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:d
Step-by-step explanation:
<h2>
Coordinate Pairs</h2>
Coordinate pairs are organized like (x,y).
- x tells us the location of the point in relation to the x-axis, the axis that is horizontal.
- y tells us the location of the point in relation to the y-axis, the axis that is vertical.
To determine a coordinate pair, we can determine each coordinate individually, then put them together.
<h2>Solving the Question</h2>
Notice how the red point sits on the very edge of the graph.
When we look at the x-axis, we can see that it occurs at the number 0 on the x-axis. In other words, the red point occurs when x=0.
When we look at the y-axis, we can see that it lines up with the number 2. In other words, the red point occurs when y=2.
Therefore, when we put the two coordinates together like (x,y), we get (0,2).
<h2>Answer</h2>
(0,2)
Answer:
In step 5, andrew made a mistake by subtracting 9.8 instead of adding 9.8. Andrew should've have obtained the answer -2, but because of his mistake the answer is incorrect.
Answer:
36 feet
Explanation:
8 feet : 1 inch = 36 feet : 4.5 inches
