Answer:
See Below
Step-by-step explanation:
The question is asking:
After how many years, 20,000 will become 500,000 at an annual interest of 11.5%?
So, we need compound growth formula shown below to solve this:
F is future value
P is present amount
r is rate of interest
t is the time of year
Given,
F = 500,000
P = 20,000
r = 11.5% = 11.5/100 = 0.115
t is what we want to find
Now, we take natural log of both sides and solve for t:
Its is going to take about 29.57 years, rounding, 30 years
Answer:
6. b
7.
8. d
9. a
Step-by-step explanation:
I'm not sure what 7 is but I can assure you that 6, 8, and 9 are correct
Answer:
x = 1
y = -3/2
Step-by-step explanation:
Step 1: Arrange the equations with like terms in column.
Step 2: You want 1 set of coefficients that are opposites. This problem already has opposites: -2y and +2y.
Step 3: Solve for x.
4x-2y=7
3x+2y=0
--------------
7x = 7
x = 1
Step 4: Substitute the value of x and solve for y.
4(1)-2y=7
4-2y=7
-2y=7-4
-2y=3
y=-3/2
Answer:
0.75 U.S. dollars
Step-by-step explanation:
Answer:
3 musicans
Step-by-step explanation:
