Answer:
V = $1213.03
Step-by-step explanation:
We can determine the amount of money after 15 years with the given formula:
(1)
Where:
V: is the value of the account in t years =?
P: is the principal initially invested = $686
r: is the rate of interest = 3.8% = 3.8/100 = 0.038
t: is the time = 15 years
By substituting the above values into equation (1) we have:
Therefore, the amount of money is $1213.03.
I hope it helps you!
Answer:
40 minutes for 8 inches
Step-by-step explanation:
Answer: where is the question I don't have enough info to answer that
Step-by-step explanation:
The formula for this is A=P(1+r/n)^nt
Where A is the total amount. P is the principal amount. 1 represent 100%. R is the rate. N is the number for annual, quarter, or etc. T is the time given in the question. If you put the numbers that is given in the question and put it in the formula, you will have:
$25,710 = $8192(1 + 0.10/12)^12t
3.14= (1.00833333)^12t
12t= log1.00833333 3.14
t= (log1.00833333 3.14)/12
t is approximately 11.5 yrs
Answer:
Step-by-step explanation:
