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It will take Nolan 7 years compounded annually at the rate of 3% for his money to reach $6880
To solve this problem, we would use the formula of compound interest.
Data given;
- A = 6880
- P = 5300
- r = 3.8 % = 0.038
- N = 1
The formula used in calculating compound interest is given as
let us plug in the values and solve for t.
Take the natural log of both sides
The time it will take for $5330 compounded annually at the rate of 3% is 7 years.
Learn more on compound interest here;
Answer: There is an asymptote at x = 4 and 2
and hole at x=2
Explanation:
To find vertical asymptote simply equate denominator to zero and find the value of x which is the vertical asymptote.
and hole is the point where numerator and denominator gives equal value
So, to find hole find fractions of numerator and denominator separately the common factor is the hole.
Here after factorisation the given function
Here, (x-2) is the common factor in numerator and denominator is the hole and value of x at denominator after equating to zero is x=2 ,4