Answer:
Use the formula for calculating compound interest PN=P0(1+rk)Nk where P0 is the unknown, PN=10,000, N=10, k=1, and r=0.015. Substitute the values into the formula and simplify.
10000=P(1+0.0151)1⋅10
10000=P(1.015)10
10000=P(1.16054...)
8616.67=P
Therefore, rounded to the nearest dollar, the initial investment needs to be $8617 to have $10,000 in 10 years.
Step-by-step explanation:
Answer:
x = 5 and -2
Step-by-step explanation:
Given the function of x to be;
f(x) = (x-5)(x+2)/x+1
The value of x that will make the function zero can be calculated for by equating the given function to zero first to have;
If f(x) = 0, then;
(x-5)(x+2)/x+1 = 0
Cross multiplying;
(x-5)(x+2) = 0
(x-5) = 0 and x+2 = 0
x = 5 and x = -2
The value of x that will make the function zero is therefore 5 and -2
Answer:
-18
Step-by-step explanation:
Answer:
1. 0.33 2. 0.16 3. o.11
Step-by-step explanation:
