It would be: k+3 = 10
subtracting 3 from both sides,
k+3-3 = 10-3
k=7
Add the equations.
x-y%2B0.5x%2By=7%2B5
1.5x=12
highlight%28x=8%29
Now use either equation to solve for y.
8-y=7
highlight%28y=1%29
x=8
y=1
You need the compound interest formula solved for time:
Years = log (total / principal) / n * log (1 + rate / n)
Years = log (9,000 / 5,960.32) / 2 * log (1 + .042/2)
Years = log (
<span>
<span>
<span>
1.509986041</span></span></span>) / 2 * log (1.021)
Years = 0.1789729325 / 2 * 0.0090257420869
Years =
<span>
<span>
</span></span><span><span><span>0.1789729325 / 0.0180514842
</span>
</span>
</span>
<span><span><span>Years =
9.9145826746
</span>
</span>
</span>
the answer is "d"
Source:
http://www.1728.org/compint.htm
0.02 is a decimal. Do you mean as a fraction?
That would be 2%
Decimal -> fraction = multiply by 100