Answer:
r = 0.046212737
Step-by-step explanation:
A = 14,400 (what your investment originally is)
P = 7,200 (what you want your investment to be)
n = 365 (interest is compounded daily)
t = 15 (15 years)
Plug all of these numbers into the equation, then solve for r
14,400 = 7,200(1 + r/365)^365 · 15
Divide 7,200 on both sides --> 2 = (1 + r/365)^365 · 15
365 · 15 = 5475 --> 2 = (1 + r/365)^5475
5475√(2) = 1 + r/365 (root 5475 both sides to cancel out the exponent)
(5475√(2)) - 1 = r/365 (subtract one from both sides)
((5475√(2)) - 1) · 365 = r (multiply both sides by 365 to isolate r)
Type the left side into the calculator to get r --> 0.046212737.
Hope this helps!
To earn $345.45 simple interest in 7 years, you have to invest $940.
<u>Step-by-step explanation:</u>
Step 1:
Given details are Simple Interest Rate (R) = 5.25%, Simple Interest (SI) = $345.45, Time (T) = 7 years
Step 2:
Use the above details to find principal using the formula for Simple Interest (SI) = PRT/100
⇒ 345.45 = (P × 5.25 × 7)/100
⇒ 34545 = 36.75 P
⇒ P = $940
Answer:
if im thinking correctly the answer will be y=34x+5
Step-by-step explanation:
have a brilliant day and be sure to smile!(:
Think of it this way: your friend is thinking of a year, and you have to guess which. She has told you the year is in the 20th century (1900s).
There are 100 years in the 20th century (1901-1999 plus 1900).
There can be 100 possibilities
Answer and explanation
You add all of the digits together a see if it is divisible by 3 sooooo...........
5+3+6+1=15/3=5
