Looking at Morningstar’s Financial Health ratios, what has happened to HP’s liquidity position over the past 10 years?
1 answer:
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Answer and Step-by-step explanation:
First, you need to make the function to represent the information given.
We start with 70,000 in the account, and have an interest rate of 6.2%.
We want to know how long it will take to get $223,200.
The equation for simple interest is:
A =
Where A is the total amount, P is the principle amount of money, r is the rate, and t is the time.
Now, we plug in the values and solve for t.
t = 0.353
Multiply by 100 to get the years.
t = 35.3
So, it will take Allison 35.3 years to get 70,000 dollars to 223,200 dollar with an interest rate of 6.2%
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Answer:
If then
and
Step-by-step explanation:
Solve two inequalities for x.
1.
Separate terms with x and without x into two sides:
Multiply by -1:
2.
Separate terms with x and without x into two sides:
Multiply by -1:
Find the largest set of x values satisfying both inequalities:
If
then and
In this case both m and n are negative.
If then
and
If then
and