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DIA [1.3K]
2 years ago
10

1200 dollars is placed in an account with an annual interest rate of 7.75%. To the nearest year, how long will it take for the a

ccount value to reach 8200 dollars?
Mathematics
2 answers:
IRISSAK [1]2 years ago
6 0

Answer:

The time required is about 75 years 3 months

Step-by-step explanation:

We know that the simple interest is expressed as

A = P (1 + rt)

A = final amount =$8200

P = initial principal

: balance=$200

r = annual interest rate 7.75%

7.75/100= 0.0775

t = time (in years)

Substituting our data into the expression we have

8200= 1200(1+0.0775*t)

8200=1200+93t

93t= 8200-1200

93t= 7000

t= 75.27

The time required to get a total amount, principal plus interest, of $8,200.00 from simple interest on a principal of $1,200.00 at an interest rate of 7.75% per year is 75.27 years (about 75 years 3 months)

svetlana [45]2 years ago
4 0

Answer:26 years

Step-by-step explanation:

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Aleksandr-060686 [28]

Answer:

A number line goes from negative 10 to positive 10. An open circle appears at negative 9. The number line is shaded from negative 9 through positive 10.

Step-by-step explanation:

we have

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Remember that

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Answer:

<u>0.9524</u>

Step-by-step explanation:

<em>Note enough information is given in this problem. I will do a similar problem like this. The problem is:</em>

<em>The Probability of a train arriving on time and leaving on time is 0.8.The probability of the same train arriving on time is 0.84. The probability of the same train leaving on time is 0.86.Given the train arrived on time, what is the probability it will leave on time?</em>

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This is conditional probability.

Given:

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<u>This is the answer.</u>

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Step-by-step explanation:

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