Answer Interest rate = 12.3%
The compound interest formula is given by:
Where
A = Future amount
P = Present amount (Principal amount)
r = Interest rate in decimal form
n = No. of times compounded per year
t = time in years.
We can say that if:
Present amount = P
Future amount = 3P
r = 12.3/100 = 0.123
n = 1
t = ?
Substitute the values in the formula of compound interest:
Taking log on both sides.
Round off to nearest option
t ≅ 9 years
Answer:
9,10,11,12,13,14,15,16,17,18,19 and 29
Step-by-step explanation:
Hope this help!!
5 + 5 + 5 + 5 equals 550 lgjf8654
Zero-Exponent Rule: a0 = 1, this says that anything raised to the zero power is 1. ... Negative Exponent Rule: , this says that negative exponents in the numerator get moved to the denominator and become positive exponents. Negative exponents in the denominator get moved to the numerator and become positive exponents.
