The full answer is 51.5148515, however, rounded to the nearest tenth it is 51.5.
Explanation: Divided 1,300.75 by 25 1/4 to make this easier turn 25 1/4 into a decimal: 25.25. Now divided 1,300.75 by 25.25 and you get the number of minutes.
Answer:
The time required to get a total amount of $ 640.00 from compound interest on a principal of $ 440.00 at an interest rate of 5.6% per year and compounded 365 times per year is approximately 7 years.
Step-by-step explanation:
Given
- Principle Amount P = $440
- Interest rate r = 5.6% = 0.056
To determine:
Time period t = ?
Using the formula

solving for t
t = ln(A/P) / n[ln(1 + r/n)]
substituting the values A = 640, P = 440, n = 365 and r = 0.056
t = ln(640/440) / ( 365 × [ln(1 + 0.00015342465753425/365)] )
t = 6.691
t ≈ 7 (nearest year)
Therefore, the time required to get a total amount of $ 640.00 from compound interest on a principal of $ 440.00 at an interest rate of 5.6% per year and compounded 365 times per year is approximately 7 years.
The answer is C
hope i helped :)
Answer: The formula for exponential growth is y = a(1 + r)^x, and the formula for exponential decay is y = a(1 - r)^x, with r being the rate of growth/decay. :)
Answer:
Explanation:
I hope you understand this