15!!! POINTS!!! PLS ANSWER THIS IM HAVING WAY TOO MUCH TROUBLE WITH IT. I’m in 10th grade and this is compound interest. PLS HELP ME IXLS SO FRUSTRATING!!! If you don’t know PLS don’t comment I’ve been doing this for over 2 hours pls
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Answer:
well im in 7th sorry i cant help
Step-by-step explanation:
Answer:
6 years
Step-by-step explanation:
if we want to know how much i will get with interest
simple interest amount = principal amount × (rate / m) × n
plus the initial quantity
where m is 12 months per year
and n is the number of months
[tex]4451=2887(\frac{0.09}{12months/year})(n)+2887\\\\4451=2887[\frac{0.09}{12}(n)+1]\\\\(\frac{0.09}{12}\cdot n)+1=\frac{4451}{2887}\\\\\frac{0.09}{12}\cdot n=1.54-1\\\\n(0.09)=12(0.54)\\\\n=\frac{12(0.54)}{0.09}\\\\n=72.23\longleftarrow months[/tex]
so we need to convert it to years
[tex]72.23=12(6)+0.019[/tex]
6 years and 0 months
I apologize if there is some mistake in my answer