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 is 180 degrees. Thank you for your time :)
Answer:
10 times as much as 7 hundred is 70 hundreds or 7 thousands.
Step-by-step explanation:
The question given is:
10 times as much as _____ hundreds is 70 hundreds or _____ thousands.
Dividing the question into two fractions, we have:
10 times what is 70 hundreds?
What is 70 hundreds in thousands?
10 x 7 hundred = 10 x 700 = 70 hundreds
Recall that 70 hundreds = 70 00
70 hundreds = 70 00 = 7 thousands = 7 000
Therefore, the question can be written as:
10 times as much as 7 hundreds is 70 hundreds or 7 thousands.
191 / 42 = 4.5.....so Greg is gonna need 5 baskets....but the last basket is only gonna be half full.
