EricCerrillos111 EricCerrillos111

23-05-2017
Mathematics

contestada

Tina wants to save money for school. Tina invests $1,000 in an account that pays an interest rate of 6.75%. How many years will it take for the account to reach $18,600?

Respuesta :

Aliwohaish12 Aliwohaish12

23-05-2017

Hi there :-)

The formula is
A=p (1+r)^t
We need to solve for t
T=log (A/p)÷log (1+r)

A 18600
p 1000
R 0.0675

T=log(18,600÷1,000)÷log(1+0.0675)
T=44.8 years

Hope it helps

Answer Link

vic2002 vic2002

14-10-2019

Answer: the answer is...

44.75

Answer Link

Otras preguntas

Why do the individual voters have more power in a democracy than they do in an autocracy? A. All of the power stays in the hands of the local governments B. Kin

A metrical pattern with three beats per measure, which typically expresses the following accent pattern: strong, weak, weak, is known as _______.

A compound containing only carbon and hydrogen has a carbon-to-hydrogen mass ratio of 11.89. which carbon-to-hydrogen mass ratio is possible for another compoun

Markets distribute goods and services based on

Example of a visual aid?

The perimeter of a rectangular field is 380yd. The length is 50 yd longer than the width. Find the dimensions.

After 6 months the simple interest earned annually on an investment of $3000 was $811. Find the interest rate to the nearest tenth of a percent.

choose the correct word to complete the following sentance: a natural number is (always, sometimes, never) a whole number

The combined land area of the countries a and b is 183183,973 square kilometers. country a is larger by 773773 square kilometers. determine the land area of ea

how were officials chosen for government positions within the tang dynasty