In surveying families with pets, 5 out of 7 families owned a dog. If 35 families had dogs, how many families were surveyed?
1 answer:
You might be interested in
Answer:
9.42 years (= 113 months)
Step-by-step explanation:
Use the compound rate interest formula:
where:
- A = amount
- P = principal
- r = interest rate (in decimal format)
- n = number of times interest is compounded per unit t
- t = time
Given:
- A = $7850
- P = $5000
- r = 4.8% = 0.048
- n = 12
- t = years
Take natural logs: