Polygon is Bounded by four lines. 3x+4=0 , 3x + 4 +25 =0, 4x-3y-25=0 , and 4x-3y+25=0,
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compound interest equation for annually compounded
A=final amount
P=principal
r=rate in decimal
t=time in years
given that
A=1550
P=1000
r=5.5%=0.055
find t
divide both sides by 1000
take ln of both sides
use ln rule
divide both sides by ln(1.055)
using a calculator, we get that t=8.18544 yrs
so about 8.2yrs