A person on a moving sidewalk travels 18 feet in 9 seconds. The moving Sidewalk has a length of 80 feet. How long will it take t
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Answer:
8 years
Step-by-step explanation:
Compound interest formula
A(t) is the final amount 55000
A_0= 40000, r= 4% = 0.04, for quarterly n=4
divide both sides by 40000
Take ln on both sides
divide both sides by ln(1.01)
Divide both sides by 4
t=8.00108
So it takes 8 years