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
Base case: if <em>n</em> = 1, then
1² - 1 = 0
which is even.
Induction hypothesis: assume the statement is true for <em>n</em> = <em>k</em>, namely that <em>k</em> ² - <em>k</em> is even. This means that <em>k</em> ² - <em>k</em> = 2<em>m</em> for some integer <em>m</em>.
Induction step: show that the assumption implies (<em>k</em> + 1)² - (<em>k</em> + 1) is also even. We have
(<em>k</em> + 1)² - (<em>k</em> + 1) = <em>k</em> ² + 2<em>k</em> + 1 - <em>k</em> - 1
… = (<em>k</em> ² - <em>k</em>) + 2<em>k</em>
… = 2<em>m</em> + 2<em>k</em>
… = 2 (<em>m</em> + <em>k</em>)
which is clearly even. QED
Answer:
Step-by-step explanation:
Multiply both sides by 7 to get rid of the denominator on the Right Side (RS). Do the same for the left side (LS) by multiplying both sides by 5 to get:
Simplify: 
Divide both sides of the equation by 7 to get: 
Question:
Sam is delivering two refrigerators that each weigh 105 kilograms. There is an
elevator with a weight limit of 1,000 pounds. Can he take both refrigerators on the
elevator in one trip? (1 kilogram 2.2 pounds)
Answer: yes he can
Step-by-step explanation:
Yes he can.
He can if the total weight of the 2 refrigerator didn't exceed the weight limit of the elevator.
Therefore:
Since 1 refrigerator weigh 105kg
2 refrigerator = 2 x 105kg = 210kg
The weight limit of the elevator 1000pounds convert to kg.
Since
2.2 pounds = 1kg
1000 pounds = 1000/2.2 kg
=454.55kg
Weight limit of the elevator = 454.55kg.
Since Weight of the 2 refrigerator is less than
weight limit of the elevator, he can take both refrigerators on the elevator in one trip
Answer: $37077.12
Step-by-step explanation:
Please see the attachment below
