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kicyunya [14]
3 years ago
8

Curtis wants to save money for a trip overseas. Curtis invests $900 in an account that pays an interest rate of 8.75%. How many

years will it take for the account to reach $11,700? Round your answer to the nearest hundredth.
Mathematics
2 answers:
professor190 [17]3 years ago
7 0
Hi there
The formula is
A=p (1+r)^t
A future value 11700
P present value 900
R interest rate 0.0875
T time?
We need to solve for t
T=log (A/p)÷log (1+r)
So
T=log(11,700÷900)÷log(1+0.0875)
T=30.6years round your answer to get
T=31 years

Hope it helps
Papessa [141]3 years ago
3 0
For Plato users... the answer is actually 30.58. 
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To express that ratio as a percentage, multiply it by 100%.

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3 years ago
Julie gives 7 pieces of candy to each of her friends. If Julie gives all of her candy away, which amount of candy could have bee
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To find the answer to this problem, you just need to figure out which total amount of candy is divisible by 7.

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</span>145/7=<span>20.7142857143
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Obviously, Julie cannot give a fraction of an amount of candy to someone.  So that rules out that she had 162, 145, or 128 pieces of candy.  

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5 0
3 years ago
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If the area of the rectangle is 130 square inches then what is the rectangles height, h
fomenos

Answer:

130/l in where l is the length of the rectangle

Step-by-step explanation:

The formula for area of a rectangle is length by width where the width is the height of the rectangle

Given that area=130 in²

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Solve for e.<br><br><br>9e + 4 = -5e + 14 + 13e
sladkih [1.3K]

Answer:

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2 years ago
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