When Colby was born, his parents invested $1,000 in a fund that paid an

annual interest of 8%. How old will Colby be when the investment is worth

at least $4,000?

Answers

Answer 1

Given :

When Colby was born, his parents invested $1,000 in a fund that paid an

annual interest of 8%.

To Find :

How old will Colby be when the investment is worth  at least $4,000 .

Solution :

Let, time taken is x years.

So, the formula is :

[tex]P = A_o + \dfrac{A_o \times r\times t}{100}\\\\4000 = 1000 + \dfrac{1000\times 8\times t}{100} \\\\80t = 3000\\\\t = \dfrac{3000}{80} \ years\\\\t = 37.5\ years[/tex]

Therefore, Colby will be 37.5 years old.

Answer 2

The age of Colby will be [tex]37.5[/tex] years.

Simple interest :

The amount after t years is given by,

                            [tex]A=P+(\frac{P*r*t}{100} )[/tex]

Where P is principal, r is rate and t is time in years.

Given that, [tex]A=4000,P=1000,r=8\%[/tex]

Substitute values in above equations.

                    [tex]4000=1000+\frac{1000*8*t}{100} \\\\\frac{1000*8*t}{100}=3000\\\\t=37.5years[/tex]

Learn more about the investment here:

https://brainly.com/question/25300925


Related Questions

Given that, 1 Turkish lira = £0.17, convert £312 into Turkish lira. Give your answer to the nearest lira.

Answers

Answer:

£53

Step-by-step explanation:

According to the scenario, the computation of the given data are as follows,

1 turkish Lira = £0.17

Now convert £312 into turkish lira

So it can be calculated below:

= £0.17 × £312

= £53.04

After converting into turkish lira, it is £53

What is the greatest common factor of 26 and 34?

Answers

Answer:

Answer is

2

Step-by-step explanation:

Which statement describes the congruent triangles?
Z
Y
W
Х
AWXZ AYZX
AWXZ: AYXZ
AWXZ=AXYZ
AWXZ=AZYX

Answers

Answer:

it has to be b or c

Step-by-step explanation:

What is the lenth of EG

Answers

x = 78 + 10 = 88

So the lenght of EG is 88

Answer:

Step-by-step explanation

Multiply 54 + 24 and take the square root of both numbers

what is the slope of the line
2x+12y-192

Answers

Answer:

-1/6

Step-by-step explanation:

To get the slope we need the equation in the form y=mx+c, and m is the slope.

2x+12y=192

12y = -2x + 192

y = -2/12 x + 16

-2/12 is the slope but this can be simplified to -1/6

which ratio does not represent the slope of a line​

Answers

Answer:

more info please

Step-by-step explanation:

translate the phrase twice m increased by 2 is equal to 7 more then m
pls show your work plss
thx
A. m/2 + 2 = 7 + m
B. 2m + 2 = 7 + m
C. 2m + 2 = m + 7
D. 2m * 2 = m + 7

Answers

The answer to this question is B

Lisa buys 0.56 pound of pasta. marlana buys 0.27 pound of pasta. how much do they buy in all?​

Answers

Answer:

0000000000000000000000.83 pounds

They buy 0.83 ponds of pasta in all.

1
0.56
+ 0.27
————-
0.83

A summer camp cookout is planned for the campers and their families. There is room for 200 people. Each adult costs 4, and each camper costs4,and each camper costs3. There is a maximum budget of $750. Write the system of inequalities to represent this real-world scenario, where x is the number of adults and y is the number of campers.
A. \begin{gathered}x + y \leqslant 200 \\ 4x + 3y \leqslant 750\end{gathered}x+y⩽2004x+3y⩽750​
B. \begin{gathered}x + y \leqslant 750 \\ 4x + 3y \leqslant 200\end{gathered}x+y⩽7504x+3y⩽200​
C. \begin{gathered}x + y \leqslant 200 \\ 3x + 4y \leqslant 750\end{gathered}x+y⩽2003x+4y⩽750​
D. \begin{gathered} x + y \leqslant 750 \\ 3x + 4y \leqslant 200\end{gathered}x+y⩽7503x+4y⩽200​

Answers

Answer:

Option A

The system of inequalities

x + y ≤ 200

4x + 3y ≤ 750

Step-by-step explanation:

Let the

Number of Adults = x

Number of campers = y

A summer camp cookout is planned for the campers and their families.

There is room for 200 people.

x + y ≤ 200

Each adult costs $4, and and each camper costs $3. There is a maximum budget of $750.

Maximum means the total cost is equal to or less than $750

$4 × x + $3 × y ≤ $750

4x + 3y ≤ 750

The system of inequalities

x + y ≤ 200

4x + 3y ≤ 750

Option A is correct

SYSTEMS OF EQUATIONS- How many solutions?

y = 5x - 10
y = 10 + x
O one solution
O no solution
O many solutions

Answers

Answer:

0ne solution;  x = 5

Step-by-step explanation:

if y equals both 5x - 10 and 10 + x then you can do the following:

5x - 10 = 10 + x

4x = 20

x = 5

one more lol sprry for a lot of post

Answers

Answer:

A

Step-by-step explanation:

Complete the table by finding the values of y if y = −2x + 1.
Need ASAP!!! Please and thank you.

Answers

Answer:

1. 5

2.1

3.-1

4.-3

Step-by-step explanation:

Hope this helps :)

The expression above can also be written in the form
Will mark brainliest!!!!! Please help

Answers

Answer:

but its somwere in 67

Step-by-step explanation:

Answer:

Have a great rest of ur day

Step-by-step explanation:

Pleaseee help me out!
In the triangle shown, what is the length of the hypotenuse?

Answers

Step-by-step explanation:

the answer is

[tex] \sqrt{136} [/tex]

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

if it feels wrong

be free to correct ....

Simplify cot^2 x sec^2 x

Answers

Answer:

csc²x

Step-by-step explanation:

cot^2(x)sec^2(x)

~Rewrite

1/cos²x * cos²x/sin²x

~Multiply

cos²x/cos²xsin²x

~Cancel out

1/sin²x

~Rewrite using trig identity

csc²x

Best of Luck!

Which set of statements would describe a parallelogram that can always be classified as a rhombus?

I. Diagonals are perpendicular bisectors of each other
II. Diagonals bisect the angles from which they are drawn
III. Diagonals form four congruent isosceles right triangles

Answers

The correct answer is (4) I, II, and III.

-7/10 or -0.81 which is greater

Answers

Answer:

-0.81 one is greater

Step-by-step explanation:

-7/10 > -0.81 because the lower the number the closer it is to 0 and zero is greater than both values.

the equation of line L is y=5x+1

Answers

Consider the complete question is "The equation of the line [tex]L_1[/tex] is y=5x+1 and the equation of line [tex]L_2[/tex] is 2y-10x+3=0. How can you show that these two lines are parallel?"

Given:

Equation of [tex]L_1[/tex] is [tex]y=5x+1[/tex].

Equation of [tex]L_2[/tex] is [tex]2y-10x+3=0[/tex].

To show:

The these line as parallel.

Solution:

We have,

[tex]y=5x+1[/tex]        ...(i)

[tex]2y-10x+3=0[/tex]      ...(ii)

Equation (ii) can be written as

[tex]2y=10x-3[/tex]

[tex]y=\dfrac{10x-3}{2}[/tex]

[tex]y=\dfrac{10x}{2}-\dfrac{3}{2}[/tex]

[tex]y=5x-\dfrac{3}{2}[/tex]           ...(iii)

Slope intercept form of a line is

[tex]y=mx+b[/tex]          ...(iv)

where, m is slope and b is y-intercept.

On comparing (i) with (iv), we get slope of line [tex]L_1[/tex].

[tex]m_1=5[/tex]

On comparing (iii) with (iv), we get slope of line [tex]L_2[/tex].

