
Concept explainers
Find the time required for Santos` investment to reach $2500.

Answer to Problem 18HP
Time required for Santos` investment to reach $2500 is 9.2 years.
Explanation of Solution
Given:
Santos invested $1200 into an account with an interest rate of 8% compounded monthly. Use a calculator to approximate how long it will take for Santos` investment to reach $2500.
Concept Used:
The compound interest formula:
Where A is the amount after t years, and P is the initial principal balance, r is the interest rate, n is the number of times interest is compound per time period and t is the number of time periods.
Calculation:
The compound interest formula:
Where A is the amount after t years, and P is the initial principal balance, r is the interest rate, n is the number of times interest is compound per time period and t is the number of time periods.
In this question:
Now using calculator,
Thus, time required for Santos` investment to reach $2500 is 9.2 years.
Chapter 9 Solutions
Algebra 1
Additional Math Textbook Solutions
Basic Business Statistics, Student Value Edition
Pre-Algebra Student Edition
Using and Understanding Mathematics: A Quantitative Reasoning Approach (6th Edition)
A First Course in Probability (10th Edition)
Introductory Statistics
Calculus: Early Transcendentals (2nd Edition)
- 1. vector projection. Assume, ER1001 and you know the following: ||||=4, 7=-0.5.7. For each of the following, explicitly compute the value. འབ (a) (b) (c) (d) answer. Explicitly compute ||y7||. Explain your answer. Explicitly compute the cosine similarity of and y. Explain your Explicitly compute (x, y). Explain your answer. Find the projection of onto y and the projection of onto .arrow_forward2. Answer the following questions using vectors u and v. --0-0-0 = find the the cosine similarity and the angle between u and v. འརྒྱ (a) (b) find the scalar projection of u onto v. (c) find the projection of u onto v. (d) (e) (f) find the scalar projection of onto u. find the projection of u onto u. find the projection of u onto and the projection of onto . (Hint: find the inner product and verify the orthogonality)arrow_forwardPlease type out answerarrow_forward
- The function f(x) = log x is transformed to produce g(x) = log (x) – 3. Identify the type of transformation and describe the change. Please type out answerarrow_forwardEach graph below is the graph of a system of three linear equations in three unknowns of the form Ax = b. Determine whether each system has a solution and, if it does, the number of free variables. A. O free variables ✓ B. no solution C. no solution D. no solution E. 1 free variable F. 1 free variablearrow_forwardSolve the following systems of equations and show all work.y = x2 + 3y = x + 5 Please type out answerarrow_forward
- Solve the following system of equations. Show all work and solutions.y = 2x2 + 6x + 1y = −4x2 + 1 Please type out answerarrow_forwardDalia buys 20 collectible gems per month. Grace sells 10 gems from her collection of 120 each month. When will Dalia have more gems than Grace? Show your work. Dear Student If You Face any issue let me know i will solve your all doubt. I will provide solution again in more detail systematic and organized way. I would also like my last 3 questions credited to mearrow_forwardDalia buys 20 collectible gems per month. Grace sells 10 gems from her collection of 120 each month. When will Dalia have more gems than Grace? Show your work.arrow_forward
- Algebra and Trigonometry (6th Edition)AlgebraISBN:9780134463216Author:Robert F. BlitzerPublisher:PEARSONContemporary Abstract AlgebraAlgebraISBN:9781305657960Author:Joseph GallianPublisher:Cengage LearningLinear Algebra: A Modern IntroductionAlgebraISBN:9781285463247Author:David PoolePublisher:Cengage Learning
- Algebra And Trigonometry (11th Edition)AlgebraISBN:9780135163078Author:Michael SullivanPublisher:PEARSONIntroduction to Linear Algebra, Fifth EditionAlgebraISBN:9780980232776Author:Gilbert StrangPublisher:Wellesley-Cambridge PressCollege Algebra (Collegiate Math)AlgebraISBN:9780077836344Author:Julie Miller, Donna GerkenPublisher:McGraw-Hill Education





