Answer Interest rate = 12.3%
The compound interest formula is given by:
Where
A = Future amount
P = Present amount (Principal amount)
r = Interest rate in decimal form
n = No. of times compounded per year
t = time in years.
We can say that if:
Present amount = P
Future amount = 3P
r = 12.3/100 = 0.123
n = 1
t = ?
Substitute the values in the formula of compound interest:
Taking log on both sides.
Round off to nearest option
t ≅ 9 years
Answer:
y= 2/5-1
Step-by-step explanation:
You get the 2/5 because you go 2 to the right and go 5 up, the -1 is because the x-int is at -1.
Answer:
cant read it type it pls
Step-by-step explanation:
