3n-7/6=2n+5/3 solve for n please
2 answers:
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The histogram of the distribution plotted on the y - axis and the interval for the length of time on the x - axis is attached below.
<h3>How to denote the histogram?</h3>The first bar denotes the length of time between 0 and 10 having a frequency of 8. The second bar denoted the interval between 10 and 15 with a frequency of 15
The third bar denoted the interval between 15 and 20 with a frequency of 10. The fourth bar denoted the interval between 20 and 30 with a frequency of 11
Therefore, the histogram of the distribution is attached below.
Learn more about histograms on:
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2.5 years required for an investment of 5000 dollars to grow to 6000 dollars at an interest rate of 7.5 percent per year, compounded quarterly.
Step-by-step explanation:
The given is,
Initial investment - $5000
Future amount - $6000
Interest rate - 7.5% (compounded quarterly)
Step:1
Formula to calculate the Future amount with compound interest,
...................................(1)
Where, F - Future amount
P - Initial amount
r - Rate of interest
n - No. of compounding in a year
t - Time period
From given,
F = $6000
P = $5000
r = 7.5%
n = 4 (compounded quarterly)
Equation (1) becomes,
Take log on both sides,
Substitute log values,
0.07918 = 4(t) (0.0080676)
= (t) (0.0322705)
= 2.45
t ≅ 2.5 years
Result:
2.5 years required for an investment of 5000 dollars to grow to 6000 dollars at an interest rate of 7.5 percent per year, compounded quarterly.