It will take 19 years and 6 months for the account value to reach 2900 dollars
Step-by-step explanation:
Given
Principal amount = 1400 dollars
Rate = 5.5 %
Final value = A = 2900
We have to find t
So,
The formula for simple interest is:
Putting values
Dividing both sides by 0.055
Rounding off to nearest tenth
19.5 years
Hence,
It will take 19 years and 6 months for the account value to reach 2900 dollars
Keywords: Interest, simple interest
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Answer:
119
Step-by-step explanation:
1/2x5x7x4+7x7
can I have the brainliest ?
No it is not base e. It is 1.015.
An increase of 1.5 % = 1.015
Year 1, 2, 3,.........................., 30.
30000, 3000(1.015), 30000(1.015)²,........... 30000(1.015)²⁹
Her Total Income is sum over the thirty 30 year period:
Sn = a(r^n - 1) / (r - 1); a = 30000, r = 1.015, n = 30
Sn = 30000 ( 1.015^30 - 1) / (1.015 - 1)
= 30000 (1.56308022 - 1) / (0.015) = 1126160.44
Total = $ 1 126 160.44
Its kind of blurry
can u fix it
First, you should do the product first:
(-4.7)* (7.021)= -32.9987
Then, let's do the subtraction:
(-5.12)- (-32.9987)
= (-5.12)+ 32.9987
= 27.8787
Final answer: 27.8787
Hope this would help~
