It will take Nolan 7 years compounded annually at the rate of 3% for his money to reach $6880
To solve this problem, we would use the formula of compound interest.
Data given;
- A = 6880
- P = 5300
- r = 3.8 % = 0.038
- N = 1
<h3>Compound Interest</h3>
The formula used in calculating compound interest is given as

let us plug in the values and solve for t.

Take the natural log of both sides

The time it will take for $5330 compounded annually at the rate of 3% is 7 years.
Learn more on compound interest here;
brainly.com/question/2455673
Answer:
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Answer:
7 grams per pencil
Step-by-step explanation:
49 grams/7 pencils
divided both parts of the fraction by 7 to simplify to the number of grams for just one pencil so you end up with:
7 grams/1 pencil
Answer:
-2.5 is the value of x in this question
to get the equation of any straight line, we simply need two points off of it, let's use the ones in the picture below.
