Your answer is 2. Hope this helps!
The time required to get a total amount of $13,200.00 with compounded interest on a principal of $7,000.00 at an interest rate of 5.5% per year and compounded 12 times per year is 11.559 years. (about 11 years 7 months)
Answer:
t = 11.559 years
<h3>Compound Interest </h3>
Given Data
(about 11 years 7 months)
Calculation Steps:
First, convert R as a percent to r as a decimal
r = R/100
r = 5.5/100
r = 0.055 per year,
Then, solve the equation for t
t = ln(A/P) / n[ln(1 + r/n)]
t = ln(13,200.00/7,000.00) / ( 12 × [ln(1 + 0.055/12)] )
t = ln(13,200.00/7,000.00) / ( 12 × [ln(1 + 0.0045833333333333)] )
t = 11.559 years
Learn more about compound interest here:
brainly.com/question/24924853
7.03 can be converted to 7 3/100.
.03 is the equivalent to 3 hundredths, we know this because it in the hundredths place.
The answer would be 9. 9x3=27 and 9x4=36. Although 3 fits into both, 9 is the BIGGER number that also fits into both of the numbers shown in the problem.
Answer:
x = -4
Step-by-step explanation:
Distribute the -2 into the parentheses and your equation becomes -8x - 8 - 3x - 2 = 34
Then combine the -8x and -3x as well as the -8 and -2 to have -11x - 10 = 34
Add 10 to both sides and get -11x = 44
Divide both sides by -11 for x=-4