The time it will take the principal to grow to the desired amount is 0.7 years
Using the compound interest formula :
A = P(1 + r/n)^(nt)
A = final amount = 225,000
P = principal = 180,000
r = rate = 3.12%
n = Number of compounding times per period = 12(monthly)
t = time
225000 = 180000(1 + (0.0312 /12))^(12t)
Divide both sides by 180000
225000/180000 = (1 + (0.0312 /12))^(12t)
1.25 = 1.026^12t
Take the log of both sides
0.0969100 = 0.0111473 × 12t
0.0969100 = 0.1337676t
Divide both sides by 0.1337676 to isolate t
0.0969100 / 0.1337676 = t
0.7244 years
0.7 years
It will take 0.7 years for the amount to grow
Learn more : brainly.com/question/21270833?referrer=searchResults
Mary<span> is 2x = 2*12 = </span>24 years old<span>.</span>
1 day = 0.06 m
x = 0.96 m
0.96 ÷ 0.06 = 16 days
Answer:
The 2nd one
Step-by-step explanation:
If you mean making them a regular number, you add them all.
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But, the expanded form of this is
<em>1</em><em>,</em><em>000</em><em>,</em><em>000</em><em> </em><em>-</em><em> </em><em>Millions</em><em> </em><em>Place</em>
<em>2</em><em>0</em><em>0</em><em>,</em><em>000</em><em> </em><em>-</em><em> </em><em>Hundred</em><em> </em><em>Thousands</em>
<em>50</em><em>,</em><em>000</em><em> </em><em>-</em><em>Ten</em><em> </em><em>Thousands</em><em> </em>
<em>4</em><em>,</em><em>000</em><em> </em><em>-</em><em>Thousands</em><em> </em>
<em>300</em><em> </em><em>-</em><em> </em><em>Hundreds</em>
<em>8</em><em>0</em><em> </em><em>-</em><em>Tens</em>
<em>9</em><em> </em><em>-</em><em> </em><em>Ones</em>
I hope this helps, if it doesn't let me know and I'll do my best.