Answer:
It will take 4.84 years
Step-by-step explanation:
The initial amount that Matt invested was $1669. It means that principal is
P = 1669
It was compounded 12 times per year. So
n = 12
The rate at which the principal was compounded is 2%. So
r = 2/100 = 0.02
The formula for compound interest is
A = P(1+r/n)^nt
A = total amount in the account at the end of t years.
A = 1,844.38
Therefore
1,844.38 = 1669(1+0.02/12)^(12×t)
1,844.38/1669 = (1.0017)^(12t)
1.1051 = (1.0017)^(12t)
Taking log to base 10 of both sides, it becomes
Log 1.1051 = log 1.0017^(12t)
Log 1.1051 = 12tlog 1.0017
0.043 = 0.00074 × 12t
0.043 = 0.00888t
t = 0.043/0.00888
t = 4.84 years
Answer
34/96 or simplify it, 17/48
Step-by-step explanation:
62+34=96
And because you have 34 white socks, 34/96 or simplify it, 17/48
Answer:
x= 7/5 (1 2/5 or 1.4)
Step-by-step explanation:
Move the variable to the left-hand side and change its sign.
12x-15+3x=6
Move the constant to the right-hand side and change its sign.
12x+3x=6+15
Collect like terms.
15x=21
Divide both sides of the equation by 15.
x=7/5 (1 2/5 or 1.4)
Answer:
9. $2,860 per month
10. $660 per week
11. $94 per day <u><em>(not 100% sure on this one, not sure if its getting techinical with working 5 days a week)</em></u>
Step-by-step explanation:
9. $34,320 divide by number of months in a year (12)
10. $34,320 divide by number of weeks in a year (52)
11. $34,320 divide by number of days in a year (365)
Answer:
the second one
Step-by-step explanation:
trust me i've done this before
