tateeanacrayton18 tateeanacrayton18
  • 27-04-2019
  • Mathematics
contestada

A person invest $2,940 in an account tgat earns 4.1% annual intrest. Find when the value of the investment reaches 5,000. If necessary round to the nearest tenth

Respuesta :

smileyhero smileyhero
  • 27-04-2019

Answer:

13.22

Step-by-step explanation:

were solving for t and we know:

a(t)=p(1+(r/n))^nt

5000=a-the total

2940=p-the starting amount

.041=r-the rate

1=n-compound (annual)

plug this into a graph :

5000=2940(1+(.041/1))^x

and you get : 13.22

Answer Link

Otras preguntas

HELP HURRY Are you trying to lose weight, but have little will power? Our new super diet pill is just what you’ve been waiting for. Researchers from around th
During the 1930s, extreme drought and high winds made life incredibly difficult in the Great Plains region of the United States. In many areas, rainfall was for
What are the four leading manufacturing states in the Midwest that are east of the Mississippi River?
ninety-nine decreased by 4/5 of 80 is the same as 5/8 of what number?
how do i know which one to use, a comma , semicolon or neither
What is the sum for a1=? R=? And n=?
I really need help on this
The dramatic changes that characterize puberty present the adolescent (an individual between puberty and adulthood, a teenager) with serious psychosocial (psych
After you have put a marketing plan in place,it is importantly to do what
A rare form of cancer that has become common among men with hiv infection is