Answer:
4 min
Step-by-step explanation:
if you look at the plot the dot is a 4
The time it will take the principal to grow to the desired amount is 0.7 years
Using the compound interest formula :
A = P(1 + r/n)^(nt)
A = final amount = 225,000
P = principal = 180,000
r = rate = 3.12%
n = Number of compounding times per period = 12(monthly)
t = time
225000 = 180000(1 + (0.0312 /12))^(12t)
Divide both sides by 180000
225000/180000 = (1 + (0.0312 /12))^(12t)
1.25 = 1.026^12t
Take the log of both sides
0.0969100 = 0.0111473 × 12t
0.0969100 = 0.1337676t
Divide both sides by 0.1337676 to isolate t
0.0969100 / 0.1337676 = t
0.7244 years
0.7 years
It will take 0.7 years for the amount to grow
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No
5*x= x (correct)
5*1=5 (incorrect)
When I say correct or incorrect it means that it does/doesn’t match 5x+1
An expression to show would be : g/12
The formula for the circumference of a circle = 2 x radius x pi
The radius is given as 21 cm and pi = 3.142
Circumference = 2 x 21 x 3.142 = 131.964 cm
