The interest rate will be equal to 24% in 2 years.
<h3>What is compound interest?</h3>
Compound interest is the interest levied on the interest. The formula for the calculation of compound interest is given as:-
Given that:-
- Find the interest rate if $32 increased to $50 in 2 years.
The interest rate will be calculated by using the following formula:-
![A = P[1+\dfrac{r}{n}]^{nt}](https://tex.z-dn.net/?f=A%20%3D%20P%5B1%2B%5Cdfrac%7Br%7D%7Bn%7D%5D%5E%7Bnt%7D)
![50=32[1+\dfrac{r}{1}]^{2}](https://tex.z-dn.net/?f=50%3D32%5B1%2B%5Cdfrac%7Br%7D%7B1%7D%5D%5E%7B2%7D)

1.56 = ( 1 + r )²
√1.56 = ( 1 + r )
r = 1.24 - 1
r = 0.24
r = 24%
Therefore interest rate will be equal to 24% in 2 years.
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Answer:
$7.50
Step-by-step explanation:
Hourly Pay * 5 = 37.5
Rearrange to find the hourly pay
Hourly pay = 37.5 / 5 = 7.5
Answer:
Step-by-step explanation:
Solution : The graph of y=5 is a line parallel to the x-axis at a distance of 5 units from the origin
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Find the Greatest Common Factor (GCF)
<u>GCF = 6y^6</u>
Factor out the GCF. (Write the GCF first. Then, in parenthesis divide each term by the GCF.)
6y^6(24y^8/6y^6 + 6y^6/6y^6)
Simplify each term in parenthesis
<u>6y^6(4y^2 + 1)</u>