Answer: 3.1538461538462
Rounded: 3.15
Step-by-step explanation:
The future value (A) of a principal amount P compounded 12 times per year at rate r for t years is given by
A = P·(1 + r/12)^(12t)
Substitute the given values and solve for t.
3000 = 175·(1 + .03/12)^(12t)
Taking logarithms, this becomes
log(3000) = log(175) + 12t·log(1.0025)
(log(3000) -log(175))/(12·log(1.0025)) = t
t ≈ 94.84
It will take 95 years for the balance to grow by a factor of 17 to $3000.
s = 1800°
To find the sum of interior angles in a polygon you can use the following equation
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Answer:
Step-by-step explanation:
Using the quadratic formula:
Since the discriminant is negative, -31, there are no real roots
Answer:
x = 12
Step-by-step explanation:
