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3 years ago

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Zachary’s final project for college course took a semester to write and had 95,234 words.zachary wrote 35,295 words the first mo

nth and 19,240 words the second month.

1 answer:

kap26 [50]3 years ago

5 0

Answer:

40,999

Step-by-step explanation:

95,234-35,295= 59,939 and then 59,939-19,240= 40,999

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Use the formula for compound interest, a P 1 i n = ^ h + , to determine how many years it will take for an investment of W10 000

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The money will be triple after 15 years and 303 days.

What is compound interest?

Compound interest, also known as interest on principal and interest, is the practice of adding interest to the principal amount of a loan or deposit.

Given:

Principle (P) = $10,000

The amount will be triple.

So, Amount (A) = $30,000

Rate (r) = 7% = 0.07

The interest is compounded quarterly.

n = 4

We have to find the value of t.

Let,

$A = P(1+\frac{r}{n})^n^t\\ 30000 = 10000(1+\frac{0.07}{4})^4^t\\\frac{30000}{10000} = (1 + 0.0175)^4^t\\ 3 = (1.0175)^4^t$

Apply logarithm on both sides,

$log(3) = log(1.0175)^4^t\\log(3) = 4t log(1.0175)\\t = \frac{log(3)}{4(log(1.0175))} \\t = \frac{0.4771212547}{4(0.0075344179)} \\t = \frac{0.4771212547}{0.0301376716} \\t = 15.83139$

Hence, the money will be triple after 15 years and 303 days.

To know more about compound interest, click on the link

brainly.com/question/24274034

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