ambereve04 ambereve04

09-01-2018
Mathematics

contestada

how long would it take to have $1335.60 in interest if principal is $5300 and interest rate is 7%

=**_

Respuesta :

Аноним Аноним

09-01-2018

(5300 + 1335.6) = 5300(1 + 0.07)^n where n is the number of years required

6635.6 = 5300(1.07)^n
(1.07)^n = 1.252
n log 1.07 = log 1.252

n = log 1.252 / log 1.07 = 3.32 years Answer

Answer Link

Otras preguntas

Which of these statements are true and which are false?

Match the words in the left-hand column to the appropriate blanks in the sentences in the right-hand column. Use each word only once. 1. Our solar system was c

A hiker leaves camp and walks 6 miles east. Then he walks 18 miles south. How far from camp is the hiker? Distance in miles:

Suppose you pay a dollar to roll two dice. if you roll 5 or a 6 you Get your dollar back +2 more just like it the goal will be to find the amount of money you c

what decimal is equivalent to 47/250?

The table shows how an elevator 500 feet above the ground is descending at a steady rate. A two column table with 5 rows. The first column, time in seconds (t),

The ratio table below shows the relationship between the number of packages of gum and the total pieces of gumHow many pieces of gum are in 4 packages of gum?O

In motion on an inclined experiment, a student measures the angle of inclined plane with a protractor whose uncertainty is Δθ=1 The acceleration of the motion d

Time Remaining 1 hour 36 minutes 46 seconds01:36:46 Item 12Item 12 Time Remaining 1 hour 36 minutes 46 seconds01:36:46 Which QuickBooks window is used to record

Scores on the SAT test have a mean of 1518 and a standard deviation of 325. Scores on the ACT test have a mean of 21.1 and a standard deviation of 4.8. Which of