Answer:
The answer is A :)
Step-by-step explanation:
Answer:
Your answer is 8
Step-by-step explanation:
First you have to convert the mixed number into an improper fraction. To do this, multiply the denominator by the whole number. Then add the numerator and put that answer in a fraction over the original. So it would be 3*5=15+1=16/3. So now that the denominators are the same, all you need to do is see how many times 2 goes into 16. 16/2 which is 8. Answer = 8
Its 1.33 because you round up if its 5 or greater
Answer:
It will take 4.84 years
Step-by-step explanation:
The initial amount that Matt invested was $1669. It means that principal is
P = 1669
It was compounded 12 times per year. So
n = 12
The rate at which the principal was compounded is 2%. So
r = 2/100 = 0.02
The formula for compound interest is
A = P(1+r/n)^nt
A = total amount in the account at the end of t years.
A = 1,844.38
Therefore
1,844.38 = 1669(1+0.02/12)^(12×t)
1,844.38/1669 = (1.0017)^(12t)
1.1051 = (1.0017)^(12t)
Taking log to base 10 of both sides, it becomes
Log 1.1051 = log 1.0017^(12t)
Log 1.1051 = 12tlog 1.0017
0.043 = 0.00074 × 12t
0.043 = 0.00888t
t = 0.043/0.00888
t = 4.84 years
0.08 divided by 1.44 is 0.055555556
