You deposit $2000 in an account that earns simple interest at an annual rate of 4%. How long must you leave the money in the account to earn $500 in interest?

Answers

Answer 1

To earn $500 in interest at a 4% annual rate, you need to leave $2000 in the account for approximately 6.25 years.

The formula for simple interest is given by:

[tex]\[ I = P \times r \times t \][/tex]

Where:

- I is the interest earned,

- P is the principal amount (initial deposit),

- r is the annual interest rate (expressed as a decimal), and

- t is the time the money is invested or borrowed in years.

In this case, you want to find t, so rearrange the formula to solve for t:

[tex]\[ t = \frac{I}{P \times r} \][/tex]

Given that P = $2000, r = 0.04 (4% as a decimal), and I = $500, plug these values into the formula:

[tex]\[ t = \frac{500}{2000 \times 0.04} \][/tex]

Calculate the result to find out how long you must leave the money in the account to earn $500 in interest.

[tex]\[ t = \frac{500}{2000 \times 0.04} \]\[ t = \frac{500}{80} \]\[ t = 6.25 \][/tex]

Therefore, you must leave the money in the account for approximately 6.25 years to earn $500 in interest at a simple annual rate of 4%.


Related Questions

The seventh grade math classes are going on a field trip. the field trip will cost $7 per student. write an expression to find the cost of the field trip for s students. what is the total cost if 26 students go on the trip?

Answers

cost = 7s; where s is the number of students who paid.

Plugging in 26:

cost = 7 * 26
cost = 182

Hope this helps!

7s is the expression to find the cost of the field trip for s students and 182 is the total cost if 26 students go on the trip

What is Expression?

An expression is combination of variables, numbers and operators.

Given,

The seventh grade math classes are going on a field trip.

the field trip will cost $7 per student.

Given s is number of students.

7s is the expression to find the cost of the field trip for s students.

When number of students are twenty six 26, i.e s=26

Total cost=7×26

seven times of twenty six

182

Hence 7s is the expression to find the cost of the field trip for s students and 182 is the total cost if 26 students go on the trip

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What is the meaning of life? What makes this world so great? Is there something to look forward to in the future?

Answers

well if your one of those people, this question is actually very easy to answer.the meaning of life too me is simply to live.and anything good is not bad so, anything you can think of that is good is what makes the world good.;) 
42 is the joking answer here. No, there is meaning to life. It really depends who you are talking to . A Christian or Jew would say that it is to please God. A Buddhist would say to live life like a good person so as to be ascended. Most people agree, however, that life is assigned the meaning you give it. If you believe that life is made to serve you, go for it! The second question now. This world is great because of life. I'd like to refer you to the Galaxy Song by Monty Python. It talks about how incredible the universe is, how unlikely ot is for us to even exist. And answering your final question: yes. The future may appear grim due to what is seen on the news, but while there is evil, greatness occurs. Science is progressing faster than ever before. We are slowly eradicating terroristic threats, and the standard of life for all will increase. Life is amazing, and the future promises great things ahead.

The office manager ordered145 packs of printer paper. Based on average daily use, she knows that the paper will last 65 days. What graph represents this situation? How many packs of printer paper should the manager expect to have after 25 days?

Answers

The first or  third graph represents the situation
After 25 days he would expect to have , i would say 88 packs left 
I cant make out  the bottom figure below third graph

Select the postulate that is illustrated for the real numbers.

6 + 0 = 6

The commutative postulate for multiplication
Multiplication by one
The addition inverse postulate
Commutative postulate for addition
The distributive postulate
The additive identity postulate
The multiplication inverse

Answers

The answer is the additive identity postulate.

Answer:

The additive identity postulate

Step-by-step explanation:

6 + 0 = 6

Any number added with zero, we get the same number.

That is, a + 0 = a, where "a" is any real number.

Let's take a = 9, we get

9 + 0 = 9

Let's check out a few more examples:

-9 + 0 = -9

2/3 + 0 = 2/3

22 + 0 = 22

You can see any number added with 0, we get the same number.

Here 0 is additive identity, this is called additive identity postulate.

We are given 6 + 0 = 6 which illustrated by "The additive identity postulate."

Therefore, answer is "The additive identity postulate"

What number gives you the same result when multiplied by 6 as it does when 6 is added to it?

Answers

Let x be the number.

