Answer:
$1456.25
Step-by-step explanation:
Given data
P= $1,250
t= 3 years
r=5.5%
The compound interest expression is given as
A= P(1+r)^t
substitute
A= 1250(1+0.055*3)
A= 1250(1+ 0.165)
A= 1250(1.165)
A= 1456.25
Hence the amount after 3 years is $1456.25
All of them would be true so I would say the answer would be D.
hope that helped.
8x+6-5x=1
3x+6=1
please vote my answer branliest. Thanks.
You will need to use this formula:
<span>Years = {log(total) -log(Principal)} ÷ log(1 + rate)
Years = [log(15,000) - log(2,500)] / log (1.0525)
</span>
<span>
<span>
<span>
4.1760912591
</span>
</span>
</span>
-
<span>
<span>
<span>
3.3979400087
</span>
</span>
</span>
/
<span>
<span>
<span>
0.0222221045
</span>
</span>
</span>
=
<span>
<span>
<span>
0.7781512504
</span>
</span>
</span>
/ <span>
<span>
<span>
0.0222221045 =
</span></span></span>
<span>
<span>
<span>
35.0169917705
</span>
</span>
</span>
years
About 35 years
You'll find the formula here: http://www.1728.org/compint2.htm
And a compound interest calculator here: http://www.1728.org/compint.htm
(You'll find both are helpful for this problem).
