Holly wants to save money for an emergency. Holly invests 1,500 in an account that pays an interest rate of 6.75%. How many years will it take for the account to reach 7300? Round your answer to the nearest hundredth.

Answers

Answer 1
The formula is
A=p (1+r)^t
A future value 7300
P present value 1500
R interest rate 0.0675
T time?
7300=1500 (1+0.0675)^t
Solve for t
Divide both sides by 1500
7300/1500=1.0675^t
Take the log for both sides
Log (7300/1500)=t×log (1.0675)
Divide both sides by log (1.0675)
T=log(7,300÷1,500)÷log(1.0675)
T=24.2 years round your answer to get 24 years

Hope it helps!
Answer 2
Although the problem didn't mention it, I guess this is a compound interest, if so, then:

A= P(1+i%)ⁿ , where P is the original capital, i% = interest and n= number of years

7300 = 1500(1 + 0.0675)ⁿ

7300/1500 = (1.0675)ⁿ

4.86666 = (1,0675)ⁿ

log(4.86666)= n.log(1.0675)
0.687231 = n(0.028367)

n = 0.687231 / 0.028367

n = 24.23 years


Related Questions

Jana is thinking of a number. If she divides her number by 12 and then multiplies the quotient by 8, the result is 520. What number is Jana thinking of?

Answers

You would do the reverse of what was done so you would do 520/8 and then multiply that by 12 so you get 780

A plant has a height of 8 1/4 inches what is the height of the plant after it grows 1 7/8 inches?

Answers

Final answer:

The height of the plant after it grows 1 7/8 inches is 81/8 inches.

Explanation:

To find the height of the plant after it grows 1 7/8 inches, we need to add 1 7/8 to the current height of 8 1/4. First, we can convert 8 1/4 to an improper fraction by multiplying the whole number (8) by the denominator (4) and then adding the numerator (1). This gives us 33/4 inches. Next, we can add 1 7/8 by finding a common denominator (8) and adding the numerators (1+7=8). So, 1 7/8 is equivalent to 15/8. Adding 33/4 and 15/8, we first need to find a common denominator which is 8. Multiplying the numerator and denominator of 33/4 by 2 gives us 66/8. Now, we can add 66/8 and 15/8 to get a total of 81/8 inches. Therefore, the height of the plant after it grows 1 7/8 inches is 81/8 inches.

Final answer:

After adding the growth of 1 7/8 inches to the original plant height of 8 1/4 inches, the new height of the plant is calculated to be 10 1/8 inches.

Explanation:

To calculate the new height of the plant after it grows an additional 1 7/8 inches, we simply need to add this growth to the plant's original height of 8 1/4 inches. The sum of these two measurements will give us the plant's total height.

Begin by converting the mixed numbers to improper fractions to make addition easier: 8 1/4 inches becomes 33/4 inches and 1 7/8 inches becomes 15/8 inches. Next, find a common denominator and add the two fractions.

Common denominator for 4 and 8 is 8.Convert 33/4 to an equivalent fraction with a denominator of 8, which is 66/8.Add 66/8 inches and 15/8 inches.(66/8) + (15/8) = 81/8 inches.

Now, convert the improper fraction back to a mixed number to determine the plant's new height:

81 divided by 8 is 10 with a remainder of 1.So, 81/8 inches is equal to 10 1/8 inches.

Therefore, after growing an additional 1 7/8 inches, the plant's new height is 10 1/8 inches.

Tahmar knows the formula for simple interest is I = Prt, where I represents the simple interest on an amount of money, P, for t years at r rate. She transforms the equation to isolate P : P = i/pie . Using this formula, what is the amount of money, P, that will generate $20 at a 5% interest rate over 5 years?

Answers

The formula to find the amount of money (p) is
P=I/rt
P the amount of money ?
I simple interest 20
R interest rate 0.05
T time 5years
So
P=20÷(0.05×5)
P=80

Hope it helps!

r= 5% = 0.05

t = 5 years

I= 20

P=20÷(0.05×5)
P=$80

What's the next three terms of the following sequence 160,136,112,88

Answers

Every number gets subtracted by 12. Therefore the next three numbers after 88 are 88-24, which is 64, then 64 - 24, which is 40, and 40-24, which is 16.
the next three terms are 64, 40, and 16.
On each number from the sequence you are subtracting 24 from it. So 160-24= 136 then 136-24= 112 then 112-24 = 88 then 88-24 = 64 and so on

Find the perimeter of the polygon with the vertices g(2, 4), h(2,−3), j(−2,−3), g(2, 4), h(2,−3), j(−2,−3), and k(−2, 4)k(−2, 4).

Answers

The distance between g and h is sqrt[(2-2)^2+(4+3)^2]=7 The distance between h and j is sqrt[(2+2)^2+(-3+3)^2]=4 The distance between j and k is sqrt[(-2+2)^2+(-3-4)^2]=7 The distance between k and g is sqrt[(-2-2)^2+(4-4)^2]=4 The perimeter of the polygon is 7+4+7+4=22

Write the function y = 3(x - 1)2 + 2 in standard form.

Answers

3 x 2 = 6

6(x-1) = 6x - 6

6x - 6 + 2

6x -4

hope this helps

if a and b are the measures of two first quadrant angles and sin a = 4/9 and sin b = 2/5 find sin (a+b)

Answers

The sine of the sum of two angles a and b, with sin a = 4/9 and sin b = 2/5, is calculated using the sine addition formula and is approximately 32.24/45.

To find sin(a+b) when given sin a = 4/9 and sin b = 2/5, we use the sine addition formula:

sin(a+b) = sin(a)cos(b) + cos(a)sin(b)

Since we have the sine values, but not the cosine values, we need to find cos(a) and cos(b). Knowing that [tex]sin^2(\theta) + cos^2(\theta) = 1[/tex]for any angle theta, we can find the cosines:

For cos(a): [tex]cos^2(a) = 1 - sin^2(a) = 1 - (4/9)^2 = 1 - 16/81 = 65/81[/tex]. So, [tex]cos(a) = \sqrt{(65/81)} = 8/9[/tex] (since a is in the first quadrant where cosine is positive).For cos(b): [tex]cos^2(b) = 1 - sin^2(b) = 1 - (2/5)^2 = 1 - 4/25 = 21/25[/tex]. So, cos(b) = [tex]\sqrt{(21/25)}= 4.6/5[/tex] (since b is in the first quadrant where cosine is positive).

Now, we plug these values into the formula:

sin(a+b) = (4/9)(4.6/5) + (8/9)(2/5) = 16.24/45 + 16/45 = 32.24/45

Thus, the sine of the sum of the two angles a and b is approximately 32.24/45.

in the chorus there 12 more girl than boys there 32 student in chorus how many boys are there and how many girls are there

Answers

This can be represented by this equation:
x + (x + 12) = 32
Now simplify:
2x + 12 = 32
Then subtract:
2x = 20
Now divide to find x:
x = 10
Plug back in to find the amounts:
10 boys
22 girls

Hope this helps!! :)

What is the length of line RS? Use the law of sines to find the answer.Round to the nearest tenth.

Answers

Using the law of sines,
sin80°/3.1 = sin∠QSR/2.4
∠QSR = sin^-1(2.4sin80°/3.1)
≈ 49.679°
∠SQR = 180° - 80° - 49.679° (angles in a triangle)
= 50.321°
sin50.321°/RS = sin80°/3.1
RS = (3.1sin50.321°/sin80°)
= 2.4 units (nearest tenth)
The length of line RS is 2.4 units.

Write an equation that represents degrees fahrenheit in terms of degrees celsius. let xx represent the temperature in degrees celsius and let yy represent the temperature in degrees fahrenheit.

Answers

As we know Conversion from fahrenheit to celsius is
[tex]F - 32 = \frac{9C}{5} [/tex]

We can write it also as

[tex]F = \frac{9C}{5}+32 [/tex]

F as y and C as x then we can write it as

[tex]y = \frac{9x}{5} + 32 [/tex]

An equation is formed of two equal expressions. An equation that represents degrees Fahrenheit in terms of degrees celsius is y=(9/5)x+32.

What is an equation?

An equation is formed when two equal expressions are equated together with the help of an equal sign '='.

The equation to covert degrees fahrenheit to degrees celsius is given as,

(C × 9/5) + 32 = F

where C represents temperature in degrees Celcius and F represents the temperature in degrees Fahrenheit.

Now, we need to represent the degree Celcius by x, while the degree Fahrenheit by y. Therefore, the above equation can be rewritten as,

y = (x × 9/5) + 32

y = (9/5)x + 32

Hence, an equation that represents degrees Fahrenheit in terms of degrees celsius is y=(9/5)x+32.

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Laura drove to the mountains last weekend. there was heavy traffic on the way there, and the trip took 8 hours. when laura drove home, there was no traffic and the trip only took 6 hours. if her average rate was 16 miles per hour faster on the trip home, how far away does laura live from the mountains

Answers

Final answer:

To find the distance Laura lives from the mountains, calculate her average speed when driving to the mountains and use the time taken during the trip. With the given speeds and travel times, the distance can be determined using a simple equation.

Explanation:

To find the distance Laura lives from the mountains:

Let x be Laura's average speed when driving to the mountains.Since Laura drove 16 mph faster on the way home, her speed returning was x+16 mph.Distance to mountains = x * 8 (hours) and distance from mountains = (x+16) * 6 (hours).Set up the equation: x * 8 = (x+16) * 6 to solve for x.Once x is found, the distance Laura lives from the mountains can be calculated as x * 8.

What is 7,130 divided by 86?

Answers

the answer is 82.906

Over the past ten years, the town's population doubled in size. The population is currently 12,000. What was the population ten years ago?

Which of the following represents the given word problem if "P" represents the population ten years ago?

Answers

I think the answer is 2P = 12,000 but I might be wrong

If a person puts 1 cent in a piggy bank on the first day, 2 cents on the second day, 3 cents on the third day, and so forth, how much money will be in the bank after 40 days? $8.20 $16.40 $0.40 $4.10

Answers

this is an arithmetic sequence with the common difference being 1

and if u have 1 cent on day 1 and 2 cents on day 2....then on day 40, u would have 40 cents....but we need the sum of all the days..

the sum of an arithmetic sequence can be found using the formula :
sn = n(a1 + an) / 2
n = number of terms = 40
a1 = first term = 1
an = last term = 40

now we sub
s(40) = 40(1 + 40) / 2
s(40) = 40(41)/2
s(40) = 1640/2
s(40) = 820.....820 cents = $ 8.20 <== the sum

A 9-ft light pole casts a 15-ft shadow. Find thw height of a nearby tree that is cadtinh a 40-ft shadow.

Answers

The 40 foot tree cast a shadow that was 34 feet.

Evaluate the following expression. 5^-1/5^0

Answers

EVALUATE.

Exact form:
1/5

Decimal Form: 0.2
I think you mean [tex]\frac{5^{-1}}{5^0}[/tex]

ok, know some stuff
[tex]x^0=1[/tex] for all real values of x
[tex]x^{-m}=\frac{1}{x^m}[/tex]

so

[tex]\frac{5^{-1}}{5^0}=[/tex]
[tex]\frac{\frac{1}{5^1}}{5^0}=[/tex]
[tex]\frac{\frac{1}{5}}{5^0}=[/tex]
[tex]\frac{\frac{1}{5}}{1}=[/tex]
[tex]\frac{1}{5}[/tex]

it results in 1/5


or, we could have done
[tex]\frac{x^m}{x^n}=x^{m-n}[/tex] and
[tex]x^{-m}=\frac{1}{x^m}[/tex]
so
[tex]\frac{5^{-1}}{5^0}=5^{-1-0}=5^{-1}=\frac{1}{5^1}=\frac{1}{5}[/tex]



the result is [tex]\frac{1}{5}[/tex]

Considering the one-time deposit and monthly rent, the equation y=1200+400x can be used to represent y, the total cost of renting an apartment for x months. What is the amount of the deposit?
A. $30
B. $400
C. $800
D. $1200 <--- My answer ( Check this please ^_^

Answers

In this item, we are given with the equation,
    y = 1200 + 400x

where y is the total amount of rent and x is the number of months. 

There are two terms in the right-hand side of the equation: 1200, and 400x. It is observed that the value of the first term is constant at 1200 while that of the second term is variable depending on the number of months. The first term therefore can be attributed as the deposited value. 

Therefore, the answer to the question is letter D. 

The penny size d is given by the literal equation d = 4n - 2, solve for n

Answers

Thanks for your question!

d = 4n -2
d + 2 = 4n
(d+2)/4 = n

Hope this helped!

How do you factor: 12x^2-4x-40

Answers

First factor the gcf out
4(3x^2-x-10)

From here use slip and slide for the inner trinomial
x^2-x-30
(x-6)(x+5)
(x-6/3)(x+5/3)
(x-2)(3x+5)

Final answer: 4(3x+5)(x-2)

Find the value of d in the triangle

Answers

d = 3/ sin(15)

d= 11.5911 feet

round answer as needed

what is the area of a circular mirror with a radius of 10 cm?

Answers

area=pi r squared
area=3.14 x 10squared 
area= 314
the answer is 314

Final answer:

The area of a circular mirror with a radius of 10 cm is calculated using the formula πr², which results in an area of 314.16 cm².

Explanation:

The area of a circular mirror can be calculated using the formula πr², where π (pi) is approximately 3.1416 and r is the radius of the circle. Given the radius of the circular mirror as 10 cm, we can substitute this value into the formula to find the area.

Area = π × (10 cm)²
A = 3.1416 × 100 cm²
A = 314.16 cm²

Therefore, the area of the circular mirror is 314.16 cm².

How to multiply a whole number into a fraction?

Answers

Greetings!

To multiply a fraction, both terms must be a fraction.
To turn a whole number into a fraction (without changing the value of the number), we put 1 as the denominator:

Example:
8=8/1

Now that you have terms as fractions, you can multiply them by eachother:
8/1*2/5
=16/5

Hope this helps.
-Benjamin

Help In Math Please!!
The graphic shows the average number of points scored per game for ten players in the NBA.

What is the interquartile range (IQR) of the data set.
A) 1.1
B) 4.9
C) 6.9
D) 9.8

Answers

To calculate the interquartile range of a dataset, we first arrange the dataset in order:

Since the given dataset is already arranged in order.

We obtain the Q1 and the Q3 data values.

The Q1 value is the value for which 25% of the datavalues lie below it. For the given dataset, the Q1 value is 24.

Similarly, the Q3 value is the value for which 25% of the datavalues lie above it. For the given dataset, the Q1 value is 28.9.

The interquartile range is given by

IQR = Q3 - Q1 = 28.9 - 24 = 4.9

Therefore, the interquartile range (IQR) of the data set is 4.9.

Answer:

The other answer for USA TP is 26.25

Step-by-step explanation:

The mean is the average of the numbers.

29.8 + 29.6 + 28.9 + 27.1 + 26.4 + 25.5 + 24.5 + 24.0 + 23.8 + 22.9

10

= 26.25

Determine the 3-day sma for the ten consecutive day closing prices of sprint nextel corp listed below. $7.78, $8.08, $7.99, $8.02, $7.89, $8.72, $9.19, $9.16, $8.98, $9.38

Answers

The 3-day moving average is the average 3 number moiving one place each time.

The 3-day sma for the ten consecutive day closing prices is given by of sprint nextel corp:

(1st day price + 2nd day price + 3rd day price) / 3 = ($7.78 + $8.08 + $7.99) / 3 = $23.85 / 3 = $7.95

(2nd day price + 3rd day price + 4th day price) / 3 = ($8.08 + $7.99 + $8.02) / 3 = $24.09 / 3 = $8.03

(3rd day price + 4th day price + 5th day price) / 3 = ($7.99 + $8.02 + $7.89) / 3 = $23.90 / 3 = $7.97

(4th day price + 5th day price + 6th day price) / 3 = ($8.02 + $7.89 + $8.72) / 3 = $24.63 / 3 = $8.21

(5th day price + 6th day price + 7th day price) / 3 = ($7.89 + $8.72 + $9.19) / 3 = $25.80 / 3 = $8.60

(6th day price + 7th day price + 8th day price) / 3 = ($8.72 + $9.19 + $9.16) / 3 = $25.80 / 3 = $27.07 / 3 = $9.02

(7th day price + 8th day price + 9th day price) / 3 = ($9.19 + $9.16 + $8.98) / 3 = $27.33 / 3 = $27.33 / 3 = $9.11

(8th day price + 9th day price + 10th day price) / 3 = ($9.16 + $8.98 + $9.38) / 3 = $27.33 / 3 = $27.52 / 3 = $9.17

Therefore, the 3-day sma for the ten consecutive day closing prices of sprint nextel corp are $7.95, $8.03, $7.97, $8.21, $8.60, $9.02, $9.11, $9.17

Answer:

Step-by-step explanation:

The 3-day moving average is the average 3 number moiving one place each time.

