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
Answer:
Step-by-step explanation:
⊕ The slope will increase
Google on the word SCALAR. that's the word your looking for
If that 25/4 is a fraction them the answer is 53/4. Or in simplest form 3 5/16 or 3.3125