Then:

6x = x+6
6x–x = 6
5x= 6
x = 6/5

Checking this through a calculator, both times, the solution for 6/5 is 7.2

Hope I helped :)

Find the total amount in the compound interest account.
​$1740 is compounded daily at a rate of 12​% for 5 years. Let 1 yearequals=365 days.

=$

Answers

[tex]\bf \qquad \textit{Compounding Continuously Earned Amount}\\\\ A=Pe^{rt}\qquad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\to& \$1740\\ r=rate\to 12\%\to \frac{12}{100}\to &0.12\\ t=years\to &5 \end{cases} \\\\\\ A=1740\cdot e^{0.12\cdot 5}[/tex]

bear in mind that the continuously compounding interest is just that, a daily compounding cycle, taking a year as 365days.

Part A: Amir rented a scooter at $43 for 3 hours. If he rents the same scooter for 8 hours, he has to pay a total rent of $113.

Write an equation in the standard form to represent the total rent (y) that Amir has to pay for renting the scooter for x hours. (4 points)

Part B: Write the equation obtained in Part A using function notation. (2 points)

Part C: Describe the steps to graph the equation obtained above on the coordinate axes. Mention the labels on the axes and the intervals. (4 points)

Answers

14.33 ( x) = y is for the first one sorry I could only do the that one.

Answer:

A: r-14x-1=0

B: r(x)=14x+1

C: x= left to right axis

y= up to down axis

domain= x,0

range= r,0

slope= 14

x-intercept= r=0 ==> 0=14x+1 ==>x=(-1/14,0)

r-intercept= x=0 ==> r=14(0)+1= (0,1)

make sure to right it in your own.

If two angles of a triangle are complementary, then the triangle must be

Answers

That would be a right-angled triangle.

please help me
An irregular polygon is shown below:

The area of the irregular polygon is ____ square units.

Answers

The area of the irregular polygon is 26 square units.

Answer:

26

Step-by-step explanation:

well we see that it is at its longest is 9, and the tallest is four

we have two missing sides...

so for the top left on long, it is 5

the full length is 9, and we have a 4 on the top, so we have 5 left, the top right line is 5

the one on the left side is two, because the middle line is a 2, and the full items height is 4.

4x2=8

2x2=4

5+9=14

8+4=12

14+12=26

HELP PLEASE!!!!!
Find the radius of a circle if a central angle of 3π/2 intercepts an arc of 26.4 centimeters.

0.19 cm
3.14 cm
5.6 cm

Find the measure of a central angle that intercepts an arc of 81.5 cm in a circle whose radius is 16.3 cm.

5 rad16 rad65 rad

Find the arc length intercepted by a central angle of 3π/4 radians in a circle whose radius is 18.4 inches.

13.8π15.2π24.5π

Answers

1: length of arc=(2πr/360)*3π/2
26.4=r*0.081
therefore,. r=26.4/0.081=325.9cm
this is the answer if the given angle was in degree.
if the angle is in radian then,
26.4=r*3π/2
r=5.6 cm
all the best

Answer:

Find the radius of a circle if a central angle of 3π/2 intercepts an arc of 26.4 centimeters.

Ans: 5.6 cm

Find the measure of a central angle that intercepts an arc of 81.5 cm in a circle whose radius is 16.3 cm.

Ans: 5 rad

Find the arc length intercepted by a central angle of 3π/4 radians in a circle whose radius is 18.4 inches.

Ans: 13.8π

Find two numbers whose product is 20 and whose sum is 12

Answers

10 * 2 = 20
2 + 10 = 12

Answer 2 and 10

The numbers are 10 and 2 if the product is 20 and whose sum is 12 after making the two equations.

What is a linear equation?

It is defined as the relation between two variables, if we plot the graph of the linear equation we will get a straight line.

If in the linear equation, one variable is present, then the equation is known as the linear equation in one variable.

It is given that:

The product of two numbers is 20 and whose sum is 12

Let the numbers are x and y

xy = 20

x + y = 12

y = 12 - x

x(12 - x) = 20

x² - 12x + 20 = 0

After solving the above quadratic equation, we get:

x = 10, 2

y = 2, 10

Thus, the numbers are 10 and 2 if the product is 20 and whose sum is 12 after making the two equations.

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For which value of k will the roots of the equation 2x^2-5x+k=0 be real and rational numbers

Answers

The trick here is to find the discriminant, b^2-4ac, of the equation 2x^2 - 5x + k.
Here a=2, b=-5, and c=k.

So long as the discriminant is 0 or greater than 0, your roots will be real and rational numbers.

Thus, compute b^2-4ac:  (-5)^2 - 4(2)(k)

Let this equal zero and solve for k:  25=8k; k=25/8.

So long as k is 25/8 or smaller, b^2-4ac will be 0 or greater, and the roots will be real and rational.

25/8 is the  value of k will the roots of the equation 2x^2-5x+k=0 be real and rational numbers

What is quadratic equation?

A quadratic equation is a second-order polynomial equation in a single variable x , ax²+bx+c=0. with a ≠ 0 .

We need to find  the value of k will the roots of the equation 2x²-5x+k=0 be real and rational numbers.

A quadratic equation has real roots when the discriminant is positive or zero (not negative).

b²-4ac≥0

b=-5, a=2, c=k

(-5)²-4((2.k)≥0

25-8k≥0

25≥8k

Divide both sides by 8

25/8≥k

k≤25/8

Hence, 25/8 is the  value of k will the roots of the equation 2x^2-5x+k=0 be real and rational numbers

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At one point on the trip, the miles are recorded as 15,121 when the gas tank is 75% full. Use a ratio equation to determine the miles per gallon the sedan averages. Round your answer to the nearest whole number.

Answers

The most common size of a sedan tank is 18.5 gallons. So if it is 75% full, it contains 13.875 gallons of gas. If it recorded a mileage of 15,121 miles, mileage per gallon, therefore, is 1090 rounded off to the nearest whole number.

Given: Gas full tank of a sedan – 18.5 gallons

            75% full = 13.875 gallons

            Mileage using 13.875 gallons of fuel = 15,121 miles

The mileage per gallon computation using the ratio equation:

Ratio is 15121:13.875 or

            X/1= 15121/13.875

            13.875x = 15121

            X = 15121/13.875

            X =1089.80 or 1090 miles per gallon (rounded off)

To support a shelf, the diameter of a bolt can be measured anywhere from 0.2 cm less than 1.5 cm to 0.2 greater than 1.5 cm. Which graph represents the possible measures of the diameter of the bolt

Answers

In the question "To support a shelf, the diameter of a bolt can measure anywhere from 0.2 cm less than 1.5 cm to 0.2 cm greater than 1.5 cm. Which graph represents the possible measures of the diameter of the bolt?" The values from 0.2 cm less than 1.5 cm to 0.2 cm greater than 1.5 cm are values from 1.5 - 0.2 to 1.5 + 0.2 = 1.3 cm to 1.7 cm The graph is a graph on the number line starting from the point 1.3 to 1.7.

Answer:

The answer is A.

Step-by-step explanation:

We use filled in dots because it can be anything .2 and less or, .2 or more.

What transformation takes

f(x)=15x+3 to g(x)=5x+3 ?

Question 1 options:

a horizontal compression by a factor 1/3


a translation 6 units right


a horizontal stretch by a factor of 3


a translation 6 units down

Answers

We can see that 
[tex]5x + 3 = 15( \frac{1}{3} x) + 3 = f( \frac{1}{3} x)[/tex]

So [tex]g(x) = f( \frac{1}{3} x)[/tex]

When a function f(x) is transformed into f(ax) where |a| > 1, it's a horizontal compression by a factor of 1/a. But when a function f(x) is transformed into f(ax) where |a| < 1, it's a horizontal stretch by a factor of 1/a.

In this case, a = 1/3. So that's a horizontal stretch by a factor of 1/(1/3) = 3. Thus the answer choice is C. 
The transformation of f(x)=15x+3 to g(x)=5x+3 requires a horizontal compression by a factor of 1/3. f(x) has the has a y value of 18. g(x) has the y value of 8. Both lines share the x intersection of 3. When 15x is multiplied by 1/3, it becomes 5x, leaving g(x) with the same x intersection, but compressing the slope horizontally into a less steep line.

I don't get how to do this please help

Answers

the answer is D

the exponent is 8.869 where the 9 is 9/1000, the 6 is 6/100 and the 8 to the right od the decimal point is 8/10

ITs C

if we convert the fractions to decimals we see that the exponent is
8 + .8 + .06 + .009  = 8.869

What number appears 7 times in the multiplication table?

Answers

Final answer:

In a multiplication table, each number from 1 to 12 would appear 12 times corresponding to each multiplier. In a table specific for a single number, that number would repeat 12 times.

