Jordan invested $97,000 in an account paying an interest rate of 1.6% compounded
monthly. Assuming no deposits or withdrawals are made, how long would it take, to
the nearest year, for the value of the account to reach $109,700?

Answers

Answer 1
ill give u the answer hold up i gotta do the work
Answer 2

Answer:

t≈ 8

Step-by-step explanation:

\text{Compounded Monthly:}

Compounded Monthly:

A=P\left(1+\frac{r}{n}\right)^{nt}

A=P(1+  

n

r

​  

)  

nt

 

Compound interest formula

A=109700\hspace{35px}P=97000\hspace{35px}r=0.016\hspace{35px}n=12

A=109700P=97000r=0.016n=12

Given values

109700=

109700=

\,\,97000\left(1+\frac{0.016}{12}\right)^{12t}

97000(1+  

12

0.016

​  

)  

12t

 

Plug in values

109700=

109700=

\,\,97000(1.0013333)^{12t}

97000(1.0013333)  

12t

 

Simplify

\frac{109700}{97000}=

97000

109700

​  

=

\,\,\frac{97000(1.0013333)^{12t}}{97000}

97000

97000(1.0013333)  

12t

 

​  

 

Divide by 97000

1.1309278=

1.1309278=

\,\,1.0013333^{12t}

1.0013333  

12t

 

\log\left(1.1309278\right)=

log(1.1309278)=

\,\,\log\left(1.0013333^{\color{blue}{12t}}\right)

log(1.0013333  

12t

)

Take the log of both sides

\log\left(1.1309278\right)=

log(1.1309278)=

\,\,\color{blue}{12t}\log\left(1.0013333\right)

12tlog(1.0013333)

Bring exponent to the front

\frac{\log\left(1.1309278\right)}{\log\left(1.0013333\right)}=

log(1.0013333)

log(1.1309278)

​  

=

\,\,\frac{12t\log\left(1.0013333\right)}{\log\left(1.0013333\right)}

log(1.0013333)

12tlog(1.0013333)

​  

 

Divide both sides by log(1.0013333)

92.3402971=

92.3402971=

\,\,12t

12t

Use calculator

\frac{92.3402971}{12}=

12

92.3402971

​  

=

\,\,\frac{12t}{12}

12

12t

​  

 

Divide by 12

7.6950248=

7.6950248=

\,\,t

t


Related Questions

Calculate the unit rate for each option of Takis, explain which option is better,
and why?

Answers

Answer: .42 for left bag .22 for right bag

(1st explanation is the left bag and the 2nd in the right bag)
Explanation: If the bag is $1.68 for 4oz of takis and you want to find the unit rate you do 1.68 divided by 4 which equals $0.42 per oz of takis.
2nd Explanation: If its $4.42 for 20 oz of takis do 4.42 divided by 20 which equals $0.22.

Explanation for the teacher (I saw the worst words ever, "why?": The right bag of takis are the best value since the left bag is a little bit less than twice the right bag.

Answer:

they are better because they are cheeper than the other

What is the constant RATIO (how do you you multiply ) of the exponential curve that passes through the points (0, 3) and (5, 96) ?

Answers

Answer:

The answer is 1.788

Step-by-step explanation:

If you could travel back in time one year, what advice would you give yourself?
10 sentence required for the brainlleist if 2 people answer
1

Answers

Answer:

To keep my head up and focus on the good instead of the bad. To understand that life gets hard. I would remind myself that I'm worth it and I am a strong person. I would tell myself that whatever bad happens, something good will come out of it. To remind myself that all the bad I've been through is only making me a stronger person. And I would remind myself that everything happens for a reason, whether I see it now or I see it later on down the road. I would remind myself that it's never too late to change for the better. I would tell my self "you made it this far, your strong". And I would tell myself that I can do whatever I put my mind to. And that nothing is impossible.

Hope this helps :)

Step-by-step explanation:

If someone could travel back in time one year, the advice I would give myself would be to embrace change and adaptability. The world is constantly evolving, and it is important to stay open-minded and flexible in order to thrive.

I would encourage myself to be proactive in seeking opportunities for growth and learning, even if they seem daunting or unfamiliar at first. Additionally, I would remind myself to prioritize self-care and mental well-being. It is easy to get caught up in the hustle and bustle of daily life, but taking time for oneself is crucial.

Whether it be spending time in nature, practicing mindfulness, or pursuing hobbies and interests, nurturing my own happiness should be a priority. Lastly, I would advise myself not to dwell on past mistakes or missed opportunities.

Every setback is an opportunity for growth, and it is important to learn from these experiences rather than letting them define me. By adopting a positive mindset and focusing on the present moment, I can ensure that I make the most of every opportunity that comes my way.

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Carlos has saved $19.80. Shaq saved 5/6 of the amount that Carlos saved. Deontae saved 4 times as much as shaq. What is the total saved amount of all threw

Answers

102.30this is your answer to your question

1. (3x + 7) + (8x + 2)

Answers

11x+9


Step by step:
Remove the parenthesis
3x+7+8x+2
Collect like terms
11x+7+2
Add 7+2
11x+9

y=3x-5 identify y intercept within equation

Answers

Answer: -5

Step-by-step explanation: alrite so when u graph it, the line crosses -5 on the y axis

Answer: -5

Step-by-step explanation:

When written in slope intercept form, which is y=Mx+b, b is the y intercept so in this case it would be -5

Measure the angle and classify it as right, acute, or obtuse.

Answers

Answer:

b

Step-by-step explanation:

Enter the correct answer in the box by replacing the values of m and b.

Answers

Answer:

f(x) = -2x + 5  Plato

Step-by-step explanation:

The length of a rectangle is 11 less than 9 times the width. The perimeter of the rectangle is 18 inches

Answers

Length = 7   Width = 2

Step-by-step explanation:

L = Length

W = Width

L=9w-11

2L+2W=18

2(9W-11) + 2W = 18

18W - 22 +2W = 18

20W -22 = 18

20W = 40

W = 2

L = 9(2)-11

L=18-11

L=7

In the image above, what do the red arrows on lines mean?

Answers

Answer: ............................Step-by-step explanation:You need to attach an image


Convert y = x2 - 4x + 1 to vertex form by completing the square.

O y= (- 1)2 + 4
O y= (1 - 2)2 +5
O y= (x - 2)2 – 3
O y = (x - 4) + 1

Answers

Answer:

vertex: (-2, -3)

Step-by-step explanation:

y = x2 + 4x                 + 1  

y = x2 + 4x + 22          + 1 - 22  

y = (x + 2)2 + 1 - 4  

y = (x + 2)2 - 3            in y = (x - h)2 + k, (h, k) is the vertex.  

 

Answer:

y = (x - 2)² - 3

Step-by-step explanation:

Given

y = x² - 4x + 1

To complete the square

add/subtract ( half the coefficient of the x- term )² to x² - 4x

y = x² + 2(- 2)x + 4 - 4 + 1

   = (x - 2)² - 3


A 20 gallon tank is full. How many gallons are in the tank?

Answers

Answer:

20???

Step-by-step explanation:

20 gallons because it is full and the most that can be filled up is 20 gallons

I don't understand this at all. Can you help me solve this please :) ​

Answers

Answer:

y = -1/2x +3

Step-by-step explanation:

basically all you have to do is change the y intercept, but keep the slope the same and you create a parallel line

Type the correct answer in each box. Spell all words correctly, and use numerals instead of words for numbers. If necessary, use / for the fraction bar(s). ∆ABC and ∆FDE are congruent by the criterion. (Use the three-letter abbreviation without spaces.) The value of x is , and the value of y is .

Answers

*See attachment for the given diagram.

Answer:

∆ABC and ∆FDE are congruent by the SSS criterion.

The value of x is 11 and the value of y is 8

Step-by-step explanation:

Based on the Side-Side-Side (SSS) Congruence Theorem, ∆ABC and ∆FDE are congruent to each other. The 3 sides of ∆ABC are congruent to the 3 given sides of ∆FDE.

Thus:

AB ≅ DF

BC ≅ DE

CA ≅ FE

Find x:

Since BC ≅ DE, therefore measure of BC = measure of DE.

BC = x + 3

DE = 14

Thus,

x + 3 = 14

Subtract 3 from each side

x = 14 - 3

x = 11

Find y:

Since AB ≅ DF, therefore the measure of both sides are equal.

AB = 3

DF = x - y

Thus,

x - y = 3

Substitute x = 11 into the equation

11 - y = 3

Subtract 11 from both sides

-y = 3 - 11

-y = -8

Divide both sides by -1

y = -8/-1

y = 8

Answer:

Below

Step-by-step explanation:

got it right

An aircraft factory manufactures airplane engines. The unit cost (the cost in dollars to make each airplane engine) depends on the number of engines made. If engines are made, then the unit cost is given by the function . What is the minimum unit cost?C(x)=x^2-520x+73458

Answers

Answer:

Minimum unit cost = 5,858

Step-by-step explanation:

Given the function : C(x)=x^2−520x+73458

To find the minimum unit cost :

Take the derivative of C(x) with respect to x

dC/dx = 2x - 520

Set = 0

2x - 520

2x = 520

x = 260

To minimize unit cost, 260 engines must be produced

Hence, minimum unit cost will be :

C(x)=x^2−520x+73458

Put x = 260

C(260) = 260^2−520(260) + 73458

= 5,858

A 5000 seat theater has tickets for sale at 26 and 40. How many tickets should be sold at each price for a sellout performance to generate a total revenue of 153800.

Answers

Answer:

The number of tickets for sale at $26 should be 3300

The number of tickets for sale at $40 should be 1700

Step-by-step explanation:

Use 2 equations to represent the modifiers within the problem:

[tex]5000 = a + b \\ 153800 = 26a + 40b[/tex]

Now you want to find the point at which the variables are changed to make both equations correct, this can be done by graphing and finding the intersection of both lines.

[tex]5000 = 3300 + 1700 \\ 153800 = 26(3300) + 40(1700)[/tex]

PLZ ANSWER THIS QUICK! THANKS!

Answers

Answer:

a) 300m

b) 15 miles

Step-by-step explanation:

a) 1 : 30 000

=  1x 30 000

=  30 000cm

=  30 000cm/ 100                           Representing in metres

=  300m

b) 1 : 6

=  1x 2.5 : 6x 2.5

=  2.5 : 15

=  15 miles

Which inequality matches the graph shown?

Answers

Answer:

I am pretty sure it is x>8 which is B.

Step-by-step explanation:

I’m one hundred percent positive it’s B because if it’s open the aren’t less then or equivalent to or greater than or equivalent to

people wont solve my question i need it ASAP

Answers

Answer:

A pig has 10,000 kg mass more than a mass

Step-by-step explanation:

[tex]\frac{2*10^{2}}{2*10^{10}}=\frac{10^{2}}{10^{-2}}\\\\=10^{2}*10^{2}\\\\=10^{2+2}\\\\=10^{4}\\\\=10000[/tex]

Tanner is cutting a 23-inch board into 2.25-inch sections. How many whole sections will he end up with?

11
12
10
13

Answers

C, 10

23/2.25 = 10.22 (10 whole sections)

hope this helps :)

A teacher uses the function G(x) = -3x + 100 to calculate a student's grade, G(x), on a test if the student misses x questions on the test. Which statement best descebes the slope of the function? Show complete working format please​

Answers

Answer:

then it would 50 no? i first divided 100 from x and game me 100x and then since i knew that 2 plus 3 is 5 and if i add a 0 then it would make 50

Step-by-step explanation:

What is a good problem to use for an inequality equation? using ax + b > c. Including the solution.

Answers

Answer:

A "solution'' of an inequality is a number which when substituted for the variable makes the inequality a true statement. When we substitute 8 for x, the inequality becomes 8-2 > 5. Thus, x=8 is a solution of the inequality.Step-by-step explanation:

Answer:

the person above me is correct

Shark  boi U~U

Steven sells bags of different kinds of cookies. He made $27 selling bags of Oreos, $18 selling chocolate chips cookies, and $45 selling chunky sugar cookies. Each bag of cookies costs the same amount. What is the most that Steven could charge for each bag of cookies?

Answers

Answer:

9 dollars

Step-by-step explanation:

It would be 9 dollars because that is the only common factor that could go into 27, 28, or 45.

How are lines KL and MN related?
O The lines intersect at point K.
O The lines are parallel.
O The lines are perpendicular.
O The lines do not have slopes,

Answers

The lines are perpendicular

The lines KL and MN perpendicular to each other.

What is slope?

In mathematics, the slope or gradient of a line is a number that describes both the direction and the steepness of the line. The slope of a line is a measure of its steepness. Mathematically, slope is calculated as "rise over run" (change in y divided by change in x).

here, we have,

If a line passes through two points, then the slope of the line is

m = y2-y1/x2-x1

From the given graph it is clear that coordinates of points on line KL are K(-8,2) and L(6,2).

The slope of line KL is

m = 0

The slope of line KL is 0, it means it is a horizontal line.

From the given graph it is clear that coordinates of points on line MN are M(-4,8) and N(-4,-6).

The slope of line MN is

m = 1/0

The slope of line MN is 1/0 or undefined, it means it is a vertical line.

We know that vertical and horizontal lines are perpendicular to each other.

Therefore the lines KL and MN perpendicular to each other.

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You should not schedule _____ tasks for the same day.


yearly

daily

weekly

monthly

Answers

Answer:

B. Daily

Step-by-step explanation:

It makes more sense to put "daily" because of "the same day."

Daily means doing something everyday.

You should not schedule daily tasks for the same day.

Answer:

I just took the test.

It is weekly.

Name the subset(s) of real numbers to which the number belongs.
−1.57

A. integer only
B. rational only
C. irrational and rational
D. rational and integer

Answers

it’s b- rational (i think)

Note: Enter your answer and show all the steps that you use to solve this problem in the space provided. Combine like terms to simplify the expression. 5 x + 4 + 2 x + 5

Answers

Answer:

[tex] \huge{ \boxed{ \bold{ \text{7x + 9}}}}[/tex]

Step-by-step explanation:

[tex] \text{5x + 4 + 2x + 5}[/tex]

[tex] \text{Combine \: like \: terms} : [/tex]

[tex] \text{Like \: terms \: are \: those \: which \: have \: the \: same \: base.}[/tex]

[tex] ➝ \: \text{5x + 2x + 4 + 5}[/tex]

➝ [tex] \text{ 7x + 4 + 5}[/tex]

[tex] \text{Add \: the \: numbers : 4 \: and \: 5}[/tex]

[tex] ➝ \: \text{7x + 9}[/tex]

[tex] \text{Hope \: I \: helped}[/tex]!

[tex] \text{Best \: regards}[/tex]!

~[tex] \mathfrak{TheAnimeGirl}[/tex]

Answer:

7x + 9

Step-by-step explanation:

Combine like terms, means put the ones that have something in common together; in this case they are the terms with an 'x' value, and a regular numeric value.

5x+2x = 7x

5+4 = 9

therefore:

7x+9  

find the cube of 2.9​

Answers

Step-by-step explanation:

[tex] {2.9}^{3} \\ 2.9 \times 2.9 \times 2.9 \\ 8.41 \times 2.9 \\ 24.389[/tex]

Answer:

The cube of [tex]2.9[/tex] is [tex]24.389[/tex].

simplify the expression (5x^7)^2

Answers

Answer:

25x^14

Step-by-step explanation:

pair that describes <2 <3

Answers

Answer:

Hello!!! Princess Sakura here ^^

Step-by-step explanation:

The angles 2 and 3 are corresponding angles. So it's choice C.

Tip: Any pair of angles each of which is on the same side of one of two lines cut by a transversal and on the same side of the transversal.

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