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:
If it is 
then it is the solution 
because the square root of an expression multiplied by itself gives that expression.
Answer: 12
Step-by-step explanation: 96-84=12
I dont really know how i did it I just did.
A full circle in radians is 2π, and in degrees it's 360°. I want to convert the 72° to radians:
72° in radians = 72/360 * 2π = 2/5π
The circumference of a full circle is the number of radians times the radius. (ie., 2πr), so the JK part of the circle is:
5* 2/5π simplifies to 2π
Answer:
The responses to the given question can be defined as follows:
Step-by-step explanation:
Please find the complete question in the attached file.