Explanation:

The question is asking about a number that appears 7 times in a multiplication table. In a multiplication table, numbers 1 through 12 are repeated 12 times, once for each multiplier. However, in a multiplication table between 1 and 10, the number 1 appears multiple times as it is a factor for every other number. As an exception, if we have a multiplication table that is specific to a certain number, for example, the number 7, then number 7 would appear 12 times as it is the constant multiplier for each number in the table.

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What three consecutive integers have a sum of 252?

Answers

The numbers are 83 84 85

252/3 = 84

84-1 = 83

84+1=85

83 +84 +85 = 252

 the numbers are 83, 84, 85

What are the coordinates for the x and y intercepts of the function 4y - 2x = 24?

Answers

For 4y, I believe the coordinates are (4,6) and the coordinates for 2x are (2,12). This is my best guess. Let me know if I'm wrong.
First, let's put this in Slope-intercept form: y = mx + b, where m is the slope and b is the y-intercept.
4y - 2x = 24          Add 2x to both sides
4y = 2x + 24         Divide both sides by 4
y = (1/2)x + 6
Now that we're in slope-intercept we can easily find the y and x intercepts/
b = 6, so the y-intercept equals 6. Plug zero in for x to confirm!

Now we plug 0 in for y to find the x intercept:
0 = (1/2)x + 6     Subtract 6 from both sides
-6 = (1/2) x          Multiply both sides by 2
-12 = x
The x intercept is -12

In Conlusion:
x-intercept = -12
y- intercept = 6

Solve for PQ 4x+19=2x+32

Answers

4x + 19 = 2x + 32

4x (- 2x) + 19 = 2x (- 2x) + 32

2x + 19 (-19) = 32 (-19)

2x = 13

2x/2 = 13/2

x = 13/2, or 6.5



hope this helps

Stan, a local delivery driver is paid $3.50 per mile driven plus a daily amount of $75. On Monday he is assigned a route that is 30 miles longer. How much is he being paid for that day? Independent and dependent variables?

Answers

3.50m+75 for the 30 miles, he is being paid 105 plus the daily amount of 75 which equals to 180$.

Ou can draw a quadrilateral with two sets of parallel lines and no right angles.
a. True
b. False

Answers

i believe it would be true because you can have the first set then when you have your second set it just have to be slanted for them to all be acute & obtuse angles

Please help ;-;!!
Math Algebra
(Image)

Answers

x + y < 1
y < -x + 1......this is a dashed line....it has a slope of -1 and a y int of (0,1)...it is shaded below the line

2y > = x - 4
y > = 1/2x - 2....this is a solid line...it has a slope of 1/2 and a y int of (0,-2)..it is shaded above the line

ur graph is : the top right one

Eighteen cement squares cover a patio with an area of 40.5m^2. What is the side length of one of the squares

Answers

Final answer:

The side length of each of the cement squares is 1.5m. This is calculated by dividing the total area by the number of squares to find the area of each square, and then taking the square root to find the side length.

Explanation:

To solve this question, we need to first understand that the total area of the patio equals the sum of the areas of each individual cement square. There are eighteen squares, and the total area is 40.5 square meters. This means that the area of one cement square can be acquired by dividing the total area by the quantity of the squares.

So, the calculation would be 40.5m² / 18, giving us an area of 2.25m² for each square.
Now, since these are squares and all sides of a square are equal, their area is represented by the square of one side length. Therefore, to get the length of one side, we extract the square root of the area.

The calculation is √2.25, which equals 1.5. So, the side length of one of the cement squares is 1.5m.

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The declaration opens with a rational statement of its purpose. in a document with such radical intent, its is not surprising that supporting details often use emotionally laden language.Find at least 5 details in the document that use loaded words to cite factual support . What emotions are revealed in the use of charged language ?

Answers

The Declaration of independence is full of loaded language. It invokes the will of god to support its cause and talks of the power of man and nature. It uses words that conjure visual thoughts, such as dissolving the political bands that held the two nations together. With this language you can visualize these tethers being dissolved. It speaks of equality and drums up feelings of self and National pride.
Final answer:

The document uses emotionally loaded language to support its claims. This creates a strong emotional impact on readers and helps persuade them.

Explanation:

When analyzing a document, it is important to pay attention to emotionally loaded language used as factual support. Here are five details in the document that use loaded words:

Quoting from interviews with government workers and bystanders who were hiding behind locked doors and had no police protection, appealing to the emotion of fear.Recreating images with vivid descriptions and concrete language of lone officers overwhelmed by crowds of people and beaten, appealing to the emotions of fear and empathy.Using nonaggressive language to address opposing views, showing empathy and attempting to convince others to support the author's position.Adhering to descriptive diction and employing sensory detail, creating a rhetorical effect.Refuting counterclaims and appealing to readers' logic and emotions, demonstrating fairness and advanced skill at persuasion.

The use of emotionally charged language reveals the emotions of fear, empathy, conviction, and persuasion in the document.

30 POINTS PLEASE HELP! An investment in a savings account grows to three times the initial value after t years.
If the rate of interest is 5%, compounded continuously, t = (blank) years.

Answers

The formula for a compound growth or decay is given by

A = A₀ × (1+growth rate)ⁿ

Where:
A = The final value after 'n' years
A₀ = The initial value
Growth rate = 5% = 0.05

We know that final value = 3 × Initial value
So that's A = 3A₀
Substitute this expression into the formula, we have
3A₀ = A₀ (1+0.05)ⁿ
3A₀ ÷ A₀ = (1.05)ⁿ
3 = (1.05)ⁿ

from here we can use the trial and error method:

take n = 1, then (1.05)¹ = 1.05
take n = 2, then (1.05)² = 1.1025
take n = 3, then (1.05)³ = 1.16
take n = 5, then (1.05)⁵ = 1.3
take n = 10, then (1.05)¹⁰ = 1.6
take n = 20, then (1.05)²⁰ = 2.7
take n = 30, then (1.05)³⁰ = 4.3 ⇒ too big
take n = 25, then (1.05)²⁵ = 3.4
take n = 24, then (1.05)²⁴ = 3.2
take n = 23, then (1.05)²³ = 3.1
take n = 22, then (1.05)²² = 2.9

so, the number of years it takes for the account to grow three times the initial value after 23 years.


Solve the system:
p-3q=-1
-5p+16q=5
a. (2,1)
b.(3,3)
c. (-1,0)
d.(5,2)

Answers

it is c. hope this helps (:

Answer:  The correct option is

(c) (-1, 0).

Step-by-step explanation:  We are given to solve the following system of equations :

[tex]p-3q=-1~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~(i)\\\\-5p+16q=5~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~(ii)[/tex]

From equation (i), we have

[tex]p-3q=-1\\\\\Rightarrow p=3q-1~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~(iii)[/tex]

Substituting the value of p from equation (iii) in equation (ii), we get

[tex]-5(3q-1)+16q=5\\\\\Rightarrow -15q+5+16q=5\\\\\Rightarrow q=5-5\\\\\Rightarrow q=0.[/tex]

From equation (i), we get

[tex]p=3\times0-1=-1.[/tex]

Thus, the required solution is (p, q) = (-1, 0).

Option (c) is CORRECT.

Help with finding value of x?

Answers

Any two vertical angles are congruent, so we can set the values (3x - 3) and [6(x - 10)] equal to each other:

[tex]3x-3=6(x-10)[/tex]

From there, it's just a matter of solving for x.

Talia wants to write the equation of the graphed line in point-slope form. These are the steps she plans to use: Step 1: Choose a point on the line, such as (2, 5). Step 2: Choose another point on the line, such as (1, 3). Step 3: Count units to determine the slope ratio. The line runs 1 unit to the right and rises 2 units up, so the slope is . Step 4: Substitute those values into the point-slope form. y – y1 = m(x – x1) y – 3 = (x – 1) Which of Talia’s steps is incorrect? Step 1 is incorrect because it uses a point that is not on the line. Step 2 is incorrect because it uses a point that is not on the line. Step 3 is incorrect because it shows an incorrect ratio for the slope. Step 4 is incorrect because it shows an incorrect substitution of (1, 3) into the point-slope form.

Answers

C - took the test on edgenuity

Answer:

Step 3 is incorrect because it shows an incorrect ratio for the slope.

Step-by-step explanation:

Find the product.

-mnp(3m - 5n + 7p)

-3m + 5n^2+ 7p^2
3mnp - 5mnp + 7mnp
-3mnp + 5mnp - 7mnp
-3m^2np + 5mn^2p - 7mnp^2

Answers

-mnp(3m - 5n + 7p) =
-3m^2np + 5mn^2p - 7mnp^2 <==
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