Answer:
7 years 11 months
Step-by-step explanation:
The future value formula for the value of a principal P invested at annual rate r compounded n times yearly for t years is ...
FV = P(1 +r/n)^(nt)
For the given numbers, we want to find t:
6000 = 3700(1 +.062/2)^(2t)
Dividing by 3700 and taking the logarithm, we get ...
6000/3700 = 1.031^(2t)
log(60/37) = 2t·log(1.031)
Dividing by the coefficient of t gives ...
t = log(60/37)/(2log(1.031)) ≈ 7.92 . . . . . years
It will take about 7 years 11 months for the investment to grow to $6000.
Yes
For example: Cut an apple into 9ths and another one into 8ths. Which has a bigger slice?
Answer:
average = 52, 100 on fourth test
Step-by-step explanation:
average = 75 + 74 + 71 = 156 / 3 = 52
average = 52
b grade = 75 + 74 + 71 + 100 = 320 / 4 = 80
to get a b grade she must get 100 on her fourth test
I guess this is the answer.
