32000 grams to tonnes
2 answers:
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Answer:
5 years
Step-by-step explanation:
In the question we are given;
- Amount invested or principal amount as $5048
- Rate of interest as 4% compounded 12 times per year
- Amount accrued as $6,163.59
We are required to determine the time taken for the money invested to accrue to the given amount;
Using compound interest formula;
where n is the interest period and r is the rate of interest, in this case, 4/12%(0.33%)
Therefore;
introducing logarithms on both sides;
But, 1 year = 12 interest periods
Therefore;
Number of years = 60.61 ÷ 12
= 5.0508
= 5 years
Therefore, it will take 5 years for the invested amount to accrue to $6163.59
Using a calculator, 1200/180 = 6.67 approximately
If you use long division, then you'll get what you see in the diagram below
The 6's go on forever after the decimal point, but if you round to two decimal places, then you'll get that approximate value of 6.67
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If you want a remainder, then 1200/180 = 6 remainder 120
You can think of it like you having 1200 cookies and 180 friends. Each friend will get 6 whole cookies and there will be 120 left over as the remainder.
