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
On Call's unit rate is about $2.86 per hour, since $10/3.5 hours= $2.86/1 hour
Talk Time's unit rate is about $2.50 per hour, since $1.25/0.5 hours= $2.50/1 hour
Answer:
sorry for the late response it's c224
Answer:
The ordered pair generated from the equation is (1, 6).
Step-by-step explanation:
An ordered pair is a pair of numbers, representing two variables, in a specific order. For instance, (<em>x</em>, <em>y</em>) = (1, 2) here <em>x</em> = 1 and <em>y</em> = 2.
The equation provided is:
Check for all the options:
- A (1, 6):
- B (1, 2):
- C (3, 6):
- D (8, 16):
Thus, the ordered pair generated from the equation is (1, 6).
The open circle means the inequality will be greater than or equal to (≥) or less than or equal to (≤).
A closed circle means the inequality will be greater than (>) or less than (<)
An arrow pointing right to increasingly positive values means the inequality is getting greater (> or ≥)
A narrowing pointing left to increasingly negative values means the inequality is getting lesser (< or ≤)
So for this graph with an open circle and rightward pointing arrow, “x” will be some number on the number line greater than the first point of -38:
x > -38
