Answer:
11 years.
Step-by-step explanation:
Given that Carter invested $ 16,000 in an account paying an interest rate of 5.6% compounded monthly, to determine, assuming no deposits or withdrawals are made, how long would it take, to the nearest year, for the value of the account to reach $ 29,600, the following calculation must be performed:
16,000 x (1 + 0.056 / 12) ^ Yx12 = 29,600
Y = 11
16,000 x 1.4666 ^ 132 = X
29,581.70 = X
Thus, rounded to the nearest year, it would take 11 years for the account to reach $ 29,600.
Answer: i dont know sorry
Step-by-step explanation:
It is easier (for me anyway) to find 10% then work around that.
Following that path would mean that, by making a table:
100% = 220
10% = 22
5% (Which is half the 10) = 11
The answer is 39.0375 but rounded to dollars and cents it would be $39.04 including a 25% tip.
