I need help will mark brainiest if you give a full answer (with explanation)
1 answer:
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Answer:
a. $ 2,431.01 = 4 years
b. $ 4,584.04 = 17 years
c. 4.57 years = $ 2,499.57
d. 8.3 year = $ 2,998.48
e. $ 2,431.01 = 4 years
Step-by-step explanation:
Compound Interest Equation
A = P(1 + r/n)nt
Where:
A = Accrued Amount (principal + interest)
P = Principal Amount
I = Interest Amount
R = Annual Nominal Interest Rate in percent
r = Annual Nominal Interest Rate as a decimal
r = R/100
t = Time Involved in years, 0.5 years is calculated as 6 months, etc.
n = number of compounding periods per unit t; at the END of each period
The image for this is attached for reference. This problem can be used by the Pythagorean equation. To make solving convenient, let us see only one part of the tent. Hence, one side is half of the tend width which is 16/2ft. Height is 12 ft. The unknown side is the hypotenuse. The answer is:
