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
Step-by-step explanation:
Answer:
x=-3
Step-by-step explanation:
Answer: There are 20 students and 4 students are not here today.
Step-by-step explanation:
If the number of students = 4
Let the number of students be 'x'.
Fraction of students absent = 
If the number of students = 5
Fraction of students absent = 
And Jen came back,
So, the fraction of student absent is also written as
According to question, it becomes,
Hence, there are 20 students in our school.
And number of students are not here today is 
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