The first step, factoring out the constant 10, is due to the Constant Multiple Rule:
The derivative of the natural exponential function is itself! . Reversing this,
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:
h = 12.5
Step-by-step explanation:
Simplifying
h + 3h + 4h = 100
Combine like terms: h + 3h = 4h
4h + 4h = 100
Combine like terms: 4h + 4h = 8h
8h = 100
Solving
8h = 100
Solving for variable 'h'.
Move all terms containing h to the left, all other terms to the right.
Divide each side by '8'.
h = 12.5
Simplifying
h = 12.5
Answer:
The answer is B
Step-by-step explanation:
if correct plz mark brainliest and tell me if its wrong
Answer:
Step-by-step explanation:
The correct option is B.