How long will it take money to double if it is invested at the following rates?
(A) 6% compounded monthly
(B) 10.2% compounded monthly
(A) years
(Round to two decimal places as needed.)
(B) years
(Round to two decimal places as needed.)

Answers

Answer 1

The number of years it would take to double at 6% compounded annually is 11.55 years

The number of years it would take to double at 10.2% compounded annually is 6.8 years

What is the doubling time?

When an amount earns at a compound interest, it means that the investment increases at an exponential rate. This means that the rate of growth in a new compounding period would be greater than the rate of growth at the previous compounding period.

When an amount is compounded monthly, it means that both the amount invested and the interest that has already been earned increases in value once a month, twelves times a year.

The formula that can be used to determine the number of years it would take the investment to double is:

Number of years it would take to double = In (FV / PV) / r

Where:

FV = future value PV = present value FV / PV = 2 r = interest rate

r = 6/12 = 0.5%

r = 10.2 /12 = 0.85%

Number of years it would take to double = In2 / 0.005 = 138.629 months

138.629 months / 12 = 11.55 years

Number of years it would take to double = In2 / 0.0085 = 81.547 months

81.547 months / 12 = 6.8 years

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Related Questions

In response to an economic downturn, a company with 1500 employees reduces the number of employees to 1230. What is the percent decrease? (If necessary, round to two decimal places.)

Answers

The number of employees decreased by 18 percent

How to calculate the percent decrease of the employees ?

The formular for percent decrease is

old value-new value/old value × 100

old value= 1500

new value= 1230

1500-1230/1500 × 100

= 270/1500 × 100

= 0.18 × 100

= 18

Hence the number of employees decreased by 18 percent

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Annalea wants to know which school has higher athletic achievements relative to budget per student

Answers

The ways to know know which school has higher athletic achievements relative to budget per student are:

% of students in sports club divided by SAT averagethe number of sports medals won divided by SAT average

How to illustrate the information?

Analia thought of two different ways to define this quantity. Identify these two definitions among the following options.

% of students in sports club divided by SAT average

the number of sports medals won divided by SAT average

To determine which school has higher athletic achievements relative to the SAT average, according to the two definitions will be that Did you get the same result for both definitions?

No. The definitions have opposite results.

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Analia wants to know which school has higher athletic achievements relative to the SAT average. 1) Analia thought of two different ways to define this quantity. Identify these two definitions among the following options. Choose 2 answers: Choose 2 answers: (Choice A) A % of students in sports club divided by SAT average (Choice B) B Graduation rate divided by SAT average (Choice C) C Number of sports medals won (Choice D) D Number of sports medals won divided by SAT average 2) Determine which school has higher athletic achievements relative to the SAT average, according to the two definitions. Did you get the same result for both definitions? Choose 1 answer: Choose 1 answer: (Choice A) A Yes. According to both definitions, School A has higher athletic achievements relative to the SAT average. (Choice B) B Yes. According to both definitions, School B has higher athletic achievements relative to the SAT average. (Choice C) C No. The definitions have opposite results.

The height h in feet that a pole vaulter can reach can be estimated using the formula hu, where v is the velocity of the athlete in feet per
second.
If the height for a women's pole vault is about 9.8 feet, about how fast was the holder running? How far will the pole vaulter run in 2 seconds?
eet
feet per second

Answers

Using the numeric value of functions, it is found that:

The holder was running at a rate of 25 feet per second.The pole vaulter will run 50 feet in 2 seconds.

How to find the numeric value of a function/expression?

To find the numeric value of a function, we replace each instance of the variable by the desired value.

The formula for the velocity is given as follows:

[tex]v = 8\sqrt{h}[/tex]

In which h is the height.

For this problem, we have that the height is of h = 9.8, hence:

v = 8sqrt(9.8) = 25 feet per second.

The holder was running at a rate of 25 feet per second.

Then, in two seconds, the distance is given as follows:

d = 25 x 2 = 50 feet.

The pole vaulter will run 50 feet in 2 seconds.

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What is the degree of the polynomial? 10x4-11x2 +6

Answers

Answer:

is it is 10^4 - 11^2 + 6 then the answer will be 4

Step-by-step explanation:

The degree of the polynomial is 4

16.468>16.4 or < or =

Answers

Answer:

The answer is not that clear: But for 16.4 it isn't correct because you need to round it from 16.468 to 16.5. so therefore the answer is <

Determine f(x+a)−f(x) for the following function.

f(x)=x−9‾‾‾‾‾√+6

Answers

The value of the function f(x + a) - f(x) is √(x + a - 9) - √(x - 9)

How to evaluate the function value?

The function definition is given as

f(x) = √(x - 9) + 6

We start by calculating the function f(x + a)

So, we have

f(x + a) = √(x + a - 9) + 6

The function definition f(x + a) - f(x) is calculated as

f(x + a) - f(x) = √(x + a - 9) + 6 - (√(x - 9) + 6)

Open the bracket

So, we have

f(x + a) - f(x) = √(x + a - 9) + 6 - √(x - 9) - 6

Evaluate the difference

So, we have

f(x + a) - f(x) = √(x + a - 9) - √(x - 9)

Hence, the value of the function f(x + a) - f(x) is √(x + a - 9) - √(x - 9)

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PLEASE HELP BEEN STUCK ON THIS FORVER! AND ITS DUE SOON!
FIND THE 100TH LINE SEGMENT
CUBE #1 HAS 4 LINES
CUBE #2 HAS 12
CUBE #3 HAS 24
WHATS THE 100TH LINE SEGMENT USING NTH TERM.
PICTURE BELOW!

Answers

The 100th line segment by using the nth term of a sequence is equal to 20200.

What is a sequence?

A sequence can be defined as a series of real and natural numbers in which each term or list of elements are ordered in a particular order and repetitions are allowed.

Next, we would determine the differences between the terms in this sequence until all the differences are the same:

12 - 4 = 8

24 - 12 = 12

40 - 24 = 16

12 - 8 = 4

16 - 12 = 4

Since the differences are the same, the sequence is a quadratic function and it contains an n² term. Also, the coefficient of n² is one-half of the equal difference. This ultimately implies that, the coefficient of n² is equal to 2.

In order to determine the nth term of this sequence, we would develop a table to model increment:

n                    1       2       3      4

2n²                2       8      18    32

Operation    +2     +4     +6    +8

Sequence     4       12     24   40

By critically observing the table above, we can logically deduce that the nth term of this sequence is given by:

aₙ = 2n² + 2n

a₁₀₀ = 2(100)² + 2(100)

a₁₀₀ = 2(10000) + 2(100)

a₁₀₀ = 20000 + 200

a₁₀₀ = 20200.

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please factor and show work

Answers

Answer:

[tex]2a^2b*(3a^2-5ab-3b^2)[/tex]

Step-by-step explanation:

Attempt factorization by grouping

(((6•(a^4))•b)-((10•(a^3))•(b^2)))-((2•3a^2)•b^3)

(((6•(a^4))•b)-((2•5a^3)•b^2))-(2•3a^2b^3)

(((2•3a^4) • b) -  (2•5a^3b^2)) -  (2•3a^2b^3)

6a^4b - 10a^3b^2 - 6a^2b^3  =  2a^2b • (3a^2 - 5ab - 3b^2)

Pull out the leading term and put it with the original equation

= 2a^2b • (3a^2 - 5ab - 3b^2)

This would be one of the quicker ways to factor this equation.

Hope this helps.

Please help me asap!!! I need 3,5,7,9,10 first correct answer gets a crown and max points!!!

