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wlad13 [49]
3 years ago
12

A sum of money is invested at 12% compounded quarterly. About how long will it take for the amount of money to double?

Mathematics
1 answer:
kompoz [17]3 years ago
8 0

Answer:

  5.9 years

Step-by-step explanation:

We believe a better representation of the compound interest formula is ...

  V(t)=P(1+\dfrac{r}{n})^{nt}

We want to find the value of t for P=1 and V(t)=2. We are told n=4, so the formula becomes ...

  2=(1+\dfrac{.12}{4})^{4t}\\\\\log{(2)}=4t\log{(1.03)}\quad\text{take logs}\\\\t=\dfrac{\log{2}}{4\log{1.03}}\approx\boxed{5.9\quad\text{years}}

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The system of inequalities is the following:

i) <span>y ≤ –0.75x
ii)</span><span>y ≤ 3x – 2

since </span>0.75= \frac{75}{100}= \frac{3}{4}, we can write the system again as 

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Whenever we are asked to sketch the solution of a system of linear  inequalities, we:

1. Draw the lines
2. Color the regions of the inequalities.
3. The solution is the region colored twice.


A.

to draw the line y =- \frac{3}{4}x

consider the points: (-4, 1) and (0, 0), or any 2 other points (x,y) for which y =- \frac{3}{4}x hold.

since we have an "smaller or equal to" inequality, the line is a solid line (not dashed, or dotted).

In order to find out which region of the line to color, consider a point not on the line, for example P(1, 1), which is clearly in the upper region of the line.

For (x, y)=(1, 1) the inequality y  \leq - \frac{3}{4}x, does not hold because 

1 \leq - \frac{3}{4}*1= -\frac{3}{4} is not true,

this means that the solution is the region of the line not containing (1, 1), as shown in picture 1.


B.
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we first draw the line y=3x-2, using the points (0, -2) and (2, 4), or any other 2 points (x,y) for which y=3x-2 holds.

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for (x, y) = (1, 7), the inequality y ≤ 3x – 2 does not hold

because 7 is not ≤ 3*1-2=1, so the region we color is the one not containing P(1, 7), as shown in picture 2.


The solution of the system is the region colored with both colors, the solid lines included. Check picture 3.

the lines intersect at (0.533, -0.4) because:

–0.75x=3x-2
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Answer: Picture 3, the half-lines included. So the graph is in the 3rd and 4th Quadrants

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