Ella invested $4,900 in an account paying an interest rate of 3% compounded monthly. Assuming no deposits or withdrawals are made, how long would it take, to the nearest tenth of a year, for the value of the account to reach $5,920?​

Answers

Answer 1

Answer:

It would take 6 years for the value of the account to reach $5,920

Step-by-step explanation:

Principal Amount = $4900

Interest rate r = 3% = 0.03

Compounded monthly = n=12

Time t =?

Future Value = $5920

We can find time using formula: [tex]A=P(1+\frac{r}{n})^{nt}[/tex]

Putting values and solving:

[tex]A=P(1+\frac{r}{n})^{nt}\\5920=4900(1+\frac{0.03}{12})^{12t} \\5920=4900(1+0.0025)^{12t}\\5920=4900(1.0025)^{12t}\\\frac{5920}{4900}= (1.0025)^{12t}\\1.21=(1.0025)^{12t}[/tex]

Applying exponent rule; [tex]a=b^c\\c\:ln(b)=ln(a)[/tex]

[tex]12t\:ln(1.0025)=ln(1.21)\\12t\:(0.00249)=0.19062\\t=\frac{0.19062}{12*0.00249}\\t=6.3\approx6[/tex]

So, It would take 6 years for the value of the account to reach $5,920


Related Questions

Name the function family that each graph best belongs to.

Use the following answer choices to answer questions 7- 11 (each choice can be used more than once.)

a. Quadratic
b. Absolute Value
c. Linear
d. Exponential
e. Reciprocal
f. Cubic
g. Square Root
h. Cube Root
i. Logarithmic

Answers

Answer:

7. Absolute Value

8. Exponential

9. Quadratic

10. Linear

11. Logarithmic

Absolute value
Exponential
Quadratic
Linear
Logarithmic

Diego tried to solve the equation 13(x+15)=3

Answers

Answer:

x=0.107

Step-by-step explanation:

First we distribute 13 to x and 15. That gives us 13x+15x=3. Now we add 13x and 15x, that gives us 28x=3.  Now we divide by 28 on both sides. That gives us x=0.107

What is the area of ABC? Round to the nearest tenth of a square unit.

Answers

Answer:

I can't see the photo very well.

During her senior year, Courtney took both the SAT and ACT. She scored 680 on the SAT math test and 27 on the ACT math test. Scores on the math section of the SAT vary from 200 to 800, with a mean of 528 and standard deviation of 117. Scores on the math section of the ACT vary from 1 to 36, with a mean of 20.5 and a standard deviation of 5.5.
Calculate Courtney's standardized score (z-score) on each test. Which of her two test scores was better, relatively speaking? Explain your reasoning.

Answers

Her z-scores are given as follows:

SAT: 1.30.ACT: Z = 1.18.

Due to the higher z-score, she was relatively better on the SAT.

What is the z-score formula?

The z-score of a measure X of a distribution with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex] is given by:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

The z-score measures how many standard deviations the measure is above or below the mean. Looking at the z-score table, the p-value associated with this z-score is found, which is the percentile of X.

For the SAT test, the parameters are given as follows:

[tex]X = 680, \mu = 528, \sigma = 117[/tex]

Hence her z-score is given by:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

Z = (680 - 528)/117

Z = 1.30.

For the ACT test, the parameters are given as follows:

[tex]X = 27, \mu = 20.5, \sigma = 5.5[/tex]

Hence her z-score is given by:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

Z = (27 - 20.5)/5.5

Z = 1.18.

Due to the higher z-score, she was relatively better on the SAT.

More can be learned about z-scores at https://brainly.com/question/25638875

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Laura has 1425 dollars in her bank account this amount reflects a 14% increase what was her original amo

Answers

$1425 multiplied by .14 (14% just move the decimal place over twice)

multiply these two numbers together and your result is $199.5 rounded up to $200.

Now you subtract $200 from 1425 and get $1225 which was the original amount

Select the correct answer.

Which equation describes the line graphed above?

Answers

Answer:

d

Step-by-step explanation:

I think it is


D



Personally

what is the measure of DE?

Answers

Answer:

C: 41°

Step-by-step explanation:

ACB ≅ BDE

My best guess is A. It is larger than 39, but less than 41. Unless they equal eachother, but it looks like ABC is larger. Correct me if I’m wrong please

Red is a very popular car color. A production company manufactures cars and parks them in
a lot behind the plant. There are 800 cars in the parking lot and 80% of them are red. How
many red cars are in the parking lot?

Answers

Answer:

640 red cars.

Step-by-step explanation:

Just search up 80 percent of 800.

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

2(2 – 2x) = –3x A. –4 B. 4 C. 6 D. 0

Answers

Answer:

[tex]x = 4[/tex]

Step-by-step explanation:

Let's solve:

[tex]2(2−2x)=−3x[/tex]

Step 1: Simplify both sides of the equation.

[tex]2(2−2x)=−3x \\ (2)(2)+(2)(−2x)=−3x(Distribute) \\ 4+−4x=−3x \\ −4x+4=−3x[/tex]

Step 2: Add 3x to both sides.

[tex]−4x+4+3x=−3x+3x \\ −x+4=0[/tex]

Step 3: Subtract 4 from both sides.

[tex]−x+4−4=0−4 \\ −x=−4[/tex]

Step 4: Divide both sides by -1.

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

Therefore, the answer will be x = 4.

what is the opposite integer -6​

Answers

The absolute value of a number is the distance of the number from zero without regard for the sign. Note that for negative numbers the opposite and absolute values are identical

So your answer is basically 6

HELP ME SOLVE THIS PLEASE! I WILL GIVE BRAINLYEST​

Answers

Answer:

Step-by-step explanation:

y keeps adding 6 while x keeps adding 3

Need answer asap........

Answers

Answer:

So you need to use PEMDAS, Mom is correct but the dad is not correct

Step-by-step explanation:

He needed to subtract before he added, basically from left to right first come first serve.

Look at the planes ABCD and EFGH shown below. The two planes intersect along which of the following lines?

Answers

Answer:

where is the Image to show it?

Help please!!!!!!!!!!

Answers

Answer:

y= -1/5x+3

I hope that this helps! :)

2) In A ABC , if LA = 60° , LB = 450 then find tc.​

Answers

Given:

In ∆ABC,

Angle A = 60°

Angle B = 45°

To Find:

The measurement of Angle C.

We know that the sum of all the interior angles of a triangle is 180°.

Explanation:

Angle A + Angle B + Angle C = 180°

By putting the respected values, we get

60° + 45° + Angle C = 180°

or, 105° + Angle C = 180°

By transposition method, we get

Angle C = 180° - 105°

Angle C = 75°

Answer:

The measurement of Angle C is 75°

How to attach multiple photos?​

Answers

Answer:

click the paperclip

Step-by-step explanation:

you can click the paperclip and paste multiple pictures

HELL DONT TELL ME BS

DONt​

Answers

Answer: D , see below

Step-by-step explanation:

remember the power rules

(a^b)^c= a^(b*c)

answer is(10^10)(7^25)  is choice D

Answer:

THe answer is d

Simplify the expression to a polynomial in standard form:
(3x + 1)(2x2 + 9x + 6)

Answers

Times them and then add them all together in their pairs...

3x)(4+18x+12=21x+16

8 1/4 hours of work for a total pay of $99.00 What is the unit rate :)

Answers

Answer:

$12 per hour

Step-by-step explanation:

8.25 hours for $99

99/8.25 = 12

$12 per hour

Answer 12 per unit hour

An airplane is preparing to land at an airport. It is46,400 feet above the ground and is descending at the rate of3,100 feet per minute. At the same​ airport, another airplane is taking off and will ascend at the rate of 2,700 feet per minute. When will the two airplanes be at the same altitude and what will that altitude​ be?

Answers

The time when the two airplanes would have the same altitude is 8 minutes. The altitude would be 21,600 feet.

What is the altitude?

The equation that can be used to represent the altitude of the descending plane is: feet above the ground - (rate of descent x number of minutes)

46,400 - (3100 x t)

The equation that can be used to represent the altitude of the ascending plane is: rate of ascent x number of minutes

2700 x t

Where t is the number of minutes

When both airplanes are of the same altitude, the above equations will be equal: 2700t = 46,400 - 3100t

In order to determine the value of t, take the following steps:

Combine similar terms: 2,700t + 3,100t = 46,400

Add similar terms : 5,800t = 46,400

Divide both sides by 5,800 : t = 46,400 / 5,800

t = 8 minutes

Altitude = 2700 x 8 = 21,600 feet

To learn more about mathematical equations, please check: https://brainly.com/question/26427570

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48 less than twice a number

Answers

What is it asking for.

Answer:

2x - 48

Step-by-step explanation:

If it is 48 less, then it is -48. Next is 2x because it is twice a number.

At the mini-mart, Kathy spent $1.39 for a muffin, $2.99 for milk, and $0.99 for a bag of chips. About how much did he spend?
$5.00
$3
$4.00
$5.37

Answers

Answer:

$5.37

...............

the answer is $5.37 but it asks for the approximate amount, not the exact amount so the answer is $5.00

Weight is a measure of force affected by gravity. The Moon’s gravity is less than Earth’s gravity, so objects weigh less on the Moon than on Earth.


How much do you think a cat will weigh on the Moon? Explain your reasoning.

Answers

9514 1404 393

Answer:

  about 1.5 pounds

Step-by-step explanation:

The moon's gravity is about 1/6 that of Earth, so a 9-lb cat would weigh about 9/6 = 1.5 pounds on the moon.

Select the correct answer. 3 A linear function has a y-intercept of -12 and a slope of 3/2. What is the equation of the line?
a. y = 3/2x - 12
b.y=3/2x+12
c.y=2/3x-12
d y=-12x-3/2

Answers

Answer:

a. y = 3/2x - 12

Step-by-step explanation:

Slope is y = mx + b

Slope or m = 3/2

y-intercept or b = -12

Substitute m for 3/2 and b for -12 then the answer would be y = 3/2x - 12

What is the equation in standard form of the line y - 5 =
5=(x + 6)?
2y-10=3x + 18
2y = 3x + 28
3x - 2y = -28
3x = 2y - 28

Answers

Answer: 5(2x + 3). = 2x2 + 3x − 10x − 15 ... 5. Expand. 1. 2. (2y – 8). 6. Expand and simplify. ... 28 g. 72 h. 162. 2. Simplify. a. +. 72. 162 b. −. 45 2 5.

Step-by-step explanation:

Y - 58 = -43

Helppppp

Answers

Answer:

y = 15

Step-by-step explanation:

y - 58 = -43

add 58 to both sides

y = 15

Answer:

y = 15

General Formulas and Concepts:

Pre-Algebra

Order of Operations: BPEMDAS

Brackets Parenthesis Exponents Multiplication Division Addition Subtraction Left to Right

Equality Properties

Step-by-step explanation:

Step 1: Define Equation

y - 58 = -43

Step 2: Solve for y

Add 58 on both sides:                    y = 15

Step 3: Check

Plug in y into the original equation to verify it's a solution.

Substitute in y:                   15 - 58 = -43Subtract:                             -43 = -43

Here we see that -43 does indeed equal -43.

∴ y = 15 is the solution to the equation.

THIS IS DUE TOMORROW HELP PLSSS
Name 3 Rectangular Items that are something you can hold. And then name those items' Length, Width, Height, Area, or Volume.

I can't grab rectangular items since I'm doing this at night.

Answers

Answer explanation:

1. My Amazon package is 28 inches in width, 18 inches in height, and 40 inches in length. The volume is 20,160.

Volume= Length x Width x Height

Find the total amount due on a loan of $5,000 for 8 years at 10% simple interest.
$4,000
$5,500
$9,000
$9,500
$5,400

Answers

10% of 5000 is 500 and 500 times 8 is 4000 so the total amount due would be 9000 :)


There are 13 boys and 18) girls in the cafeteria.
How many less boys are in the cafeteria?

Answers

Answer: 5 less boys in the cafeteria then girls.

Step-by-step explanation:

18-13=5

18=girls

15=boys

5=less boys

kinda just basic subtraction.

There’s 5 less boys in the cafeteria

A map has a scale of 288 mi to the
inch. How far apart on the map are two cities that, in
reality, are 2016 mi apart? How far apart in reality are
two cities that are 8 in. apart on the map?

Answers

The scale of a map is 288 miles per inch. On the map, how far away are two cities that are actually 2016 miles apart? Two cities that are 8 inches apart on a map, how far apart are they in reality?

7 miles per inch far away are two cities that are actually 2016 miles apart and 1.142 miles per inch  far away the two cities that are 8 inches apart on a map.

Let us take First two cities as A and B and the next two cities as C and D.

Now,

City A and City B are separated by 288miles per inches.

In reality, the two cities are separated by 2016 miles.

[tex]=\frac{2016}{288}=7[/tex]

The scale on the map for cities A and B is: 7

The same map, however,

what would be the separation between cities C and D,

the true distance between two cities, which is 8 miles.

This issue can be resolved with a proportion.

=[tex]\frac{288}{2016}\times 8[/tex] miles

=[tex]\frac{288\times8}{2016}[/tex] miles

=1.142 miles

Therefore, on the map, 7 miles per inch far away are two cities(A and B) that are actually 2016 miles apart and 1.142 miles per inch  far away the two cities(C and D) that are 8 inches apart on a map.

To learn more about miles visit: https://brainly.com/question/23245414

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