The number of years it would take $4000 to grow to $4616 is 2.92 years.
<h3>How many years would it take the investment to have a value of $4616?</h3>
When an amount earns compound interest compounded semi annually, it means that both the amount invested and the interest accrued increases in value twice yearly.
Number of years = (In FV / PV) / r
- r = 9.8/2 = 4.90%
- FV = future value = 4616
- PV = present value = 4000
(In 4616 / 4000) / 0.049 = 2.92 years
In geometry, a hexagonal pyramid is a pyramid that has a hexagonal bases which are erected six triangular faces.
Answer:
Step-by-step explanation:
What is 6 divided by 3/56 ÷ 3 5. The trick to working out 6 divided by 3/5 is similar to the method we use to work out dividing a fraction by a whole number. ... 6 x 5 3 = 30 3. So, the answer to the question "what is 6 divided by 3/5?" ... 30 3. ... 10 1. ... 10 1 = 10.
