Yes you did the equation on this page correctly.
A is the correct awnser good luck
Answer:
For #2: It's C. 17 nickels and 15 quarters.
Step-by-step explanation:
17*5= 85
15*25= 375
375+85= 460
add in the decimal:
17* 5 cents= $.85
15* 25 cents= $3.75
$3.75+ $.85= $4.60
You will need to use this formula:
<span>Years = {log(total) -log(Principal)} ÷ log(1 + rate)
Years = [log(15,000) - log(2,500)] / log (1.0525)
</span>
<span>
<span>
<span>
4.1760912591
</span>
</span>
</span>
-
<span>
<span>
<span>
3.3979400087
</span>
</span>
</span>
/
<span>
<span>
<span>
0.0222221045
</span>
</span>
</span>
=
<span>
<span>
<span>
0.7781512504
</span>
</span>
</span>
/ <span>
<span>
<span>
0.0222221045 =
</span></span></span>
<span>
<span>
<span>
35.0169917705
</span>
</span>
</span>
years
About 35 years
You'll find the formula here: http://www.1728.org/compint2.htm
And a compound interest calculator here: http://www.1728.org/compint.htm
(You'll find both are helpful for this problem).
