Distance between (1,5) (4,1)
2 answers:
<em>The</em><em> </em><em>right</em><em> </em><em>answer</em><em> </em><em>is</em><em> </em><em>5</em><em> </em><em>units</em>
<em>Look</em><em> </em><em>at</em><em> </em><em>the</em><em> </em><em>attached</em><em> </em><em>picture</em>
<em>Hope</em><em> </em><em>it</em><em> </em><em>will</em><em> </em><em>help</em><em> </em><em>you</em>
<em>Good</em><em> </em><em>luck</em><em> </em><em>on</em><em> </em><em>your</em><em> </em><em>assignment</em>
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It will take 19 years and 6 months for the account value to reach 2900 dollars
Step-by-step explanation:
Given
Principal amount = 1400 dollars
Rate = 5.5 %
Final value = A = 2900
We have to find t
So,
The formula for simple interest is:
Putting values
Dividing both sides by 0.055
Rounding off to nearest tenth
19.5 years
Hence,
It will take 19 years and 6 months for the account value to reach 2900 dollars
Keywords: Interest, simple interest
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