Answer:
Initial amount P = $12000
Interest after 2 years I = 4%*2 = 8%
<u>Investment into Trust fund:</u>
- $12000 + $5000 + 0.08*$12000 = $17960
<u>Interest amount to exceed $20000:</u>
<u>Time required to get $2040:</u>
- 17960*0.045x = 2040
- 808.2x = 2040
- x = 2040/808.2
- x = 2.52 years
The investment will exceed $20000 in the second half of the third year
Isn't it just 6.8? Pretty sure that is the answer
Answer:
See explanation
Step-by-step explanation:
Assuming the given equation is

To solve for r, we first divide both sides by a.

We now subtract 5 from both sides:

We now divide through by - 1 to get:

Or

Answer:
mLx = 144
mLy=154
Step-by-step explanation:
180-36=144
x=144
180-62=118
36+118=154
180-154=26
180-26=154
y=154