Hi there
The formula is
A=p (1+rt)
We need to solve for t
T=[(A/p)-1]÷r
Where
A future value 2200
P present value 1000
R interest rate 0.08
T time?
So
T=((2,200÷1,000)−1)÷0.08
T=15 years
Another time like this question you should post in at mathematics subject
Hope it helps
Answer:
Explanation:
recession
[rəˈseSH(ə)n]
NOUN
a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.
synonyms:
economic decline · downturn · depression · slump · slowdown · trough · credit crunch · credit squeeze · stagnation · stagflation · hard times · bust
astronomy
the action of receding; motion away from an observer.
An emt paramedic or anyone involved with ems
Its 70 and 7/8 because 56×81÷64=70.875= 70 7/8
