Does this have anything to do with school? Do you need help sir?
Answer:
This is an exponential growth problem.
The growth rate is 4% (0.04).
The time is 10 years (10 years from 2005 to 2015)
A = P(1+i)t
A = amount spent in 2015
P = amount spent in 2005
i = interest rate expressed as a decimal
t = # years
A = 500(1.04)10
A = 500(1.480244)
A = 740.122 ==> 740 billion
Step-by-step explanation:
Amy is constructing an equilateral triangle. it's she joins the centers of the 2 circles to the point of intersection she will be done
option a
Let x be the amount invested at 6%
840 = 0.06x + 0.075(2x)
840 = 0.06x + 0.15x
840 = 0.21x
x = 840/0.21
x = 4000
Therefore, she invests $4000 at 6% and $8000 at 7.5%
