A person invests $2,730 in an account that earns 4.2% annual interest. Find when the value of the investment reaches $5,000. If necessary, round to the nearest tenth.

Step-by-step explanation:

You want to calculate the interest on $2730 at 4.2% interest per year after 5,000 year(s).

The formula we'll use for this is the simple interest formula, or:

Where:P is the principal amount, $2730.00.

r is the interest rate, 4.2% per year, or in decimal form, 4.2/100=0.042.

t is the time involved, 5year(s) time periods.

So, t is 5year time periods.

To find the simple interest, we multiply 2730 × 0.042 × 5 to get that:

The interest is: $573.30

1,407.5 hours

step-by-step explanation:

we first convert all the time to hours and then sum them up.

there are 24 hours in 1 day, in 58 days, there are 24 x 58 = 1,392 hours.

there are 60 minutes in 1 hour, thus, 30 minutes will be equivalent to 30 / 60 = 0.5 hours.

therefore, the number of hours it will take mercury to complete a full rotation is 1,392 + 15 + 0.5 = 1,407.5 hours