The interest earned each month is
.. (3.4%)/12 * $350,000 ≈ $991.67
You can withdraw $991.67 without withdrawing any of the principal.
Answer: 44 dollars
Step-by-step explanation:
so there is two ways to do this so ill show you both and you can see which one is easier for you!
method 1- divide the total amount of tickets by the amount with the cost. Then multiply that number by the cost
20/5=4 4*11=44
method 2- divide the money by the number with the cost. Then multiply it by the total amount of tickets.
11/5=2.2 2.2*20=44
If two lines intersect each other, then the vertically opposite angles are equal. In the statement above, it is given that 'two lines intersect each other'. ... They lead to two pairs of vertically opposite angles
![A=P(1+r)^t](https://tex.z-dn.net/?f=A%3DP%281%2Br%29%5Et)
is comounded yearly formula
rat ie 4.5%
P=47000
solve for when A=63000
![63000=47000(1+0.045)^t](https://tex.z-dn.net/?f=63000%3D47000%281%2B0.045%29%5Et)
divide both sides by 47000
![\frac{63}{47} =(1.045)^t](https://tex.z-dn.net/?f=%20%5Cfrac%7B63%7D%7B47%7D%20%3D%281.045%29%5Et)
take the ln of both sides
![ln(\frac{63}{47}) =ln((1.045)^t)](https://tex.z-dn.net/?f=%20ln%28%5Cfrac%7B63%7D%7B47%7D%29%20%3Dln%28%281.045%29%5Et%29)
![ln(\frac{63}{47}) =t(ln(1.045)](https://tex.z-dn.net/?f=%20ln%28%5Cfrac%7B63%7D%7B47%7D%29%20%3Dt%28ln%281.045%29)
divide both sides by ln(1.045)
![\frac{ln(\frac{63}{47})}{ln(1.045)}=t](https://tex.z-dn.net/?f=%20%5Cfrac%7Bln%28%5Cfrac%7B63%7D%7B47%7D%29%7D%7Bln%281.045%29%7D%3Dt%20)
using calculator
6.656=t
so after about 6.7 years
To solve for one year:
20000 + 0.085(20000)
For 14 years:
20000 + 14(0.085(20000))
20000 + 1.19(20000)
To make it similar:
2.19(20000) = 43800
You now have 43800 dollars, and gained $23800