How long will it take for a lump-sum investment to double in value at an interest rate of 1.5% per month, compounded continuously

Answers

Answer 1

Answer:

It will take 47 months ( 3 years and 11 months)

Step-by-step explanation:

We use the compound interest formula here.

Mathematically;

A = P( 1 + r)^t

Where A is the amount which is 2 times the principal here, so we can call it 2P

P is the lump-sum invested

r is the monthly interest rate given as 1.5% = 1.5/100 = 0.015

t = time , which we want to calculate

Substituting these values, we have;

2P = P(1 + 0.015)^t

divide both sides by P

2 = 1.015^t

Take the log of both sides;

log 2 = log (1.015)^t

log 2 = t log 1.015

t = log2/log1.015

t = 46.55

which is approximately 47 months


Related Questions

Use the following recursive formula to answer the question.
A1=-3/2
an=an-1+1/2
what’s is a9?

Answers

Step-by-step explanation:

a2=a1+1/2=-1

a3=a2+1/2=-1/2, then we have common difference 0.5

a9=a1+(n-1)d

a9=-3/2+(8)0.5=5/2

Find the minimum sample size needed to estimate the percentage of Democrats who have a sibling. Use a 0.1 margin of error, use a confidence level of 98%, and use the results from a prior Harris poll that gave a confidence interval of (0.44, 0.51) for the proportion of Democrats who have a sibling.

Answers

Answer:

The minimum sample size is  [tex]n =135[/tex]

Step-by-step explanation:

From the question we are told that

   The confidence interval is [tex]( lower \ limit = \ 0.44,\ \ \ upper \ limit = \ 0.51)[/tex]

    The margin of error is  [tex]E = 0.1[/tex]

   

Generally the sample  proportion can be mathematically evaluated as

     [tex]\r p = \frac{ upper \ limit + lower \ limit }{2}[/tex]

    [tex]\r p = \frac{ 0.51 + 0.44}{2}[/tex]

    [tex]\r p = 0.475[/tex]

Given that the confidence level is  98% then the level of significance can be mathematically evaluated as

         [tex]\alpha = 100 - 98[/tex]

        [tex]\alpha = 2\%[/tex]

        [tex]\alpha =0.02[/tex]

Next we obtain the critical value of  [tex]\frac{\alpha }{2}[/tex] from the normal distribution table  

   The value is

        [tex]Z_{\frac{\alpha }{2} } = 2.33[/tex]

Generally the minimum sample size is evaluated as

      [tex]n =[ \frac { Z_{\frac{\alpha }{2} }}{E} ]^2 * \r p (1- \r p )[/tex]

     [tex]n =[ \frac { 2.33}{0.1} ]^2 * 0.475(1- 0.475 )[/tex]

     [tex]n =135[/tex]

At a high school movie night, the refreshments stand sells popcorn and soft drinks. Of the 100 students who came to the movie, 62 bought popcorn and 47 bought a drink. 38 students bought both popcorn and a drink. What is the probability that a student buys a drink, given that he or she buys popcorn? Express your answer as a percent, rounded to the nearest tenth... best answer wins brainliest!!!

Answers

Answer:

47% and 62%

Step-by-step explanation:

1. Drink

The probability that a student buys a drink is 0.47

Step-by-step explanation:

The probability that a student buys a drink will be given by;

( the number of students who bought a drink)/(the total number of students)

We are told that;

Of the 100 students who came to the movie, 62 bought popcorn and 47 bought a drink. Therefore, the required probability is;

47/100= 0.47

0.47 = 47%

2. Popcorn

For popcorn probability, it's basically the same.

The probabilty that a student buys popcorn is 0.62

The probability that a student buys popcorn will be given by;

( the number of students who bought popcorn)/(the total number of students)

So therefore,

62/100 = 0.62

0.62 = 62%

Find the intervals on which the function f(x) = ax2 + bx + c (where "a" doesn't = 0) is increasing and decreasing. Describe the reasoning behind your answer.

