Answer:
The balance of account at the end of 36 years is $31,849.29
Step-by-step explanation:
We are given the following in the question:
P = $3,300
r = 6.5% = 0.065
t = 36 years
The compound interest is given by:
where A is the amount, p is the principal, r is the interest rate, t is the time in years and n is the nature of compound interest.
Since interest is compounded annualy we use n = 1
Thus, balance of account at the end of 36 years is $31,849.29
Answer:
yes
Step-by-step explanation:
Answer:
50
Step-by-step explanation:
Answer is 7950,72. You can solve it's task on calculator.
Answer:
ln(x) = 1/x... It's a basic rule of Calculus.