Answer:
Um.. Im not sure about this one.. you're in college?
Step-by-step explanation:
3% is the same as 0.03
Therefore, 662/3% = 662/0.03
Answer:
c. 1/6
Step-by-step explanation:
I hope it helps you...
Answer:
8
(
7
−
1
)
Step-by-step explanation:
Find the common factor.
Answer:
8 years
Step-by-step explanation:
Compound interest formula

A(t) is the final amount 55000
A_0= 40000, r= 4% = 0.04, for quarterly n=4

divide both sides by 40000


Take ln on both sides

divide both sides by ln(1.01)

Divide both sides by 4
t=8.00108
So it takes 8 years