9514 1404 393
Answer:
14.1 years
Step-by-step explanation:
Use the compound interest formula and solve for t. Logarithms are involved.
A = P(1 +r/n)^(nt)
amount when P is invested for t years at annual rate r compounded n times per year.
Using the given values, we have ...
13060 = 8800(1 +0.028/365)^(365t)
13060/8800 = (1 +0.028/365)^(365t) . . . . divide by P=8800
Now we take logarithms to make this a linear equation.
log(13060/8800) = (365t)log(1 +0.028/365)
Dividing by the coefficient of t gives us ...
t = log(13060/8800)/(365·log(1 +0.028/365)) ≈ 0.171461/0.0121598
t ≈ 14.1
It would take about 14.1 years for the value to reach $13,060.
Answer:
yes
Step-by-step explanation:
Answer:
4% change
Step-by-step explanation:
Answer:
2
Step-by-step explanation:
|a+x|/2 − |a−x|/2 , if a=−2; x=−6
Evaluate this expression
Simply plug in the numbers
| -2 + -6 | /2 - |-2 - -6|/2
|-8| /2 - |4|/2
4 - 2
2
