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Novay_Z [31]
3 years ago
14

I realy need help im desperateNumber 37

Mathematics
2 answers:
Goryan [66]3 years ago
4 0
I just realized the numbers were in the negatives, sorry. The answer should be -4 > -22 because negative numbers work backwards on a number line. Sorry for any confusion.
stellarik [79]3 years ago
3 0
Im not sure what inequality means but it is 4°C<22°C
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You have $1000 to invest in an account and need to have $1500 in one year. What interest rate would you need to have in order to
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Let r be the interest rate. Then:
1000(1+r/4)^4=1500
(1+r/4)^4=1.5
ln (1+r/4)^4= ln 1.5
4 ln (1+r/4)=ln 1.5
ln (1+r/4)=0.10136627702704109549450327886609
1+r/4=e^0.10136627702704109549450327886609=1.1066819197003215924087902734403
r/4=0.1066819197003215924087902734403
r=0.42672767880128636963516109376133 or 42.67%, compounded quarterly. ☺☺☺☺


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