Bob has $2,500 invested in a bank that pays 4 nnually. how long will it take for his funds to double?

Answers

Answer 1

To determine how long it will take for Bob's funds to double, we need to use the concept of compound interest. Compound interest is when interest is added to the initial amount, and then the interest is reinvested, resulting in additional interest in subsequent periods.

Based of the giver information it will take approximately 17.67 years for Bob's funds to double with a 4% annual interest rate.
In this case, Bob has $2,500 invested in a bank that pays 4% interest annually.

To find out how long it will take for his funds to double, we can use the formula for compound interest:
Future Value = Present Value * (1 + Interest Rate)^Number of Periods

In this case, the Future Value is twice the Present Value (double), the Present Value is $2,500, and the Interest Rate is 4% (or 0.04). We need to find the Number of Periods.
So, let's plug the values into the formula:
2 * $2,500 = $2,500 * (1 + 0.04)^Number of Periods

Now, we need to solve for the Number of Periods. Let's simplify the equation:

2 = (1 + 0.04)^Number of Periods

To solve for the Number of Periods, we can take the logarithm of both sides of the equation. Since the interest is compounded annually, we'll use the logarithm with base 1.04 (1 + 0.04):
log base 1.04 of 2 = Number of Periods
Number of Periods ≈ log base 1.04 of 2 ≈ 17.67
Therefore, it will take approximately 17.67 years for Bob's funds to double with a 4% annual interest rate.

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Related Questions

the rectangular garden shown has a width of 50 feet and a length of 45 feet and is surrounded by a paved path with a uniform width of x feet. if the combined area of the garden and the paved path is 2646 square feet, what is the value of x ?

Answers

Thus we only take the positive root:x = 27/8 = 3.375Answer: 3.375 feet.

The problem states that a rectangular garden that measures 50 feet wide and 45 feet long is enclosed by a uniform width of x feet paved path. To solve the problem,

we can use the formula of the combined area of the garden and the paved path and equate it to 2646 square feet. The combined area is computed by adding the area of the garden and the area of the paved path.

Garden area:Length of garden = 45 ftWidth of garden = 50 ftArea of garden = Length x Width= 45 x 50= 2250 square feet

Paved path:

If the garden has a uniform width of x feet paved path, then the width of the paved path would be x + 2x + x= 4x. The width is multiplied by 2 because there are two widths surrounding the garden.

Length of paved path = length of garden + 2 (width of paved path)= 45 + 2 (4x)= 8x + 45Width of paved path = width of garden + 2 (width of paved path)= 50 + 2 (4x)= 8x + 50

The area of the paved path is computed by subtracting the area of the garden from the combined area.Area of paved path = Combined area - Garden area2646 square feet

= (8x + 45) (8x + 50) - 2250= 64x² + 760x + 675

We then solve for the value of x by factoring the quadratic equation.2646 square feet = 64x² + 760x + 6752646 - 2646

= 64x² + 760x + 675 - 264664x² + 760x - 1971

= 0(8x - 27) (8x + 73) = 0

The value of x cannot be negative,

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Iready Math Lesson: Solve Systems of Linear Equations : Elimination
(answer: X coordinate) what is -2x - 3y = 8

(answer: Y coordinate) what is 5x + y = 6

Answers

The solution to the system of linear equations is:

x = 26/17

y = -28/17

To solve the system of linear equations using the elimination method, we'll eliminate the variable y by adding the two equations together. Here are the steps:

Write down the two equations:

2x - 3y = 8 ...(Equation 1)

5x + y = 6 ...(Equation 2)

Multiply Equation 2 by 3 to make the coefficients of y in both equations cancel each other out:

3 × (5x + y) = 3 × 6

15x + 3y = 18 ...(Equation 3)

Add Equation 1 and Equation 3 together to eliminate y:

(2x - 3y) + (15x + 3y) = 8 + 18

2x + 15x - 3y + 3y = 26

17x = 26

Solve for x by dividing both sides of the equation by 17:

17x/17 = 26/17

x = 26/17

Substitute the value of x back into one of the original equations to solve for y.

Let's use Equation 2:

5(26/17) + y = 6

130/17 + y = 6

Solve for y by subtracting 130/17 from both sides of the equation:

y = 6 - 130/17

Simplify the right side of the equation:

y = -28/17

So, the solution to the system of linear equations is:

x = 26/17

y = -28/17

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What is the first step to conducting a statistical study?.

Answers

The first step to conducting a statistical study is to clearly define the research question or problem.

This involves identifying the population of interest, the variables to be measured, and the hypothesis or objective of the study. Once the research question is clearly defined, the next step is to design the study, including selecting an appropriate sample size, choosing a sampling method, and determining the data collection method.

It is also important to consider potential sources of bias and confounding factors that may impact the study results. Overall, a well-designed statistical study should be able to produce reliable and accurate results that can be used to draw meaningful conclusions about the population of interest.

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A 6-foot man casts an 8-goot shadow. How tall is a tree that casts a 20-foot shadow?

Answers

Answer: 26.6 repeating number or 26 2/3

Step-by-step explanation:

What is the remainder when x 3 − 7x + 5 is divided by x + 3 ?

Answers

Answer:

the remainder is - 1

Step-by-step explanation:

when (x ³ - 7x + 5) is divided by (x + 3) the remindeer is f( -3 )

x + 3 = 0 => x = - 3

f(-3) = (-3)³ - 7(-3) + 5

= - 27 + 21 + 5

= - 1

Need help with this algebra problem 15 points will give brainiest if right

Need help with this algebra problem 15 points will give brainiest if right

Answers

Answer:

b is the lowest and d is the highest y axis

Step-by-step explanation:

an inverse relationship in which one factor increases as another factor decreases represents?

Answers

A Negative correlation coefficient means that as one variable increases, the other decreases (i.e., an inverse relationship).

I will give you brainliest!!!! Use substitution method to solve the system of equations. y=6x-5 y=x+5

I will give you brainliest!!!! Use substitution method to solve the system of equations. y=6x-5 y=x+5

Answers

Answer:

(2,7)

Step-by-step explanation:

y=6x-5

y=x+5

Since they are both equal to y, set them equal to each other

6x-5 = x+5

Subtract x from each side

6x-x-5 = x+5-x

5x-5 = 5

Add 5 to each side

5x-5 +5 = 5+5

5x=10

Divide by 5

5x/5 = 10/5

x=2

y = x+5

y = 2+5

y =7

Answer:

Choice C: (2,7)

Step-by-step explanation:

Using substitution method let y = x + 5

We have x + 5 = 6x - 5

Get let’s get rid of the 6x, so -5x + 5 = -5

Get rid of the 5 by subtracting by 5, so -5x = -10

Divide -5 on both sides and you get x = 2

Input 2 for x in y = x + 5, we get y = 2 + 5, which equals 7.

So (2,7)

Please mark BRAINLIEST!

Determine over what interval(s) (if any) the Mean Value Theorem applies. (Enter your answer using interval notation. If an answer does not exist, enter DNE.)
y=√x2−25

Answers

The Mean Value Theorem applies over the interval (-5, 5) and (5, ∞).

To determine the interval(s) where the Mean Value Theorem (MVT) applies for the function y=√(x^2-25), we need to ensure that the function is continuous and differentiable on the given interval.

1. The function is continuous when the expression under the square root is non-negative, which means x^2-25≥0. Solving for x, we get x≥5 or x≤-5. In interval notation, the domain for continuity is (-∞,-5] U [5,∞).

2. To check for differentiability, we need to find the derivative of the function. The derivative of y=√(x^2-25) is:

y' = (1/2)(x^2-25)^(-1/2) * 2x
y' = x/√(x^2-25)

Now, we need to ensure that the derivative is defined on the given interval. Since x=5 or x=-5 makes the denominator zero, we should exclude these points. Hence, the interval for differentiability is (-∞,-5) U (5,∞).

Since the MVT requires both continuity and differentiability, the applicable interval(s) for the Mean Value Theorem are (-∞,-5) U (5,∞).

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An Auto Shop charges $60 per hour
for labor plus a $30 fee for materials.
Which equation can be used to find
y, the total cost for x hours of labor?

Can someone please help

Answers

Answer:

60x + 30 = y | Honestly not sure if it's right but I wanted to help anyways!

Step-by-step explanation:

In the triangle below, suppose that m/C=(5x-7), m/D= (2x+3)°, and m/E=x°.
Find the degree measure of each angle in the triangle.

Answers

On solving the provided question, we can say that sum of all angles of a triangle is 180, angle 1 = 103, angle 2 = 47 and angle 3 = 22

What is triangle?

A triangle is a polygon since it has three sides and three vertices. It is one of the basic geometric shapes. The name given to a triangle containing the vertices A, B, and C is Triangle ABC. A unique plane and triangle in Euclidean geometry are discovered when the three points are not collinear. Three sides and three corners define a triangle as a polygon. The triangle's corners are defined as the locations where the three sides converge. 180 degrees is the result of multiplying three triangle angles.

here,

in the given triangle

sum of all angles of a triangle is 180.

5x - 7 +2x +3 +x = 180

8x = 176

x = 22

angle 1 = 103

angle 2 = 47

angle 3 = 22

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Find the inverse of f(x)=−3/2x+7/2.

Answers

Answer: \(f^{-1}(x)=-\frac{2}{3}x+\frac{7}{3}\)

Step-by-step explanation:

To find the inverse of a function, you want to replace x with y and y with x. Then, you solve for y.

\(y=-\frac{3}{2}x+\frac{7}{2}\)                       [replace y with x and x with y]

\(x=-\frac{3}{2}y+\frac{7}{2}\)                       [subtract both sides by 7/2]

\(x-\frac{7}{2} =-\frac{3}{2}y\)                       [multiply both sides by -2/3]

\(-\frac{2}{3} (x-\frac{7}{2} )=y\)                     [distribute]

\(y=-\frac{2}{3}x+\frac{7}{3}\)

Now, we have our inverse function.

\(f^-^1(x)=-\frac{2}{3}x+\frac{7}{3}\)

WILL MARK BRAINLIEST AND 5 STARS!!!!!

WILL MARK BRAINLIEST AND 5 STARS!!!!!

Answers

1) 2/1

2) 0

3)1/2

............

Please help me with number 3.
100 points plus Brainly five stars ⭐️ and a thanks

Please help me with number 3.100 points plus Brainly five stars and a thanks

Answers

Answer:

10 and 7

Step-by-step explanation:

First you can list out numbers 1-10 and find thngs that equal 3 when subtracted. Then after you do that see if when you multiply y x 3 subtracted from x if it equals -11.

10-7 =3

10 - (7x3)

10 - 21

-11

Please help me!
"Explain why this graph shows a function."

Please help me! "Explain why this graph shows a function."

Answers

Answer:

This graph shows a function because no vertical line passes through more than one point on the graph.

Step-by-step explanation:

can anyone please help thank yall so much!!​

can anyone please help thank yall so much!!

Answers

Answer: 1.No, 2.Yes, 3.No, 4.22, 25, 28, 5.-29, -34, -39, 6. 9/10, 1, 1 and 1/10,  For the last three you are on your own. Good luck :)

Step-by-step explanation:

An easy way to simplify fractions

Answers

Write down the factors for the numerator and the denominator
Determine the largest factor that is common between the two
Divide the numerator and denominator by the greatest common factor
Write down the reduced fraction
Example:

Reduce the fraction



Step 1:

Factors for 8 = 1, 2, 4, 8
Factors for 24 = 1, 2, 3, 4, 6, 8, 12, 24

Step 2:

The greatest common factor is 8

Step 3:

Divide both the numerator and denominator by 8

8 divided by 8 = 1
24 divided by 8 = 3

Step 4:

The answer is

More examples:

Does anyone know the answer to this?

Does anyone know the answer to this?

Answers

Answer:

10.5.

Step-by-step explanation:

By similar  triangles:

IJ / 21 = 8 /(8+8) = 1/2

IJ / 21 = 1/2

IJ = 1/2 * 21

= 10.5.

What is the total surface area??? HELP IM CONFUSED

What is the total surface area??? HELP IM CONFUSED

Answers

Answer:

bottom: 12 x 12 = 144

1st triangle: (12 x 8)/2 = 48

2nd triangle: 48

3rd triangle: 48

4th triangle: 48

144 + 48 + 48 + 48 + 48 = 336 cm squared

Need help ASAP, thanks

Need help ASAP, thanks

Answers

Answer:

1364

Step-by-step explanation:

use the calculator

Kate bought $23.40 worth of two types of bird seed. Thistle bird seed sells for $1.60 per pound and sold bird seen sells for $0.95 per pound.
Please write this in standard form!

Answers

Kate bought $23.40 worth of two types of bird seed. Thistle bird seed sells for $1.60 per pound and sold bird seen sells for $0.95 per pound. The standard form 1.60x + 0.95y = $23.40.

Describe Standard Form?

Standard form, also known as scientific notation, is a way of writing a number that is a product of a number between 1 and 10 and a power of 10.Standard form is useful for expressing very large or very small numbers in a more manageable and easily comparable form. It is often used in scientific and engineering fields, such as physics and chemistry, where very large or very small numbers are common.

Let x be the number of pounds of thistle birdseed and y be the number of pounds of sunflower birdseed.

We know that:

1.60x + 0.95y = $23.40 (the total cost of the birdseed)

This equation is already in standard form, with the variables on one side and the constant on the other side, and the coefficients being the prices per pound of each type of birdseed.

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simplify 4x5 - 25x³/ 2x-5

Help me and I'll reward you.

Answers

Answer:

i don't understand

Step-by-step explanation:

the question is 11 divided 2and2over 3

\(=\frac{x^{3}(4x^{2} -25) }{2x-5} \\=\frac{x^{3} (2x+5)(2x-5)}{2x-5} \\=x^{3} (2x+5)\\=2x^{4}+5x^{3}\)

Note there was a 2x-5 in the numerator and a 2x-5 in the denominator so they canceled each other. Leaving the above expression.

Which graph best represents a system of equations that has no solution?
Α.
с.
В,
D
2

Which graph best represents a system of equations that has no solution? ..,D2

Answers

Answer:

D

Step-by-step explanation:

A system of equations with no solution means the lines are parallel and never intersect.

The only graph showing a possible set of parallel lines is D

PLEASE HELP I ONLY HAVE ANOTHER 1 AND A HALF AND I HAVE A WHOLE ESSAY AND MASTERY TEST TO DO

PLEASE HELP I ONLY HAVE ANOTHER 1 AND A HALF AND I HAVE A WHOLE ESSAY AND MASTERY TEST TO DO

Answers

Answer:

The answers that should go in the 108 box are as follows,

4 x 3³3² x 122⁴ x 6

The answers that should go in 96 are, a

2⁵ x 32³x 126² x 3

A girl flies a kite at a constant height of 300ft, the wind carrying the kite horizontally away from her at a rate of 25 ft/sec. How fast must she let out the string when she has let out 500 feet of string

Answers

Answer:

she must let out the string when the kite is 700 ft away from her at 20 ft/s

Explanation:

given information:

a = the distance between the girl

b = the length of the string

a = 300

da/dt = 20 ft/s

c =500 ft, dc/dt = ?

A girl flies a kite at a constant height of 300ft, the wind carrying the kite horizontally away from

Samantha's water bottle holds 4 cups of water. How many times can she fill her water bottle from a 1-gallon jug of water?

Answers

Answer:

4 times

Step-by-step explanation:

1. 16 cups in a gallon

2. 16 total cups divided by 4 available cups in water bottle equals 4 times

Which is equivalent to
1/4x

Answers

Answer:

1/4x is basically x divided by 4/multiplied by 1/4

this can be applied in examples such as:

1/4(2) = 0.5

etc.

Step-by-step explanation:

i hope this helped, if not, please leave a comment specifically requiring what exactly you are stuck with.

Answer:

 1/8x+1/8x

Step-by-step explanation:

Will mark brainliest pls help thx

Will mark brainliest pls help thx

Answers

If you are considering speed regardless of direction, the average speed is:

(24 + 16) / 2 = 40 / 2 = 20mph

Although if direction matters, then one number has to be negative since the directions are opposite:

(24 - 16) / 2 = 8 / 2 = 4mph (in the positive direction)

Find the surface area for a sphere with a radius of 10 feet. Round to the nearest whole number.
a. 1,256 ft2
b. 4,189 ft2
c. 1,089 ft2
d. 1,568 ft2

Answers

The required surface area of the sphere with radius 10 feet is given by option a. 1,256 ft².

Let us consider 'r' be the radius of the sphere.

Radius of the sphere 'r' = 10 feet

Surface area of the sphere = 4 π r²

Substitute the value of radius in the formula we get,

⇒ Surface area of the sphere = 4 π × ( 10 )²

Substitute value of π is equal to 3.14 we get

⇒ Surface area of the sphere = 4 × 3.14 × ( 10 )²

⇒ Surface area of the sphere =  12.56 × 100

⇒ Surface area of the sphere = 1,256 square feet.

Therefore, the surface area of the sphere is equal to option a. 1,256 ft².

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Hurry please!
What is the slope of a line parallel to the line whose equation is
2x + 2y = -12.
Fully simplify your answer.

Answers

Answer:

We have the equation of the line as : 4x+2y=12

Step-by-step explanation:

Now 4x+2y=12

=> 2y = 12 - 4x

=> y = 6 - 2x

A line with a slope m and y-intercept c can be written as y = mx + c

In the case of y = -2x -...

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