Answer:
19.9
Step-by-step explanation:
we can write the following equation
18000(1.02)^n
where n is the number of years
so we have
26700=18000(1.02)^n
solve for n
1.483=1.02^n
use logs to solve for n
n=19.9
Answer:
2 for $0.25
Step-by-step explanation:
1.10/ 6= .20 (rounding)
1.00/ 5= .20
0.85/ 4= .21
0.25/ 2= .13 (rounding)
Answer:
interest rate = 2.9%
Step-by-step explanation:
the principal is $25,000, the interest is $10,875
Number of years = 15
We use simple interest formula
I = P*r*t
Where I is the interest amount=10,875
P is the principal amount= 25000
r is the interest rate = r
t is the number of years = 15
Plug in all the value in the formula
I = P*r*t
10875 = 25000 * r * 15
10875 = 375000 * r
Divide both sides by 375000
r=0.029
We always write rate of interest in percentage so we multiply by 100
0.029 * 100= 2.9%
So interest rate = 2.9%
Answer:
y-intercept = (0,-21)
vertex = (2,-25)
Step-by-step explanation:
