The future value (A) of a principal amount P compounded 12 times per year at rate r for t years is given by
A = P·(1 + r/12)^(12t)
Substitute the given values and solve for t.
3000 = 175·(1 + .03/12)^(12t)
Taking logarithms, this becomes
log(3000) = log(175) + 12t·log(1.0025)
(log(3000) -log(175))/(12·log(1.0025)) = t
t ≈ 94.84
It will take 95 years for the balance to grow by a factor of 17 to $3000.
Answer:
I think it's C if it's not C i'm sorry
Step-by-step explanation:
Answer:
B
Step-by-step explanation:
given y = kx
To find k use the x and y values of the coordinate point given (- 5, 3)
k = 
= 
= - 
Step-by-step explanation:
Can you please reword your problem
He bought 36 baseball cards. Since 3/4 of the 48 cards are baseball cards, you need to find 75% of 48, which is 75*48, which is 36 cards. Hope this helps.
