Answer:
8 years
Step-by-step explanation:
Compound interest formula

A(t) is the final amount 55000
A_0= 40000, r= 4% = 0.04, for quarterly n=4

divide both sides by 40000


Take ln on both sides

divide both sides by ln(1.01)

Divide both sides by 4
t=8.00108
So it takes 8 years
Answer:
no, no, yes, yes
Step-by-step explanation:
6x + 4y = 800
-6x -6x
--------------------
4y = -6x + 800
÷4 ÷4 ÷4
---------------------
y = -6/4x + 200
First subtract, then divide, and then you have it. 6/4 is your slope. Your rise is -6 and your run is 4.
So.. 2.86 - 2.79 is the amount in decrease or 0.07
so.. if we take 2.86 as the 100%, how much is 0.07 of that in percentage?
well

solve for "x"