Suppose a principal amount of $7500 was invested at an interest rate of 6%. How long did it take to reach $10650?

Answers

Answer 1

Based on the information how long did it take to reach $10650 is 7years.

Given:

Principal=$7,500

Rate=6%

Amount=$10650

Time=?

Simple Interest(SI)=A-P

=$10650-$7500

=$3150

Time=(100×SI)/(p×r)

T=(100×3150)/(7500×6)

T=315,000/45,000

T=7 years

Inconclusion how long did it take to reach $10650 is 7years.

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Answer 2

The period it took the $7,500 investment to reach a future value of $10,650 at a compounding interest rate of 6% is 6 years.

What is the future value?

The future value refers to the compounded value of present cash flows in the future, using an interest rate.

The future value can be determined using the future value table or formula.

We can also determine the future value using an online finance calculator, which also enables us to determine the period required to get a stated future value.

Data and Calculations:

PV (Present Value) = $7,500

I/Y (Interest per year) = 6%

PMT (Periodic Payment) = $0

FV (Future Value) = $10,650

Results:

N (# of periods) = 6 years

Total Interest = $3,142.17

Thus, the period it took the $7,500 investment to reach a future value of $10,650 at a compounding interest rate of 6% is 6 years.

Learn more about future values and periods at https://brainly.com/question/12890404 and https://brainly.com/question/20392017


Related Questions

A 52-centimeter-long board is cut into 3 pieces. The longest piece is twice as long as the shortest piece. The other piece is 4 cm longer that the shortest piece. How long is each piece?

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Answer:

4c 6th fastest 9.I gghiii

Last year, 46% of business owners gave a holiday gift to their employees. A survey of business owners conducted this year indicated that 35% plan to provide a holiday gift to their employees. Suppose the survey results are based on a sample of 60 business owners. a. How many business owners in the survey plan to provide a holiday gift to their employees this year

Answers

The business owners that would provide a holiday gift to their employees this year is 21.

Percentage are a measure of frequency. It is the fraction of an amount that is usually expressed as a number out of hundred.

In order to determine the business owners that would provide a holiday gift to their employees this year, multiply the percentage of business owners that indicated they plan to give gifts by the total number of people surveyed.

35% x 60

0.35 x 60 = 21 people

To learn more about percentages, please check: https://brainly.com/question/92258

In a right triangle, the measures of the legs are 8 and x + 6,
and the measure of the hypotenuse is x + 8. Find the value of x.

Answers

See the attached image for the steps.

x = 9.

Identities used :-

(a + b)² = a² + 2ab + b²

Theory used :-

Pythagorean theorem (Hypotenuse² = Base² + Altitude²).

______

RainbowSalt2222 ☔

1) Write a system of equations to describe the situation below, solve using any method, and
fill in the blanks.
)) Erin is training for a triathlon and needs to swim a certain distance for today's workout.
If she swims at the rec center pool, she will complete a 239-meter warmup and then swim
laps in a lane that is 32 meters long. If Erin swims at the indoor pool at her gym, she will
complete a 223-meter warmup, plus a main set that consists of 33 meters per lap. If Erin
swims the correct number of laps, she can complete the same distance in either pool. How
many laps will that take? How long will Erin's workout be in total?
Erin swims
meters
laps at either pool, she can complete a total workout of

Answers

this situation can be represented by

y = 33x + 223

y = 32x + 239

I still like substitution, so let’s plug in 33x + 223 into the second equation

33x + 223 = 32x + 239

Move the terms into appropriate sides

33x - 32x = 239 - 223

Combine like terms

x = 16

Then plug in x for any equation

y = 32(16) + 239

y = 751

Erin will have to swim 16 laps for a total of 751 meters

Please help! Only answer if correct.

Answers

After driving x miles, the first plan costs

60 + 0.70x

dollars, while the second plan costs

0.80x

dollars.

The plans cost the same when these prices are equal:

60 + 0.70x = 0.80x

Solve for x :

60 = 0.80x - 0.70x

60 = 0.10x

x = 60/0.10

x = 600

It takes Shawn 4 more hours to stain a deck than Michelle. Together it takes them 4.8 hours to complete the work. How long would it take Shawn to stain the deck by​ himself?

Answers

Answer:

4.4 hours

Step-by-step explanation:

It would take Shawn 4.4 hours, as this would give a time of .4 hours to Michelle, totaling 4.8 hours

What is 162 multiplied by 0.967

Answers

The answer would be 156.654

Answer:

Remove the decimals and multiply normally.

162 x 967

156654

Put back in the decimals. In this case, move the decimal point back three spaces from the end.

156.654

:)

Determine the intercepts of the line.
Do not round your answers.
y +5 = 2(x + 1)
y-intercept:
r-intercept:

Answers

Answer:

x intercept: (3/2, 0), y intercept: (0, -3)

Step-by-step explanation:

Select all ratios equivalent to 5:3.
13:9
9:15
20:12

Answers

Answer:

20:12

brainlest if it helped

Step-by-step explanation:

Answer:

20:12

Step-by-step explanation:

if you multiply 5:3 by 4, they'll end up with 20:12.

2, 10 after a dilation by a scale factor of 1/2 centered at the
origin?

Answers

Answer:

  (1, 5)

Step-by-step explanation:

When the center is the origin, the dilation factor multiplies each coordinate:

  (2, 10) ⇒ (1/2)(2, 10) = (1, 5)

What is 3 4/5÷(−1 1/10)?

Write the answer as a mixed number in simplest form.

Answers

Step 1:(Not really helpful or important) I just follow the rules of BODMAS.B for bracket O for Of D for division M for multiplication A for addition and S small quiz in comment pls
I converted -11/10 to -1 1/10
Then I did 3 4/5 divided by it
Hope I help pls answer the quizzzz

In February Lana got a puppy that weighed 13 kilograms. By October the puppy weighed 16.9 kilogram. What was the puppy’s weight increase?.

Answers

16.9 minus 13 equals to 3.9 increase

Answer:

3.9

Step-by-step explanation:

16.9 take away 13 and you get 3.9 kilograms

Ms. McCullough bought a bunch of bananas. If she ate 2/8
the bananas and Mrs. Byrd ate 1/4, what fraction of bananas
remains?

Answers

Answer:

1/2

Step-by-step explanation:

that's the answer because 2/8-1/4 is 1/2

will give 25 points if right

Answers

The slope of the equation is 1/6

Answer:

1/6

Step-by-step explanation:

When the equation is in the form "y = mx + b", m is the slope. This linear line has a slope of 1/6 and a y-intercept of -1/2.

The measure of an interior angle of a regular polygon is 144°. Find the number of sides in the polygon



• n = 4



• n = 6



• n = 10



• n = 15

Answers

Answer:

The number of sides of the regular polygon is 10

what is the area of the soccer field if x=40m?
base is 2x+20
height is x+20

Answers

2(40)+20 = 100m
40+20= 60m
100x60= 6000m

Should the United States return to a gold standard? Why?

Answers

Answer:

No

Step-by-step explanation:

If the U.S goes in a gold standard it can put the whole state in a crises

Where is the blue point on the number line ?

Answers

Answer:

-20

Step-by-step explanation:

Answer:

-20

Step-by-step explanation:

one period is 5, so -5×4 = -20

What is 64 minutes (1 hour and 4 minutes) as mixed number? I'm pretty sure its something like this:
[tex]1 \frac{?}{?} [/tex]
but I don't know for sure

Answers

Answer: 1  4/60

Step-by-step explanation

64 is greater then 60 . 60 = 1 hour so  64 minutes = 1 whole 4 over 60

Answer:

1 1/15.

Step-by-step explanation:

1 4/60

= 1 1/15.

100 POINTS ANSWER PLZ

On saturday endsay walked 3 1/2 miles in 1 2/5 hours what was her walking pace in miles per hour? write in somplest form

Answers

Answer:

2 1/2 mph

Step-by-step explanation:

Answer:

4 9/10

Step-by-step explanation:

trust me i tried posting a pic of my work but it wont load but it is 4  9/10

figure b is a scaled copy of figure a

Answers

Step-by-step explanation:

figure B is a scaled copy of figure B

by scale factor : 1/2

solve for x and y then find the measure of each angle ​

Answers

Step-by-step explanation:

∵ MP is a straight line.

∴ ∠MNQ + ∠PNQ = 180°

[tex](3y + 8)° + (3y + 22)° = 180° \\ 3y + 8 + 3y + 22 = 180 \\ 6y + 30 = 180 \\ 6y = 150 \\ y = 25[/tex]

∵ MP is a straight line.

∴ ∠MNR + ∠PNR = 180°

[tex](2x + 5)° + (3x - 55)° = 180° \\ 2x + 5 + 3x - 55 = 180 \\ 5x - 50 = 180 \\ 5x = 230 \\ x = 46[/tex]

Help help help math help please

Answers

Answer:

x + 15

Step-by-step explanation:

9x + 25 + x + 5 = 180

9x + x + 25 + 5 = 180

10x + 30 = 180

10x = 180 - 30

10x = 150

x = 150÷10

x = 15.

Plot the image of quadrilateral ABCD under a reflection across line L

Answers

                          hope this helps                                    

Step-by-step explanation:

The coordinates of the reflection of a point (x, y), across the y-axis is the point (-x, y)

Please find attached the plot of the image of quadrilateral ABCD under a reflection of the line l

Method:

The coordinates of the vertices of the given quadrilateral ABCD are as follows

A(-2 0), B(-3, 4), C(0, 4), and D(-1, 1)

Due to its orientation, the line l can be taken as being equivalent to the y-axis

The coordinates of the image of (x, y) following a reflection across the y-axis is (-x, y)

Therefore, for the image of the quadrilateral ABCD following a reflection across the y-axis to give the quadrilateral A'B'C'D', the coordinates of A'B'C'D' are;

A(-2 0), reflected across the y-axis gives the image A'(2, 0)

B(-3, 4), reflected across the y-axis gives the image B'(3, 4)

C(0, 4), reflected across the y-axis gives the image C'(0, 4)

D(-1, 1), reflected across the y-axis gives the image D'(1, 1)

The coordinates with which the image of the of the quadrilateral ABCD can be plotted are therefore;

A'(2, 0), B'(3, 4), C'(0, 4), and D'(-1, 1)

The plot of the quadrilateral ABCD and the image A'B'C'D' can be created using MS Excel presented in the attached graph

Learn more about transformations here:

brainly.com/question/21388875

laminiaduo7 and 1 more users found this answer helpful

A weather forecaster has a 60% chance of predicting the weather correctly today. If she is correct, then the probability of being correct the next day is 80%. If she is wrong, the chance of predicting incorrectly the next day is increased by 25% that she was wrong the previous day. What is the probability that the forecaster will predict the weather correctly in exactly two of the next three days?

Answers

Answer:

According to the National Weather Service, if you see a 40 percent chance of rain, "there is a 40 percent chance that rain will occur at any given point in the area."

Step-by-step explanation:

The probability that the forecaster will predict the weather correctly in exactly two of the next three days is 0.48 or 48%.

What is the chain rule in probability?

For two events A and B, by chain rule, we have:

[tex]P(A \cap B) = P(B)P(A|B) = P(A)P(B|A)[/tex]

where P(A|B) is the probability of occurrence of A given that B already occurred.

A weather forecaster has a 60% chance of predicting the weather correctly today.

If she is correct, then the probability of being correct the next day is 80%.

If she is wrong, the chance of predicting incorrectly the next day is increased by 25% that she was wrong the previous day.

Let the chance of predicting the weather correctly today be A.

Let the chance of predicting the weather correctly the next day be B.

Then the probability that the forecaster will predict the weather correctly in exactly two of the next three days will be

[tex]P(A \cap B) = P(A)P(B|A) = 0.6 \times 0.8 = 0.48[/tex]

More about the chain rule of probability link is given below.

brainly.com/question/1210781

Abigail earned $10.26 for babysitting her cousin for 3 hours. How much did she earn in each hour?

Answers

Divide total earned by number of hours:

10.26/3 = $3.42

She earned $3.42 per hour

Each hour she earns $3.42

Drag each relation to the correct location on the table. Classify the relations according to whether or not they are functions.

Answers

they are all functions

Tutori
A decade ago, the average class size at Belmont Middle School was 30 students. Now it is
40% larger. What is the average class size currently?
PLS HELP

Answers

Answer:

42 students

Step-by-step explanation:

Initial class size = 30 students

Class size now is 40% larger:

30 + 40% = 30 + 30*40/100 = 30 + 12 = 42

First let's find larged amount

[tex]\\ \sf\longmapsto 40\%\:of\:30[/tex]

[tex]\\ \sf\longmapsto 0.4(30)[/tex]

[tex]\\ \sf\longmapsto 12[/tex]

Class size=30+12=42students

What is 15 with exponent 1/3 in radical form?

Answers

Answer:

[tex]\sqrt[3]{15}[/tex]

Step-by-step explanation:

15^(1/3) in radical form is [tex]\sqrt[3]{15}[/tex]

To express 15^(1/3) in radical form, we have to first understand what radical form is. It is the expression in a form whereby there exists no fraction and or square roots again. And thus, we have to eliminate the power in this question.

15^(1/3) = 15 which when simplified further, we get [tex]\sqrt[3]{15}[/tex]

Have the best day ever! :D

For any right triangle, the sum of the sqaures of the legs is equal to the square of the hypotenuse

Answers

Answer:

Pythagorean Theorem. The Pythagorean theorem states that in any right triangle, the square of the length of the hypotenuse equals the sum of the squares of the lengths of the legs of the right triangle. This same relationship is often used in the construction industry and is referred to as the 3-4-5 Rule.

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