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Valentin [98]
3 years ago
6

VERY URGENT PLS LOOK AT PICTURE

Mathematics
1 answer:
ratelena [41]3 years ago
7 0

Answer:

Number of year = 25 year and 7 month (Approx.)

Step-by-step explanation:

Given:

Amount deposit = $200,000

Future amount = $1,000,000

Rate of interest = 6.5%

Find:

Number of year

Computation:

Using compound amount formula;

A = P[1+r]ⁿ

1,000,000 = 200,000[1+6.5%]ⁿ

1,000,000 / 200,000 = [1+6.5%]ⁿ

5 = [1+0.065]ⁿ

n = 25.557

Number of year = 25.557

Number of year = 25 year and 7 month (Approx.)

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THE AnSwEr is ttttttttttttttttthhhhhhhhhhhhhhhiiiiiiiiiiiiiirrrrrrrrrrrttttttttttttyyyyyyyyyyyy ssssssssssssssssssiiiiiiiiiiiiiiiiiiiiiixxxxxxxxxxxxxxxx

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5 0
4 years ago
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{\qquad\qquad\huge\underline{{\sf Answer}}}

Here's the explanation ~

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5 0
2 years ago
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