Write and solve the equation and then check your answer.
1 answer:
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N = number of compounding periods
Years = log (total / principal) / n * log (1 + rate / n)
Years = log (750 / 500) / 4 * log (1 + .025/n)
Years = log (1.5) / 4 * log (1<span><span>.00625) </span>
</span> <span>Years = 0.17609125906 / 4 * 0.0027058933759
</span><span>Years = 0.17609125906 </span> / <span> <span> <span> 0.0108235735 </span> </span> </span>
Years = <span> <span> <span> 16.2692348382 </span> </span> </span>
Source Calculator
http://www.1728.org/compint.htm
Years = log (total / principal) / n * log (1 + rate / n)
Years = log (750 / 500) / 4 * log (1 + .025/n)
Years = log (1.5) / 4 * log (1<span><span>.00625) </span>
</span> <span>Years = 0.17609125906 / 4 * 0.0027058933759
</span><span>Years = 0.17609125906 </span> / <span> <span> <span> 0.0108235735 </span> </span> </span>
Years = <span> <span> <span> 16.2692348382 </span> </span> </span>
Source Calculator
http://www.1728.org/compint.htm
Answer:
The formula for this would be
Since we need to multiply the fraction against the amount of batches, to get the final result of cups of flours. (It only makes sense!)
8/3 is the correct answer
2 2/3 is the mixed fraction