The time required to get a total amount of $13,200.00 with compounded interest on a principal of $7,000.00 at an interest rate of 5.5% per year and compounded 12 times per year is 11.559 years. (about 11 years 7 months)
Answer:
t = 11.559 years
<h3>Compound Interest </h3>
Given Data
(about 11 years 7 months)
Calculation Steps:
First, convert R as a percent to r as a decimal
r = R/100
r = 5.5/100
r = 0.055 per year,
Then, solve the equation for t
t = ln(A/P) / n[ln(1 + r/n)]
t = ln(13,200.00/7,000.00) / ( 12 × [ln(1 + 0.055/12)] )
t = ln(13,200.00/7,000.00) / ( 12 × [ln(1 + 0.0045833333333333)] )
t = 11.559 years
Learn more about compound interest here:
brainly.com/question/24924853
The answer is 48 because you multiple four and 12 because they used twice the amount
Answer:
set the equations equal to each other, the equations are equal. then find value of x
Step-by-step explanation:
5x+17=3x-4
solve from here
hope this helped boo;p
Answer:
96 cm^2
Step-by-step explanation:
Total Surface Area of a square pyramid:
A = L + B = a2 + a√(a2 + 4h2))
A = a(a + √(a2 + 4h2))
Hi!
The equation looks like this:
P = N * 12, where P represents the total number of pencils and N is number of packs
Hope this helps!
