The time required to get a total amount of $13,200.00 with compounded interest on a principal of $7,000.00 at an interest rate of 5.5% per year and compounded 12 times per year is 11.559 years. (about 11 years 7 months)
Answer:
t = 11.559 years
<h3>Compound Interest </h3>
Given Data
(about 11 years 7 months)
Calculation Steps:
First, convert R as a percent to r as a decimal
r = R/100
r = 5.5/100
r = 0.055 per year,
Then, solve the equation for t
t = ln(A/P) / n[ln(1 + r/n)]
t = ln(13,200.00/7,000.00) / ( 12 × [ln(1 + 0.055/12)] )
t = ln(13,200.00/7,000.00) / ( 12 × [ln(1 + 0.0045833333333333)] )
t = 11.559 years
Learn more about compound interest here:
brainly.com/question/24924853
Answer:
x=3
Step-by-step explanation:
5х - 2 = 3х + 4
5х - 3х = 4 + 2
2х = 6
х = 6/2
х = 3
Hope this helps!
3.14?
or do you want more digits?
3.141592653589793238462643383279502884197169399375105820974944592307816406286<span> </span>
Answer:
6
Step-by-step explanation:
Right Triangles and the Pythagorean Theorem
The Pythagorean Theorem, a2+b2=c2, a 2 + b 2 = c 2 , can be used to find the length of any side of a right triangle.
The side opposite the right angle is called the hypotenuse (side c in the figure).
