PLEASE HELP ME WITH MY PROBLEM!!! 50 POINTS!!!
1 answer:
Well he started off right by solving for y=y to find the abscissa of the intersection points between the two points,but then he assumed that their ordinate (y coordinates) are both zero,which is incorrect obviously. To find their ordinate,all we have to do is plug the x values into any of the two equations, since they both will pass through that point ੴ
I chose to plug the values in the second linear equation, since it's easier to compute
<h2>Points:</h2><h2>( 3 , 13 ) ( -2 , -7 )</h2>You might be interested in
Answer:
Approximately 22.97 years
Step-by-step explanation:
Use the equation for continuously compounded interest, which uses the exponential base "e":
Where P is the principal (initial amount of the deposit - unknown in our case)
A is the accrued value (value accumulated after interest is compounded), in our case it is not a given value but we know that it triples the original deposit (principal) so we write it as: 3 P (three times the principal)
k is the interest rate : 5% which translates into 0.05
and t is the time in the savings account to triple its value (what we need to find)
The formula becomes:
To solve for "t" we divide both sides of the equation by P (notice it cancels P everywhere), and then to solve for the exponent "t" we use the natural logarithm function: