Answer:
The time required to get a total amount of $ 640.00 from compound interest on a principal of $ 440.00 at an interest rate of 5.6% per year and compounded 365 times per year is approximately 7 years.
Step-by-step explanation:
Given
- Principle Amount P = $440
- Interest rate r = 5.6% = 0.056
To determine:
Time period t = ?
Using the formula

solving for t
t = ln(A/P) / n[ln(1 + r/n)]
substituting the values A = 640, P = 440, n = 365 and r = 0.056
t = ln(640/440) / ( 365 × [ln(1 + 0.00015342465753425/365)] )
t = 6.691
t ≈ 7 (nearest year)
Therefore, the time required to get a total amount of $ 640.00 from compound interest on a principal of $ 440.00 at an interest rate of 5.6% per year and compounded 365 times per year is approximately 7 years.
Answer:
C. 81
Step-by-step explanation:
Answer:
1, 5.8 represents the unit value. the slope is 5.8 so every time it moves over one vertical line it will go up 5.8 horizontal lines.
Step-by-step explanation:
Idk if ya still need it or if this will help but this is what i put for mine
Concepts that I had previously learned about are quite important because math goes hand and hand. if you try to skip something and go ahead you'll most likely get confused because there could of been something highly important to that would help you understand whats ahead. in the previous unit it tells you about triangles and their description like a right triangle-90 degree angle and where legs and hypotenuse is located, this unit has had a ton about right triangles.