jxcxhxwxll
11.03.2021 •
Mathematics
7
Carly has a bank account with a balance of $3,575. The account pays simple interest at a rate of
4.15%. How long will it take for the account to grow to $7000? Round to the nearest year.
Solved
Show answers
More tips
- H Health and Medicine How to Treat the Flu: A Comprehensive Guide...
- O Other What is a Disk Emulsifier and How Does it Work?...
- H Health and Medicine How to Calm Your Nerves? Expert Tips That Actually Work...
- A Animals and plants 5 Tips for Taking Care of Yews to Keep Them Green and Beautiful...
- S Sport How to wrap boxing hand wraps? Everything you need to know!...
- F Food and Cooking 10 Reasons Why You Should Avoid Giving Re-Gifts: An Informative Guide...
- F Family and Home Tender Care for Your Parquet: Is it Possible to Clean Parquet?...
- S Style and Beauty How Are Eyelash Extensions Applied? All Your Questions Answered...
- F Food and Cooking 10 Tips for Proper Sushi Consumption...
- S Style and Beauty Learn how to tie a keffiyeh on your head like a pro...
Answers on questions: Mathematics
- M Mathematics -4 (5x - 7) = -18 I need the answer and explination for this please...
- M Mathematics If f(x) = 2(6), then (-2) = ?...
- M Mathematics A certain strain of bacteria doubles every hour. Initially, there were 3 bacteria present. How many bacteria would there be after 18 hours ?...
- M Mathematics Write the standard form of the line that contains a slope of -3/2 and y-intercept of 6....
- M Mathematics HELP ASAP PLEASE Figure EFGH on the grid below represents a trapezoidal plate at its starting position on a rotating surface. The plate is rotated 90° about the origin in...
- M Mathematics SMART PPL PLEASE help meeeeeeeeeeeeeee...
- M Mathematics Write the following in standard form -8.041x10^-6 GIVING BRAINLIEST PLEASE HELPP!...
- M Mathematics How do i solve X^56 x X^14...
- M Mathematics I need help ASAP ❤️❤️...
- M Mathematics Find the x-intercept and y-intercept of the equation: y = -2x + 6...
Ответ:
It will take 23 years for the account to grow to $7000.
Step-by-step explanation:
Simple Interest
The simple interest formula is given by:
In which E is the amount of interest earned, P is the principal(the initial amount of money), I is the interest rate(yearly, as a decimal) and t is the time.
After t years, the total amount of money is:
Carly has a bank account with a balance of $3,575.
This means that
The account pays simple interest at a rate of 4.15%.
This means that
How long will it take for the account to grow to $7000?
The interest is:
Now we have to find t.
Rounding to the nearest year, it will take 23 years for the account to grow to $7000.
Ответ: