What is this supposed to be ?
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
Learn more : brainly.com/question/21270833?referrer=searchResults
If R is the midpoint of PS, then PR = RS -- (1)
Also, PR + RS = PS -- (2)
__________________
PR + RS = PS
7x + 23 + 13x - 19 = PS
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Now, PR = PS
7x + 23 = 13x - 19
7x - 13x = -19 - 23
-6x = -42
x = -42/-6
x = 7
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PS = 7x + 23 + 13x - 19
PS = 7(7) + 23 + 13(7) - 19
PS = 49 + 23 + 91 - 19
<u>PS </u><u>=</u><u> </u><u>1</u><u>4</u><u>4</u><u> </u>
Hope it helps!
꧁✿ ᴿᴬᴵᴺᴮᴼᵂˢᴬᴸᵀ2222 ✬꧂
That would be 40%
Explanation:
2 divided by 5= 0.4
Move the decimal to the right twice is 40%
