Answer:
43.35 years
why?
From the above question, we are to find Time t for compound interest
The formula is given as :
t = ln(A/P) / n[ln(1 + r/n)]
A = $2500
P = Principal = $200
R = 6%
n = Compounding frequency = 1
First, convert R as a percent to r as a decimal
r = R/100
r = 6/100
r = 0.06 per year,
Then, solve the equation for t
t = ln(A/P) / n[ln(1 + r/n)]
t = ln(2,500.00/200.00) / ( 1 × [ln(1 + 0.06/1)] )
t = ln(2,500.00/200.00) / ( 1 × [ln(1 + 0.06)] )
t = 43.346 years
(credit to VmariaS)
I think it’s 36 cents or .357
To transform it into percent we want to have 100 into denominator. The easiest way is divide numerator and denominator by 3 (thats because than it doesnt change the value of fraction), so:
- its the result
The one who walked 1.2 miles would have made $72 and the one who walked 0.8 miles would have made $48.
Answer:
2km
Step-by-step explanation:
