Excel - How to graph different APRs using one formula for an excel beginner? Image Attached
1 answer:
Answer:
Please see the attachments. For reasons I cannot fathom, the Brainly censor seems to think there are unapproved words contained in this text, so I cannot post it as text. Among other things, that means you probably will not be able to copy and paste the formulas into your spreadsheet—you will have to type them.
I apologize if you are offended by any of the words contained in this answer. I hope you will take them in the intended context—a math problem about the use of Excel.
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Answer:
time is 6.76 years
Step-by-step explanation:
given data
amount = $150
payment = $100
rate r = 6% = 0.06
to find out
time period t
solution
we know it is compounding continuous
so we will apply here formula that is
amount = payment × ..........1
put here all value we get
amount = payment ×
150 = 100 ×
take ln both side
ln 1.5 =
0.40546 = 0.06t
t = 0.40546 / 0.06
t = 6.76
so time is 6.76 years