Answer: number of years that it will take for the balance to reach $120,000 is 42 years
Step-by-step explanation:
Initial amount deposited into the account is $4000. This means that the principal is $4000
P = 4000
It was compounded annually. This means that it was compounded once in a year. So
n = 1
The rate at which the principal was compounded is 8.4%. So
r = 8.4/100 = 0.084
Let the number of years that it will take for the balance to reach $120,000. It means that it was compounded for a total of t years.
Amount, A at the end of t years is $120,000
The formula for compound interest is
A = P(1+r/n)^nt
120000 = 4000(1 + 0.084/1)^1×t
120000/4000 = 1.084^t
30 = 1.084^t
t = 42 years
Answer:
-25
Step-by-step explanation:
2x + 50 = 0
2x = 0 - 50
= -50
x = -50 / 2
= -25
<em>Hope this helps</em>
<em>:D</em>
Answer:
Slope = -1/2
Step-by-step explanation:
Use y = mx + b to find the slope (m) Write the expression as an equation (-14y)-7x=0. Rewrite in slope-intercept form by removing the parentheses, adding 7x to both sides, dividing each term by -14, then writing in y = mx + b form, which is m=-1/2x. Remove the variable, it becomes your answer of -1/2.
Can you please show us the graph ?
