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ratelena [41]
3 years ago
9

A loan of $ 16,000 is made at 7 % interest, compounded annually. After how many years will the amount due reach $ 27,000 or more

?
Mathematics
1 answer:
Roman55 [17]3 years ago
7 0
About 9.8 years would be your answer
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9514 1404 393

Answer:

  see below

Step-by-step explanation:

This is all about number sense: ordering and naming numbers. If you know your multiplication tables and a few key vocabulary words, that's all you need.

1a. perfect square

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1c. greater than

__

2a. less than; greater than

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3b. square root

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When you fill in the blanks, the statements pretty much explain themselves.

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<em>Additional comment</em>

For positive numbers, square and square root are operations that preserve order. That is, the square of a larger number is larger than the square of a smaller number. Likewise, the square root of a larger number is larger than the square root of a smaller number. Here, ...

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4 0
3 years ago
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