2.5 years required for an investment of 5000 dollars to grow to 6000 dollars at an interest rate of 7.5 percent per year, compounded quarterly.
Step-by-step explanation:
The given is,
Initial investment - $5000
Future amount - $6000
Interest rate - 7.5% (compounded quarterly)
Step:1
Formula to calculate the Future amount with compound interest,
...................................(1)
Where, F - Future amount
P - Initial amount
r - Rate of interest
n - No. of compounding in a year
t - Time period
From given,
F = $6000
P = $5000
r = 7.5%
n = 4 (compounded quarterly)
Equation (1) becomes,



Take log on both sides,

Substitute log values,
0.07918 = 4(t) (0.0080676)
= (t) (0.0322705)
= 2.45
t ≅ 2.5 years
Result:
2.5 years required for an investment of 5000 dollars to grow to 6000 dollars at an interest rate of 7.5 percent per year, compounded quarterly.
As a fraction, it can’t be simplified. As a decimal, it’s 0.375.
Answer: 2x + y < 7
Step-by-step explanation:
In the graph we can see that:
The line is a dashed line, and the shaded area is below the dashed line, then we will have something like:
y < a*x + b
We also can see that the slope of the line is negative, and that the y-intercept is +7
Then the inequality will be something like:
y < a*x + 7
Now we can see that the line passes through the points (0, 7) and (3, 1)
Then the slope will be:
a = (1 - 7)/(3 - 0) = -6/3 = -2
that is negative, as we already said.
Then we have:
y < -2*x + 7
we can rewrite this as:
2x + y < 7
This is the first solution shown.
20.75 because if you add 4.85+7.95+7.95 add that you get 20.75
Answer:
20 percent
Step-by-step explanation:
100(%) (all 5 balls) ÷ 5 = 20(%)