To make this a fraction, let's put
. We can divide both top and bottom by 6, leaving us with
. This is as far as we can reduce it, making it your answer. I hope this helps!
The formula is
A=p (1+r/k)^kt
A future value 3000
P present value 150
R interest rate 0.025
T time?
3000=150 (1+0.025/12)^12t
Solve for t
3000/150=(1+0.025/12)^12t
Take the log
Log (3000/150)=log (1+0.025/12)×12t
12t=Log (3000/150)÷log (1+0.025/12)
T=(log(3,000÷150)÷log(1+0.025÷12))÷12
T=119.95 years
Answer:
that will be 2130,1
Step-by-step explanation:
Percent change = (new number - old number)/(old number) * 100
percent change = (54 - 48)/(48) * 100 = 6/48 * 100 = 0.125 * 100 = 12.5%
