2.5 years required for an investment of 5000 dollars to grow to 6000 dollars at an interest rate of 7.5 percent per year, compounded quarterly.
Step-by-step explanation:
The given is,
Initial investment - $5000
Future amount - $6000
Interest rate - 7.5% (compounded quarterly)
Step:1
Formula to calculate the Future amount with compound interest,
...................................(1)
Where, F - Future amount
P - Initial amount
r - Rate of interest
n - No. of compounding in a year
t - Time period
From given,
F = $6000
P = $5000
r = 7.5%
n = 4 (compounded quarterly)
Equation (1) becomes,



Take log on both sides,

Substitute log values,
0.07918 = 4(t) (0.0080676)
= (t) (0.0322705)
= 2.45
t ≅ 2.5 years
Result:
2.5 years required for an investment of 5000 dollars to grow to 6000 dollars at an interest rate of 7.5 percent per year, compounded quarterly.
The anwser is 526 because u have 5 hundreds and u have 6 ten thousands 2 ones
Answer:
1.) If you did 3 scoops of ice-cream and 2 cups of milk you would have 2 times the amount of milk and only 1 1/2 times the amount of ice-cream then if you did 1 cup of milk and 2 scoops of ice-cream.
(I'm not too sure about number two..)
Victoria’s printer can print 8.804 in one minute if Victoria’s prints page for 0.903 minutes,
We apply unitary method
In one minute the number of pages printed is 8.804. we need to find the number of pages for 0.903 minutes
1 minute = 8.804 pages
0.903 minutes = ? pages
We multiply 8.804 by 0.903
8.804 * 0.903 = 7.95
Number of pages printed = 7.95 pages