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:
The width would be 20 and the length would be 30
Step-by-step explanation:
Answer:
it was right but ok
Step-by-step explanation:
First find the total number
6+4+5+3 = 18
6th graders : total
4 : 18
Divide each side by 2
4/2: 18/2
2 : 9
Answer:
1,718.28
Step-by-step explanation:
1,548, percentage increased by 11% (percent) of its value = 1,718.28
The correct answer would be B E'F' and EF are equal in length.
