Ellie wants to double her savings of £8000 by investing her money for 16 years.
1 answer:
Answer:
She need a interest rate of 6.25%
Step-by-step explanation:
we know that
The simple interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest
t is Number of Time Periods
in this problem we have
substitute in the formula above and solve for r
Convert to percentage
You might be interested in
Solution
Given the question in the image, the following are the solution steps to answer the question.
STEP 1: Write the formula for slope
STEP 2: Pick two points
STEP 3: Find the unit price per cup
Since 4 cups cost $5, one cup will cost
Therefore, the answer is $1.25
Answer:
When we have a rational function like:
The domain will be the set of all real numbers, such that the denominator is different than zero.
So the first step is to find the values of x such that the denominator (x^2 + 3) is equal to zero.
Then we need to solve:
x^2 + 3 = 0
x^2 = -3
x = √(-3)
This is the square root of a negative number, then this is a complex number.
This means that there is no real number such that x^2 + 3 is equal to zero, then if x can only be a real number, we will never have the denominator equal to zero, so the domain will be the set of all real numbers.
D: x ∈ R.
b) we want to find two different numbers x such that:
r(x) = 1/4
Then we need to solve:
We can multiply both sides by (x^2 + 3)
Now we can multiply both sides by 4:
Now we only need to solve the quadratic equation:
x^2 + 3 - 4*x - 4 = 0
x^2 - 4*x - 1 = 0
We can use the Bhaskara's formula to solve this, remember that for an equation like:
a*x^2 + b*x + c = 0
the solutions are:
here we have:
a = 1
b = -4
c = -1
Then in this case the solutions are:
x = (4 + 4.47)/2 = 4.235
x = (4 - 4.47)/2 = -0.235