The time taken if the interest is compounded quarterly will be 21.212 years or about 21 years 3 months.
We have,
Principal = 2900,
Amount = 25,600
And,
Rate of Compounded Interest = 10.4%
According to the question,
Interest is compounded quarterly,
So,
Rate of Compounded Interest = = 2.6%
Now,
Using the Compound Interest formula,
i.e.
A = P(1 +
i.e.
25600 = 2900(1 +
On solving we get,
= (
On solving further,
t =
On solving for log,
We get,
t = 21.212 years or about 21 years 3 months
Hence, we can say that the time taken if the interest is compounded quarterly will be 21.212 years or about 21 years 3 months.
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Answer: 1/b^5 (D)
Step-by-step explanation:
Is this a UTHS course I'm seeing?
D because that graph hits all the points that you gave in your question.
Idk but i think it’s either 14 or 15 I might be wrong sorry if I am Bc i didn’t get 44 i either got 45 or 43 I got 43 when I put 14 if that helps and 45 when I put 15
Answer:
for the first one, it is the first answer, a. the second one is 1/8.
Step-by-step explanation:
Hope it is correct.