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Irina18 [472]
2 years ago
5

Molly Invests $8,600 into her son's college fund, which earns 3% annual interest

Mathematics
1 answer:
8_murik_8 [283]2 years ago
7 0

Answer:

n= 13.8 years

Step-by-step explanation:

<u>First, we need to determine the daily interest rate:</u>

Daily interest rate= 0.03 / 365

Daily interest rate= 0.000082

<u>Now, using the following formula we can determine the number of days and years:</u>

n= ln(FV/PV) / ln(1+i)  

n= ln(13,000 / 8,600) / ln(1.000082)

n= 5,039 days

<u>In years:</u>

n= 5,039/365

n= 13.8 years

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Answer:

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Step-by-step explanation:

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melamori03 [73]

9514 1404 393

Answer:

  3) y = √10

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Step-by-step explanation:

The side ratios of an isosceles right triangle (one of the "special" right triangles) are ...

  1 : 1 : √2

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Step-by-step explanation:

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