Taking into consideration that the interest is compound (yearly)
the amount of money gather through the years can be calculated by
A = P (1+r)^(t)
6000 = 5000 (1.03)^t
t = ln(6000/5000)/ln(1.03) = 6.16 ≈ 7
c. 7 years
Answer:
$29.4
Step-by-step explanation:
I assume the question is based on simple interest since you didn't specify
Using simple interest
Simple interest=P×R×T
Where,
P=principal=$1470
R=interest rate=4%=0.04
T=time=6 months=0.5 year
Simple interest=P×R×T
=1470×0.04×0.5
=29.4
Interest earned=$29.4
Answer:
x = -4
Step-by-step explanation:
Step 1: Define
j(x) = 3x + 1
j(x) = -11
Step 2: Substitute and solve for <em>x</em>
-11 = 3x + 1
-12 = 3x
x = -4
564/24 equals to 47/2 or 23.5
Answer:
To do this, subtract 6 from both sides. − 3_x_ + 6 − 6 > 12 − 6. −3_x_ > 6. Now divide both sides of the inequality by −3. Since you're dividing by a negative number, you need to flip the inequality sign.
Step-by-step explanation:
