demirjianchrista
demirjianchrista demirjianchrista
  • 24-02-2021
  • Mathematics
contestada

If you deposit $5000 into an account paying 8.25% annual interest compounded
semiannually, how long until there is $9350 in the account?

Respuesta :

nmoore0409
nmoore0409 nmoore0409
  • 24-02-2021

Answer:

2 t

2 t

2 t

2 t

0.0825 9350 5000 1

2

9350 5000(1.04125)

1.87 1.04125

log(1.87) log(1.04125 )

log1.87 (2t)(log1.04125)

log1.87 2t

log1.04125

15.48512579 2t

t 7.7

Step-by-step explanation:

the answer is 7.7

Answer Link

Otras preguntas

Which statement is *not* true about an adverb? A. It always ends in -ly. B. Its position in a sentence can vary. C. It can modify another adverb. D. It usua
According to a poll, 30% of voters support a ballot initiative. Hans randomly surveys 5 voters. What is the probability that exactly 2 voters will be in favor o
anyone want to help me on this question
A coordinating conjunction preceded by a comma can be used to correct a comma splice. TrueFalse
The system of free enterprise is based on belief in the power of the
Read the sentence. I need to stop at several places, including: the bank, the grocery store, and the dry cleaners. Which best explains why the colon after "inc
Read the following phrases and decide which ones could be used as a basis for a short story. 1 .the life story of a famous musician 2. a championship basketbal
Factor each expression. Problem: g^2 - 9 Answer: (g + 3) (g - 3)
one hundred twenty eight to the one seventh is equal to what??
1+4=5, 2+5=12, 3+6=21 , 8+11=? WHAT THE CORRECT ANSWER?/