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:
D. 
Step-by-step explanation:
A square root can't be evaluated if the number we want to find the square of is nagative.
Answer: x = 7 and y = -17
Step-by-step explanation:
Opposite sides of parallelograms are equal.
-5y + 3 = 88
-5y = 85
y = -17
10x - 7 = 63
10x = 70
x = 7
Answer:
862.75 meters^3
Step-by-step explanation:
(17)(14.5)(3.5)=862.75
