The time required to get a total amount of $15,500.00 with compounded interest on a principal of $8,500.00 at an interest rate of 6% per year and compounded 2 times per year is 10.162 years (about 10 years 2 months)
<h3>Compound Interest Analysis</h3>
Given Data
Calculation Steps:
First, convert R as a percent to r as a decimal
r = R/100
r = 6/100
r = 0.06 per year,
Then, solve the equation for t
t = ln(A/P) / n[ln(1 + r/n)]
t = ln(15,500.00/8,500.00) / ( 2 × [ln(1 + 0.06/2)] )
t = ln(15,500.00/8,500.00) / ( 2 × [ln(1 + 0.03)] )
t = 10.162 years
Learn more about compound interest here:
brainly.com/question/24924853
Answer:
800
Step-by-step explanation:
38 rounded up is 40
23 rounded down is 20
2x4=8
add the zeros
800
A 252
To find area of a trapezium it is 1/2 the sum of the parallel sides time the height between them in this case it is 1/2(6+12)(8)