The 3-day sma for the ten consecutive day closing prices is given by of sprint nextel corp:

(1st day price + 2nd day price + 3rd day price) / 3 = ($7.78 + $8.08 + $7.99) / 3 = $23.85 / 3 = $7.95

(2nd day price + 3rd day price + 4th day price) / 3 = ($8.08 + $7.99 + $8.02) / 3 = $24.09 / 3 = $8.03

(3rd day price + 4th day price + 5th day price) / 3 = ($7.99 + $8.02 + $7.89) / 3 = $23.90 / 3 = $7.97

(4th day price + 5th day price + 6th day price) / 3 = ($8.02 + $7.89 + $8.72) / 3 = $24.63 / 3 = $8.21

(5th day price + 6th day price + 7th day price) / 3 = ($7.89 + $8.72 + $9.19) / 3 = $25.80 / 3 = $8.60

(6th day price + 7th day price + 8th day price) / 3 = ($8.72 + $9.19 + $9.16) / 3 = $25.80 / 3 = $27.07 / 3 = $9.02

(7th day price + 8th day price + 9th day price) / 3 = ($9.19 + $9.16 + $8.98) / 3 = $27.33 / 3 = $27.33 / 3 = $9.11

(8th day price + 9th day price + 10th day price) / 3 = ($9.16 + $8.98 + $9.38) / 3 = $27.33 / 3 = $27.52 / 3 = $9.17

Therefore, the 3-day sma for the ten consecutive day closing prices of sprint nextel corp are $7.95, $8.03, $7.97, $8.21, $8.60, $9.02, $9.11, $9.17

the perimeter of a square picture frame is 48 inches. one side length of the frame is 30.48 centimeters. how many centimeters are in an inch?
The answer is 2.54 centimeters but i need help with my work

Answers

Since the perimeter is 4 times a side in a square, we get 48/4=12 inches per side, and 12 in= 30.48 cm. Dividing both sides by 12,we get 1in= 2.54 cm

Why is it important to take note of skipped check numbers?

A. Skipping a check wastes the check and will end up costing money.
B. Locating skipped checks helps to identify where the fees come from.
C. Skipped checks were written for more money than was available in the account.
D. A skipped check has not been cashed or deposited.

Answers

It hasnt been cashed or deposited. 

Answer:

D. A skipped check has not been cashed or deposited.

Step-by-step explanation:

We can say that a skipped check number means the check has not been cashed yet.

If we see the check book and there is a gap between the check numbers that you have written, then that means the missing number checks are not processes yet. The processing can be depositing or withdrawing/cashing.

So, the correct answer here is D. A skipped check has not been cashed or deposited.

What is 7 more than five times the number 9 divided by 15?

Answers

Answer:

7 more than five times the number 9 divided by 15 is, 10

Step-by-step explanation:

As per the statement:

7 more than five times the number 9 divided by 15

"five times the number 9" translated to [tex]5 \times 9 = 45[/tex]

"five times the number 9 divided by 15" translated to [tex]\frac{45}{15} = 3[/tex]

then;

"7 more than five times the number 9" divided by 15 means 7 + 3 = 10

Therefore,  7 more than five times the number 9 divided by 15 is, 10

Answer:

10

Step-by-step explanation:

Hope this helps!

When using the substitution method to solve a nonlinear system of equations, you should first see if you can _____ one variable in one of the equations in the system?

Answers

You have to be able to solve for one of the equations to equal one of the two variables in the equation. For an example, y-2x=6 and 2y+6x=33 then you add the 2x on both sides of the first equation which would look like this, y=2x+6, to substitute the y in the second equation.....

if you live in Dallas then you live in Texas what is the biconditional of this

Answers

you live in Dallas, if and only if you live in Texas
Final answer:

The biconditional of the statement 'If you live in Dallas then you live in Texas' is 'You live in Dallas if and only if you live in Texas'. This means that living in Dallas is both necessary and sufficient for living in Texas.

Explanation:

The biconditional of the statement 'If you live in Dallas then you live in Texas' would be 'You live in Dallas if and only if you live in Texas'. In other words, living in Dallas is both necessary and sufficient for living in Texas. This means that if one condition is true, then the other must also be true. Similarly, if one condition is false, then the other must also be false. A biconditional statement essentially equates the truth of two conditions.

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Subtract the polynomials: (3x2 + 2x + 4) - (x2 + 2x + 1). Enter your answer as a polynomial in descending order below, and use the caret (^) for exponents. For example, you would write as 4x^2.

Answers

Line up the like terms like so

3x^2  +  2x  + 4
x^2    +  2x   + 1

Now subtract straight down
3x^2 - x^2 = 3x^2 - 1x^2 = 2x^2
2x - 2x = 0x = 0
4 - 1 = 3

The results of 2x^2, 0 and 3 are added up to get 2x^2 + 0 + 3 and that turns into 2x^2 + 3

Answer: 2x^2 + 3
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