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
Complete question :
Suppose that of the 300 seniors who graduated from Schwarzchild High School last spring, some have jobs, some are attending college, and some are doing both. The following Venn diagram shows the number of graduates in each category. What is the probability that a randomly selected graduate has a job if he or she is attending college? Give your answer as a decimal precise to two decimal places.
What is the probability that a randomly selected graduate attends college if he or she has a job? Give your answer as a decimal precise to two decimal places.
Answer:
0.56 ; 0.60
Step-by-step explanation:
From The attached Venn diagram :
C = attend college ; J = has a job
P(C) = (35+45)/300 = 80/300 = 8/30
P(J) = (30+45)/300 = 75/300 = 0.25
P(C n J) = 45 /300 = 0.15
1.)
P(J | C) = P(C n J) / P(C)
P(J | C) = 0.15 / (8/30)
P(J | C) = 0.5625 = 0.56
2.)
P(C | J) = P(C n J) / P(J)
P(C | J) = 0.15 / (0.25)
P(C | J) = 0.6 = 0.60
Option C:
The measure of arc CD is 40°.
Solution:
Given data:
m∠X = 11° and m(arc AB) = 18°
To find the measure of arc CD:
We know that,
<em>Angle formed by two intersecting secants outside the circle is equal to half of the difference between the intercepted arcs.</em>


Multiply by 2 on both sides.
22° = arc CD - 18°
Add 18° from both sides.
40° = arc CD
Switch the sides.
arc CD = 40°
Hence the measure of arc CD is 40°.
Option B is the correct answer.
Answer:
Chocolate chip dough = $12
Gingerbread cookie dough = $17
Step-by-step explanation:
Since there are two variables in this problem, setting up a system of equations and using the elimination method will help us find the cost for each package of cookie dough. Based on Ryan's sales of 6 packages of chocolate chip and 12 packages of gingerbread for $276, the first equation is:
6c + 12g = 276
Since Shawna sold 8 chocolate chip and 3 gingerbread for a total of $147.00, the second equation is:
8c + 3g = 147
Using the elimination method, we will need to multiply the second equation by a factor of -4 in order to eliminate the variable 'g':
-4(8c + 3g = 147) = -32c - 12g = -588
Add the two equations:
6c + 12g = 276
+ <u> -32c - 12g = -588</u>
-26c = -312 or c = $12
Plug the value of 'c' into the first equation:
6(12) + 12g = 276 or 72 + 12g = 276 or g = $17