Answer:
B
Step-by-step explanation:
Simple interest is based on the principal amount of a loan or deposit.
Answer:
A
Step-by-step explanation:
this is true due to the ratio of a 30-60-90 triangle, which is 1-2-sqrt(3). The 12 corresponds to the sqrt(3), which means that the 1 corresponds to 4sqrt3 and the 2 to 8sqrt3.
:)
Answer:
We first must solve for x
When we have x, we put it in to the second equation
Answer: it will take 13.3 years
Step-by-step explanation:
We would apply the formula for determining compound interest which is expressed as
A = P(1+r/n)^nt
Where
A = total amount in the account at the end of t years
r represents the interest rate.
n represents the periodic interval at which it was compounded.
P represents the principal or initial amount deposited
From the information given,
P = 6000
A = 10000
r = 4% = 4/100 = 0.04
n = 12 because it was compounded 12 times in a year.
Therefore,.
10000 = 6000(1 + 0.04/12)^12 × t
10000/6000(1 + 0.0033)^12t
1.67 = 1.0033^12t
Taking log to base 10 of both sides, it becomes
Log 1.67 = 12tLog 1.0033
0.223 = 12t × 0.0014
0.223 = 0.0168t
t = 0.223/0.0168
t = 13.3 years
