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lozanna [386]
3 years ago
9

How long will it take a person to double $2000 at a 6% interest rate, compounded annually?

Mathematics
1 answer:
aleksandr82 [10.1K]3 years ago
5 0
Well you would do 6% times 2000 (.06 *2000) 120

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3x-1=11 solve for the variable
artcher [175]

First, we should add 1 to both sides to isolate the variable:

3x = 12

Now that x is isolated, we divide by 3:

x = 4

6 0
3 years ago
Each pair of polygons below is similar. Find the value of x. Some answers may be decimals.
sergiy2304 [10]

Answer:

The answer to your question is below.

Step-by-step explanation:

14.- Use proportions to solve these problems.

             \frac{x + 6}{10} = \frac{x + 9}{14}

                               14(x + 6) = 10(x + 9)

                               14x + 84 = 10x + 90

                               14x - 10x = 90 - 84

                                         4x = 6

                                           x = 6/4

                                          x = 3/2

15.-        \frac{x - 1}{8} = \frac{x + 2}{10}

                            10(x - 1) = 8(x + 2)

                            10x - 10 = 8x + 16

                            10x - 8x = 16 + 10

                                     2x = 26

                                       x = 26 / 2

                                      x = 13

16.-       \frac{x + 1}{9} = \frac{10/3}{5}

                            5(x + 1) = 9(10/3)

                            5x + 5 = 30            

                                  5x = 30 - 5

                                  5x = 25

                                    x = 25 / 5

                                    x = 5

7 0
3 years ago
Read 2 more answers
Davis is buying a new car for $21,349.00.He plans to make a down payment of $3,000.00.If he's to make monthly payments of $352 f
nekit [7.7K]
He actually borrowed P=21349-3000=18349 (present value)
Assume the monthly interest is i.
then future value due to loan:
F1=P(1+i)^n=18349(1+i)^(5*12)=18349(1+i)^60
future value from monthly payment of A=352
F2=A((1+i)^n-1)/i=352((1+i)^60-1)/i
Since F1=F2 for the same loan, we have
18349(1+i)^60=352((1+i)^60-1)/i
Simplify notation by defining R=1+i, then
18349(R^60)-352(R^60-1)/(R-1)=0
Simplify further by multiplication by (R-1)
f(R)=18349*R^60*(R-1)-352(R^60-1)=0
Solve for R by trial and error, or by iteration to get R=1.004732
The APR is therefore
12*(1.004732-1)=0.056784, or 5.678% approx.




8 0
3 years ago
Which equation matches the graph?
Kipish [7]

Answer:

Step-by-step explanation:

we can easily find this by looking at our y intercept

our y intercept here is (0, -1) so the equation who has -1 as a constant is the one were looking for

so C would be oour answer since its the only one with -1 as its constant

hope this helps <3

8 0
3 years ago
Find the area shaded in yellow please!
worty [1.4K]
A= 1/2(7 + 11)(5)
A = 1/2(18)(5)
A = 45 square units
7 0
3 years ago
Read 2 more answers
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