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 distance around a figure is called the perimeter.
Hope this helps :)
There are no zeroes for an expression, only for equations.
Assuming equation to be
<span>−7x^2 − 91x − 280=0
-7(x^2+13x+40)=0
-7(x+8)(x+5)=0
by the zero product properties,
x+8=0 => x=-8
or
x+5=0 => x=-5</span>
Answer:
9.68%
Step-by-step explanation:
cost of car = $35,000
down payment = $3,000
number of monthly instalments= $65
amount in every monthly instalment= $539.99
total monthly payment= 65×539.99= 35099.35
amount to be paid apart from downpayment= $35,000-3000= 32,000
therefore total interest paid in 65 months= 35099.35-3200= $3099.35
now, monthly interest rate 
⇒ r= 9.68%
The formula for finding the surface area of a cube is A=6y^2 where y is the side length. we know a=96. so we just isolate y.
96/6= 6y^2 / 6
16=y^2
sqrt (16) = sqrt(y^2)
4=y
So y is 4
