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:
z=0
Step-by-step explanation:
if the equation was 1/4(3z)7=-1z
wouldn't it just be because 26 i greater then 25 there for aking 26x93 greater then 25x93
First combine the like terms 3y + 2y to get 5y. Then combine 4 + 1 to get 5. Your equation will now be 80 = 5y + 5. To solve for y, 5 needs to be subtracted from both sides of the equation leaving 75 = 5y. Final step to solving for y, 5 needs to be divided from each side of the equation leaving the final answer of
15 = y.
Answer:
151434/358 = 423
Step-by-step explanation:
Every product with non-zero factors can be written as an equivalent division relation.
a·b = c ⇒ a = c/b
Here, we have 35.8 × 4.23 = 151.434. This can be written as the equivalent ...
4.23 = 151.434/35.8
We can multiply this by 100 to get a division relation with a quotient of 423:
423 = 15143.4/35.8
If we want, we can move the decimal points another place to the right to get ...
151434/358 = 423
