Answer:
Step-by-step explanation:
Answer: it will take 17.5 years to double his money in the account.
Step-by-step explanation:
We would apply the formula for determining compound interest which is expressed as
A = P(1+r/n)^nt
Where
A = total amount in the account at the end of t years
r represents the interest rate.
n represents the periodic interval at which it was compounded.
P represents the principal or initial amount deposited
From the information given,
P = $500
A = 500 × 2 = $1000
r = 4% = 4/100 = 0.04
n = 4 because it was compounded 3 times in a year.
Therefore,.
1000 = 500(1 + 0.04/4)^4 × t
1000/500 = (1 + 0.01)^4t
2 = (1.01)^4t
Taking log of both sides, it becomes
Log2 = 4tlog 1.01
0.301 = 4t × 0.0043 = 0.0172t
t = 0.301/0.0172
t = 17.5 years
Answer:
I'll setup the problem and leave the computation to you
Step-by-step explanation:
The equation to calculate fixed payments
P= payments
r = interest rate for the period (which is a quarter )
PV = present value (or the amount borrowed)
n = number of periods
r = .25/4 (4 months = quarter of a year)
n = 4*10
PV = R450550.00
if you have questions, put them in the comment
15% and the corresponding 0.15 is by necessity unit-less; it's just a multiplier. If you run up a $1 bill and wish to tip 15%, multiply $1 by 0.15, obtaining $0.15.
Then the total due would be $1 plus $0.15, or $1.15.
Note that $0.15
-------- = 0.15 is unit-less
$1
length (l) =54
breath (b) =72
l²+b²= diagonal²..........(Pythagoras theorem) and (all sides of rectangle are 90degree)
(54)²+(72)²=diagonal²
2916+5184=diagonal²
8100=diagonal²
90= diagonal.............(taking square root)
length of diagonal is 90ft
i hope it helps
have a nice day and thanks for asking this question
25x
400
x16
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