Answer:
the answer should be A
Step-by-step explanation:
Hope this helps!
Use the given values in the compound interest formula to solve for time, n.
A is the final amount of money, $2800
P is the initial or starting amount $1900
i is the interest rate as a decimal 0.025
n is time in years since it annual.
2800 = 1900(1 + 0.025)^n
2800 = 1900(1.025)^n
2800/1900 = (1.025)^n
28/19 = (1.025)^n
take the natural log of both sides to solve for exponent.
ln(28/19) = ln(1.025^n)
power rule of logarithmic moves exponent
ln(28/19) = n*ln(1.025)
ln(28/19) / ln(1.025) = n
put into a calculator
15.7 years = n
1. Set up the long addition.
2 4 7
+3 5 8
_______
2. Calculate 7+8, which is 15.
since 15 is two-digit, we carry the first digit 1 to the next column.
1
2 4 7
+ 3 5 8
________
5
3. Calculate 4+5, which is 9. Now add the carry digit of 1, which is 10. Since 10 is two-digit, we carry the first digit 1 to the next column.
1 1
2 4 7
+ 3 5 8
________
0 5
4. Calculate 2+3, which is 5. Now add the carry digit of 1, which is 6.
1 1
2 4 7
+3 5 8
______
6 0 5
5. Therefore, 247 + 358 = 605.
605
