Answer:
1.55%
Step-by-step explanation:
Fill in the values and solve for the rate using the future value formula.
FV = P(1 +r/n)^(nt)
4720 = 4300(1 +r/12)^(12·6)
(4720/4300)^(1/72) = 1 +r/12
r = 12(4720/4300)^(1/72) -1) ≈ 0.015542
The annual interest rate is about 1.55%.
Answer:
Step-by-step explanation:
The equation
2 = (1/6)x represents this situation.
2 is 1/6 of some value. In this case, the value is the total number of marbles. 2 represents 1/6 of the total number of marbles is how to read that equation in context. Solve that equation for x
2 = (1/6)x
12 = x (multiply both sides by 6 to get rid of the fraction)
It's asking us to find the input value x such that f(x) = g(x). So let's look at the columns f(x) and g(x). We can see that both f(x) and g(x) have the value of 3. The x-value at which f(x) = g(x) = 3 is x = –1.
Thus the answer is x = –1.
