X=3x-2.4 because if you substract from one side you have to do it to the other
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:
8 16 24 32 <u>40</u> 48 56 64 <u>72</u>
1 2 3 4 <u>5</u> 6 7 8 <u>9</u>
Step-by-step explanation:
The proportion is 8:1
When the dollar amounts increase by 8, the hour amounts increase by 1, and vice versa. That is why it is a proportion.
Answer:
-3y/5
Step-by-step explanation:
3/5y+(-6/5y)=
Since the denominator is the same, we can add the numerators
3y - 6y
----------------
5
-3y/5
3427.68/54 could be another way
