lilysgirl2007
lilysgirl2007 lilysgirl2007
  • 24-02-2017
  • Mathematics
contestada

compound interest problem

compound interest problem class=

Respuesta :

Hailey011001
Hailey011001 Hailey011001
  • 24-02-2017
so, start with the growth formula
A=P(1+r)^t    then plug in the values
6200=5200(1+.038)^t
then divide both sides by 5200
1.1923076923=1.038^t
then take the log of both sides
log(1.1923076923)= t log(1.038)
then divide both sides by the log(1.038)
4.7161004299=t 
then round it to the nearest whole number
5=t
so about 5 months
Answer Link

Otras preguntas

What is the Atomic number of C
What does osmosis depend on? A. the identity of the solute and solvent B. how much solvent is present in the solution C. the number of particles present in
Which statement is true of a federal but not of a unitary system of government?
Need urgent help in mathematics!! Will mark brainliest!!!! PLEASE look at the photo to answerthe question ..... In the photo you will find the question and the
can you help me with the answer
please help, need answer fast! The majority ethnic group in Rwanda is the . a. tutsi b. hutu c. yoruba d. kikuyu
the graphs below show The Profit why the computer competitor over the past 16 months both graph shows the same information to emphasize the slow increase in pro
What is the quotient of 8x10^24 / 2x10^18 in scientific notation?
Select the volume units that are greater than one liter pick 3 kiloliter milliliter megaliter centiliter deciliter nanoliter
Please help on this one!!