I will give brainliest answer pls help
2 answers:
You might be interested in
Note: a radioactive decay constant is always negative.
time = [natural log(ending amount / beginning amount)] / k
time = ln (20 / 24) / -.00011
time = ln (5/6) / -.00011
time = -.018232155683 / -.00011
time = <span> <span> <span> 165.7468698455 </span> </span> </span>
time = <span> <span> <span> 165.75 years
</span></span></span>
time = [natural log(ending amount / beginning amount)] / k
time = ln (20 / 24) / -.00011
time = ln (5/6) / -.00011
time = -.018232155683 / -.00011
time = <span> <span> <span> 165.7468698455 </span> </span> </span>
time = <span> <span> <span> 165.75 years
</span></span></span>
The amount that is the closest to the account balance at the end of 4 years is given by: Option B: $5,860. 53 (approx)
<h3>How to calculate compound interest's amount?</h3>If the initial amount (also called as principal amount) is P, and the interest rate is R% per unit time, and it is left for T unit of time for that compound interest, then the interest amount earned is given by:
The final amount becomes:
For the considered case, we're given that:
- Initial amount Laura deposited = $5,500 = P
- Type of interest: Compound interest
- Unit of time: Annually
- Rate of interest = 1.6% annually = R
- Total unit of time for which amount is to be calculated: 4 years = T
The final amount at the end of 4 years in the considered account of Laura is evaluated as:
Thus, he amount that is the closest to the account balance at the end of 4 years is given by: Option B: $5,860. 53 (approx)
Learn more about compound interest here: