Answer: 6.93 years
Step-by-step explanation:
Given
Rate of interest is 
Future value is given by 
For the investment to double itself, i.e. 
It takes around 6.93 years to double the investment.
Answer:
The equation would be y = 5x - 15
Step-by-step explanation:
To find the equation to this line, we first have to note that parallel lines have the same slope. Since the original line has a slope of 5, we know that the new line will also have that slope. Then we can use the slope and the point in point-slope form and solve for y.
y - y1 = m(x - x1)
y - 5 = 5(x - 4)
y - 5 = 5x - 20
y = 5x - 15
Answer:
YES
Step-by-step explanation:
