Jack has a saving account of value $65,550 at the start. The saving account has an interest rate of 3% that is compounded every six months. How long will it take Jack to have $100,000 in his account?

Answers

Answer 1

Given:

Principal value = $65,550

Rate of interest = 3% compounded every six month

To find:

The taken to have $100,000 in Jack's account.

Solution:

The formula for amount is

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

where, P is principal, r is rate of interest, n is number of times interest compounded in an year, t is time in number of years.

Interest compounded every six month. It means, interest compounded 2 times in an year.

Substitute A=100000, r=0.03 and n=2 in the above formula.

[tex]100000=65550(1+\dfrac{0.03}{2})^{2t}[/tex]

[tex]\dfrac{100000}{65550}=(1+0.015)^{2t}[/tex]

[tex]1.525553=(1.015)^{2t}[/tex]

Taking log on both sides.

[tex]\log (1.525553)=\log (1.015)^{2t}[/tex]

[tex]\log (1.525553)=2t\log (1.015)[/tex]

[tex]\dfrac{\log (1.525553)}{2\log (1.015)}=t[/tex]

[tex]t=14.1838928[/tex]

[tex]t\approx 14.18[/tex]

Therefore, after 14.18 year the amount will reach at $100,000 or we can say that in 15th year the amount will reach at $100,000.


Related Questions

I need help with this please

Answers

Answer: In math, especially when learning algebra and geometry, you are more likely to a lot of deductive reasoning. That is the process of using theorems, properties of numbers and other recognized rules and procedures to solve equations, to prove geometrical constructions, congruence of angles, etc. Deductive reasoning is the foundation of most of that kind of math, so it is more important when learning and applying the principles and theorems.

Inductive reasoning involves taking specific observations and known facts and using them to make predictions and generalizations. You are more likely to use inductive reasoning when working with statistics and probability.

So both are important at some point, but it may be more important to learn deductive reasoning at first.

Use the information mZ1 = (3x + 30), m42 = (5x – 10°, and x = 20, and the theorems you have learned to
show that 1 || m.

Answers

Answer:

Step-by-step explanation:

First you have to do 2 + 2=

What is the slope of the line that passes through 9,5 and 4,5

Answers

Answer:

0

Step-by-step explanation:

slope m = (y₂ - y₁) / (x₂ - x₁)

             = (5 - 5) / (4 - 9)

             = 0 / -5

             = 0

Answer:

(5,0

Step-by-step explanation:

What is 19,067 divided by 43

Answers

Answer:

443.418604651

Step-by-step explanation:

Thank you for the points!

bruh i can't and I need help​

Answers

I think the answer is d if it followed the sequence or should be -1 but that’s not an option so my best guess is d hope this helps

you bough shoes for $60. they were on sale for 40% off their original price. a. write a proportion to solve for the original price of the shoes

Answers

Answer:

$100

Step-by-step explanation:

The proportion would be [tex]\frac{60}{x} =\frac{60}{100}[/tex]. This is because you are paying for 60% of the original price and 60% is equal to [tex]\frac{60}{100}[/tex].

Mrs.Thomas looks at the advertisements from the Sunday paper.
Store 1: 30% off
store 2 : Save 2/5
store3: One-third off
Store 4: 40% off
which stores have the equivalent savings​

Answers

Answer:

store 2 and 4

Step-by-step explanation:

2/5= 40%

Answer:

Store 2 and 4

Step-by-step explanation:

When looking at store 2 and store 4, we're given a fraction and a decimal.

Looking at the fraction [tex]\frac{2}{5}[/tex]- to convert this to a percent, you just multiply it by 100.

2 divided by 5 is 0.4. 0.4 times 100 is 40%.

40% = 40%, so store 2 and store 4 are the same.

Select the more effective use of correlative conjunctions to join these sentences.

The manager of the supermarket will help the new employee. The assistant manager may help the employee, too.

A. Neither the manager of the supermarket nor the assistant manager may help the new employee.

B. Both the manager of the supermarket and the assistant manager may help the new employee.


hurry .

Answers

Answer:

b the answer

Step-by-step explanation:

Answer:

Answer is B

Step-by-step explanation:

James deposited $575 into a bank account that earned 5.5% simple interest each year. No money was deposited into or withdrawn from the account. How much money was in the account after ​ ​ 2 1/2 ​ ​ years? Round your answer to the nearest cent.

Answers

Answer:

$654.06

Step-by-step explanation:

ジオメトリヘルプミープリーズは、速くて正しい場合に最も頭が良くなります

関係のドメインは? 1)関係の出力(y)値2)関係の入力(x)値3)入力値をペアにするポイントのセット…

f(x)= 16 – x ^ 2、g(x)= 4 –xとします。 (fg)(x)とその定義域を見つけます。

助けてくださいお願いします

助けてください

Answer: the answer would be 79.06

Step-by-step explanation:

8. Robert has $50 000 in the bank. Belinda has $5 000. Compare how much money they
have using (a) subtraction and (b) division. Write your answers as sentences.

Answers

So first we will compare subtraction

So you minus fifty thousand by five thousand which would give us forty five thousand. The difference is by five thousand.

And division would be fifty thousand divided by five thousand which would give us ten.

Ned took a test with 20 questions. He lost 5 points for each of the 8 questions he got wrong and earned an additional 11 points for answering a bonus question correctly. How many points did Ned receive or lose overall?

Answers

Answer:

He lost 29 points

Step-by-step explanation:

He lost 29 points. He lost 5 points for each of the 8 questions so -5 x 8 = -40 points, then add 11 = -29

Answer:

He would end up with 71 points

Step-by-step explanation:

You start with 100 hundred points then you have to multiply 8 times 5 which you get 40 so then you have to  subtract 100 -40 to get 60 then you add the extra 11 points andyou get 71 points

An oil well produces 159 gallons of oil every day. A standard oil barrel holds 42
gallons of oil. About how many barrels of oil will the well produce in one day? Estimate.

Answers

Answer:

there are 2 full barrels and one that is almost full so intotal there are 3 barrels.

Step-by-step explanation:

Is 2/15 and 3/30 proportional

Answers

Answer:

No

Step-by-step explanation:

To turn 15 into 30, you multiple 15*2=30.

If you do that to the bottom of the fraction, you should be able to do it to the top however, 2*2=4 not 3 so they are not proportional.

Find the quotient. 3,482 ÷ 9 = *

Answers

Answer:

386.8

Step-by-step explanation:

pretty sure thats it

Answer:

386.8888 .. ...

Step-by-step explanation:

3482/9


y = -4x – 5
y = 3.x – 2
Is (3, 7) a solution of the system?

Answers

Answer:

no

Step-by-step explanation:

this is because

-12-5=-17

-28-2= -30

1. (01.02)
Given that f(x) = 6x + 2 and g(x)
2x + 4/5
solve for g(f(1)). (5 points)
1
3
4
8

Answers

Answer:4

Step-by-step explanation:

f(1)=6(1)+2

=8

g(f(1))=2(8)+4/5

=20/5

=4

Complete the equation that represents the total value of the nickels and p pennies

Answers

Answer:

Answers below

Step-by-step explanation:

Equation

Let's call:

p = number of pennies Janesa has in her pocket

n = number of nickels Janesa has in her pocket

She has 24 coins in total, thus:

[tex]p + n=24\qquad\qquad [1][/tex]

Since each penny is worth $0.01 and each nickel is worth $0.05, and Janesa has $1 in total:

[tex]0.01p+0.05n=1[/tex]

Multiplying by 100:

[tex]p+5n=100\qquad\qquad [2][/tex]

A. Completing the equation:

[tex]5n+p=100[/tex]

B.

From [1]:

[tex]p=24-n[/tex]

Substituting into [2]:

[tex]24-n+5n=100[/tex]

Simplifying:

[tex]24+4n=100[/tex]

Rearranging:

[tex]4n=100-24=76[/tex]

[tex]n=76 / 4= 19[/tex]

[tex]p=24-19=5[/tex]

B. There are 5 pennies in Janesa's pocket

C. Since each penny is worth $0.01, the total value of pennies is 5*$0.01=$0.05

The total value of the pennies is $0.05

D. The total value of the nickels is 19*$0.05 = $0.95

E. Jackson should say she has 19 nickels and 5 pennies

janesa has 24 coins in her pocket worth exactly $1.00. she tells her younger brother jackson that he can have the coins if he correctly guesses how many of each coin she has. she gives him the hint that there are only nickels and pennies. complete the equation that represents the total value of the nickels and p pennies 5( blank ) + p = 100 The type of coins that Janessa has = nickels and pennies.

Janessa has a total number of 24 coins

The sum of the nickels and pennies = $1.00

Let us represent the number of nickels as x

The number of pennies as y

Which linear function is represented by the graph?
O f(x) = -2x + 1
O f(x) = -1/2x + 1
O f(x) = 1/2x + 1
O f(x) = 2x + 1​

Answers

Answer:

The answer is B

Step-by-step explanation:

can you plz give me more of an anser

Answers

Answer:

peepeepoopoo check

Step-by-step explanation:

Chris is saving money for his ski trip. He has $62.50,
but his goal is to save at least $200. What is the least
amount Chris needs to save to reach his goal?
a. type the inequality that represents the situation below.
b. solve the inequality to the right.

Answers

Cris needs to save 137,50 to reach his goal

Find the present value of an annuity due that pays $4000 at the beginning of each quarter for the next 7 years. Assume that money is worth 6.2%, compounded quarterly. If $90,000 is invested in an annuity that earns 5.4%, compounded quarterly, what payments will it provide at the end of each quarter for the next 7 1/2 years?

Answers

Answer:

Step-by-step explanation:

From the first question:

We are to find PV of the annuity.

Using the formula:

Present value of Annuity  = Annuity Amount × Present Value Annuity Factor i.e. PVAF (n , r)

Where , Annuity Amount = $4,000            

n = No. of periods = 7 years × 4 quarters per year = 28 periods but since the first payment is at beginning of the quarter, Then, n = 27 when considered for PVAF

r  = 6.2% / 4 quarters = 1.55%,

PVAF(n0,r) when first payment is at beginning of n i.e. n0 = 1 + { [1-(1+r)^ -n0 ]/r }

= 1 + { [1-(1+0.0155)^ {-27}]/0.0155 }

= 1 + [ (1 - 0.66015 ) ] / 0.0155]

= 1 + 21.926

= 22.926

PVAF(28,1.55%) = 22.926

Thus , Present Value of Annuity = $4,000 × 22.926  = $91704.00

2. Present value of Annuity due = Annuity Amount × Present Value Annuity Factor i.e. PVAF (n , r)

Present Value of Annuity  = $90,000

n = No. of periods = 7.5 years × 4 quarters per year = 30 periods

r  = 5.4% / 4 quarters = 1.35%,

PVAF(n,r) = [1-(1+r)^-n]/r

PVAF(n,r) = [1-(1+0.0135)^ -30]/0.0135

PVAF(30,1.35%) = (1 - 0.6688)/0.0135

PVAF(30,1.35%) = 0.3312/0.0135

PVAF(30,1.35%) = 24.53

Hence ;

$90,000 = Annuity Amount × 24.53

Annuity amount = $90,000/24.53 = $3,668.48

help, i will do brainliest!!!
a)
Four gallons of water weigh 33.4 lb
How much do 7.5 gallons of water weigh?
b)
Four gallons of water weigh 33.4 lb
Find the constant of variation.

Answers

Answer:

a) 62.625 lb

b) 8.35

Step-by-step explanation:

a)

Use a proportion.

4 gal is to 33.4 lb as 7.5 gal is to x lb.

4/33.4 = 7.5/x

4x = 33.4 * 7.5

4x = 250.5

x = 62.625

Answer: 62.625 lb

b)

33.4/4 = 8.35

1) Cost of 7.5 gallons of water = 62.63 lb

2) The constant of variation = 8.35 lb

We have to given that,

1) Cost of 4 gallons = 33.4 lb

2) And, Cost of 4 gallon of water = 33.4 lb

Hence, We can simplify it as,

1) Since, Cost of 4 gallons = 33.4 lb

Hence, Cost of 7.5 gallons = 7.5 × 33.4 / 4 lb

                                         = 62.63 lb

2) Since, Cost of 4 gallon of water = 33.4 lb

Hence,  the constant of variation = 33.4 / 4

                                                   = 8.35

Learn more about the divide visit:

https://brainly.com/question/28119824

#SPJ6

Find an autonomous differential equation with all of the following properties:
equilibrium solutions at y=0 and y=3,
y' > 0 for 0 y' < 0 for -inf < y < 0 and 3 < y < inf
dy/dx =

Answers

Answer:

dy/dt = y ( 3 - y )

Step-by-step explanation:

Given data:

Determine an autonomous differential equation with the following properties

y = 0 and Y = 3

y' > 0 for  0 < y < 3

y' < 0 for  -∞ < y < 0  and  3 < y < ∞

considering an autonomous differential equation

dy/dt = y ( 3 - y )

y = 0 and 3 represents equilibrium solutions

if 0 < y < 3  then y ( 3 - y ) > 0  for   0 < y < 3

hence : dy / dt = y' > 0  for 0 < y < 3

y ( 3 - y ) <  0  for -∞ < y < 0 and  3 < y < ∞

hence : dy / dt = y' < 0  for  -∞ < y < 0  and  3 < y < ∞

this shows that the autonomous differential equation satisfies every condition hence the autonomous differential equation is :

dy/dt = y ( 3 - y )

Select all angles of symmetry.

Answers

Answer:

B,C,F

Step-by-step explanation:

If 2.2x10^6 - 4.3x10^5 what does this equal

Answers

Answer:

If the decimal is being moved to the left, the exponent will be positive. 1.77×10 ...

Step-by-step explanation:

Answer:

The answer is 1,770,000

Step-by-step explanation:

[tex]2.2 \times 10 {}^{6 } - 4.3 \times 10 {}^{5} [/tex]

1. Orders of Operation. Exponents come first before multiplication. So do the exponents first.

2.2×1,000,000-4.3×100,000

2. Order of Operation. Mutilpication comes before subtraction.

2,200,000-430,000

3. Subtract

1,770,000

Verify that the function satisfies the three hypotheses of Rolle's Theorem on the given interval. Then find all numbers c that satisfy the conclusion of Rolle's Theorem. (Enter your answers as a comma-separated list.)f(x) = 3 â 48x + 4x2, [5, 7]

Answers

Answer:

Step-by-step explanation:

The given equation is:

f(x) = 3 - 48x + 4x²      [5,7]

where; f(x) is continous and derivable in [5,7]

f'(x) = -48x + 8x

f(5) = 3 - 48(5) + 4(5)² = -137

f(7) = 3 - 48(7) + 4(7)² = -137

Thus, it satisfies the hypotheses of Rolle's Theorem

f'(x) = f'(c) = 0

-48 + 8c = 0

c =48/8

c = 6

Score: 0 of 1 pt
4 of 40 com-
3.1.11
The line graph to the right shows the number of students per teacher in public elementary and
secondary schools for the years 1998 through 2006,
Approximate the number of students per teacher in 1999,

Answers

Answer:

~ 17.4

Step-by-step explanation:

The number of students per teacher in 1999 is approximately 17.4  

Max pays a flat rate of $85 for his cell phone. He is also charged $0.15 for every text that he sends. His cell phone bill can be no more than the amount he has budgeted for it each month. If x represents the number of texts and y represents his budgeted amount, which inequality represents Max's cell phone budget each month? (3 points)
a $0.15x + $85 ≥ y
b $0.15x + $85 ≤ y
c $0.15x - $85 ≥ y
d $0.15x - $85 ≤ y​

Answers

answer : b, .15x + 85 ≤ y

The graph of f (x) = −x3 + 3x2 − 2 is
shown in the figure to the right.
Complete the table below by using
the second derivative of f to identify
the intervals on which f us concave
upward or concave downward and
to identify the inflection points of f.

Answers

Answer:

Concave Up: (-∞, 1)

Concave Down: (1, ∞)

General Formulas and Concepts:

Pre-Algebra

Order of Operations: BPEMDASEquality Properties

Algebra I

Combining Like Terms

Calculus

Derivative of a Constant is 0.

Basic Power Rule:

f(x) = cxⁿf’(x) = c·nxⁿ⁻¹

Second Derivative Test:

Possible Points of Inflection (P.P.I) - Tells us the possible x-values where the graph f(x) may change concavity. Occurs when f"(x) = 0 or undefinedPoints of Inflection (P.I) - Actual x-values when the graph f(x) changes concavityNumber Line Test - Helps us determine whether a P.P.I is a P.I

Step-by-step explanation:

Step 1: Define

f(x) = -x³ + 3x² - 2

Step 2: Find 2nd Derivative

1st Derivative [Basic Power]:                    f'(x) = -1 · 3x³⁻² + 2 · 3x²⁻¹Simplify:                                                     f'(x) = -3x² + 6x2nd Derivative [Basic Power]:                  f"(x) = -3 · 2x²⁻¹ + 1 · 6x¹⁻¹Simplify:                                                     f"(x) = -6x + 6

Step 3: Find P.P.I

Set f"(x) equal to zero:                    0 = -6x + 6Isolate x term:                                 -6 = -6xIsolate x:                                          1 = xRewrite:                                           P.P.I x = 1

Step 4: Number Line Test

See Attachment.

We plug in the test points into the 2nd Derivative and see if the P.P.I is a P.I.

x = 0

Substitute:                    f"(0) = -6(0) + 6Multiply:                        f"(0) = 0 + 6Add:                              f"(0) = 6

This means that the graph f(x) is concave up before x = 1.

x = 2

Substitute:                    f"(2) = -6(2) + 6Multiply:                        f"(2) = -12 + 6Add:                              f"(2) = -6

This means that the graph f(x) is concave down after x = 1.

Step 5: Identify

Since f"(x) changes concavity from positive to negative at x = 1, then we know that the P.P.I x = 1 is actually a P.I x = 1.

Let's find what actual point on f(x) when the concavity changes.

Substitute in P.I into f(x):                    f(1) = -(1)³ + 3(1)² - 2Evaluate Exponents:                          f(1) = -(1) + 3(1) - 2Multiply:                                              f(1) = -1 + 3 - 2Combine like terms:                          f(1) = 0

So at (1, 0), f(x) changes concavity from concave up to concave down.

Step 6: Define Intervals

We know that before f(x) reaches x = 1, the graph is concave up. We used the 2nd Derivative Test to confirm this.

Concave Up Interval: (-∞, 1)

We also know that after f(x) passes x = 1, the graph is concave down. We used the 2nd Derivative Test to confirm this as well.

Concave Down Interval: (1, ∞)

Try These questions out and I’ll give you brainliest My friends

Answers

Answer:

question 10 is B

Step-by-step explanation:

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