Answers

Answer:

Step-by-step explanation:

Given that:

[tex]\mathtt{f(x) = ax^2 + bx + c}[/tex]

The derivative of the function of x is  [tex]\mathtt{f'(x) = 2ax + b}[/tex]

Thus; f(x) is increasing when f'(x) > 0

f(x) is decreasing when f'(x) < 0

i.e

f'(x) > 0 , when  b > 0  and a < 0

2ax + b < 0

2ax < - b

[tex]\mathtt{x < \dfrac{-b}{2a}}[/tex]

f'(x) < 0 , when  b < 0  and a > 0

2ax + b > 0

2ax > - b

[tex]\mathtt{x > \dfrac{-b}{2a}}[/tex]

Question 20 plz show ALL STEPS and hurry PLEASE

Answers

Answer:

(a) You will get ten

Step-by-step explanation:

single cell = 3 min

30 min = ?

30 divided by 10 = 3

Have a good day!

The revenue, cost, and profit functions for a line of cell phone cases is shown. Identify the location on the profit function where the profit from sales of the phone cases is a maximum.

Answers

Answer:

approximately x = 38

Step-by-step explanation:

The maximum profit is the vertex of the profit graph parabola. The maximum occurs at approximately x = 38.

The solution is x = 38

The location on the profit function parabola where the profit from sales of the phone cases is a maximum is given by x = 38

What is a Parabola?

A Parabola, open curve, a conic section produced by the intersection of a right circular cone and a plane parallel to an element of the cone. A parabola is a plane curve generated by a point moving so that its distance from a fixed point is equal to its distance from a fixed line

The equation of the parabola is given by

( x - h )² = 4p ( y - k )

where ( h , k ) is the vertex and ( h , k + p ) is the focus

y is the directrix and y = k – p

The equation of the parabola is also given by the equation

y = ax² + bx + c

where a , b , and c are the three coefficients and the parabola is uniquely identified

Given data ,

Let the revenue, cost, and profit functions for a line of cell phone cases be given as two parabolic functions R ( x ) and P ( x )

The maximum profit is given by the parabolic function R ( x )

The profit is represented by = y

The price per phone is represented by = x

Now , when y is maximum ,

The value of y = $ 2,250,000

The value of x when y = $ 2,250,000 is x = 38

So , the value of x from the parabola where profit is maximum is x = 38

Therefore,  the value of x = 38

Hence , the value of x from the function is x = 38

To learn more about parabola click :

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Algebra II Part 1
On your paper, graph these coordinates:
(-1, 1), (-5, 2)
Type the correct equation of the line.
Note: Do not use fractions in your answer.

Answers

Answer:

4y+x-3=0

Step-by-step explanation:

The equation is y=mx+b

1) Use the coordinates from the first point

(-1,1)

1= -m+b

2) Use the coordinates frm the second point

(-5,2) (y=mx+b, use x=-5, y=2)

2=-5m+b

You have the system of equations

1=-m+b (multiply by -1)  -1= m-b

2=-5m+b

Add the first equation (multiplied by -1) and the second one

-1+2= m-b-5m+b

1= -4m

m=-0.25

2=1.25+b

b=0.75

y=-0.25x+0.75

4y= -x+3

4y+x-3=0

What is the sum of the complex numbers −9−i−9−i and −5−i−5−i?

Answers

Answer:

The sum of the complex numbers will be - 28 - 4i

Step-by-step explanation:

We have the sum  −9−i−9−i + −5−i−5−i. Let's group like elements and simplify this expression,

−9−i−9−i + −5−i−5−i ( Group like terms )

- i - i - i - i - 9 - 9 - 5 - 5 ( Add like terms )

- i - i - i - i = - 4i, - 9 - 9 = - 18, and - 5 - 5 = - 10

- 18 - 10 = - 28 ( Substitute )

Solution : - 28 - 4i

7x2 - 4x +10+ 3x2 – 8

Answers

Answer: 22-4x when you simplify it all.
If in the question it is 7x^2 and 3x^2, then

7x^2 - 4x + 10 + 3x^2 - 8

Re grouping the variables,

7x^2 + 3x^2 - 4x + 10 - 8

10x^2 - 4x + 2

The above would be the answer if the question was 7x^2 - 4x +10 +3x^2 - 8

Multiple Choice
Which statement is an example of the Identity Property of Multiplication?
A. 8.0 = 0
B. 8. 1 = 8
C. 8.-1 = -8
D. -8.-1 = 8

Answers

Answer:

I think that the answer is - 8.-1=8

I need some help with this please :)

Answers

Answer:18 ft

Step-by-step explanation: Perimeter=2(L+B)

Perimeter=2(7 + 2)

2×9=18

Answer:

18feet.

Step-by-step explanation:

To find the perimemter of a rectangle, you just add all the sides.

A rectangle has 4 sides in total, where 2 are equal, and the other 2 are als equal.

So, you just add 7+2+7+2, which gives 18.

This is why, the perimeter of this rectangle is 18feet.

Hope this helped, have a nice day!

5x+4(-x-2)=-5x+2(x-1)+12

Answers

Answer:

x=9/2

Step-by-step explanation:

Let's solve your equation step-by-step.

5x+4(−x−2)=−5x+2(x−1)+12

Step 1: Simplify both sides of the equation.

5x+4(−x−2)=−5x+2(x−1)+12

5x+(4)(−x)+(4)(−2)=−5x+(2)(x)+(2)(−1)+12 (Distribute)

5x+−4x+−8=−5x+2x+−2+12

(5x+−4x)+(−8)=(−5x+2x)+(−2+12) (Combine Like Terms)

x+−8=−3x+10

x−8=−3x+10

Step 2: Add 3x to both sides.

x−8+3x=−3x+10+3x

4x−8=10

Step 3: Add 8 to both sides.

4x−8+8=10+8

4x=18

Step 4: Divide both sides by 4.

4x/4=18/4

x=9/2

Write a word phrase for each algebraic expression.
13. n + 6
14. 5 - c
15. 11.5 + y
17. 3x + 10
16. x/4 - 17
18. 10x + 7z

Answers

Step-by-step explanation:

6 more than nc is subtracted from 5y more than 11.510 more than thrice of x17 less than x divided by 4The product of 7 and z is added to the product of 10 and x.

Solve the following system of equations using the elimination method. x – y = 11 2x + y = 19

Answers

━━━━━━━☆☆━━━━━━━

▹ Answer

(10, -1)

▹ Step-by-Step Explanation

x - y = 11

2x + y = 19

Sum up the equations:

3x = 30

Divide 3 on both sides:

x = 10

Substitute:

10 - y = 11

y = -1

Solution:

(x, y) (10, -1)

Hope this helps!

CloutAnswers ❁

━━━━━━━☆☆━━━━━━━

The ages of some lectures are 42,54,50,54,50,42,46,46,48 and 48.Calculate the:
(a)Mean Age.
(b)Standard deviation.

Answers

Answer:

The mean age is 48

The standard deviation is 4

Step-by-step explanation:

The answer is, (a) mean age is 48.

                          (b)  standard deviation is 4.

What is a mean age?Average age of the population calculated as the arithmetic mean.Another parameter determining the average age of the population is the median age.

What does standard deviation of age mean?In general, the standard deviation tells us how far from the average the rest of the numbers tend to be, and it will have the same units as the numbers themselves. If, for example, the group {0, 6, 8, 14} is the ages of a group of four brothers in years, the average is 7 years and the standard deviation is 5 years.

How do you find the mean age?To find the mean add all the ages together and divide by the total number of children.

Learn more about mean age and standard deviation here:

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The mean area of 7 halls is 55m².If the mean of 6 of them be 58m², find the area of the seventh all.​

Answers

Answer:

Area of 7th hall = 37 m^2

Step-by-step explanation:

Total area of 7 halls = 7*55 = 385

Total area of 6 halls = 6*58 = 348

Area of 7th hall = 385-348 = 37 m^2

Answer:

The area of the seventh hall = 37m²

Step-by-step explanation:

for 6 halls

Mean area of 6 halls = 58m²

[tex]Mean\ area = \frac{sum\ of\ areas}{Number\ of\ halls} \\58\ =\ \frac{sum\ of\ areas}{6} \\sum\ of\ areas\ of\ 6\ halls\ = 58\ \times\ 6 = 348\\sum\ of\ areas\ of\ 6\ halls\ = 348[/tex]

Let the area of the 7th hall be x

The sum of the areas of 7 halls = 348 + x   - - - - - - (1)

[tex]Mean = \frac{sum\ of\ the\ areas\ of\ 7\ halls}{7} \\55 = \frac{sum\ of\ the\ areas\ of\ 7\ halls}{7} \\sum\ of\ the\ areas\ of\ 7\ halls\ = 55\ \times\ 7\ = 385\\sum\ of\ the\ areas\ of\ 7\ halls\ =\ 385 - - - - (2)[/tex]

notice that equation (1) = equation (2)

348 + x = 385

x = 385 - 348 = 37m²

Therefore, the area of the seventh hall = 37m²

A certain vector in the xy plane has an x component of 4 m and a y component of 10 m. It is then rotated in the xy plane so its x component is doubled. Its new y component is about:

Answers

Answer:

New length of component y' = 7.2 m (Approx)

Step-by-step explanation:

Given:

Length of component x = 4 m

Length of component y = 10 m

New length of component x' = 8 m

Find:

New length of component y' = ?

Computation:

Length vector of rotation = √x² + y²

Length vector of rotation = √4² + 10²

Length vector of rotation = √16 + 100

Length vector of rotation = √116

Length vector of rotation = √x'² + y'²

√116 = √x'² + y'²

116 = x'² + y'²

116 = 8² + y'²

New length of component y' = 7.2 m (Approx)

Heng tried to define a reflection across line r.

• Any point N on line r maps to itself.

• Any point M not on the line of reflection maps to a point M' such that the midpoint L of MM' is

on liner.

Which counterexample shows that Heng's definition does not fully define a reflection?

Choose 1 answer:

Answers

Answer:

Any point N on line r maps to itself.

Step-by-step explanation:

Reflection is one of the examples of solid transformation in which a given point, segment, or figure is flipped over a reference point or line to produce its image. The distance of the object to the reference point or line is the same as the distance of its image to the point or line. And both have the same size, but different orientation.

The option that does not fully define a reflection is; any point N on line r maps to itself, because no image of point N is produced after the operation.

Answer:

C. This matches Heng's definition, but is not a reflection, because MM'MM

M, M, prime is not perpendicular to line rrr.

Step-by-step explanation:

What is the perimeter of the image attached?? (PLEASE HELP I WILL MARK BRAINLIEST)

Answers

Answer:

[tex] Perimeter = 3x + 3 [/tex]

Step-by-step explanation:

Perimeter of the given triangle in the figure is the sum of all three sides.

The expressions for the 3 sides are given as, [tex] x, (x - 3), (x + 6) [/tex].

Therefore,

[tex] Perimeter = x + (x - 3) + (x + 6) [/tex]

Simplify,

[tex] Perimeter = x + x - 3 + x + 6 [/tex]

Collect like terms

[tex] Perimeter = x + x + x - 3 + 6 [/tex]

[tex] Perimeter = 3x + 3 [/tex]

could I please have some help​

Answers

I think it’s D .but I’m not sure

Solve each system by graphing.

Answers

9514 1404 393

Answer:

  no solution

Step-by-step explanation:

These lines have the same slope and different y-intercepts, so graph as parallel lines. As such, they will have no point of intersection, so there is NO SOLUTION to this system of inconsistent equations.

Find the length S of the spiral (t cos(t), t sin(t)) for 0 ≤ t ≤ 3π. (Round your answer to three decimal places.) S =

Answers

The arc length is

[tex]S=\displaystyle\int_C\mathrm ds[/tex]

where C is the given curve and ds is the line element. C is defined on 0 ≤ t ≤ 3π by the vector function,

[tex]\mathbf r(t)=(t\cos t,t\sin t)[/tex]

so the line element is

[tex]\mathrm ds=\left\|\dfrac{\mathrm d\mathbf r(t)}{\mathrm dt}\right\|\,\mathrm dt[/tex]

[tex]\mathrm ds=\sqrt{\left(\dfrac{\mathrm d(t\cos t)}{\mathrm dt}\right)^2+\left(\dfrac{\mathrm d(t\sin t)}{\mathrm dt}\right)^2}\,\mathrm dt[/tex]

[tex]\mathrm ds=\sqrt{1+t^2}\,\mathrm dt[/tex]

So we have

[tex]S=\displaystyle\int_0^{3\pi}\sqrt{1+t^2}\,\mathrm dt\approx46.132[/tex]

V(x)=-x2+2x-4 and W(x)=-x3+2x2+x+5 Find V(x)-W(x)

Answers

Answer:

[tex]-x^3-x^2+x-9[/tex]

Step-by-step explanation:

Distribute -1

Combine Like Terms

[tex](x^2+2x-4)-(x^3+2x^2+x+5)\\= x^2+2x-4+-x^3-2x-x-5\\= -x^3-x^2+x-9[/tex]

Answer:

[tex]x^{3} -3x^{2} +x-9[/tex]

Step-by-step explanation:

-x^2+2x-4-(-x^3+2x^2+x+5)

Combine like terms

x^3-3x^2+x-9

how many quarts are there in 12 gallons and 3 quarts? enter the number only. Do not include units

Answers

Answer:

51

Step-by-step explanation:

Please help with this

Answers

The shape has 11 sides.

Using the angle formula for polygons:

The sum of all the interior angles is:

11-2 x 180 = 9 x 180 = 1,620 degrees.

For one angle divide the total by number of sides:

1620 / 11 = 147.27 which rounds to 147.2

The answer is D.

Mario invested $5100 at 13%
to be compounded daily. What will be the value of Mario's investment in 2 years? Round your answer to the nearest cent, if necessary. Note: 365 days in a year and 30 days in a month.

Answers

Answer:

Amount = $6614 and 19 cent

Step-by-step explanation:

Formula for compound interest is

A= p(1+r/n)^(nt)

Compounded daily

So n= 365*2= 730

T= 2

r= 0.13

P= 5100

A= p(1+r/n)^(nt)

A= 5100(1+0.13/730)^(730*2)

A= 5100(1+1.78082*10^-4)^(1460)

A= 5100(1.000178082)^1460

A= 5100(1.2969)

A= 6614.19

Amount = $6614 and 19 cent

What is the image of the point (-7, 4) after a rotation of 180° counterclockwise about the origin?​

Answers

Answer: (7, -4)

Concept:

For each rotation angle, there is a specified rule that could be applied. Please refer to the attachment below for the list of rotation rules.

Solve:

Given point = (-7, 4)

Given rotation rule = (x , y) ⇒ (-x, -y)

(-7, 4) ⇒ (7, -4)

Hope this helps!! :)

Please let me know if you have any questions

Which statement about the angle measures is true?
m_BAC + m2 ACB 85
m.BAC MACB 95
95°
m..BACA BC 85
m. BACIMBC 95
B

Answers

Answer:

Option (4)

Step-by-step explanation:

By the property of exterior angle of a triangle,

"Exterior angle of a triangle is equal to the sum of two opposite interior angles."

In the triangle ABC,

∠ACD is an exterior angle and ∠BAC and ∠ABC are the opposite interior angles.

m∠ACD = m∠BAC + m∠ABC

95° = m∠BAC + m∠ABC

Therefore, Option (4) will be the correct option.

Khảo sát 600 sinh viên trường thấy có có 520 sinh viên thích các hoạt động của Hội Thanh Niên nhà trường. Với độ tin cậy 95%, ta có ước lượng tỷ lệ sinh viên toàn trường thích các hoạt động của Hội Thanh Niên thuộc khoảng

Answers

Answer:

I don't know ans OK bro because I can't understand your language what are you writing


There are 937 entries for a talent show.
What is the value of the 3?

Answers

Answer:

the value of the 3 is 30

Step-by-step explanation:

the second digit to the left of a decimal is always tens column

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