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Your solution to your question would be 7a - 1967
Answer:
It will take Sam 18 weeks to save $241.
Step-by-step explanation:
The CD cost $241 then minus that by $25 and you get $216 than divide that by $12 because he gets that amount of money per week and then you get $18.
Answer:
Step-by-step explanation:
Solving for 
given the equation, 
:
Solving for 
when 
Answer:
t = 11.45 years
Step-by-step explanation:
A = p(1+r/n)^nt
A = future value = $12000
P = present value = $6000
n = number of periods = 4
r = interest rate = 6.1% = 0.061
t = number of years = ?
t = log(A/P) / n[log(1 + r/n)]
= log(12000/6000) / 4[log(1+0.061/4)]
= log(2) / 4[log(1 + 0.01525)]
= 0.3010 / 4[log(1.01525)]
= 0.3010 / 4(0.00657)
= 0.3010 / 0.02628
= 11.45 years
