value of x is: x= i and x= -i
Step-by-step explanation:
We need to find the value of x from
using quadratic formula.
The term is: 
The quadratic formula is:

Where a = 1, b=0,c=1
Putting values:

So, value of x is: x= i and x= -i
Keywords: Quadratic formula
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Current amount in account
P=36948.61
Future value of this amount after n years at i=11% annual interest
F1=P(1+i)^n
=36948.61(1.11)^n
Future value of $3000 annual deposits after n years at i=11%
F2=A((1+i)^n-1)/i
=3000(1.11^n-1)/0.11
We'd like to have F1+F2=280000, so forming following equation:
F1+F2=280000
=>
36948.61(1.11)^n+3000(1.11^n-1)/0.11=280000
We can solve this by trial and error.
The rule of 72 tells us that money at 11% deposited will double in 72/11=6.5 years, approximately.
The initial amount of 36948.61 will become 4 times as much in 13 years, equal to approximately 147800 by then.
Meanwhile the 3000 a year for 13 years has a total of 39000. It will only grow about half as fast, namely doubling in about 13 years, or worth 78000.
Future value at 13 years = 147800+78000=225800.
That will take approximately 2 more years, or 225800*1.11^2=278000.
So our first guess is 15 years, and calculate the target amount
=36948.61(1.11)^15+3000(1.11^15-1)/0.11
=280000.01, right on.
So it takes 15.00 years to reach the goal of 280000 years.
Great White
White-angled sulphur
Large orange sulphur
Apricot sulphur
Answer:
They won 63 and lost 84.
Step-by-step explanation:
147 in 7 parts
1 part= 21
ratio of 3 parts to 4 parts
3 parts=63
4 parts=84