This =2.4 I hope that this helps you
14.86 is the answer to this question
Answer:
$13,200
Step-by-step explanation:
You need to use the simple interest formula
I = P * r * t
I = Interest accrued
P = Principal amount invested
r = Interest rate you need to divide by 100 to get it in decimal form
t = time, in years if you are given a partial year, divide the months by 12
P = $12,000
r = 7.5% = .075
t = 1
But, because we want I to equal $990 then I is
I = $990
So we ignore our P and instead solve for the P that will give us the desired result.
I = P * r * t
$990 = P * .075 * 1
$990 = P.075 Divide each side by .075
$990/.075 = P.075/.075
$990/.075 = P
$13,200 = P
So, to earn an annual interest income of $990, $13,200 will have to be invested in the 7.5% bond.
For this case we must find the inverse of the following function:
We follow the steps below:
Replace f(x) with y:
We exchange the variables:
We solve for "y":
Multiply by -2 on both sides of the equation:
We raise both sides of the equation to the square to eliminate the radical:
We subtract 3 from both sides of the equation:
We change y by f ^ {- 1} (x):
Answer:
What do you need help on? All I see is a y axis and x axis grid.
