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
. its three sides. We can find the length of the fencing required for a triangular park by finding the perimeter of the triangle. ... A serving tray as shown forms an equilateral triangle – that is, a triangle with three equal sides
Answer: y>-3 and x is all real numbers
Answer:
Yoko bought 5 pounds of coffee.
If you want the steps, let me know. Hope this helps!!
Step-by-step explanation:
Number 10 is Answer: y=2.5/2x+3.5
Step-by-step explanation:
The 3.5 is the y intercept because it is when x is 0. The slope is just the change in y over the change in x
