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
Answer:
Step-by-step explanation:
A + B= 180°
(5x+20)+(9x-92)=180°
14x-72=180°
14x=252
x=18
A=5(18)+20
A=110
Ok...so u have 4 people sharing this plan...they each pay for their own data..however, the $ 90 flat rate is split between them equally.
90/4 = 22.5....so each of them pay 22.50 each for the flat rate.
so John's equation is : 22.5 + 0.25x = 147.50
I believe the answer is:
y+18 = (-52/3)(x-3) in point slope form
Let me know if you need an explanation. Hope this helps.
