Answer:
365
Step-by-step explanation:
alright so technically everybody says it is 365 days so there you go
Answer:
85
Step-by-step explanation:
Order of operations rules (PEMDAS) govern here. Anything inside parentheses must be done first, followed by exponentiation, mult. and div., and add. and subtr. last.
Add 2+5 first: 5 + 2*{(7)*5 + 5}
Perform the work shown inside the brackets { and }: 5 + 2*{40}
Perform the indicated mult.: 5 + 80
Finally, add: 85
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
