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

Reread the summary of the selection “birth of an idea”. What is the best way to combine in short in the sentences in this summary

How was Japan during the samurai period similar to Western Europe in the Middle Ages?

ANSWER QUICK PLEASE 15 POINTSSS

Using the map above, which of the following is true about the electoral votes that Abraham Lincoln received in the presidential election of 1860?

Question 1 of 5 What is a NEGATIVE part of being in an online community? A. Learning from people all over the world B. Finding people with common Interests C. H

Maddie buys stock that is worth $22 per share.On the first day,the value of the stock goes up 20%. On the second day,the value decreases by 10%. What is the val

The multiplicative identity element for integers is _______________________.

What position did Hideki Tojo take in Japan by late 1941?

7 th grade math pls help me ! 4=x/4

What is my goal? Use the sentence starter below to guide your typed response. Remember 60 minutes of exercise is recommended for people your age. This can be ad