Answer:
Daily points, you have made my day!!!!!!!!!!!!!!!!!!!!!!!!!!!
Step-by-step explanation:
The money will be triple after 15 years and 303 days.
What is compound interest?
Compound interest, also known as interest on principal and interest, is the practice of adding interest to the principal amount of a loan or deposit.
Given:
Principle (P) = $10,000
The amount will be triple.
So, Amount (A) = $30,000
Rate (r) = 7% = 0.07
The interest is compounded quarterly.
n = 4
We have to find the value of t.
Let,

Apply logarithm on both sides,

Hence, the money will be triple after 15 years and 303 days.
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$0.86. You either divide by 10 manually, or use the powers of 10.
No it isn't because 2/5=0.4
Answer:
$9300
Step-by-step explanation:
1550×2= 3100 3100× 3=9300