Answer:
It will take 55 years for the account value to reach 38200 dollars
Step-by-step explanation:
This is a simple interest problem.
The simple interest formula is given by:
In which E are the earnings, P is the principal(the initial amount of money), I is the interest rate(yearly, as a decimal) and t is the time.
After t years, the total amount of money is:
.
In this problem, we ahve that:
So
First we find how much we have to earn in interest.
.
How much time to earn this interest?
Rounding up
It will take 55 years for the account value to reach 38200 dollars
The answer is 4.85, rounded
Answer: They're capitals of cities.
Step-by-step explanation:
You could continue the set with Madrid, Bucharest, Sofia, Luxembourg, Berlin, Rome, Athens... and so on.