Math

AlgebraQ&A LibraryIf $8,000 is invested at 6% per year compounded monthly, the future value S at any time t (in months) is given by S = 8,000(1.005)t. (a) What is the amount after 1 year? (Round your answer to two decimal places.)$ (b) How long before the investment doubles? (Round your answer to one decimal place.) monthsQuestion

If $8,000 is invested at 6% per year compounded monthly, the future value *S* at any time *t* (in months) is given by *S* = 8,000(1.005)^{t}.

(a) What is the amount after 1 year? (Round your answer to two decimal places.)

$

(b) How long before the investment doubles? (Round your answer to one decimal place.)

months

$

(b) How long before the investment doubles? (Round your answer to one decimal place.)

months

1 Rating

Find answers to questions asked by student like you

Q: The width of a rectangular cardboard is 10 inches longer than its width. Squares of 2 inches on a si...

A: Let the width of the rectangular cardboard be ‘a’.According to the question, the length is 10 inches...

Q: 3. Determine the volume and the surface area of the three-dimensional figure. Use the key on your ca...

A: Diameter = 6 cm So, radius = 3 cm

Q: F(x)=x4+13x2+36

A: To factorizie the given polynomial of 4th degree

Q: Recognize the relationship between the solutions of an equation and its graph Question 2 is shown be...

A: Given:

Q: You have a wire that is 80 cm long. You wish to cut it into two pieces. One piece will be bent into ...

A: It is given that the wire is 80 cm long.Let 2πx be the circumference of the circle.

Q: A railroad crew can lay 6 miles of track each day. They need to lay 168 miles of track. The length, ...

A: According to the given information,

Q: Find the domain and the vertical and horizontal asymptotes 5 f(x) 22 Domain: Vertical asymptote(s): ...

A: The function is given by,

Q: If g(t)= -9t3, evaluate g(1/3t) g(1/3t)=?

A: Click to see the answer

Q: I need help with number 42

A: Given,