Answer: 2years, 5 months
Step-by-step explanation:
Principal, P = $6000
Rate, R = 3%
Interest, I = $450
Time, T =?
Simple Interest, I = P x T x R/ 100
making T, subject of formula
T = 100 x I/ P x T
Substituting the values into the equation,
T = 100 x 450/ 6000 x 3
T = 45000/ 18000
T = 2.5years = 2years, 5 months
Interest is $1,320. <span><span>P is the principal amount, $6,600.
</span><span>r is the interest rate, 4% per year, or in decimal form, 4/100=0.04.
</span><span>t is the time involved, 5 years time periods.
</span><span>So, t is 5 year time periods.
</span></span>I= p x r x t
In order to get the final number just add $1,320 + $6,600 which is $7,920
C equals 17.5 you have to cross multiply to find what c is equal to
I can help you if you still!!!
Answer:
Exact Form:
log (
7
)
log (
3
)
Decimal Form:
1.77124374
Step-by-step explanation: