Answer:
7 years 11 months
Step-by-step explanation:
The future value formula for the value of a principal P invested at annual rate r compounded n times yearly for t years is ...
FV = P(1 +r/n)^(nt)
For the given numbers, we want to find t:
6000 = 3700(1 +.062/2)^(2t)
Dividing by 3700 and taking the logarithm, we get ...
6000/3700 = 1.031^(2t)
log(60/37) = 2t·log(1.031)
Dividing by the coefficient of t gives ...
t = log(60/37)/(2log(1.031)) ≈ 7.92 . . . . . years
It will take about 7 years 11 months for the investment to grow to $6000.
Three possible points are:
(-3, 0)
(0, 2)
(3, 4)
To find any points, simply select any value for x. Input that value, then find the corresponding y-value.
For example, if x = 0, then:
-3y = -2(0) - 6
-3y = -6
y = 2
Answer:
8 • 20m - 29
Step-by-step explanation:
this might be right
Answer:
1.6 = 1 + .6 = 60% growth rate
Step-by-step explanation:
