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
Answer:
[-5, 2]
Step-by-step explanation:
We have to find the interval for which f(x) <= 0, the interval is [-5, 2].
Answer:
let the no be x ..then,
10% of x =80,000
10x=80,000*100
x=80,00,000/10
x=8,00,000
hence 10%of 8,00,000 is 80,000
Answer:
30 degrees
Step-by-step explanation:
To figure out theta is using a bit of simple trigonometry.
2sin(theta) = 1
= sin(theta) = 0.5
Using arcsin (sin^-1) we can isolate x
x = arcsin(0.5)
x = 30
She spent $7.44 because 3.28 + 1.27 + 0.56 + 2.33 = 7.44
