42 inches of wire will cost 168 cents
Look at the pic to see how to set up the proportion.
The time it will take the principal to grow to the desired amount is 0.7 years
Using the compound interest formula :
A = P(1 + r/n)^(nt)
A = final amount = 225,000
P = principal = 180,000
r = rate = 3.12%
n = Number of compounding times per period = 12(monthly)
t = time
225000 = 180000(1 + (0.0312 /12))^(12t)
Divide both sides by 180000
225000/180000 = (1 + (0.0312 /12))^(12t)
1.25 = 1.026^12t
Take the log of both sides
0.0969100 = 0.0111473 × 12t
0.0969100 = 0.1337676t
Divide both sides by 0.1337676 to isolate t
0.0969100 / 0.1337676 = t
0.7244 years
0.7 years
It will take 0.7 years for the amount to grow
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Answer:
I'm not lol
Step-by-step explanation:
Answer:
approx 7.81 Exactly: √61
Step-by-step explanation:
Use Pythag theorem: 5^2 + 6^2 = hyp^2 (line AS)
25 + 36 = 61
hyp = √61 or about 7.81
Use the Pythagorean theorem:
x = √(12.7^2 - 6.2^2)
x = √(161.29 - 38.44)
x = √122.85
x = 11.08
Round to 11.1 m