How long will it take for $600 to grow to $47,500 at an interest rate of 8% if the interest is compounded quarterly? round the number of years to the nearest hundredth.

The formula for compound interest is given by:

where,

A=amount,

P=principal

r=rate of interest

t=time(years)

n=number of times the interest is compounded annually.

Now we are given,

A=amount = 47,500

P=principal= 600

r=rate of interest= 8% or 0.08

n= 4 ( quarterly)

t=time(years)= is to be found

Plugging these in the formula,

On solving, we get

t=55.19 years

It will take 55.19 years for $600 to amount to $47,500.

step-by-step explanation: you take each of the numbers and divide by the amount then you take the range

answer: a. 13/44

step-by-step explanation: judging by the information given to us, we are looking for experimental probability. we can see that 13 males have chosen chocolate ice cream. there are 44 ice creams in total (remember that the total is always the denominator). so our answer is 13/44.