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
Answer:
0.42
Step-by-step explanation:
Add 9 to 3 to get 12, divide 12 by 100 and add it to 0.3 to get your answer.
A) 24
All side lengths of a square are equal so you take the square root of 576 to get two 24. If you try it back: 24*24 (w*h) to get 576.
The range is 19-0=19 so therefore your answer is C.
The range is the largest number subtracted by the smallest number.