35.64 is the correct answer
Answer:
The price was reduced by 25%
Step-by-step explanation:
Not sure how to go step by step on this, because it's kinda obvious once you think about it a bit. You need to find what percent of 40 that 10 equals (if that makes sense). So really it's just what percent of 40 equals 10? and since 10 is one fourth of forty, 1/4, then you convert that to percent: 25% (sorry if this made no sense, i'm not very good at explaining things)
Answer:
160 well it was 155 but u round up to 160
Step-by-step explanation:
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