[tex]m_2=5[/tex]

Since, [tex]m_1=m_2[/tex], therefore, lines [tex]L_1[/tex] and [tex]L_2[/tex] and parallel because slope of two parallel lines are always equal.

Hence proved.

The price per night of a hotel room is $ 250.00 plus $15 per person staying in the room. Which function rule would be used to determine the price of a hotel room, p (x) given the number of people, x, staying in the room.

Answers

The equation is 250+15x is that's what your asking

Spearhead Toy company hired 70 people this year. They have hired 10% more employees this year than last year. How many employees have been hired this year?

Answers

Answer:

63 employees.

Step-by-step explanation:

Spearhead Toy company hired 70 people this year.They have hired 10% more employees this year than last year.

To find the number of employees highered last year;

110% of employees represent 70

100% of the employees will represent;

Cross-multiplying gives;

[tex]\frac{100 * 70}{110} = 63.6[/tex]

To be realistic, 63 employees were highered last year.

write an expression where h is doubled then increased by 20%

Answers

2h*0.2

2h is h doubled

20% becomes 0.2

A number, rounded to 2 decimal places, is equal to 3.84.
Write down the lower and upper bounds of the number.

Answers

Answer:

Lower bound = 3.835

Upper bound = 3.844

Step-by-step explanation:

Given,

A number rounded to 2 decimal place = 3.84

In other to obtain the least and greatest number, we are mostly concerned about the third digit after the decimal point.

Knowing that numbers 5 and above are rounded to 1 while numbers below 5 are rounded to Zero.

Hence, the lower bound should have its original hundredth value as (4 - 1) such that it becomes 4 when the thousandth value is rounded to 1.

Lower bound = 3.835

The upper bound should have its thousandth value as one which is rounded to Zero, just a point below 5

Upper bound = 3.844

ASAP SOLVE THE SLOPE

Answers

The slope is one half. You can get this by seeing that the x intercept is -8 and the y intercept is four, meaning rise = 4 run = 8, and because to calculate slope is rise/run, 4/8 = 1/2

Write a short free verse poem describing the panda bear in the image.

Answers

Panda bear, you sit looking at me.
Scratching your armpit, coping me.
We look into each others eyes.
Who knew love at first sight was really true.
I love you panda bear, cant you see.
Were truly ment to be.

Answer:

Its another day at the zoo

As people take photos of me

No wonder their crazy

I am just eating

My  delicious great  bamboo!

8 + (-10) just confused lol

Answers

8+(-10) is like 10-8 except backwards so how i do some problems is like that and then add a negative sign; so say if i were doing 8+(-10), i would do 10-8 which equals 2 and then since 10 is bigger than 8 and it’s a negative number, i would put -2 as my answer

If Jared wanted to buy a t-shirt, how much would it cost him if he also had to pay a seven percent sales tax?

Answers

Answer:

it depends how much the shirt is too.

What dvision problem can be represented using the number line?
A) 10/3 divided by 5/3. B) 5/3 divided by 10/3. C)2 divided by 5/3. D)2 divided by 10/3

Answers

Answer:

C

Step-by-step explanation:

6x + 10 = - 2y
y=mx+b

Answers

Answer:

y = -3x - 5

Step-by-step explanation:

-2y = 6x + 10

divide both sides by -2

y = -3x - 5

help me asap plssssssss

Answers

Answer:

Step-by-step explanation:

12 + 4c + c = c + 4

12 + 5c = c + 4

12 + 4c = 4

4c = -8

c =-2

1. You get a student loan from the New Mexico Educational Assistance Foundation to pay for your educational expenses this year. Find the interest on the loan if you borrowed ₱2 000 at 8% for 1 year. ​

Answers

Answer:

$160

Step-by-step explanation:

Step one:

given data

Principal = $2000

rate= 8%

time t= 1 year

Required

The Simple interest paid after 1 year

Step two:

Simple interest = PRT/100

Simple interest = 2000*8*1/100

Simple interest = 16000/100

Simple interest =$160

The simple interest paid after 1 year is $160

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