Answer:
Step-by-step explanation:
Answer: it will take 17.5 years to double his money in the account.
Step-by-step explanation:
We would apply the formula for determining compound interest which is expressed as
A = P(1+r/n)^nt
Where
A = total amount in the account at the end of t years
r represents the interest rate.
n represents the periodic interval at which it was compounded.
P represents the principal or initial amount deposited
From the information given,
P = $500
A = 500 × 2 = $1000
r = 4% = 4/100 = 0.04
n = 4 because it was compounded 3 times in a year.
Therefore,.
1000 = 500(1 + 0.04/4)^4 × t
1000/500 = (1 + 0.01)^4t
2 = (1.01)^4t
Taking log of both sides, it becomes
Log2 = 4tlog 1.01
0.301 = 4t × 0.0043 = 0.0172t
t = 0.301/0.0172
t = 17.5 years
Answer:
2,000
Step-by-step explanation:
write out an equation that represents the problem. the original price X fell by 15% to a new price of 1700:
X - (X*15%) = 1700
X(1-0.15) =1700
X=1700/(1-0.15)
X=2,000
convert 15% to decimal form:
15%=0.15
Answer:
the answer is(5)
Step-by-step explanation:
To me it looks like your right
Answer:
y = 
x - 3
Step-by-step explanation:
5x - 2y = 6 ( subtract 5x from both sides )
- 2y = - 5x + 6 ( divide through by - 2 )
y = x - 3 ← in slope- intercept form
