A=P (1+r/n)^nt
A= Total amount invested, P=principal amount, r=Interest rate, n=number of time in a year when the interest is earned (for annual, n=1; for semi-annual, n=2, ...), t = time in years
In the current scenario, case 1, n=2; case 2, n=1 and A1=A2, t1=t2
Therefore,
800(1+0.0698/2)^2t = 1000(1+0.0543/1)t
Dividing by 800 on both sides;
(1+0.0349)^2t = 1.25(1+0.02715)^t
(1.0349)^2t = 1.25(1.02715)^t
Taking ln on both sides of the above equation;
2t*ln (1.0349)= ln 1.25 + t*ln (1.02715)
2t*0.0343 = 0.2231+ t*0.0268
0.0686 t = 0.2231+0.0268 t
(0.0686-0.0268)t = 0.2231
0.0418t=0.2231
t=5.337 years
Therefore, after 5.337 years or 5 years and approximately 4 months, their value of investments will be equal.
This value will be,
A=800(1+0.0698/2)^2*5.337 = $1,153.76
Answer:
Three fractions between 1/2 and 1 are 3/4, 4/5, and 5/6.
Hello!
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So, If S= 2.5,
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You multiply 2.5 x 4 and get 10!
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Then, multiply 10 x 3 and get 30!
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30 will be your answer.
Answer:
top right equation
Step-by-step explanation:
y=x^2-2
my answer got deleted. so stup id
