radomes.openskiesproject.org
lilysgirl2007
lilysgirl2007 lilysgirl2007
  • 24-02-2017
  • Mathematics
Answered

compound interest problem

compound interest problem class=

Verified Answer :

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

Related Questions

when would you suggest a client begin to monitor his or her pulse after beginning an exercise routine that involves fast walking
I urgently need help I am struggling with this lab This is part 1
Which is not true about maize Maize could be dried and stored for use throughout the year Maize grew well in mesoamericans diffrent climates Maize provided exce
Define homeostasis please I need help
Chemical equilibrium occurs when the rates of the reactions a increase from reactant to product b increase from product to reactant c decrease from reactant to
The pulmonary circuit and the circuit make up the circulatory pathways of blood vessels for the body A Blood B Systemic C Capillary D Flexible I go with B
the other name for newtons second and third law of motion is
find the inverse of the one to one function fx2x57
How many hundreds equal 400 ones
Calculate the molarity of a solution in which 0500 mol of NaCl is dissolved to make 20 L of solutionO 025 MO 10 MO 40 M00025 M