It will take 19 years and 6 months for the account value to reach 2900 dollars
Step-by-step explanation:
Given
Principal amount = 1400 dollars
Rate = 5.5 %
Final value = A = 2900
We have to find t
So,
The formula for simple interest is:

Putting values

Dividing both sides by 0.055

Rounding off to nearest tenth
19.5 years
Hence,
It will take 19 years and 6 months for the account value to reach 2900 dollars
Keywords: Interest, simple interest
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Answer:
The theoretical probability of an event occurring is an "expected" probability based upon knowledge of the situation. It is the number of favorable outcomes to the number of possible outcomes. Example: ... There are 6 possible outcomes when rolling a die: 1, 2, 3, 4, 5, and 6. The only favorable outcome is rolling a 6.Practical domains and ranges narrow the solution sets to be realistic within defined parameters.The possible values of "x" is called the domain. The possible values of "y" is called the range.
Step-by-step explanation:
1 , 5
5
7
15
i think this is right