Answer:
About 31 years
Step-by-step explanation:
Given data
Principal= $3500
Rate= 4.75%
Final amount= $15,000
Time=??
The expression for time on compound interest is
Calculate time, solve for t
t = ln(A/P) / r
substitute
Calculate time, solve for t
t = ln(15000/3500) / 0.0475
t= ln(4.2857)/ 0.0475
t= 1.4552/0.0475
t= 30.63 years
Hence it will take about 31 years
Its very simple. You see, consider a right angled triangle, and the side opposite to the right angle or the largest side is Hypotnuse and the side the is adjacent to the angle that you choose is the adjacent side.
Square numbers are numbers with an odd number of factors. For example, 1 and 4 are square numbers.
<span>The multiples of 6. Answer : 6,12,18,24,30,36,42,48,54,60,66,72,78,84,90,96,102,108,114,120,126,132,138,144,150,156,1</span>
Answer:
1; after 2 months
2; $130
Step-by-step explanation:
In this question, we are trying to compare the fees to be paid in two different gyms, to determine when the amount paid would be equal and also what this amount would be.
Now since we do not know the exact number of months, we can represent this unknown by x
so mathematically, at the end of m months, at the first gym , Casey would have paid a total of 50 + 40m
For the second gym, at the end of the second month, casey would have paid a total of 65m only
now we need to know when these fees would be the same. we simply equate what we have on both ends
mathematically, that is 50 + 40m = 65m
65m-40m = 50
25m = 50
m = 50/25
m = 2 months
The fees to be paid is
50 + 40(2) = 65(2) = $130
