2.5 years required for an investment of 5000 dollars to grow to 6000 dollars at an interest rate of 7.5 percent per year, compounded quarterly.
Step-by-step explanation:
The given is,
Initial investment - $5000
Future amount - $6000
Interest rate - 7.5% (compounded quarterly)
Step:1
Formula to calculate the Future amount with compound interest,
...................................(1)
Where, F - Future amount
P - Initial amount
r - Rate of interest
n - No. of compounding in a year
t - Time period
From given,
F = $6000
P = $5000
r = 7.5%
n = 4 (compounded quarterly)
Equation (1) becomes,



Take log on both sides,

Substitute log values,
0.07918 = 4(t) (0.0080676)
= (t) (0.0322705)
= 2.45
t ≅ 2.5 years
Result:
2.5 years required for an investment of 5000 dollars to grow to 6000 dollars at an interest rate of 7.5 percent per year, compounded quarterly.
Answer:
The cost is $322.88.
Step-by-step explanation:
18% off the list price of $375
Before the sales tax, you pay 100% - 18% = 82% = 0.82 of 375, so:
0.82*375 = 307.5
5% sales tax:
100% + 5% = 105% = 1.05 of 307.5. So
307.5*1.05 = 322.88
The cost is $322.88.
It is the graph of p is steeper than the graph of q.
Answer:
Equation:(4 2/5)/2/5=? ; estimate: a
little more than 10 magazines; answer:
11 magazines in the stack.
Step-by-step explanation:
Answer: 24 pints
Step-by-step explanation:
multiply the volume value by 8
3*8=24