The formula is
A=p (1+r)^t
A future value 7300
P present value 1500
R interest rate 0.0675
T time?
7300=1500 (1+0.0675)^t
Solve for t
Divide both sides by 1500
7300/1500=1.0675^t
Take the log for both sides
Log (7300/1500)=t×log (1.0675)
Divide both sides by log (1.0675)
T=log(7,300÷1,500)÷log(1.0675)
T=24.2 years round your answer to get 24 years
Hope it helps!
306 cause 2448divided by 8
Answer:
Jim would get 1500, Martha gets 2250
Step-by-step explanation:
Answer:
Two times of your age = 16 × 2 = 32
So, 200 reduced = 32 - 200 =<u> - 163 </u><u>years</u>
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