Answer:
75%
Step-by-step explanation:
Using the formula for compounded interest, it is found that an interest rate of 1.56% would be required.
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The compound interest formula is given by:
- A(t) is the amount of money after t years.
- P is the principal(the initial sum of money).
- r is the interest rate(as a decimal value).
- n is the number of times that interest is compounded per year.
- t is the time in years for which the money is invested or borrowed.
- Invest $11,000, thus
- 16 years, thus
- End up with $14,000, thus
- Compounded monthly, thus .
An interest rate of 1.56% would be required.
A similar problem is given at brainly.com/question/23781391
Answer:
Awe she is so cute!!!!!!! She looks like a Brown lab and a poodle mix. I WISH I COULD HAVE HER!
Step-by-step explanation:
0.01.
To find the answer, just divide 0.1 by 10
Answer:
<u>12x = y (Equation to find the total number of eggs you have)</u>
<u>y/12 = x (Equation to find the total of egg cartons you have)</u>
Step-by-step explanation:
Let x to be the number of egg cartons you have
Let y to be the total number of eggs you have
Each egg carton has 12 eggs
Therefore,
<u>12x = y (Equation to find the total number of eggs you have)</u>
<u>y/12 = x (Equation to find the total of egg cartons you have)</u>