Both are correct.
Good job!
There is no answer because there cannot be one to one function inverse.
Answer:
Given Rate of interest is r=8%=0.08
Principal Amount is A=5,000
Time is t years
Interest is compounded yearly twice ⟹n=2
Amount =P(1+
n
r
)
nt
=5000×(1+
2
0.08
)
2t
=5,408
(1.0816)
t
=
5000
5408
⟹t=1
Answer:
$3.51
Step-by-step explanation:
We change 5.4% into a decimal which is .054, we then multiply 65 by .054
$65 x .054 = $3.51
