bubbanunnally55 bubbanunnally55
  • 11-03-2021
  • Mathematics
contestada

John invests $6750 in an account that pays 6.25% interest per year. After how many years will her
investment be worth $20,000? Show your work.
A = Pert

Respuesta :

25ajones76
25ajones76 25ajones76
  • 11-03-2021

Answer:

32 years

Step-by-step explanation:

32 years

Step-by-step explanation:

fist find how much of 6750 is 6.25%

6750 * .0625 = 421.875

then use trial and error until u get the number u want

421.875 * 10 = 4218.75 + 6750 = 1096875 NO

421.875 * 20 = 84375 + 6750 = 151875 NO

421.875 * 30 = 12656.25 + 6750 = 19406.25 NO

421.875 * 31 = 13078.125 + 6750 = 19828.125 NO

421.875 * 32 = 13500 + 6750 = 20250 YES

Answer Link

Otras preguntas

Which of the following organisms can perform alcoholic fermentation? (1) yeast, (2) humans, (3) bacteria. a. 1 and 2 b. 1 and 3 c. 1 only d. 1, 2, and 3
What is the mean of 87, 93, 86, 90, and 84?
How did scientists discover the common structure of cells?
Determine whether the sequence coverage or diverges. If it converges, give the limit. 48, 8, 4/3, 2/9, ...
Determine whether the sequence coverage or diverges. If it converges, give the limit. 48, 8, 4/3, 2/9, ...
What is biogeography and what does it provide?
What are the 3 features of a typical seigneurie
How do scientists use seismic waves to determine the interior structure of Earth?
Natalie earns $2.50 for each cd she sells and $3.50 for each dvd she sells.  Natalie sold 45 dvds last year.  She earned a total of $780 last year selling cds a
Does every point lie in a quadrant?