The formula is
A=p (1+r/k)^kt
A future value 3000
P present value 150
R interest rate 0.025
T time?
3000=150 (1+0.025/12)^12t
Solve for t
3000/150=(1+0.025/12)^12t
Take the log
Log (3000/150)=log (1+0.025/12)×12t
12t=Log (3000/150)÷log (1+0.025/12)
T=(log(3,000÷150)÷log(1+0.025÷12))÷12
T=119.95 years
The answer is a hope it helps
A horse can run 1 3/8 of a mile in 1 3/5 minute. How long does it take the horse to run 1 mile?
So what i would personally do first is convert the fractions into decimals.
1 3/8= 11/8= 1.375 of a mile
1 3/5= 8/5 =1.6 of a minute
Now we find the rate of change
I
I don't understand your question, what exactly am I calculating here if there are no digits? Please elaborate. Thank you
