Answer:
About 31 years
Step-by-step explanation:
Given data
Principal= $3500
Rate= 4.75%
Final amount= $15,000
Time=??
The expression for time on compound interest is
Calculate time, solve for t
t = ln(A/P) / r
substitute
Calculate time, solve for t
t = ln(15000/3500) / 0.0475
t= ln(4.2857)/ 0.0475
t= 1.4552/0.0475
t= 30.63 years
Hence it will take about 31 years
Answer:
5x - 2 = 3x = 14
8x -2 = 14
8x = 14 + 2
8x = 16
x = 2
Step-by-step explanation:
Answer:
What exactly is your question?
Step-by-step explanation:
The answer to this question is D
