Answer:
a. $ 2,431.01 = 4 years
b. $ 4,584.04 = 17 years
c. 4.57 years = $ 2,499.57
d. 8.3 year = $ 2,998.48
e. $ 2,431.01 = 4 years
Step-by-step explanation:
Compound Interest Equation
A = P(1 + r/n)nt
Where:
A = Accrued Amount (principal + interest)
P = Principal Amount
I = Interest Amount
R = Annual Nominal Interest Rate in percent
r = Annual Nominal Interest Rate as a decimal
r = R/100
t = Time Involved in years, 0.5 years is calculated as 6 months, etc.
n = number of compounding periods per unit t; at the END of each period
4.72n - 0.1 = 8 + 0.67n
4.72n - 0.67n = 8 + 0.1
4.05n = 8.1
4.05n/4.05 = 8.1/4.05
n = 2
Answer:
Please if you don't mind, complete your question thanks
13 x 6 = 78 it cant be multiplied anymore so it can go into 80 about 6 times.
There are 50 seats on the tour bus. You reserve 2/5 of the seats How many seats did you reserve