a) The formula for compound interest is:
Total = starting amount x (1 + interest rate)^ number of years
b)
Using the given information you have:
1200 = 500 x (1+0.045)^x where x is the length of time you want to find.
1200 = 500 (1.045)^x
Divide both sides by 500:
2.4 = 1.045^x
Use natural logarithms:
ln(1.045^x) = ln(2.4)
Solve for x:
X = ln(2.4) / ln(1.045)
X = 19.889 years ( Round the answer as needed).
Answer:
6 1/12
Step-by-step explanation:
3 2/3= 3 8/12, 1 3/4= 1 9/12, 2/3= 8/12 || add (3 8/12+ 1 9/12+ 8/12= 4 25/12= 6 1/12)
-2w < -18 <em>change the signs</em>
2w > 18 <em>divide both sides by 2</em>
<h3>w > 9</h3>
If the number is greater than 1, that means that it will be larger than 3/5. 3/5 * 1 = 3/5.
