The time required to get a total amount of $13,200.00 with compounded interest on a principal of $7,000.00 at an interest rate of 5.5% per year and compounded 12 times per year is 11.559 years. (about 11 years 7 months)
Answer:
t = 11.559 years
<h3>Compound Interest </h3>
Given Data
(about 11 years 7 months)
Calculation Steps:
First, convert R as a percent to r as a decimal
r = R/100
r = 5.5/100
r = 0.055 per year,
Then, solve the equation for t
t = ln(A/P) / n[ln(1 + r/n)]
t = ln(13,200.00/7,000.00) / ( 12 × [ln(1 + 0.055/12)] )
t = ln(13,200.00/7,000.00) / ( 12 × [ln(1 + 0.0045833333333333)] )
t = 11.559 years
Learn more about compound interest here:
brainly.com/question/24924853
Answer:
See below
Step-by-step explanation:
It looks like
- AB⟂CD
- AB and CD bisect each other.
Answer:
x = 2 and x = 10
Step-by-step explanation:
(x+3)^2 = (x - 5)^2 + (x + 2)^2
x^2 + 6x + 9 = x^2 - 10x + 25 + x^2 + 4x + 4
x^2 + 6x + 9 =2x^2 - 6x + 29
x^2 - 12x + 20 = 0
(x - 10)(x - 2) = 0
x - 10 = 0; x = 10
x - 2 = 0; x = 2
Answer:
= 56/ 15 and 3 11/15
Step-by-step explanation:
1 3/5 x 2 1/3
= 8/5 x 7/3
Answer:
25%
Step-by-step explanation:
9/12 = 3/4
1/4 (the months he wasn't working) = 25%
