Answer: 1/16
0.0625
Step-by-step explanation:
Before we start answering the question, let's define the compound interest formula:
Where:
<span>'A'</span> is the amount of money in dollars
'P' is the principal amount of money in dollars
'r' is the interest rate (decimal)
'n' is the number of times interest is compounded per year
't' is the time in years
<span>
(A) Find Principal Amount</span><u /><span><u>Given:</u>
</span>A = 12,000
P = ?
r = 0.08
n = 2 (semiannually)
t = 5
Now we plug our values in and solve:



∴ You would have to deposit $8106.77 in order to have $12,000 in 5 years from now.
(B) Find Principal AmountSame given values as above, with the exception of 't' which is now 10 instead of 5.



∴ You would have to deposit $5476.64 in order to have $12,000 in 10 years from now.
Hope this helps!
Answer:
x= 3.096
Step-by-step explanation:
divide both sides by 5: 3^(x-1)= 10
then take the log to get log_3 (10) = x-1 = 2.096
x= 3.096
Answer:
Hira
Step-by-step explanation:
They are going at the fastest speed as 9 is the most
X=23 First, you have to subtract 12 by 12 to cancel it out. Next, you have to do the same thing to 20.05. 20.05 minus 12 is 8.05. All you have left is .35x. To get rid of the this you have to divide .35x by .35. Now all you have left is x. Finally you have to do the same thing to 8.05. 8.05 divided by .35 is 23. So, x=23