Mathematics
19.10.2020 14:43
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Holly wants to save money for an emergency. holly invests $1500 in an account that
Holly wants to save money for an emergency. holly invests $1500 in an account that pays an interest rate of 6.75%. how many years will it take for the account to reach $7300?
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s900005
4,6(42 marks)
7300=1500(1+0.0675)t7300=1500(1.0675)tDividing both sides by 1500,7315=1.0675tTaking the logarithm,ln(7315)=tln(1.0675)Making 't' the subject,t=ln(7315)ln(1.0675)
which equals t=24.23
which equals t=24.23
87haymaker
4,8(41 marks)
One inch would equal to seven miles, you would have to divide the thirty-five by five and the answer would be the answer
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