How many years will it takes an investment of 3000$ to amount to 5,000 if money is invested at 4.1% compounded monthly

How Many Years Will It Takes An Investment Of 3000$ To Amount To 5,000 If Money Is Invested At 4.1% Compounded

Answers

Answer 1

Answer:

1.66

Step-by-step explanation:

Answer 2

The years needed to make $3000 to $5000 is 12.5.

What is compound interest?

Compound interest simply means that the interest associated with a bank account, loan, or investment increases exponentially over time.

Given that, an investment of $3000 to amount to 5,000 if money is invested at 4.1% compounded monthly

A = P(1+r/12)^12t

5000 = 3000(1+0.041/12)^12t

5/3 = (1.0034)^12t

Taking log both sides,

log5/3 = 12tlog(1.0034)

0.221 = 12t0.00147

12t = 150.34

t = 12.5

Hence, required years are 12.5.

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Related Questions

About 2 in every 400 people have an extra rib. If there are 580 people in Antoine’s middle school, predict how many people have an extra rib

Answers

Answer:

2.9 people in her school have an extra rib.

Step-by-step explanation:

580/400= 1.45

1.45 x 2 = 2.9

please please help me!!​

Answers

Answer:

-37/100

Step-by-step explanation:

-0.37 is -37 over 100

Answer:

Step-by-step explanation:

37/100

Which of the following sets represents the domain of the function shown? (5 points) {(2, 3), (4, 7), (5, 9), (11, 6)}
a
{2, 4, 5, 11}

b
{3, 7, 6, 9}

c
{(3, 2), (7, 4), (9, 5), (6, 11)}

d
{2, 3, 4, 5, 6, 7, 11}

Answers

Answer:

A shows the domain

2,4,5,11

Answer:

The domain is all x variables so the answer is (A) {2, 4, 5, 11}

Regina has a bag of marbles that contains 3 blue marbles, 4 red marbles, and 5 yellow marbles. She draws one marble, then replaces it, and draws one more.

There are
possible outcomes.

The probability the first drawn marble will be blue is
.

The probability the second marble drawn will be yellow is
.

So, P(blue, then yellow) =
.

Answers

Answer: 12, 1/4, 5/12, 5/48

Step-by-step explanation:

i got it right

Answer:

12,

1/4,

5/12,

5/48

Step-by-step explanation:

Have a great day!

What is the slope of the line on the graph?

Please help asap

Answers

the slope would be 2/4

What is the intermediate step in the form (x+a)2 = b as a result of completing the square for the following x^2+16x-145=10x-7

Answers

Answer:

(x+3)^2=147

Step-by-step explanation:

What is the value of the expression below when z=2

4z2-3z-4 please help

Answers

The answer is 4z squared - 3z - 4

What percent of Rs 80 is Rs 20

Answers

Answer:

Your answer is 25%

Step-by-step explanation:

Hope this helps you

Do mark me as brainliest

3n - 7m for n = 5 amd m = 4

Answers

Answer:

-13

Step-by-step explanation:

first you will subsitute 5 for n in the  equation to get 3(5)-7m

next you will subsitute 4 for m in the equation to get 3(5)-7(4)

then solve: 3x5= 15

7x4= 28

15-28= -13

-13
3x5=15
7x4=28
15-28= -13

Y’all help me with this and how you got it i need to show my work

Answers

Answer:

6

Step-by-step explanation:

8x-3x-10=20

5x-20=10

5x=30

x=6

Answer:

x=6

Step-by-step explanation:

Le answer is an isosceles triangle
I have no explanation but if you want to- just trust me

Answers

Answer:

Okay, where's the question?

-6*4/2^3-15 help please

Answers

-177 should be your answer

What is the smallest whole number that is equal to seven times the sum of its digits?

Answers

Answer:

21

Step-by-step explanation:

2+1=3

7×3=21

therefor, the sum of the two digits is 3 and 7 times the sum is 21

Answer:

21

Step-by-step explanation:

Are the expressions: 3n - 1n + 7 and 2n + 10 - 3, for n=5

Answers

Answer:

17 Which means they are equal

All you have to do is replace n in the equasion.

Step-by-step explanation:

3(5) - 1(5) + 7

=17

2(5) + 10 - 3

=17

L-M-- A-O I LOOK AWAY FOR ONE SE. COND AND MY TEACHER HAS GCF AND A BUNCH OF NUMBERS WRITEN DOWN T---F IS GCFFFF ​

Answers

Answer:

She was probably lagging

Step-by-step explanation:

but this happens to me all the time so I feel your pain

Answer:

GCF is Greatest Common Factor.

Explaination:

The greatest common factor (GCF) of a set of numbers is the largest factor that all the numbers share. For example, 12, 20, and 24 have two common factors: 2 and 4. The largest is 4, so we say that the GCF of 12, 20, and 24 is 4.

What is Math POSTER I don't know what it is

if u guys did it before and u still have the paper can u guys show me thank u


PLZ HELP THAT THE ASSIMNET

Answers

Answer:

Easy, check bellow.

Step-by-step explanation:

Mistakes

Allow

Thinking to

Happen

what is 5 over 8 divided by 4
5/8 divided 4

Answers

Answer:

5/32 in fraction form

0.1563 in decimal form.

Step-by-step explanation:

step 1 Address formula, input parameters & values.

Input parameters & values:

5/8 & 4

5/8 ÷ 4= ?

step 2 Multiply 5/8 with reciprocal of 4

=5/8 x1/ 4 =5/32

Thus, 5/32 is equivalent fraction for 5/8 divided by 4

Answer:

0.15625

Step-by-step explanation:

Lines AB and CD (if shown) are straight lines. Find x. Give reasons to justify your solutions.

Answers

Answer:

Step-by-step explanation:

The value of x is 15.

What is linear pair?

Linear pairs of angles are created when two lines cross at a single point. Angles are said to as linear if they are contiguous to one another following the junction of two lines. If two angles are adjacent and their measurements add up to 180°, they are supplementary. As a result, a pair of linear angles always sums to 180°.

In a linear pair, the total of the two angles is always 180 degrees.Angles that are next to one another are called linear pairs, however not all adjacent angles are linear pairs.A common vertex and common arm are shared by a pair of linear angles.

Given:

<1 = 5x-15

<2 = 90

<3 = 2x

Now, using Linear pair

5x - 15 + 90 + 2x= 180

7x + 75 = 180

7x = 180-75

7x= 105

x= 105/7

x= 15

Hence, the value of x is 15.

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M is the midpoint of Segment AB. AM = 8. What is AB?

Answers

AM = 16

If M is the midpoint, you can deduct that AM = MB. So AM + MB = AB, substitute in 8 and you get 8+8=16

help please!!! i’ll give brainiest!

Answers

Answer:   -26

=================================================

Explanation:

Replace every x with -3

Then use the order of operations (PEMDAS) to simplify

y = -2x^2 + x - 5

y = -2(-3)^2 + (-3) - 5 ... x replaced with -3

y = -2(9) - 3 - 5

y = -18 - 3 - 5

y = -21 - 5

y = -26

Answer:

-26

Step-by-step explanation:

1. plug in -3 for all x's

  -2(-3)^2 + (-3) -5

2. combine like terms

  -2(-3)^2 - 8

3. pEmdas. deal with exponent first (remember: only affect the 3, since it's in parentheses! also when you square a negative number, it becomes positive!)

  -2(9) - 8

4. peMdas. multiply -2 and 9 next.

  -18 - 8

5. pemdaS. subtract 8 from -18.

  -18 - 8 = -26


please help as quick

Answers

32 or 2

Step-by-step explanation:

4×4×4×4= 256

2×2×2====8

Then 256÷8=32 or 32/1

What is the slope-intercept form of the equation of the line that passes through the points (-3, 2) and (1,5)?

Answers

Answer:

y= 3/4x+17/4

Step-by-step explanation:

You're welcome :)

Triangle XYZ has vertices X(8, −2.3), Y(6.5, 5), and Z(6, 3). When translated, X′ has coordinates (3.8, −0.3). Enter a rule to describe this transformation. Then find the coordinates of Y′ and Z′. Drag and drop each number into the correct box to complete the statements.

Answers

rule: (xy)—> (x-4.2, y+2)

y’ (2.3, 7)

z’ (1.8, 5)

I need a tutor to help me

Answers

Answer:

I wish I was smart to help ya out but I'm not but if you need help there is a tutor that can help you out.

graph a line with a slope of -5 that contains the point (-3, -4)

Answers

Answer:

y = -5x-19

Step-by-step explanation:

Use the point-slope formula to plug in the x1 and y1 and the slope -5 to get the equation y = -5x-19.

Formula: y-y1 = m(x-x1)

m = slope

x1 = x-value

y1 = y-value

Answer:

y=-5x-15

Step-by-step explanation:

starts off in point-slope form:

y+4=-5(x+3)

distribute the 5:

y+4=-5x-15

subtract 4 from each side:

y=-5x-20

^that answer is in slope intercept form.

What is the unit price for an 8 ounce package costing 1.59

Answers

image ?....?.?.?..?.?..?.?.?.?..?.?...?.?.?.?..??...?.?.??..?.?.? Smh simpsimpjdjs

Claire bought 10 chicken wings for $17.00. If Claire spent $5.10, how many chicken wings did she buy?

Answers

3 chicken wings

17 divided by 10 equals 1.7

1.7 multiplied by 3 equals 5.1

Solve the equations 7(2x+6)=1

Answers

Answer:

Step-by-step explanation:

B

Answer:

x = - [tex]\frac{41}{14}[/tex]

Step-by-step explanation:

Given

7(2x + 6) = 1 ← distribute parenthesis on left side

14x + 42 = 1 ( subtract 42 from both sides )

14x = - 41 ( divide both sides by 14 )

x = - [tex]\frac{41}{14}[/tex]

What is 8.170 in word form

Answers

Answer:

eight and seventeen hundredths

Step-by-step explanation:

Answer:

eight and seventeen hundredths

Jody has 2 red marbles, 7 blue marbles, and 9 yellow marbles. What is the ratio of red marbles to blue marbles?

Answers

Answer:

Red: blue: yellow

2 7 9

Step by step explanation:

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