Please help me SIMPLIFY this:
1 answer:
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The illustration of the given mathematical elements is as in the attached images.
<h3>Illustration of mathematical elements</h3>For line segments;
- The beginning and end of the line are specified by the assigned alphabets.
However, for rays;
- The ray is illustrated to originate from a point and span on from there till infinity.
For angles;
- The alphabet in the middle of the set of 3 alphabets used to identify the angle represents the center point of where the angle is located.
Read more on illustration of mathematical elements;
Answer:
It takes 75 years for the investment to quadruple in value
Step-by-step explanation:
Simple Interest
This is a simple interest problem.
The simple interest formula is given by:
In which E is the amount of interest earned, P is the principal(the initial amount of money), I is the interest rate(yearly, as a decimal) and t is the time.
After t years, the total amount of money is:
In this question:
4% simple interest per year, so I = 0.04.
Quadruple:
t when T = 4P.
The interest earned is:
Now we find the time.
It takes 75 years for the investment to quadruple in value