Marcy has $1600 to invest at 8% annual interest compounded monthly. how long will it take her investment to grow to $2400?

Answers

Answer 1

It will take about 5 years for her investment to grow to $2400.

The formula for calculating the compound amount is expressed according to the equation;

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

A is the amount after t years = $2400P is the amount invested = $1600r is the rate = 8% = 0.08t is the time in yearsn is the compounding time = 12 (monthly)

Substitute the given parameters into the formula to have:

[tex]2400=1600(1+\frac{0.08}{12} )^{12t}\\1.5=(1+0.00667)^{12t}\\[/tex]

Take the natural logarithm of both sides

[tex]ln(1.5)=12tln(1.00667)\\12t=\frac{ln(1.5)}{ln(1.00667)}\\t = \frac{0.4054}{0.07977}\\t= 5.082years[/tex]

Hence it will take about 5 years for her investment to grow to $2400

Learn more on compound interest here: https://brainly.com/question/24924853


Related Questions

A computer vauled at $30,000 is depreciated to $0 value over a 6 year period. find the rate of change in the computer's value per year.

Answers

Answer:

$5000 per year

Step-by-step explanation:

Given data

initial value of the computer= $30000

Final value = $0

Duration= 6years

Hence the rate of change in the value per year is

=30000/6

=$5000 per year

Which label on the cone below represents the vertex?
D
B
А.
С
ОА
D
Mark this and stum
Save and Exit

Answers

D is the answer because it represents the vertex

The list below shows the number of books read by students in Aram’s class over the summer. What is the mode of the data

3,6,12,4,3,5,4,8,4,10,4,8,7,5,7

Answers

Answer:

the mode is 4 because it appears the most times in the detail set

Answer:

The mode is 3

Step-by-step explanation:

The mode of a set of numbers is whatever number appears the most. So here, you have four 4's, which is the most common number

A chocolate factory made 369.84 pounds of milk chocolate in 2 days. How much milk chocolate, on average, did the factory make per day?

Answers

Answer: 184.92 lbs

Step-by-step explanation:

If the total amount they made in 2 days was 369.84, the avg per day would just be half of that

369.84/2=184.92 lbs

Answer:

The factory made 184.92 pounds of milk chocolate per day.

Step-by-step explanation:

369.84 ÷ 2 = 184.92

Have a great day :)

The track team is trying to reduce their time for a relay race. Firstthey reduce their time by 2.1minutes. Then they are able to reduce that time by. If their final time is 3.96 minutes, what was their beginning time?

Answers

Answer:

8.16 or 6.06

Step-by-step explanation:

final is 3.96

they reduced their time twice by 2.1min

3.96+2.1+2. 1=8.16

True or false: You would get £3.50 in change from £10.00 if you bought a game for £7.50.

Please help me ASAP!!!!!!!!

Also please accept friend requests. :)

Thanks

Answers

Hi there!  

»»————- ★ ————-««

I believe your answer is:  

False.

»»————- ★ ————-««  

Here’s why:  

⸻⸻⸻⸻

Change is the difference between how much you pay and the actual price of the item.

⸻⸻⸻⸻

[tex]10.00 - 7.50 = 2.50[/tex]

⸻⸻⸻⸻

You would actually receive 2.50.

»»————- ★ ————-««  

Hope this helps you. I apologize if it’s incorrect.  

Helpppppp pleaseeee anyoneeeee!!!!!

Answers

Answer:

Create a function representing number of published articles per month:

[tex]a=12m+60[/tex]

Where:

a = total number of articles publishedm = number of months12 = slope = number of articles published per month60 = y-intercept = number of published articles at the start (month 0)

Now substitute in the values of m to get the a-value:

m = 1 → a = 12(1) + 60 = 72m = 3 → a = 12(3) + 60 = 36 + 60 = 96m = 4 → a = 12(4) + 60 = 48 + 60 = 108m = 9 → a = 12(9) + 60 = 108 + 60 = 168

In the figure, p is parallel to s. Trasnversals t and w intersect at point L.
Statement

What is the missing reason in step 3?
a.) Alternate interior angles along parallel lines are congruent
b.) Alternate exterior angles along parallel lines are congruent
c.) Corresponding angles along parallel lines are congruent
d.) Vertical angles are congruent

Answers

Option C

Corresponding angles along parrellel lines are conguerent

Answered by Gauthmath pls mark brainliest and comment thanks and click thanks

Triangle LMN is dilated by a factor of 1.25 to create triangle PQR what is the length of PQ A 20 cm B 18.75 cm C 17 cm di 12 cm

Answers

Answer:

See explanation

Step-by-step explanation:

Given

[tex]\triangle LMN \to \triangle PQR[/tex]

[tex]k = 1.25[/tex]

Required

The length of PQ

[tex]\triangle LMN \to \triangle PQR[/tex] means that the side lengths of LMN are multiplied by 1.25 to get the side lengths of PQR

And it implies that the following sides are corresponding

[tex]LM \to PQ[/tex]

[tex]MN \to QR[/tex]

[tex]LN \to PR[/tex]

So, we have:

[tex]PQ = k * LM[/tex]

[tex]PQ = 1.25* LM[/tex]

The question is incomplete.

Assume LM = 16, then:

[tex]PQ = 1.25* 16[/tex]

[tex]PQ = 20[/tex]

Can someone please help me find the answer to this question

Answers

Answer:

2,-2

you just have to look at the "menu" of choices and determine which one of the choices

fits the question... the f(-4) says you have to see which one of the three

choices has -4 in it ...

the middle one does -4≤x≤1 -4 is for sure in the range

this question #1 answer is "2" because the result is always a 2 for that choice...

the next question put in 3 ... three is greater than 1 (that is the third choice)

so the result is -(3) + 1 = -2

your answers are 2, and -2

Step-by-step explanation:

Can someone help please

Answers

Answer:

[tex]10^{-3}[/tex]

Step-by-step explanation:

Answer:

https://tex.z-dn.net/?f=10%5E%7B-3%7D

Step-by-step explanation:

Find the surface area of the cylinder in terms of T. 9 cm 19 cm Not drawn to scale O 211.5 cm 2 0 382.57 cm 2. O 333 77 cm2 o 504 лcm​

Answers

Answer:

hey the answer is cylinder= 211.5л!

What is the constant of proportionality in the equation x 2
—- = ——
Y 9

Answers

Answer:

The Constant is 9/2

Jonathan has a comic book collection.
He tells you he sold half of them, but then bought 9 more new comics.
After this, Jonathan now has 81 comic books. How many comic books did he have before he sold some? a) Let b = the number of Jonathan had before selling some. Write the equation you would use to solve this problem.

Answers

144.
Ok so he bought 9, and now has 81. All we have to do is take 9 away from 81 again and then multiply it by 2.

The midpoint of a segment is (6,−4) and one endpoint is (13,−2). Find the coordinates of the other endpoint.

A. (20, -6)
B. (-1, 0)
C. (-1, -6)
D. (20, 0)

Answers

Answer:

(-1,-6)

Step-by-step explanation:

(13 + x)/2 = 6

13+x= 12

x = -1

~~~~~~~~~~~~~~~

(-2 + y ) / 2 = -4

-2 + y = -8

y = -6

The coordinates of the other endpoint will be (-1,-6). The correct option is C.

What is the midpoint of the line?

Divide the measurement of the distance between the two end locations by 2. The middle of that line is located at this separation from either end.

A coordinate plane is a 2D plane that is formed by the intersection of two perpendicular lines known as the x-axis and y-axis.

Given that the midpoint of a segment is (6,−4) and one endpoint is (13,−2).

The x- coordinate will be calculated as:-

(13 + x)/2 = 6

13+x= 12

x = -1

The y-coordinate will be calculated as:-

(-2 + y ) / 2 = -4

-2 + y = -8

y = -6

Therefore, the coordinates of the other endpoint will be (-1,-6). The correct option is C.

To know more about midpoints of the line follow

https://brainly.com/question/24431553

#SPJ2

đồ thị hàm số có bao nhiêu tiệm cận

Answers

Answer:

c

Step-by-step explanation:

For a party Justin buys a pizza and cuts it into 24pieces.Marc eats 1/6 of portion of the pizza and claudine eats 1/4 of what remains after both of them have eaten, Sylvia eats 1/3 of the result.Justin gets to eat what is left over what fraction of the pizza did Justin not eat

Answers

Answer:

Justin did not eat 7/12 of the pizza

Step-by-step explanation:

Marc eats 1/6 × 24 = 4, 24 - 4 = 20 left over

Claudine eats 1/4 × 20= 5, 20 - 5 = 15 left over

Sylvia eats 1/3 × 15 = 5, 15 - 5 = 10 left over

Justin eats 10.

24 - 10 = 14

Justin did not eat 14/24 = 7/12

help me plz tyyyyyyyyyy​

Answers

Answer:

c 6m hope to help

tjabssb

Answer:

3 m

Step-by-step explanation:

because all sides are equal

calculate the calculate the area of a circle whose diameter is 9 cm and pie is 22/7 ​

Answers

Answer: 63.64 cm² (rounded to the hundredth place)

Step-by-step explanation:

Concept:

Here, we need to understand how to find the area of a circle.

The general formula is: A = πr²

π = 3.14 (or any constants that equals to this value)

r = radius = (1/2) diameter

Solve:

π = 22/7

r = d/2 = 9 / 4 = 4.5

A = πr²

A = (22/7) (4.5)²

A = (22/7) (4.5)²

A = 63.64 cm² (rounded to the hundredthe place)

Hope this helps!! :)

Please let me know if you have any question

Answer:

63.64 cm²

Step-by-step explanation:

r = d/2 = 9 / 4 = 4.5

A = πr²

A = (22/7) (4.5)²

A = (22/7) (4.5)²

A = 63.64 cm² (rounded to the hundredth place)

A company distributes candies in bags labeled 23.6 ounces. The local bureau of weights and Measures randomly selects 60 bags of candies and obtain a sample mean of 24 ounces . Assuming that the standard deviation is 3.2. At 0.05 level of significance , test the claim that the bags contain more than 23.6 ounces . what is your conclusion about the claim.

Answers

Answer:

The p-value of the test is 0.166 > 0.05, which means that there is not sufficient evidence at the 0.05 significance level to conclude that the bags contain more than 23.6 ounces.

Step-by-step explanation:

A company distributes candies in bags labeled 23.6 ounces. Test if the mean is more than this:

At the null hypothesis, we test if the mean is of 23.6, that is:

[tex]H_0: \mu = 23.6[/tex]

At the alternative hypothesis, we test if the mean is of more than 23.6, that is:

[tex]H_1: \mu > 23.6[/tex]

The test statistic is:

[tex]z = \frac{X - \mu}{\frac{\sigma}{\sqrt{n}}}[/tex]

In which X is the sample mean, [tex]\mu[/tex] is the value tested at the null hypothesis, [tex]\sigma[/tex] is the standard deviation and n is the size of the sample.

23.6 is tested at the null hypothesis:

This means that [tex]\mu = 23.6[/tex]

The local bureau of weights and Measures randomly selects 60 bags of candies and obtain a sample mean of 24 ounces. Assuming that the standard deviation is 3.2.

This means that [tex]n = 60, X = 24, \sigma = 3.2[/tex]

Value of the test statistic:

[tex]z = \frac{X - \mu}{\frac{\sigma}{\sqrt{n}}}[/tex]

[tex]z = \frac{24 - 23.6}{\frac{3.2}{\sqrt{60}}}[/tex]

[tex]z = 0.97[/tex]

P-value of the test and decision:

The p-value of the test is the probability of finding a sample mean above 24, which is 1 subtracted by the p-value of z = 0.97.

Looking at the z-table, z = 0.97 has a p-value of 0.834.

1 - 0.834 = 0.166

The p-value of the test is 0.166 > 0.05, which means that there is not sufficient evidence at the 0.05 significance level to conclude that the bags contain more than 23.6 ounces.

En su cuenta bancaria, Sally tiene un saldo de -\$200.90−$200.90minus, dollar sign, 200, point, 90. Su amiga Shannon tiene un saldo bancario de -\$240.55−$240.55minus, dollar sign, 240, point, 55. ¿La cuenta bancaria de cuál amiga tiene más deuda

Answers

Answer:

Shannon

Step-by-step explanation:

Cuando se habla de lo que uno tiene, podemos usar números positivos.

Por ejemplo:

Pedro tiene 10 manzanas.

Para el caso de deudas, utilizamos números negativos, por ejemplo:

Pedro tiene -10 manzanas

Lo cual significa que Pedro debe 10 manzanas a alguien.

Entonces si le diéramos a Pedro 12 manzanas, el ahora tendría:

-10 + 12 = 2

Pedro tiene 2 manzanas, porque tuvo que entregar 10 de las 12 que le dimos para pagar su deuda.

Ahora vamos a resolver el problema:

La cuenta de Sally tiene un saldo de:

S = -$200.90

El signo negativo quiere decir que Sally tiene una deuda de $200.90

La cuenta de su amiga Shannon tiene un saldo de:

S' = -$240.55

De vuelta, el signo negativo quiere decir que Shannon tiene una deuda de $240.55

Con esto ya podemos concluir que la deuda de Shannon es mayor, por lo tanto Shannon es la que tiene más deuda.

please find the value of x

Answers

Answer:

x = 5.9

Step-by-step explanation:

Since this is a right triangle, we can use trig functions

tan theta = opp /adj

tan 26 = x /12

12 tan 26 =x

x=5.85279

Rounding to the nearest tenth

x = 5.9

find f(x)•g(x)
f(x) = 3x - 1
g(x) = x^2 + 4

Answers

1. the question is asking you to multiply the two function expressions together

2. so all we do is (3x - 1)(x² + 4) which gives you 3x³ + 12x - x² - 4

The answer in photo
Don't forget put heart ♥️

I need help finding the answer

Answers

Answer c can you explain more

Write in standard form using integers. (ASAP help)
Is it a, b, c or d?

Answers

Answer: D

Step-by-step explanation:

To get rid of denominator in x, multiply everything by 3

3y=2x+21

Move the variables to the left

-2x+3y=21

Mr. Johnston needs a shelf to hold a set of textbooks, each 1 3/4 in. Wide. How many books will fit on a 35-in.-long shelf?

Answers

Answer:

20 books

Step-by-step explanation:

35/1.75

20

Solve the equation for all values of x.
-x(x – 8)(x^2+25) = 0

Answers

Answer:

0, 8, 5i, -51

Step-by-step explanation:

Just calculate algebraically. Let me know if you need a more elaborate explanation.

What is the slope of a line perpendicular to a line that contains the points (-5, 4) and (-2, 4)?

Select the best answer from the choices provided.
A.
0
B.
no slope
C.
8/3
D.
-3/8

Answers

Answer: B. No slope


Explanation: The slope of a perpendicular line will always be the negative reciprocal of the slope of the given line. That means that you first have to find the slope of the given line by using the two points on that line:

Point 1: (-5, 4)
Point 2: (-2, 4)
Slope=(y2-y1)/(x2-x1)
Slope=(4-4)/((-2)-(-5))
Slope=0/3

If the slope of the initial line is 0/3 and the slope of its perpendicular line is the negative reciprocal of that slope, that means the slope of the perpendicular line will be -3/0 which is undefined because you can’t divide -3 by 0.

Therefore, the slope of the perpendicular line is undefined, or in other words, there isn’t an exact slope.



Hope that helps シ

What is the area for the circle?

Answers

Answer:

108 squared centimeters

Step-by-step explanation:

Let's exchange π for 3:

area = πr^2

        = 3r^2

Now, as you can see, the radius of this circle is 6. Let's plug in the value of r:

area = 3r^2

        = 3 · 6^2

Simplify 6^2:

area = 3 · 6^2

        = 3 · 36

Multiply 3 by 36:

area = 3 · 36

area = 108

108 squared centimeters

mr.brown can type 80 words in two minutes. how many words can he type in 40 minutes?

Answers

Answer:

Step-by-step explanation:

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