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Anastaziya [24]
2 years ago
14

Sally walks away from her

Mathematics
2 answers:
NeTakaya2 years ago
7 0

Answer:

40 meters

Step-by-step explanation:

Lemur [1.5K]2 years ago
4 0
40 meters away from her house
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On the day that Ramon is born, his grandfather deposited $5000 for him in a certificate of deposit paying 10% interest compounde
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The time required to get a total amount of $1,000,000.00 with compounded interest on a principal of $5,000.00 at an interest rate of 10% per year and compounded 1 times per year is 55.59 years.

<h3>Given data</h3>

Principal = $5,000

Rate = 10%

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Time = ?

First, convert R as a percent to r as a decimal

r = R/100

r = 10/100

r = 0.1 per year,

Then, solve the equation for t

t = ln(A/P) / n[ln(1 + r/n)]

t = ln(1,000,000.00/5,000.00) / ( 1 × [ln(1 + 0.1/1)] )

t = ln(1,000,000.00/5,000.00) / ( 1 × [ln(1 + 0.1)] )

t = 55.59 years

(about 55 years 7 months)

Learn more about compounding interest at:

brainly.com/question/1570054

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WILL MARK YOU BRAINLIEST!!!!
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