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.
Answer:
B
Step-by-step explanation:
32x + 24 = 20
24 - 24= 0
20 - 24= -4
32x = -4
32x/32
x
-4/32= -8
X= -1/8
four and negative four :)
Answer:
1/12
Step-by-step explanation:
3/4=9/12
12/12-9/12=3/12
(3/12)/3=1/12
