Answer:
7 years 11 months
Step-by-step explanation:
The future value formula for the value of a principal P invested at annual rate r compounded n times yearly for t years is ...
FV = P(1 +r/n)^(nt)
For the given numbers, we want to find t:
6000 = 3700(1 +.062/2)^(2t)
Dividing by 3700 and taking the logarithm, we get ...
6000/3700 = 1.031^(2t)
log(60/37) = 2t·log(1.031)
Dividing by the coefficient of t gives ...
t = log(60/37)/(2log(1.031)) ≈ 7.92 . . . . . years
It will take about 7 years 11 months for the investment to grow to $6000.
Answer:
Hey mate......
Step-by-step explanation:
This is ur answer....
<h2>1st Option : 64.1</h2>
Hope it helps!
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Answer:
144
Step-by-step explanation:
1st way- 3^2 * 3^3
2nd way- 3 * 3^4
3rd way- 3^0 * 3^5
Answer:
Fraction Form: 1/10
Step-by-step explanation:
Decimal Form: 0.1