Here is the compound interest formula solved for years:
<span>Years = {log(total) -log(Principal)} ÷ log(1 + rate)
</span>Years = {log(800) - log(600)} <span>÷ log(1.025)
</span><span>Years = {2.903089987 -2.7781512504} / 0.010723865392
</span>Years = {
<span>
<span>
<span>
0.1249387366
} / </span></span></span><span><span><span>0.010723865392
</span>
</span>
</span>
Years =
<span>
<span>
<span>
11.6505319708
</span>
</span>
</span>
That's how many years it takes for the $600 to become exactly $800.00
The question specifically asks how long for the money to be MORE than $800.00?
So, if we enter 800.01 into the equation, then the answer is
Years = {log(800.01) - log(600)} <span>÷ log(1.025)
</span><span>Years = {2.9030954156 -2.7781512504} / 0.010723865392
</span>Years =
<span>
<span>
<span>
0.1249441652
</span>
</span>
</span>
/ 0.010723865392
<span>
<span>
<span>
Years = 11.6510381875
</span>
</span>
</span>
<span><span> </span></span>
Answer:
13. 70(two digits 7 times 10 which is a multiple of 5)
Hope This Helps!!!
Answer:
true
Step-by-step explanation:
as negative takeaway a negative is positive so 8-(-4)= 8+4=12
Answer:
With alpha 0.95 and 8 degrees of freedom χ²= 2.73
And with alpha 0.05 and 8 degrees of freedom χ²=15.51
Step-by-step explanation:
The significance level ∝ = 1- 0.9 = 0.1
But we need the area of the middle so we divide this significance level with 2
so that we get exactly the middle area .
Dividing 0.1/2= 0.05
So we will have two values for chi square
One with 0.9 + 0.05 = 0.95 alpha and one with 0.05 alpha . This is because the chi square is right tailed.
So with alpha 0.95 and 8 degrees of freedom χ²= 2.73
And with alpha 0.05 and 8 degrees of freedom χ²=15.51
This can be shown with a graph.
Answer: the x value of a graph, table, or equation
yw
Step-by-step explanation:
