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:
25m²
Step-by-step explanation:
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Bicycle has 2 wheels and 2 pedals
tricycle has 3 wheels and 2 pedals
EQ 1 : 2b + 2t = 170 pedals
EQ 2: 2b +3t = 206 wheels
subtract EQ 1 from EQ 2
2b +3t = 206 - 2b + 2t = 170 = t=36
there were 36 tricycles
36 x 2 = 72 pedals
170 pedals - 72 = 98 pedals left
98/2 = 49 bicycles
36 Tricycles and 49 bicycles
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Commutative Property of Multiplication.
