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Pachacha [2.7K]
3 years ago
7

Can any one help me on math? I'm in 8th grade, and I need help on slope intercept graphing. If you will please message me and I

can give you more information on it from there. Thank you,
Bella
Mathematics
2 answers:
Alik [6]3 years ago
8 0
I can help you as well. How would you like my help?
spayn [35]3 years ago
7 0
Hi! im in eighth grade too, and im learing the same stuff, i could probably help you!
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Kristen invests $5,745 in a bank. The bank pays 6.5% interest compounded monthly. How long must she leave the money in the bank
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formula is A=P(1-\frac{r}{n})^{nt}

where A=final amount

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remember that ln(x^a)=a(ln(x))

also that (a^b)^c=a^{bc}

2(5745)=5745(1+\frac{0.065}{12})^{12t}, solving for t

divide both sides by 5745 to simplify things a bit

2=(1+\frac{0.065}{12})^{12t} I'd rather not simplify this because it give us a decimals and those aren't exact, if we combine, we get 12.065/12 for inside parenthases

2=(\frac{12.065}{12})^{12t}

take ln of both sides

ln(2)=ln((\frac{12.065}{12})^{12t})

ln(2)=(12t)ln(\frac{12.065}{12})

divide both sides by 12ln(\frac{12.065}{12})

\frac{ln(2)}{12ln(\frac{12.065}{12})}=t

using our calculator, t≈10.6927


so rounded, we get 10.7 years

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