Let the amount deposited (principal) be x, then the amount after the required time = 2x.
A = P(1 + r/n)^nt: where A is the future value = 2x, P is the principal = x, r is the rate = 0.75%, n is the number of accumulation in a year = 12, t is the number of years.
2x = x(1 + 0.0075/12)^12t
2 = (1 + 0.000625)^12t
log 2 = 12t log (1.000625)
log 2 / log (1.000625) = 12t
1109.38 = 12t
t = 92 years
If you would like to know what was his total pay last week, you can calculate this using the following steps:
a base salary ... $400.00
an additional 11% commission on everything Ben sells
11% of $6050.00 = 11% * 6050 = 11/100 * 6050 = $665.5
$400 + $665.5 = $1065.5
Result: His total pay was $1065.5.
Answer:
If using simple interest, the formula is:
= Amount * ( 1 + rate * time)
= 20,000 * ( 1 + 4% * 5)
= $24,000
Interest = Balance after 5 years - Investment
= 24,000 - 20,000
= $4,000
Using Compound Interest:
= Amount * ( 1 + rate)^time
= 20,000 * ( 1 + 4%)⁵
= $24,333.06
Interest = 24,333.06 - 20,000
= $4,333.06
X^2 + 6x - 27
(x - 3)(x + 9)
The answer is: (x - 3)(x + 9).
Answer:
3y+30
Step-by-step explanation:
