Answer:
5 years and 5 months
Step-by-step explanation:
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<u>Compound Interest Formula</u>
where:
- A = final amount
- P = principal amount
- r = interest rate (in decimal form)
- n = number of times interest applied per time period
- t = number of time periods elapsed
Given:
- A = $17,474.00
- P = $7,790.00
- r = 15% = 0.15
- n = 12
- t = number of years
Substitute the given values into the formula and solve for t:
Therefore, the money was in the account for 5 years and 5 months (to the nearest month).
Answer:
D
Step-by-step explanation:
Have a nice day
The function f(x) = 4(4)x represents the growth of a fly population every year in a remote swamp.
calculates three times a year, not just once a year.
3 times a year
so x becomes 3x
Take log on both sides
Use log property and move exponent before log
Divide both sides by x
log 4 = 3 log(1+r)
Solve for '1+r'
log 4 = log(1+r)^3
Remove log from both sides
4 = (1+r)^3
take cube root on both sides
1.584740= 1+r
1+r = 1.59
so equation becomes
1+r = 1.59
subtract 1 from both sides
So r= 59 = 59%
So growth factor is 59%
Answer is option C
Brian as 8 cards.
The fraction that show how many are baseball cards is 5/8, because 5 cards from the total amount are baseball cards. Good luck !
