The time required to get a total amount of $13,200.00 with compounded interest on a principal of $7,000.00 at an interest rate of 5.5% per year and compounded 12 times per year is 11.559 years. (about 11 years 7 months)
Answer:
t = 11.559 years
<h3>Compound Interest </h3>
Given Data
(about 11 years 7 months)
Calculation Steps:
First, convert R as a percent to r as a decimal
r = R/100
r = 5.5/100
r = 0.055 per year,
Then, solve the equation for t
t = ln(A/P) / n[ln(1 + r/n)]
t = ln(13,200.00/7,000.00) / ( 12 × [ln(1 + 0.055/12)] )
t = ln(13,200.00/7,000.00) / ( 12 × [ln(1 + 0.0045833333333333)] )
t = 11.559 years
Learn more about compound interest here:
brainly.com/question/24924853
Answer:
A, (1, 3+1/2)
Step-by-step explanation:
Midpoint formula for reference: m= {(x1 + x2)/2, (y1 + y2)/2}
Plugging in the points we get: m= {(8 - 6)/2, (5 + 2)/2}
Now we simplify using PEMDAS. First step is parentheses.
m= {2/2, 7/2}
Simplifying again (and making 7/2 a mixed number), it becomes
m= {1, 3+1/2}
Hope this helps!
No, it won't change the outcome.
Answer:
c < - 6
Step-by-step explanation:
Given
3(2c - 8) - 10c > 0 ← distribute and simplify left side
6c - 24 - 10c > 0
- 4c - 24 > 0 ( add 24 to both sides )
- 4c > 24
Divide both sides by - 4, reversing the inequality symbol as a consequence of dividing by a negative quantity.
c < - 6
Answer:
9(x)-20(y)
Step-by-step explanation:
a regular polygon has 6 wall then it matters that the 54 walls
