Answer: Thursday
Step-by-step explanation:
14. The pattern is subtracting one number higher each time from each as it goes
Answer:
FV= 200*(1.07^n)
Step-by-step explanation:
Current population= 200 deer
Growth rate= 7% per year
<u>To calculate the future value of deer in any given years, we need to use the following formula:</u>
<u></u>
FV= PV*(1+g)^n
FV= future value
PV= present value
g= growth rate
n= number of years
FV= 200*(1.07^n)
<u>For example, the population in 5 years:</u>
FV= 200*(1.07^5)
FV= 281
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