate in miles per hour?

Answers

Answer:

1mph or 1 mile per hour

Step-by-step explanation:

simple

Which is the correct?

Answers

Answer:

the 2nd one

Step-by-step explanation:

Greg invests $400 in a savings account that earns 6% simple interest annually. If he does not make any additional deposits or withdrawals, how much money will be in the savings account after 2 years?

Answers

Answer: your answer is 4800

Step-by-step explanation:

plz help me I don’t get there problem!!!!

Answers

Answer:

its C. do you need an explanation? i could give one if you want

Step-by-step explanation:

What is the unit rate if you write 11 pages in 2 hours? F What is the unit rate If you write 11 pages in 2 hours

Answers

Answer:

5.5 pages/hour

Step-by-step explanation:

We need to find the unit rate if you write 11 pages in 2 hours. It can be calculated by dividing no of pages to no of hours as follows :

[tex]R=\dfrac{11}{2}\ \text{pages/hour}\\\\=5.5\ \text{pages/hour}[/tex]

So, there are 5.5 pages per hour.

The measures of two angles of a triangle are 38° and 47°. What type of triangle is this?

a. acute b. obtuse c. right d. equiangular

Answers

Answer:

acute

Step-by-step explanation:

it is less than 90 degrees, making it an acute triangle

Does
7
8
÷
3
8
=
7
3
= 2
1
3

To check, multiply
by
3
8
.

The product is
.

Answers

Answer:

7/3 then 7/8

Step-by-step explanation:

I got it right on edge 2020

Given an equation y=-3x +5, explain the steps for using slope-intercept form to graph this equation.
A.Use the y-intercept to plot the point (0,5). Then, using the y-intercept as a reference point move left 3 units and up 1 unit, and plot a second point.
B. Use the y-intercept to plot the point (5,0). Then, using the y-intercept as a reference point, move right 3 units and up 1 unit , and plot a second point.
C.Use the y-intercept to plot the point (5,0). Then, using the y-intercept as a reference point, move left 3 units and up 1 unit, and plot a second point.
D. Use the y-intercept to plot the point (0,5). Then using the y-intercept as a reference point, move left 1 unit and up 3 units, and plot a second point​

Answers

Answer:

A.Use the y-intercept to plot the point (0,5). Then, using the y-intercept as a reference point move left 3 units and up 1 unit, and plot a second point.

Step-by-step explanation:

5 is the y intercept, so 0,5 is where you would start and then 3 is the same as 3/1 so you go up 3 over 1.

Hope this helps!

If Google has 2.54x10^5 hard drives in one building and each hard drive holds 5.8x10^14 bytes of data. How many bytes of data are in the one building?

Answers

bigdickdaddy bigdickdaddy

bigdickdaddy

bigdickdaddy

bigdickdaddy

bigdickdaddy

bigdickdaddy

bigdickdaddy

Erin weighs 135 pounds and is gaining ½ pound each week. Miranda weighs 143 pounds and is losing ¼ pound each week. Write an equation that could be used to determine x, the number of weeks that it will take until the two girls weigh the same amount?

Answers

Answer:

10.66 weeks

Step-by-step explanation:

Number of weeks is x

135 + 1/2x = 143 - 1/4x1/2x + 1/4x = 143 - 1353/4x = 8x = 32/3 = 10.66 weeks

Answer:

[tex]135+\frac{1}{2}x=143-\frac{1}{4}x[/tex]

Step-by-step explanation:

Let E represent Erin’s weight, and let M reprevent Miranda’s weight.

And let x represent the amount of week that passes.

Eric is currently 135 pounds. However, she is gaining 1/2 pounds per week x.

Hence, we can write the following equation:

[tex]D=135+\frac{1}{2}x[/tex]

Miranda currently weights 143 pounts. However, she is losing 1/4 pounds per week x.

Since she is losing weight, 1/4 is negative. Hence:

[tex]M=143-\frac{1}{4}x[/tex]

When the two girls weigh the same, D=M. Thus:

[tex]D=M[/tex]

Substitute them for their respective equations to acquire:

[tex]135+\frac{1}{2}x=143-\frac{1}{4}x[/tex]

Notes:

To solve, first eliminate the fractions by multiplying everything by 4. This yields:

[tex]540+2x=572-x[/tex]

Add x to both sides. Subtract 540 from both sides:

[tex]3x=32[/tex]

Divide both sides by 3:

[tex]x=32/3\approx10.67[/tex]

Hence, it will take about 11 weeks for the girls to weigh the same.

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