We have been given that you invest $100,000 in an account earning 8% interest compounded annually. We are asked to find the time it will take the amount to reach $300,000.
We will use compound interest formula to solve our given problem.
, where,
A = Final amount after t years,
P = Principal amount,
r = Annual interest rate in decimal form,
n = Number of times interest is compounded per year,
t = Time in years.






Let us take natural log on both sides of equation.

Using natural log property
, we will get:




Upon rounding to nearest tenth of year, we will get:

Therefore, it will take approximately 14.3 years until the account holds $300,000.
I use a calculator and made sure it was in degrees
The fraction computed shows that the total quantity of meat that Joy bought is 5/6kg.
<h3>How to solve the fraction?</h3>
The fraction can be explained thus: Joy bought 1/2kg of meat from a store and bought 1/3kg of meat from store B. What is the total quantity of meat that Joy bought?
The total quantity of meat that Joy bought will be:
= 1/2 + 1/3
= 5/6
In conclusion, the correct option is 5/6kg.
Learn more about fractions on:
brainly.com/question/78672
Answer:
6.1
Step-by-step explanation:
Taking cos function,
Cos C=BC/AC
Cos 35°=5/a
a=5/cos 35°
a=6.1