Can someone help me with number 5 please ???
1 answer:
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For this case we have to:
Where:
a: It's the Dividend
b: It is the Divider
c: Is the Quotient
Thus, the expression "the quotient of 5 and x" can be represented as:
Where "y" is the quotient of 5 and x.
ANswer:
A=future amount
P=present amount
r=rate in decimal
n=number of times per year compounded
t=time in years
how many years to double
basically
A=2P at t=?
so we can simplify and ignore the pricipal given and do
r=7%=0.07
n=2 (semiannualy means 2 times per year)
t=t
take the ln of both sides
divide both sides by ln1.035
times 2 both sides
use calculator
40.2976=t
nearest tenth
40.3
about 40.3 years