Michael invests usd 20000 at 9. 6% p. A. Compounded monthly. How long will it take for his investment to reach usd 25000?.

Answers

Answer 1

It will take 2.32 years for Michael to reach USD 25000.

The interest one earns on interest is known as compound interest. In other words, the process of adding interest to a loan's or deposit's principal is known as compound interest.

The formula for compound interest calculation is given as,

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

Where,

A is the final amountP is the initial principal balancer is the interestn is the number of times interest is applied per time periodt is the number of time periods

Here, the compound interest (A) is USD 25000, r is 9.6%, n is 12 months (1 year), and P is USD 20000. Using these we have to find t,

[tex]\begin{aligned}20000\left(1+\frac{0.096}{12}\right)^{12t}&=25000\\20000(1.008)^{12t}&=25000\\1.008^{12t}&=1.25\\12t \ln{(1.008)} &=\ln{(1.25)}\\12t\times0.008&=0.223\\t&=\mathrm{2.32\;years}\end{aligned}[/tex]

Therefore, the answer is 2.32 years.

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Related Questions

Enter the ratio of students who chose
alternative to the total number of students.

Answers

Answer:

1 : 4

Step-by-step explanation:

the ratio of

alternative : total

= 15 : 60 ( divide each part by 15 )

= 1 : 4

Simplify the complex expression to the standard form (a+bi). 2(8-8i)-9(8+4i)

Answers

The simplified expression for the complex expression is -56-52i

What is a complex expression?

A complex expression is an expression of the form a+ ib where a , b are constant and i is the imaginary number known as iota. In a + ib a is the real part and b is the imaginary part.

We are given two complex number as (8-8i) and (8+4i)

We have to simplify the given expression

As Complex number are added multiplied subtracted same as real number we can simplify the expression easily

2(8-8i)-9(8+4i)

We multiply the constants inside the bracket

16-16i-72-36i

Separating the terms and simplifying them we get

-56-52i

Hence the simplified expression is -56-52i

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the mean monthly electric bill for 43 residents of the local apartment complex is $69. what is the best point estimate for the mean monthly electric bill for all residents of the local apartment complex?

Answers

The best point estimate for the mean monthly electric bill for all residents of the local apartment complex is $69.

It is given that the mean monthly electric bill for 43 residents of the local apartment complex is $69.

That means the sample mean X for 43 residents is $69.

And we know that the sample mean, X is the best point estimate of the population mean, μ.

Therefore the best point estimate for the mean monthly electric bill for all residents of the local apartment complex is $69.

The point estimate for the population mean is the sample mean. Point estimate is the one value that is used to estimate the population parameter. It is also known as the unbiased estimate of the population mean is the sample mean.

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A slice of pizza has 1,200 calories. If 520 calories are from fat, what percentage of calories are fat?

Answers

Answer:

43.33%

Step-by-step explanation:

x : 100 = 520 : 1200

x = (520 * 100)/1200

x = 520/12

x = 43.333333%

austin prepared 20 kilograms of dough after working 4 hours. how much dough did austin prepare if he worked for 5 hours? solve using unit rates.

Answers

Answer:

Answer: 9 hours. If austin prepared 20 kg of dough in 5 hours, this means he can prepare 4kg of dough an hour. This is because 20/5=4.

f a national survey finds candidate A leads candidate B by 5 percent in the upcoming election and the margin of error in the survey is 3 percent, it means that:
candidate A leads candidate B by anywhere between 2 and 8 percentage points.

Answers

If the margin of error for the electoral poll is 3%, then candidate A has an advantage over candidate B of between 2 and 8 points.

Define the term margin of error?

Your results will deviate by how many percentage points from the actual population value, according to your margin of error.

It is considered as a very small percentage that is allowed for error in calculations.

As the question stated-

A candidate would receive more or fewer points than the margin of error, which is the number of points.In this scenario, if one candidate has 5% more voting intentions than the other, it suggests that he is likely 5 points in front.The candidate is leading by three points, more or less, if the margin of error is three percent.This leads us to the conclusion as candidate A is 2 or 8 points ahead of voter intentions.

This suggests that if the margin of error for the electoral survey is 3%, candidate A is leading of candidate B by 2 to 3 percentage points.

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The complete question is-

If a national survey finds candidate A leads candidate B by 5 percent in the upcoming election and the margin of error in the survey is 3 percent, it means that-

candidate A leads candidate B by exactly 5 percentage points. candidate A leads candidate B by anywhere between 2 and 8 percentage points. candidate A leads candidate B by exactly 3 percentage points.

registrants at a large convention are offered 6 sightseeing tours on each of 3 days. in how many ways can a person arrange to go on a sightseeing tour planned by this convention?

Answers

The registrants would be able to see the 6 sightseeing tours in 18 ways.

Here it is given that the convention has organized the 6 sightseeing tours on 3 days each.

This implies that the 6 sightseeing tours are available on all three days.

Hence, the registrants would be able to book the tour on any of the one days.

Hence, on day 1

the registrants will be able to tour in  ways

On day 2

the registrants would again be able to tour in 6 ways,

Similarly on day 3, they will again be able to tour in 6 ways.

Since they need to choose either of the days given, the total number of ways to tour will be

no.of ways for day 1  +  no. of ways for day 2  +  no. of d6ays for day 3

= 6  +  6  +  6

= 18 ways

Hence, they can go on a sightseeing tour in 18 ways.

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The median house price in Dallas, Texas is $405,000. Property tax is 3%. How much does a homeowner pay in property tax?

Answers

Answer:

Step-by-step explanation:

I believe the tax would be $ 12,150

calculate the amount of goodwill that would be recorded by brave for this acquisition. (be careful to count your zeros in your answer since this is a big number!)

Answers

Purchase consideration less fair value of net assets is goodwill (Purchase Consideration-Fair Value of Net Assets) $690,000,000

What does "goodwill" mean?

Goodwill cannot be purchased or sold on its own; rather, it is a premium over fair value that is paid during a transaction. Other intangible assets include things like licenses or patents that are independent purchases or sales. While most intangibles have a set useful life, goodwill has an unlimited lifespan.

Estimating goodwill

The extra payment made as purchase consideration over the acquiree's net assets' fair market value is referred to as goodwill.

The calculation looks like this:

(Millions of Dollars)

Cost of the purchase: $ 900,000,000

Fair value of net assets is less.

True Cost of the Assets

$15,000,000 in supplies

$200,000,000 in intangible assets

$20,000,000 for property, plant, and equipment

Total $235,000,000

True Cost of Liabilities

$5,000,000 in current liabilities

$20,000,000 in Notes Payable

Total $25,000,000

Goodwill (Purchase Consideration-Fair Value of Net Assets) (Purchase Consideration-Fair Value of Net Assets) $690,000,000

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Please help. 10 points.

Answers

The new circle be made with double radius of the given circle.

Also,  the circumference of the new circle is double of the given circle and the Area of the new circle is Four times of the given circle.

Given, a circle

If the radius of the given circle is 'r'

then, the radius of the new circle '2r'

Now, the Circumference of the new circle be,

C' = 2π(2r)

As, the Circumference of the given circle be,

C = 2πr

On dividing, we get

C'/C = 2

C' = 2C

So, the circumference of the new circle is double of the given circle.

Now, the Area of the new circle be,

A' = π(2r)²

As, the Area of the given circle be,

A = πr²

On dividing, we get

A'/A = 4

A' = 4A

So, the Area of the new circle is Four times of the given circle.

Hence, the new circle be made with double radius of the given circle.

Also,  the circumference of the new circle is double of the given circle and the Area of the new circle is Four times of the given circle.

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What is the image of (-1,-1) after a dilation by a scale factor of 5 centered at the origin

Answers

Answer:

If the plot point was dilated by a scale factor, it would be multiplying the scale factor with each X and Y. Therefore it would be (-5,-5)

The image of (-1, -1) after the dilation by a scale factor of 5 centered at the origin is (-5, -5).

To find the image of (-1, -1) after a dilation by a scale factor of 5 centered at the origin, we can apply the formula for dilation in the coordinate plane.

The formula for dilation with a scale factor of k centered at the origin is (k * x, k * y), where (x, y) is the original point.

In this case, the original point is (-1, -1), and the scale factor is 5. Applying the dilation formula, we have:

Image = (5 * (-1), 5 * (-1))

= (-5, -5)

This means that the point (-1, -1) is dilated by a factor of 5, and its position is shifted five times farther from the origin in both the x and y directions.

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Derek Jeter, the short stop for the New York Yankees, a major league baseball team, played in 159 games in 2012 and hit 15 home runs. If he plays a total of 1272 games in his career, approximately how many home runs will he hit?
[A] Write a proportion that is defined by this situation.
[B] Explain how the cross product is used to solve the problem.
[C] Answer the question.

Answers

a. The the proportion that would be used is: 159/15 = 1272/x

b. See explanation for the cross product below.

c. Approximately 120 home runs will be hit.

What is a Proportion?

A proportion can be defined as an equation that involves comparing two equal ratios that are equivalent to each other or set equal to each other.

a. To write a proportion that defines the situation described above, let x represent the number of runs he will hit in his career.

Therefore, we would have the following proportion:

159:15 = 1272:x

or

159/15 = 1272/x

b. Using the cross product, we can find the value of x as shown below:

159 × x = 1272 × 15

159x = 19,080

Divide both sides by 159

159x//159 = 19,080/159

x = 120

c. The number of runs he will hit in his career is: 120.

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In a farm composed of cows and chickens, there are total of 13 heads and 42 feet. How many cows are there?.

Answers

In a farm composed of cows and chickens, there are total of 13 heads and 42 feet.

Let 'h’ represent the number of hens the farmer has.

Let 'c’ represent the number of cows the farmer has.

Assume that all hens have two legs and all cows have four.

There are a total of 42 legs. So

2h + 4c = 42 (1)

There are 13 animals in total.

h + c = 13 (2)

Now that we have our system of equations, we can solve by either substitution or elimination.

Elimination

(2) x 2

2h + 2c = 26 (3)

(2)—(3)

2c = 6

c=3

From (2):

c + h = 13

3+h = 13

h= 10

Therefore, the farmer has 3 cows and 10 hens.

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If qr = 20 in., rs = 7 in., and sq = 24 in., what is pn? 3 in. 7 in. 20 in. 24 in.

Answers

The value of PN is 20 in.

What are congruent triangles?

Congruent triangles are triangles in which all the sides and all the angles are congruent.

These triangles can appear identical when moved, rotated, flipped, and turned. They coincide if moved in a different direction.

In the diagram, two congruent triangles are given ΔPMN ≅ ΔQSR.

So by CPCTC (corresponding parts of congruent triangles are congruent)

In ΔPMN and ΔQSR

PN=QR=20 in.

PM=SQ=24 in.

MN=RS= 7 in.

If two triangles are said to be congruent then all corresponding parts must be equal.

So, the value of PN is 20 in.

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Answer:

C. 20 in

Step-by-step explanation:

The points given in the table lie on a line. Find the slope of the line.



x –1 2 5 8
y 3 –1 –5 –9

Answers

Answer:

Slope = -4/3 or -1.33 in decimal form

Step-by-step explanation:

To find the slope divide the rise by the run. The rise would be the difference between the 2 y points (y2-y1) divided by the run (x2-1x)

Here the rise is (-9-3 = -12) and the run is (8-(-1) = 9) So -12/9 is -4/3 in fraction form and -1.33 in decimal form.

Substitution
3x + 5y = 5
Y = -x -2
Find ( x , y )

Answers

As per the substitution method, the value of (x , y) is (-15/2, 11/2)

Substitution method:

Substitution method is the process of solve one equation for one of the variables. And substitute (plug-in) this expression into the other equation and solve. Then resubstitute the value into the original equation to find the corresponding variable.

Given,

Here we have the following expression.

3x + 5y = 5

Y = -x -2

Now, we need to find the value of x and y.

According to the substitution method, let us consider

3x + 5y = 5 -------------------(1)

Y = -x -2 ---------------------(2)

Now, we have to apply the value of y as -x - 2 in equation (1), then we get,

=> 3x + 5(-x - 2) = 5

When we expand it then we get,

=> 3x - 5x - 10 = 5

Simplify the expression,

=> -2x - 10 = 5

=> -2x = 5 + 10

=> -2x = 15

Then the value of x is,

=> x = -15/2

If the value of x is -15/2. then the value of y is calculated by using the equation (2),

=> y = -(-15/2) - 2

=> y = 15/2 - 2

=> y = (15 - 4)/2

=> y = 11/2

Therefore, the value of (x, y) is (-15/2, 11/2).

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A piece of notebook paper measures 8 1/2 inches by 11 inches. Which of the following metric approximations is the same?

2 m x 2.8 m
3 cm x 4 cm
22 cm x 28 cm
30 m x 40 m

Answers

Calculate the both, write your answers on a paper and see which ones are the same

What score is a 12 out of 30?.

Answers

Answer:
40%

Explanation:
Take your score (12) and divide it by the number of points possible (30).
12/30=0.4

Convert to a percentage by moving the decimal place two places to the right.

Write an equation of a line
that passes through the
point (-5, 1) and is
perpendicular to y = -x - 3
A) y = x + 6
B) y = -x - 5
C) y = -x-4
D) y = x + 4
E) y = x - 6

Answers

From perpendicular line, we have m1

Knowing m1 * m2 = -1 for perpendicular lines gives us

-1 *m2 = -1

m2 = 1

Using y-b = m(x-a) with the point provided gives

y-1 = 1(x--5)

y = x+6

Therefore (A) is the correct answer


Answer is great I will tell you right now it is-

I inserted a picture so it can be more clear. This is for Algebra 2, Unit 2

Answers

The inverse function of f(x) = 3x-4 when x = -1 will be 1.

According to the question,

We have the following function:

f(x) = 3x-4

Now, to find its inverse we will convert this function into a linear equation:

y = 3x-4

Now, we will change variable from x to y and y to x:

x = 3y-4

Now, we have to find the value of y, which will be the inverse of the given function:

Moving 4 from the right hand side to the left hand side will result in the change of signs:

x+4 = 3y

3y = x+4

Dividing by 3 on both the sides:

y = (x+4)/3

Now, we have:

[tex]f^{-1} (x)[/tex] = (x+4)/3

Putting the value of x = -1:

(-1+4)/3

3/3

1

Hence, the inverse function of f(x) = 3x-4 when x = -1 will be 1.

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The volume V of a sphere varies in direct proportion to the cube of its radius .

What change in volume reduces the radius by 10% ?

Answers

There will be no change in volume reducing the radius by 10%.


What is Direct Proportion?
The relationship between two values where their ratio equals a constant number is known as a direct proportion or direct variation. Since the other variable is reversed in this case, the inversely proportional relationship is really represented by the same symbol.

For instance, if x and y are two quantities or variables that are intimately linked to one another, we can say x y. The ratio of x and y becomes equal to a constant when the proportionality sign is removed, for example, x/y = C, where C is a constant. In contrast, x and y are represented as x 1/y or xy = C in the case of inverse proportion.
Let the radius be r then
The volume of every sphere is,
[tex]\mathrm{V}=4 \pi \frac{\mathrm{r}^3}{3}[/tex]
In the given question, It is given:
The volume V of a sphere varies in direct proportion to the cube of its radius.

That means:[tex]\mathrm{V}[/tex] ∝ [tex]r^{3}[/tex]
That means:[tex]4 \pi \frac{\mathrm{r}^3}{3} = kr^{3}[/tex]⇒[tex]4 \pi \frac{\mathrm{1}}{3} = k[/tex]
So, The equation is independent of radius.
Hence, There will be no change in volume reducing the radius by 10%.

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Carrie works as a library assistant in Orpington Library. She earns $9. 75 per hour. How much will
she get paid, if she puts in 40 hours of work in a week?(Tutors please explain how You do your division,multiplication,etc)

Answers

Carrie will be paid $390 if she puts in 40 hours of work in a week.

The total amount of time of work = 40 hours.

As we are stated that the earnings for 1 hour is $9.75, so, we will perform multiplication to find the earnings for the time she worked. We are performing multiplication because the amount will increase as the number of hours increases.

Performing calculation now.

Amount earned in a week = 9.75 × 40

Performing multiplication on Right Hand Side of the equation to find the amount earned in a week

Amount earned in a week = $390

Thus, the amount paid to Carrie in a week is $390.

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Which system of linear equations has no solution?


Which system of linear equations has no solution?


A. 2x+3y=6
−2x−3y=−6

B. 2x+3y=6
4x+6= 8
C. 2x+3y=6
3x−2y=−6
Which system of linear equations has no solution?




D. 2x+3y=6
10x+15y=30

Answers

Answer:

Below

Step-by-step explanation:

A   Both are the same line

****   B  If that is 4x + 6 y = 8    the lines are parallel ===> no solution***

C   Intersecting lines

D   same line

Alizay sold 15 shirts priced equally for Rs.2800. She spent Rs. 14,000 of her earned amount on shopping and Rs. 7500 on buying grocery. How much is she left with?

Answers

The amount of money left with Alizay after shopping is Rs 17700 .

Alizay sold shirts for Rs. 2800.

She sold 14 shirts.

Cost earned from selling 14 shirts = 14 × 2800 = Rs. 39200

Spent on shopping =Rs. 14000

Spent on Grocery = Rs. 7500

Total amount spent = Rs.(14000+7500) = Rs. 21500

Amount of money left = Rs 39200 - Rs 21500 = Rs 17700

Therefore she is left with Rs 17700 .

In the case of a single variable, there is only one viable response. This particular case, in which the variable is accurately referred to as the "unknown," is one to which the term linear equation sometimes relates implicitly.

The Cartesian coordinates of a point on the Euclidean plane can be used to understand each solution in the scenario with two variables. A linear equation's solutions define a line in the Euclidean plane, and each line is the collection of all solutions to a linear equation with two variables.

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what is the smallest possible perimeter, in units, of a triangle whose side-length measures are consecutive integer values?

Answers

If a triangle whose sides length measures are consecutive integers, then the smallest possible perimeter is 9 units

If a, b and c are the sides of the triangle

Then it will be

a + b > c

b + c > a

c + a > b

Given that the side length of the measures are consecutive integer

Smallest consecutive integer is 1, 2 and 3

But

1 +2 > 3

3 = 3

Therefore it will not be the sides of the triangle

Next smallest consecutive integers are 2, 3 and 4

Then,

2+3 > 4

5 > 4

3+4 > 2

7 > 2

2+4 > 3

6 > 3

This will be the sides of the triangle

The perimeter of the triangle is the sum of sides of the triangle

The perimeter = 2 + 3 + 4

= 9 units

Hence, if a triangle whose sides length measures are consecutive integers, then the smallest possible perimeter is 9 units

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-2( y-4 ) + 8y + 2 < 16

Answers

Answer:   y<1

Step-by-step explanation:

a car travels 120120 miles from aa to bb at 3030 miles per hour but returns the same distance at 4040 miles per hour. the average speed for the round trip is closest to:

Answers

The Average Speed of car for the round trip is 346.28 km/ hr.

Average Speed is calculated by dividing the total distance that something has travelled by the total amount of time it took it to travel that distance.

If a  car travels a distance d at rate r₁ and return the same distance at rate r₂, then,

Average Speed =  total distance ÷ total time

                          = 2d ÷ d/r₁ + d/r₂

                          = 2d ÷ r₂d + r₁d / r₁r₂

                          = 2r₁r₂ / r₁ +r₂

∴ x = 2× 3030×4040/ 3030 +4040

     = 2448240 ÷ 707

     = 346.28 km/hr

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Which shows the following expression after the negative exponents have been eliminated? startfraction a cubed b superscript negative 2 baseline over a b superscript negative 4 baseline endfraction, a not-equals 0, b not-equals 0 startfraction a cubed b superscript negative 4 baseline over a b superscript negative 2 baseline endfraction startfraction a b superscript 4 baseline over a cubed b squared endfraction negative startfraction a cubed b superscript 4 baseline over a b squared endfraction startfraction a cubed b superscript 4 baseline a b squared endfraction.

Answers

Which shows the following expression after the negative exponents have been eliminated

[tex]a^{2} b^{2}[/tex]

Given the algebraic expression:

[tex]\frac{a^{3}b^{-2} }{ab^{-4} }, a\neq 0, b\neq 0[/tex]

We are required to eliminate the negative exponents and find the resulting expression.

Using the Negative Exponent Law of Indices: [tex]x^{-y} = \frac{1}{x^{y} }[/tex]

Using the Division Law of Indices: [tex]\frac{t^{x} }{t^{y} } = t^{x-y}[/tex]

Therefore:

[tex]\frac{a^{3}b^{-2} }{ab^{-4} } = a^{3-1}.b^{-2-(-4)}\\ \\ Simplifying\\ \\a^{3-1}.b^{-2-(-4)} = a^{2}b^{-2+4}\\ \\ =a^{2} b^{2}\\\\Therefore:\\\\\frac{a^{3}b^{-2} }{ab^{-4} } =a^{2} b^{2}\\[/tex]

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AB has endpoints A (2, 3) and B(5,-2). Determine the endpoints of the image of AB after a reflection in the line y = z.

Answers

The endpoints of the image of AB after a reflection in the line y = z are A'(2, -3) and B'(5, 2).

What is endpoints of the graph?

On a graph, an endpoint is the place where a figure comes to an end. A genuine line has no terminal because it goes on indefinitely in both directions. A ray is a figure that resembles a line and only extends in one direction infinitum. It is one type of line. The endpoint of a ray is on the side that is not extending.

(x, y) → (x, -y), x-coordinate stays as is and y-coordinate changes its sign to opposite.

We have given points:

A(2, 3) and B(5,-2).

The image of AB will have coordinates:

A'(2, -3) and B'(5, 2)

The endpoints of the image of AB after a reflection in the line y = z are A'(2, -3) and B'(5, 2).

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Find the surface area of the prism.

Answers

Answer:

312 m^2

Step-by-step explanation:

Start by separating the shapes.

you will get:

2 triangles with the dimensions 6m x 8m

1 rectangle with the dimensions: 9m x 8m

1 rectangle with the dimensions: 6m x 9m

1 rectangle with the dimensions: 10m x 9m

1) find the area of every shape

2 triangles with the dimensions 6m x 8m -----> 48m^2 and 48 m^2

1 rectangle with the dimensions: 9m x 8m ----> 72m^2

1 rectangle with the dimensions: 6m x 9m ----> 54 m^2

1 rectangle with the dimensions: 10m x 9m ---> 90m^2

2) add everything up

48m^2 + 48 m^2 + 72m^2 + 54 m^2 + 90m^2 =

312m^2

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