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Lana71 [14]
3 years ago
13

Please answer this as soon as possible.

Mathematics
1 answer:
Vlad [161]3 years ago
7 0
I’m pretty sure it’s b
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EleoNora [17]

Answer:

18 years

Step-by-step explanation:

The formula for computing accrued amount A for a principal of P at an interest rate of r(in decimal) compounded n times in a year for t years is given by

A = P(1 + \frac{r}{n})^{nt}

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We can rearrange the above equation to:

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log(\frac{A}{P}) = log(1 + \frac{r}{n})^{nt}

This gives

log(\frac{A}{P}) =nt \times log(1 + \frac{r}{n})\\So,\\nt = \frac{log(\frac{A}{P})}{ log(1 + \frac{r}{n})}

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1 + r/n = 1+0.0075 = 1.0075

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2 years ago
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5 0
3 years ago
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