The time required to get a total amount of $13,200.00 with compounded interest on a principal of $7,000.00 at an interest rate of 5.5% per year and compounded 12 times per year is 11.559 years. (about 11 years 7 months)
Answer:
t = 11.559 years
<h3>Compound Interest </h3>
Given Data
(about 11 years 7 months)
Calculation Steps:
First, convert R as a percent to r as a decimal
r = R/100
r = 5.5/100
r = 0.055 per year,
Then, solve the equation for t
t = ln(A/P) / n[ln(1 + r/n)]
t = ln(13,200.00/7,000.00) / ( 12 × [ln(1 + 0.055/12)] )
t = ln(13,200.00/7,000.00) / ( 12 × [ln(1 + 0.0045833333333333)] )
t = 11.559 years
Learn more about compound interest here:
brainly.com/question/24924853
X-1/2=-1/2
X= -1/2+1/2
X= 0
Answer:
Step-by-step explanation:
Find the least common denominator or LCM of the two denominators. LCM of 4 and 15 is 60. 4x15= 60 34=3x154x15=4560 3/4 is bigger
You don't have the graph icon here, so we'll have to graph this parabola without it.
Your parabola is y = -x^2 + 3., which resembles y = a(x-h)^2 + k. We can tell immediately that this parabola opens down and that the vertex is (0,3).
Plot (0,3). Besides being the vertex, this point is also the max. of the function.
Now calculate four more points. Choose four arbitrary x-values, such as {-2, 1, 4, 5} and find the y value for each one. Plot the resulting four points. Draw a smooth curve thru them, remembering (again) that the vertex is at (0,3) and that the parabola opens down.
