4 years ago

Please Help Problem solving

1 answer:

8 0

P = $1,100
r = 7.25% = 0.0725

A= P(1+r)^t
⇒ 6600 = 1100(1+0.0725)^t
⇒ 6600/1100 = 1.0725^t
⇒ 1.0725^t = 6

Use log to solve it
log(1.0725^t) = log 6
⇒ t * log 1.0725 = log 6
⇒ t * 0.0303973 = 0.7781512
⇒ t = 0.7781512/0.0303973
⇒ t = 25.599 ≈ 25.60 years

You might be interested in

Your doctor prescribes you to take 400 mg of medicine every eight hours. How many ounces of medicine do you take in a day

Liula [17]

0.0423 ounces of medicine should be correct

3 0

3 years ago

Read 2 more answers

In parallelogram ABCD the measure of m A) 82.5 B) 97.5 C) 120 D) 130

cestrela7 [59]

Answer:

Step-by-step explanation:

i don't know huhuhuhu......................