Hi there
The formula is
A=p (1+r)^t
A future value 11700
P present value 900
R interest rate 0.0875
T time?
We need to solve for t
T=log (A/p)÷log (1+r)
So
T=log(11,700÷900)÷log(1+0.0875)
T=30.6years round your answer to get
T=31 years
Hope it helps
3.14/5.71=0.18330414466 years
hope this hepls
Divide 45 by 150 then multiply by 100:
45 / 150 = 0.3
0.3 x 100 = 30%
The answer is 30%
Step-by-step explanation:
You have to retain a certain amount of money
in that account forever. Say you need $50 to
start an account, you have $200 in that account.
You cannot take out more than $150 from that
account.
