What is the equation of the line that is parallel to the given line and passes through the point (–2, 2)? y = One-fifthx + 4 y =
2 answers:
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Answer:
Number of year to get $10,000 as interest = 7.5 year (Approx)
Step-by-step explanation:
Given:
Initial investment = $20,000
Interest on investment = $10,000
Rate of interest = 5.6% = 0.056
Find:
Number of year to get $10,000 as interest:
Computation:
Number of year to get $10,000 as interest = 7.44
Number of year to get $10,000 as interest = 7.5 year (Approx)