Susan invests twice as much money at 7.5% as she does at 6%. If her total interest after a year is $840 how much does she have i
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Answer:
Step-by-step explanation:
This is of the form
Where P(t) is the ending population, a is the original population, b is the growth rate, and t is time in years. We have everything we need to solve for t.
Let me explain the growth rate quickly. If the exponential function is a growth function, that means (in this particular situation) that we have 100% of the population and we are increasing it by 19%. That makes the growth rate 119%, which in decimal form is 1.19.
Begin by dividing both sides by 40000 to get
To get that t out of its current exponential position, take the natural log of both sides:
and the rules of logs say we can bring the exponent down out front:
ln(2) = t*ln(1.19)
Divide both sides by ln(1.19) to get t alone:
Doing that calculation on your calculator gives you that
t = 3.9846...
but rounding to the nearest tenth gives you that
t = 4.0 years
Answer:
When squaring a fraction, square both numerator AND denominator