Answer: minecraft
Step-by-step explanation:
Here's the given:
P=$400
i=7.5%
A=$8500
The formula used for this problem is:
A = P(1+i)^t
Manipulating the equation to arrive at t, we have:
t = ln(A/P) / ln(1+i)
Plugging in values:
t = ln($8500/$400) / ln(1+0.075)
t = 42.26 years
4679
5 and greater, round up; 4 and lower round down
you are rounding to the nearest thousands place, so look at the hundreds place.
6 is in the hundreds place. Since 6 > 5, you will round up
5000 is your answer
hope this helps
