Answer:
I think you forgot the context or image of that.
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
Answer:
ok so the answer is 13
Step-by-step explanation:
to solve you..
PEMDAS
PLEASE EXUSE MY DEAR AUNT SALLY
1-(-8)-12/-3
1-(-8)+4
1+8+4
9+4
13
!
HOPE THIS HELPED YA
Answer:
w=-11/4 or -2 and 3/4
Step-by-step explanation:
To solve this, we first have to cancel out the dividing by-3. We can use the inverse operation of division, which is multiplication. We have to multiply both sides by -3, and the equation becomes 4w+5= -6. Then, we subtract 5 from both sides. We get 4w= -11. We finally divide 4 on both sides, getting w=-11/4. -11/4 is in improper fraction form and -2 and 3/4 is in mixed number form.
Answer:
0.93333333333
Step-by-step explanation:
i got this
hope this will help you