Answers

Answer:

3. 7

5. 8

7. 15

9. 6

10. 1

Step-by-step explanation:

At a clothing store Kayla finds to sweaters she likes she wants to know if she has enough for both sweaters since $34.95 is about 35 she add $20.75 and 35 mentally and gets $55.75. How should Kayla compensate to go the exact sum of the two prices

Answers

In order to be able to compensate to get the exact sum of the two prices, Kayla should subtract $0.05 from $55.75.

How to get the exact sum?

In order to be able to get the price of $55.75, Kayla rounded $34.95 up to $35 and then added $20.75.

To compensate for the rounding up and then get the exact sum of the prices of the sweaters, Kayla should subtract the difference between the $35 and the $34.95.

That difference is:

= 35 - 34.95

= $0.05

In conclusion, Kayla should subtract $0.05 from $55.75 to get $55.70.

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Last year, Singer A performed one more than five times as many shows during concert tours than Team B. The number of Singer A concert tour shows exceeded the number of shows by Team B by 73. How many concert shows did each perform?
Singer A
Singer B

Answers

The number of concert shows that singer A and singer B attended will be 41 and 18 shows respectively.

How to illustrate the information?

Based on the information, the equation for last year will be:

A = 2B + 5

The number will be illustrated as:

A = B + 23

Therefore, it should be noted that we will equate the expression. This will be:

2B + 5 = B + 23.

Collect like terms

2B - B = 23 - 5

B = 18.

A = 23 + B = 23 + 18 = 41

Therefore, the number of concert shows that singer A and singer B attended will be 41 and 18 shows respectively.

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Last year, Singer A performed two times as many shows during concert tours than Team B. The number of Singer A concert tour shows exceeded the number of shows by Team B by 23. How many concert shows did each perform?

A restaurant chef made 1 1/8 pints of mushroom soup. Each bowl of soup holds 1/8 of a pint. How many bowls of soup will the chef be able to fill?

Write your answer as a fraction or as a whole or mixed number.

Answers

Answer:

9

Step-by-step explanation:

We can determine the number of bowls that can be made by dividing the size of the bowl by the amount of soup. 1 1/8 can be expressed as 8/8 + 1/8, or 9/8. (9/8)/(1/8) = 9. The chef can fill 9 bowls of soup.

Mushroom soup sounds pretty good right now ngl

Calculate the monthly finance charge for the credit card transaction. Assume that it takes 10 days for a payment to be received and recorded and that the month is 30 days long. (Round your answer to the nearest cent.)

Answers

The monthly finance charge for the credit card transaction is $51.70.

We need to calculate the monthly finance charge for the given credit card transaction.

What is a credit card transaction?

Credit card transaction means the purchase of goods or obtaining of services or cash against the use of the Credit Card, the Card number or in any manner authorised by the Cardholder for debit to the Credit Card Account or utilising of any services made available to the Cardholder by the Bank from time to time in respect.

Given that, $3,000 balance, 21% rate, 150 payments, average daily method

The particular month in question is 30 days long.

Your balance at the start of the month is $3,000.

Annual interest rate = 21%.

Payment = $150.00

When the payment is made in the month, it reflects on the tax amount you pay on both the average daily balance.

The average daily balance is $3000 from day 1 until day 10 (10 days)

The average daily balance is $2850 from day 11 until day 30 (20 days)

Average daily balance for the month = 10 × 3000 + 20 × 2850

= 87000 / 30

= $2900

Interest charge for the month = (0.21 × 2900× 30) / 365

The interest charge for the month = $50.05 rounded to the nearest penny

The average daily balance is $3000 from day 1 until day 29 (29 days)

The average daily balance is $2850 from day 30 until day 30 (1 day)

Average daily balance for the month = 3000 × 29 + 1 × 2850

= 89850 / 30

= $2995

Interest charge for the month = (0.21 × 2995 × 30) / 365

=51.6945≈$51.70

Therefore, the monthly finance charge for the credit card transaction is $51.70.

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The Evans family paid $1,800 for a new refrigerator, washer, and dryer. The
refrigerator cost $250 more than the washer. The dryer cost half as much
as the washer. How much did the washer cost?

Answers

The cost of the washer based on the total cost of $1,800 of all three items is $442.86

How do represent the cost of the washer?

If we assume that the cost of the washer is x, based on that we can determine the cost of the refrigerator and the dryer while deriving from the cost of the washer as denoted below:

cost of washer=x

The cost of the refrigerator is $250 more than the cost of washer i.e. x+250

cost of dryer=0.5*x

cost of dryer=0.5x

total cost=x+x+250+0.5x

total cost=3.5x+250

total amount spent=1800

1800=3.5x+250

1800-250=3.5x

1550=3.5x

x=1550/3.5

x=$442.86

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Ken and Sam received their monthly salary.
Ken received four times the amount of money Sam receives plus
$790 bonus because he is the hardworking one and he has
helped his boss signing a profitable deal.
Let K be the amount of money Ken received.
Write the expression that shows the amount of money Sam
received.

Answers

Answer: S = K/4 - 790

Step-by-step explanation:

the problem tells us Ken = Sam times 4 + 790.

So you need to reverse it (or solve for Ken to find Sam).

Ken/4 = Sam + 790

Ken/4-790 = Sam

Which of the following is a factor of 2x4 + 20x3 + 50x2?

2x3
x4
x + 4
x + 5

Answers

D. (x + 5)

 We have to find the factor of this expression which matches to the options.

The shadow of a building is 30m long when the angle of elevation of the sun is 56°. Calculate the:
(a) height of the building
(b) length of shadow when the sun is at an angle of 32°. ​

Answers

Answer:

  (a) height: 44.5 m

  (b) shadow: 71.2 m

Step-by-step explanation:

You want building height and shadow length for angles of elevation 56° and 32°, given the shadow is 30 m when elevation is 56°.

Trig relation

The building height and shadow length are the sides opposite and adjacent (respectively) to the elevation angle in the right triangle that models the geometry. The trig function that relates these sides to the angle is the tangent function:

  Tangent = Opposite/Adjacent

Application

(a) building height

Using the tangent relation, we have ...

  tan(56°) = (height)/(30 m)

  height = (30 m)(tan(56°)) ≈ 44.4768 m

The height of the building is about 44.5 meters.

(b) shadow length

Using the same relation with the building height known, we have ...

  tan(32°) = (44.4768 m)/(shadow)

  shadow = (44.4768 m)/tan(32°) ≈ 71.1778 m

The length of the shadow at an angle of 32° is about 71.2 m.

Elise says, “if you subtract 11 from my number and multiply the difference by -4, the result is -48” What is Elise’s number?

Answers

23

To start divide:

-48/-4 = 12

12 is the difference before the multiplication occurred

Elise says that she subtracted 11 from the number, thus add 11 to 12 to get the original number.

12+11 = 23

umm I'm having difficulty in this question
its a indices question

Answers

Step-by-step explanation:

1. divide 10 with 5

2. using law indices, simplify the rest of the equation

3. you're done!

Answer: 5m³n³

Step-by-step explanation:

[tex]\frac{10m^5n^4}{2m^2n}[/tex] = [tex]\frac{5m^5n^4}{m^2n}[/tex]  

          = [tex]\frac{5m^3n^4}{n}[/tex]
          = 5m³n³

or
[tex]10m^{5} n^{4}[/tex] ÷[tex]2m^{2}n[/tex] = [tex]5m^{5-2} n^{4-1}[/tex]
                       = [tex]5m^{3} n^{3}[/tex]

In a class of 23 learners, the girls were 7 more than the boys. How many boys were in the class​

Answers

Answer:

8 boys.

Step-by-step explanation:

Lets say b is the number of boys and g is the number of girls.

We know that:

23 = b + g

g = b + 7

So then lets solve for b:

23 = b + g

23 = b + ( b + 7)

Simplify.

23 = 2b + 7

Subtract 7 from both sides to isolate the b.

16 = 2b

Divide both sides by 2.

8 = b

So there are 8 boys in the class.

We can check our work by substituting the value of b into our equation.

23 = b + ( b + 7)

23 = 8 + ( 8 + 7 )

23 = 8 + 15

23 = 23

So therefore our answer is correct.

what is
x-6=2x-10 in the question

Answers

Answer:

x = 4

Step-by-step explanation:

x - 6 = 2x - 10

-2x     -2x

-x - 6 = -10

    +6    +6

----------------

-x = -4

÷-1   ÷-1

------------

x = 4

I hope this helps!

There are 6 yellow balls and 9 green balls in a bag. If 3 balls are chosen one by one randomly from the bag without replacement, find the probabilities of the following events.
(a) The first ball chosen is yellow and the last two balls chosen are green.
(b) Only the first two balls chosen are of the same colour.

Answers

Answer:

The answer will be A.

MATHHHHHHHHHHHHHHHHHHHHHH

Answers

Answer:

n= -35 .................................

i think N would = -35

Solve the function.
f(x) = x² + 2x - 1

f(-3) = [?]

Answers

Answer:

2

Step-by-step explanation:

f(-3) represents f(x) evaluated at x=3.

[tex]f(-3)=(-3)^2+2(-3)-1 \\ \\ =9-6-1 \\ \\ =2[/tex]

Determine whether the equation below has one solutions, no solutions, or an infinite number of solutions. Afterwards, determine two values of x that support your conclusion.

5(x+2)=5x+10

Answers

An infinite number of solutions, values of x= 0,1

find the measure of EF

Answers

Answer:

EF = 32

Step-by-step explanation:

since the base angles D and F are congruent then the triangle is isosceles with both legs congruent , that is

EF = DE = 32

Answer:

32 units

Step-by-step explanation:

It is an isosceles triangle so two sides will be the same length opposite the equal angles     EF = 32

3 times (2x + 5) - 23 = 10

Answers

Answer:

x=3

Step-by-step explanation:

3 times (2x+5)-23=10 can be rewritten as 3(2x+5)-23=10

6x+15-23=10 ----> Use distributive Property

6x-8=10 ------------> Combine Like Terms

6x=18 -----------------> Use inverse operations; add 8 on both sides; simplify

x=3 ---------------------> Use inverse operations, divide by 3, simplify

Answer:

X=3!

Step-by-step explanation:

1) 6x - 8 = 10

2) + 8 +8

3) 6x = 18

Solution: X=3

Assuming a linear relationship, find the missing value in the table below.

Answers

Answer:

16

Step-by-step explanation:

4n -4 (pattern rule)

4x2 = 8-4 = 4

13. For Tom's birthday, he AND 5 friends went to the aquarium. If Tom uses his mom's credit
card and pays $11 for each ticket, what integer represents the amount of money Tom spent on
his mom's credit card.

A. - $66

B. $55

C. - $55

D. $66

Answers

Answer:

66

Step-by-step explanation:

he will pay 66 dollars

Find the y-coordinate of the midpoint for a line segment with endpoints at A (3 , -22) and B (8 , 4).

Answers

[tex]~~~~~~~~~~~~\textit{middle point of 2 points } \\\\ A(\stackrel{x_1}{3}~,~\stackrel{y_1}{-22})\qquad B(\stackrel{x_2}{8}~,~\stackrel{y_2}{4}) \qquad \left(\cfrac{ x_2 + x_1}{2}~~~ ,~~~ \cfrac{ y_2 + y_1}{2} \right) \\\\\\ \left(\cfrac{ 8 +3}{2}~~~ ,~~~ \cfrac{ 4 -22}{2} \right) \implies \left(\cfrac{ 11 }{2}~~~ ,~~~ \cfrac{ -18 }{2} \right) \implies (5.5~~,~~\stackrel{\stackrel{y}{\downarrow }}{-9})[/tex]

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