Joe deposits $50,000.00 in an account that earns 8.3% simple interest. About how many years will it take for his account balance to earn $80,000.00 in interest?


Select the best answer from the choices provided.



About 5 years



About 10 years



About 20 years



About 25 years

Answers

Answer 1
t = 7.23 years (either 5 or 10, you choose)

Equation:
t = (1/r)(A/P - 1)
Calculation:
First, converting R percent to r a decimal
r = R/100 = 8.3%/100 = 0.083 per year,
then, solving our equation

t = (1/0.083)((80000/50000) - 1) = 7.23
t = 7.23 years

The time required to get
a total amount, principal plus interest, of $ 80,000.00
from simple interest on a principal of $ 50,000.00
at an interest rate of 8.3% per year
is 7.23 years (about 7 years 3 months).
Answer 2
The answer is about 5 years

Related Questions

The Sunrise Cafe gets tea bags in boxes of l,000. If the cafe charges $1.75 for each cup of tea, and each cup of tea gets one tea bag, how much money does the cafe receive if they use a whole box of 1,000 teabags? Solve with an equation.

If a box of tea bags costs $95, how much money does the cafe actually make after they have used up the box of tea and have paid for it? Solve with an equation.

Answers

Well you would do $1.75 x 1,000. That would be 1,750$.

Then you would take away that 95$ they spent buying the box of tea bags and their total would be 1,750$ - 95$ = 1,655$.

The amount received from using all the 1000 tea bags is $1750.

The amount made is $1670.

What is an expression?

An expression is a way of writing a statement with more than two variables or numbers with operations such as addition, subtraction, multiplication, and division.

Example: 2 + 3x + 4y = 7 is an expression.

We have,

Number of tea bags in one box = 1000

Charge for each cup of tea = $1.75

For each cup of tea use one tea bag.

The total amount using 1000 tea bags.

= 1000 x 1.75

= $1750

Cost of one box of tea bags = $95

The amount made.

= 1750 - 95

= $1670

Thus,

$1750 is received from using all the tea bags.

$1670 profit is made.

Learn more about expressions here:

https://brainly.com/question/3118662

#SPJ2

How much longer is 3 meters than 3 yards?

Answers

three yards = 9feet
three meters=9.84 feet
Well, 3 meters is equivalent to 3.279 yd so your answer should be 0.279 yd longer

Fin each unit rate. Determine which is lower.
Ingredient C: 1/4 cup for 2/3 serving
Ingredient D: 1/3 cup for 3/4 serving

Answers

(1/4) / (2/3) = 
1/4 * 3/2 =
3/8 (or 0.375) cups per serving

(1/3) / (3/4) = 
1/3 * 4/3 =
4/9 (or 0.444) cups per serving

the lower one is : 1/4 cup for 2/3 serving

The rate of each ingredient is required.

Rate of ingredient C is lower.

The number of cups is [tex]\dfrac{1}{4}[/tex]

The number of servings is [tex]\dfrac{2}{3}[/tex]

The rate for ingredient C is

[tex]\dfrac{\dfrac{1}{4}}{\dfrac{2}{3}}\\ =\dfrac{1}{4}\times \dfrac{3}{2}\\ =\dfrac{3}{8}=0.375\ \text{cups per serving}[/tex]

The number of cups is [tex]\dfrac{1}{3}[/tex]

The number of servings is [tex]\dfrac{3}{4}[/tex]

The rate for ingredient D is

[tex]\dfrac{\dfrac{1}{3}}{\dfrac{3}{4}}\\ =\dfrac{1}{3}\times \dfrac{4}{3}\\ =\dfrac{4}{9}=0.44\ \text{cups per serving}[/tex]

Rate of ingredient C is lower.

Learn more:

https://brainly.com/question/12228883

https://brainly.com/question/17504095

what percent is 24 of 96

Answers

24/96 is .25
Multiply this by 100 to convert to a percentage. 
The answer is 25%.

The result is 25 percent is 24 of 96.

24 is 25% of 96.

To find the percentage of 24 out of 96, you can use the following formula:

Percentage = (Part / Whole) * 100

Where:

Part is the quantity you want to find the percentage of (in this case, 24).

Whole is the total or the reference value (in this case, 96).

Let's calculate it:

Percentage = (24 / 96) * 100

Percentage = 0.25 * 100

Percentage = 25%

So, 24 is 25% of 96.

To learn more on percentage click:

brainly.com/question/13450942

#SPJ6

a taxi begins at 4,-3 it travels 3 blocks west and 5 blocks north to pick up a customer. what are the customers coordinates

Answers

1, 2

will be the customers cordinate
Final answer:

The taxi's journey and the customer's coordinates are determined by moving 3 blocks west and 5 blocks north. The final location of the customer is at coordinates 1, 2.

Explanation:

The customers' coordinates are 1, 2.

Starting at point 4, -3, the taxi moves 3 blocks west, changing its x-coordinate to 4 - 3 = 1.Then, it travels 5 blocks north, altering the y-coordinate to -3 + 5 = 2, resulting in the final position of 1, 2 for the customer's coordinates.

The price of a calculator has decreased from $200 to $150. What is the percentage of decrease?

Answers

To work out percentage change you use the following formula:
((original price - new price)/original price)x100. In this case:
((200-150)/200)x100
(50/200)x100
0.25x100
25
Therefore it is a 25% decrease.

Hope this helps :)

Answer: 25% decrease

Step-by-step explanation:

Make t the subject formula w=3t 11

Answers

w = 3t +/- 11
+/- 11
w +/- 11 = 3t
÷ 3
(w +/- 11)/3 = t
I know this looks confusing with the "+/-" but I can't see the symbol in between the 3t and the 11, so if it's + then subtract from w, and if it's - then add to w. Hope this helps!

Answer:

[tex]t=\sqrt[11]{\frac{w}{3} }[/tex]

Step-by-step explanation:

Hello, I think I can help you with this

Let's remember a few properties of the form x^n

[tex]x^{n} \\x^{m} *x^{n} =x^{m+n}\\\sqrt[n]{x} =x^{\frac{1}{n }}\\(x^{m} )^{n} =x^{m*n}[/tex]

Step 1

Let

[tex]w=3t^{11}\\\frac{w}{3} =\frac{3t^{11} }{3} \\\frac{w}{3} =t^{11}[/tex]

divide each side by 3

Step 2

take each side and take the eleventh root

[tex]\frac{w}{3} =t^{11} \\\sqrt[11]{\frac{w}{3} }=\sqrt[11]{t^{11}}\\\sqrt[11]{\frac{w}{3} } =(t^{11}) ^{\frac{1}{11} }\\ \sqrt[11]{\frac{w}{3} }=t\\t=\sqrt[11]{\frac{w}{3} }[/tex]

Have a great day

a gazelle can jump over a hundred five feet in a single jump how many yards is that

Answers

the answer is 4 yards
You would do 500 ÷ 3 because 3 ft = 1 yard. So, 500 ÷ 3 = 166.6666... Btw, if u have a repeating decimal, just put a line over the first 2 numbers after the decimal. Hoped this helped you!

A particular amusement park ride will make 156 revolution in 180 seconds. At this rate, how many revolutions will it make in 2 minutes?

Answers

106 per minute or 60 seconds

write to wxplain how you can use an array to break apart 18×12 to find the product and check if the product is reasonable

Answers

Write to explain how you can use an array to break apart 18×12 to find the product and check if the product is reasonable is answer is 216

I need to draw a picture to show 26 divided by3

Answers

Well...26 doesn't really go into 3 evenly. 26 divided by 3 is 8.66666666667. So therefore , you have to round it. It'll be 8.7 You could Have three squares or whatever shape. than .7 of a shape. 
Here first draw a rectangle now put 26 inside and 3 beside it. Now divide it you answer ( if you are in forth grade is 8R2

What pattern do you notice in the fractions that are equivalent to 1? Following this pattern how would you represent ninths as one whole

Answers

the numerator is always the same as the denominator
The numerator and denominator are the same

Randall collects postcards that his friends sent him when they travel. He can put 6 cards on one scrapbook page. How many pages does Randall need to fit 42 postcards?

Answers

7 pages , i would think that would be the answer :)
He will need 6 pages I Believe

john and george raked 7/8 of the yard john raked 3/4 of the amount what part of the yard did george rake

Answers

This is a subtraction problem so subtract 3/4 from 7/8 (7/8 - 3/4). First you have to make them both have the least common denominator. That is 8. So multiply both the numerator and denominator or 3/4 by 2. 3 x 2= 6 and 4 x 2= 8. New fraction is 6/8. Now solve problem again with new fraction. 7/8 - 6/8= 1/8. Your answer is 1/8

there are eight lions, four tigers , give cheetahs, six giraffes, seven hippos , and 78 monkeys . if each of the four zookeepers feed the same number of animals, how many animals does each zookeeper feed ?

Answers

the answer would be they each feed 27 animals and if u ave to work it out her you go.
8+4=
12+5=
17+6=
23+7=
30+78
=108
then divided 4/108 it gives you 27
I think it might be 103

rewrite the interval 11-20 using inequalities

Answers

Written like in the picture

The function f(x)=2x−5 is a linear function. Let g(x) represent f(x) after a horizontal translation 3 units to the right.

What is the equation for g(x)?



Enter the answer in the box.

g(x)=____

Answers

gx= 2x-2

Shall be the new parallel equation

Answer:

The equation for g(x) after a horizontal translation 3 units to the right of f(x) is 2x-11.

Step-by-step explanation:

If y = f(x), then y = f(x-h) gives a horizontal translation which results in a graph that is equivalent to shifting the base graph left or right in the direction of the x-axis.

Given linear function f(x) = 2x−5

g(x) represent f(x) after a horizontal translation 3 units to the right that is

g(x) = 2(x-3)-5

g(x) = 2x-6-5

g(x)= 2x-11

The graph plot below shows the horizontal translation of the function f(x) 3 units to the right.

Thus, the equation for g(x) after a horizontal translation 3 units to the right of f(x) is 2x-11.

A sticker costs 15 cents and a packet of 8 similar stickers cost $1. Clement buys 37 stickers. What is the least amount of money that Clement spends on stickers

URGENT PLZ HELP

Answers

8 x 4 = 32 stickers (you still need 5) 4 packs x 1.00 = 4.00
plus
.15 x 5 = .75
total $4.75

Clement should buy 4 packets of 8 stickers and 5 individual stickers to minimize cost, spending a total of $4.75.

The student asked how much money Clement will spend on 37 stickers given the individual sticker price and the packet price. We can calculate the least amount of money Clement can spend by determining the number of packets and individual stickers he should buy.

The price of one sticker is $0.15, and a packet of 8 stickers costs $1.00. To get the best value, Clement should buy as many packets as possible. Since 37 is not divisible by 8, the closest multiple of 8 is 32 (which is 8 stickers in 4 packets), so he will buy 4 packets and then 5 additional individual stickers.

The cost of 4 packets is 4 packets times $1.00/packet = $4.00.

The cost of 5 individual stickers is 5 stickers times $0.15/sticker = $0.75.

The least amount Clement will spend on 37 stickers is the total cost of packets plus individual stickers, which is $4.00 + $0.75 = $4.75.

Nicholas bought 5 pens for $3 at this rate how much will he spend on 10 pens?

Answers

he will buy 15 pens for $9 he will have $1 left
Okay so, let's analyze the question first.

We're looking for the cost of the 10 pens that Nicholas bought, right? If he bought 5 for $3, how much do you think the 10 pens will cost?

If you multiply 3 by 2, because he'll buy twice as much as he bought the first time, it'll equal 6.

So..

5 pens = $3
10 pens = $6

If he buys 15, 20, or 25 pens, it'll equal..

5 pens = $3
10 pens = $6
15 pens = $9
20 pens = $12
25 pens = $15

We're basically counting off by 3 to know the cost. I hope this helps!

Cuanto es 7 dividido 2

Answers

Answer = 3.5 thanks for asking I love helping
7 divided by 2 is 3.5

If 3/4 gallon of paint covers 1/3 of the wall, then how much paint is needed for the entire wall?

Answers

3/4=1/3 of all
times 3 both sides
9/4=3/3 of all
9/4=all

need 9/4 gallons or 2 and 1/4 gallons

The paint needed for the entire wall is 9/4 gallons.

Given:

The 3/4 gallons of paint are required to cover 1/3 portion of the wall.

To find:

The paint needed for the entire wall.

Solution:

The volume of the paint required to cover 1/3 portion of wall = 3/4

The volume of paint required to cover the entire wall:

[tex]=\frac{3}{4}\times \frac{3}{1}\\\\=\frac{9}{4} gallon[/tex]

The paint needed for the entire wall is 9/4 gallons.

Learn more about the unitary method here:

brainly.com/question/20065206?referrer=searchResults

brainly.com/question/24587372

what is y x 6 for y =2/3

Answers

2/3×6= 4 just use substitution
your answer is 4
Why? well because
you just multiply the numerator and that equals 12/3
then you divide 12 by 3 and that equals 4.
Hope I had helped.

Solve the quadratic equation
3x2 - 14x - 5 = 0
(the 2 is meant to be squared)
A) x = -3, and x = 5
B) x = 3, and x = -5
Eliminate
C) x = -
1
3
, and x = 5
D) x =
1
3
, and x = -5


(and the spaces between the numbers at the bottom of the choices r numbers)
PLS HELP
PLS!!

Answers

3x^2-14x-5=0
3x^2-15x+x-5=0
3x(x-5)+1(x-5)
x= -1/3, 5
ans is C

A fruit drink company tested a new flavor.In a test 22% of the people taking part liked the new flavor. If 33 people liked the new flavor, how many people took the test

Answers

33 people divided by .22
150 people took the test

You float 2000 feet along a lazy river water ride. The ride takes less than 10 minutes. Give two examples of possible times and speeds.

Answers

200 ft/m or every minute there is 200 ft traveled.

Answer:

The speed can be expressed like less than 200 feet per minutes.The speed would be 222.22 feet per minute or less.

Step-by-step explanation:

We know that the distance traveled is

[tex]d=2000ft[/tex]

The time that took to travel this distance is

[tex]t<10min[/tex]

This means that the time could be 9 minutes, 8 minutes, 7 minutes. It can be a number between 0 and 10.

The speed is defined as

[tex]s=\frac{d}{t}[/tex]

Replacing all values, we have

[tex]s=\frac{2000ft}{10min}= 200 ft/min[/tex]

Therefore, the speed can be expressed like less than 200 feet per minutes.

Another possible example is using a time of 9 minutes

[tex]s=\frac{2000ft}{9min}= 222.22 ft/min[/tex]

In this case, the speed would be 222.22 feet per minute or less. Notice that this time the speed is not "less than", we have to include a equality relation, because we already used a time that's inside the interval of time given by the problem.

how many 1/4 teaspoon doses are in 7/8 teaspoon of medicine

Answers

It is about 3.5 doses

The Siberian tiger can grow up to 10 4/5 feet long. Express this length as decimal

Answers

The correct answer is 10.8 feet

The city of Jasper has a water tower that holds 1,325,000 gallons of water. Express this number in scientific notation.

A)
1.325 x 10 to the -6th power


B)
1.325 x 10 to the 6th power

C)
13.25 x 10 to the 5th power


D)
132.5 x 10 to the 4th power

Answers

The answer is B) 1.325 x 10^6
1.325 x 10^6. B is the correct option.

Lea walked 1/2 miles in 1/3 hours. How long will it take Lea to walk 21/4 miles?

Answers

1/3÷1/2=2/3
2/3×21/4=7/2
it will take her 3.5 hours
21/4 * 1/3  /  1/2
= 21/12  / 1/2
= 21/12 * 2
= 21/6
= 3 3/6
= 3 1/2

Examine the graph.

Select EACH interval where the graph is decreasing.

A) -4 < x < -2

B) 2 < x < 3

C) -1 < x < 1

D) 3 < x < 4


Answers

A) -4 < x < -2
B) 2 < x < 3
D) 3 < x < 4

They, all are the answers except C.
Here, we can see the graph is decreasing at that instances. so, that is your answer!

Hope this helps!

According to the graph, the function is decreasing on these following intervals:

A) -4 < x < -2  B) 2 < x < 3D) 3 < x < 4

On a graph:

On intervals in which the function points upwards, it is increasing.On intervals in which the function points downwards, it is decreasing.

In this problem, for options A, B and D, the function points downwards over the entire intervals, hence it is decreasing, and these options are correct.

A similar problem is given at https://brainly.com/question/24294701

Other Questions
The gadsden purchase allowed a direct railroad line across the southern territory. true false Translate the following sentence into an equation: The sum of 23 and Victors height is 61. Use the variable v to represent Victors Height. Thank you!!! why woould you use the associative property of multiplication to solve (104) 2? how would you you regroup the factors? Kalon has $175 and needs to save at least $700 for a new computer. If he can save $35 per week, what is the minimum number of weeks Kalon will need to save to reach his goal?A.10 weeksB.12 weeksC.15 weeksD.20 weeks In 1992, jason bought a gallon of gas for $1.23. yesterday, he bought a gallon of gas for $2.19. what is the percentage increase of the price of a gallon of gas from 1992 to yesterday? if necessary, round to the nearest tenth of a percent. How were the Black Codes related to the passage of the Thirteenth AmendmentA. After the Thirteenth Amendment banned slavery, Black Codes were created to restrict the rights of African Americans.B. Southern landowners were exempt from obeying the Thirteenth Amendment as a result of Black Codes.C.The Thirteenth Amendment banned slavery, so African Americans in the South were no longer affected by Black Codes.D. Black Codes called for the end of slavery prior to passage of the Thirteenth Amendment. You measure a piece of rope and find its length to be 13 m. Find the percent error of this measurement. Select the sentence that correctly uses commas in a non-restrictive phrase.AA river, that is polluted, is unsafe for swimming.BPolluted rivers, which can exist anywhere, are unsafe for swimming.CWhen a river becomes polluted, it is no longer safe for swimming.D However, rivers sometimes become polluted when nearby farms use too many poisons. What about the narrator in "top of the food chain helps advance the story's theme about careless decision making? Memorization strategies can include For each function, what is the output of the given input?For f(x) = 4x+7, find f(4) How can i gain 10pounds? ABC has vertices A(0,6) B(4,6) C(1,3). Sketch a graph of ABC and use it to find the orthocenter of ABC. Then list the steps you took to find the orthocenter including any necessary points or slopes you had to derive. Which structure is labeled X in the diagram below?A.nucleic acidB.lipid envelopeC.protein tailD.capsid protein Marge has 4 more than 2 times as many books as Susan. If Marge has 22 books and x is the number of books that Susan has, the relationship can be written as 4 + 2x = 22. How many books does Susan have?891011 where did anabaptist originate from? One of the main goals of Christian humanism was to reform which of the following?EUROPE IN THE RENAISSANCE AND REFORMATIONa. The Holy Roman Empireb. The Crusader statesc. The Christian Churchd. Italian bankers Match the following types of nervous systems with their functions.1.central2.peripheral3.somatic4.autonomic5.sympathetic6.parasympatheticsensory and motor nerves running to and from the CNSmain interpretation and processing centerrelaxing responsescontrols voluntary responsescontrols automatic responsesfight-or-flight responses PLEASE HELP ME The Southern side suffered which of the following as a consequence of the battle Fort Sumter?A. Lincoln called for 75,000 volunteers to enlist.B. Lincoln used judicial procedures to uphold the Union.C. Lee joined the Southern army as ALL slave holding states seceded.D. Lee joined the Southern army as all but 4 slave holding states seceded. If gas in a sealed container has a pressure of 50 kPa at 300 K, what will the pressure be if the temperature rises to 360 K? Steam Workshop Downloader