It is 0.20 and also try your best
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
Answer:
3/16
Step-by-step explanation:
75/100 × 1/4
3/4 × 1/4
3/16
Answer
y - y₁ = m(x - x₁)
y - 1 = 1³/₅(x - 2) Point - Slope Form
y - 1 = 1³/₅(x) - 1³/₅(2)
y - 1 = 1³/₅x - 3¹/₅
+ 1 + 1
y = 1³/₅x - 2¹/₅ Slope - Intercept Form
-1³/₅x - y = 1³/₅x - 1³/₅x - 2¹/₅
-1³/₅x - y = -2¹/₅
-1(-1³/₅x - y) = -1(-2¹/₅)
-1(-1³/₅x) + 1(y) = 2¹/₅
1³/₅x - y = 2¹/₅ Standard Form
1³/₅(0) - y = 2¹/₅
0 - y = 2¹/₅
-y = 2¹/₅
-1 -1
y = -2¹/₅ Y - Intercept
(x, y) = (0, -2¹/₅)
