Answer:
8 4/5
Step-by-step explanation:
Enter it into a calculator
Answer: 12
Step-by-step explanation:
Answer:
soudgqa
Step-by-step explanation:
Answer:

Step-by-step explanation:
we know that
The compound interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above
solve for t
Simplify
Apply log both sides
Apply property of logarithms

Divide 150,000 by 100 and that quotient is the number of hundreds in 150,000.
150,000 / 100 = 1500
There are 1,500 hundreds in 150,000