The future value (A) of a one-time investment of principal amount P at interest rate r compounded n times per year for t years is ...
... A = P(1 +r/n)^(nt)
Putting your given numbers into the formula, we have
... 876.34 = 300(1 +.06/4)^(4t)
Taking logarithms, this becomes the linear equation
... log(876.34) = log(300) + 4t·log(1.015)
Solving for t in the usual way, we get
... log(876.34) -log(300) = 4t·log(1.015) . . . . . . . subtract the constant term on the right
... (log(876.34) -log(300))/(4·log(1.015)) = t ≈ 18.00 . . . . divide by the coefficient of t
It will take <em>18 years</em> for the $300 CD to reach a value of $876.34.
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Answer:
A length=24ft, width=15ft
Step-by-step explanation:
the side AB have x values of 5 and the side with CD have x values of 10 so the width from b to d or a to c is 5 so the width of the drawing is 5cm
the bottom side AC has y values of 8 and the top side BD has y values of 16 so they are 8 apart so the length of the rectangular drawing is 8cm
then the scale says that 1 cm = 3 ft so multiply the length and width each by 3 to get the answer that the length of the sail is 24ft and the width is 15ft
Hope this helps! :)
Wow you are doing great sweetie keep up the good work but the answer is 7-1+510
I believe the answer would be a.
