Answer:
98.
Step-by-step explanation:
Answer:
7 years 11 months
Step-by-step explanation:
The future value formula for the value of a principal P invested at annual rate r compounded n times yearly for t years is ...
FV = P(1 +r/n)^(nt)
For the given numbers, we want to find t:
6000 = 3700(1 +.062/2)^(2t)
Dividing by 3700 and taking the logarithm, we get ...
6000/3700 = 1.031^(2t)
log(60/37) = 2t·log(1.031)
Dividing by the coefficient of t gives ...
t = log(60/37)/(2log(1.031)) ≈ 7.92 . . . . . years
It will take about 7 years 11 months for the investment to grow to $6000.
S answer is no for the question
P=s1+s2+s3
Move +s1 to the other side. Sign changes from +s1 to -s1
P-s1=s1-s1+s2+s3
p-s1=s2+s3
Move s2 to the other side. Sign changes from s2 to -s2
p-s1-s2=s2-s2+s3
p-s1-s2=s3
Answer: p-s1-s2=s3
