Answer:
The first equation must be multiplied by 18 and second equation must be multiplied by 8
Step-by-step explanation:
The time it will take the principal to grow to the desired amount is 0.7 years
Using the compound interest formula :
A = P(1 + r/n)^(nt)
A = final amount = 225,000
P = principal = 180,000
r = rate = 3.12%
n = Number of compounding times per period = 12(monthly)
t = time
225000 = 180000(1 + (0.0312 /12))^(12t)
Divide both sides by 180000
225000/180000 = (1 + (0.0312 /12))^(12t)
1.25 = 1.026^12t
Take the log of both sides
0.0969100 = 0.0111473 × 12t
0.0969100 = 0.1337676t
Divide both sides by 0.1337676 to isolate t
0.0969100 / 0.1337676 = t
0.7244 years
0.7 years
It will take 0.7 years for the amount to grow
Learn more : brainly.com/question/21270833?referrer=searchResults
64 inches is greater than 5 feet.
Hope I helped! <3
Answer: There is difference of $660 in their paychecks.
Step-by-step explanation:
Since we have given that
Number of hours in one week they worked = 40
Amount of sales = $78000
Kent makes $10 per hour plus 3% on the amount of sales .
So, the equation for Kent becomes,
Similarly, Bradley only makes $7 per hour but he makes 4% on the amount of his sales .
So, the equation for Bradley becomes,
hence, the difference between of their paychecks is given by
Therefore, there is difference of $660 in their paychecks.
I put it in my ti calculator and it’s 14
