ambereve04
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

Buddhism was based on the teachings of
Put 7.081,7.81,7.002,7.14 in order from greatest to least
Complete the ordered pairs so that they are solutions of the equation: x-2y=-8 ( ,0) (0, ) ( ,1)
use the word "obesity" in a sentence
A squirrel collect 72 acorn per day. how many will 4 family of 6 will gather
You are 55 feet tall and cast a 1010-foot shadow. a flagpole nearby casts a shadow that is 2828 feet. which equation can you use to solve for the height (h)h of
Which items are needed for a plant to become fertilized?
how the symbol of the carp is used by Yun Wand
What annual simple interest rate will increase Jacob Davidson’s initial investment of $5,000 to $6,000 in two years? multiple choice A)10% B)5% C)4% D)6%
Can i join the team i am a very smart kid.