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
First,let's find the slope-intercept form of equation which is y=mx+b, where y and x are coordinates, m is the slope and ,c is the y-intercept
y+6.75=0.25(x-1) y=0.25(2)-6.5
y+6.75-6.75=0.25x -0.25 -6.75 y=-6
y=0.25x-6.5
(2,-6) is the only correct answer I think is on the line with this equation.
688
x 29
6192
1376 x
19952
So you start by taking 9 from 29 and multiplying it by 688. when you get the answer put it below the line. then multiply the 2 from the 29 and whne you get the answer put a zero on the end and then add the answer you got from 9x688 (6192) and 2x688 (13760) and then thats youre answer. hope it helps!