Liza is wrong because...
Friday = 237
Saturday = 237 + 446
Both days = 920
Answer: number of years that it will take for the balance to reach $120,000 is 42 years
Step-by-step explanation:
Initial amount deposited into the account is $4000. This means that the principal is $4000
P = 4000
It was compounded annually. This means that it was compounded once in a year. So
n = 1
The rate at which the principal was compounded is 8.4%. So
r = 8.4/100 = 0.084
Let the number of years that it will take for the balance to reach $120,000. It means that it was compounded for a total of t years.
Amount, A at the end of t years is $120,000
The formula for compound interest is
A = P(1+r/n)^nt
120000 = 4000(1 + 0.084/1)^1×t
120000/4000 = 1.084^t
30 = 1.084^t
t = 42 years
Answer:
9
Step-by-step explanation:
hope that this is helpful.
Answer:
Answer is 1.5g/m^3 Hope it will help you.
64. 87.5% in fractions is 7/8. We divide 56 by 7/8, and get to 64.
56 ÷ 7/8= 56 x 8/7= 448/7, which is reduced into 64.
