Answer:
7 years 11 months
Step-by-step explanation:
The future value formula for the value of a principal P invested at annual rate r compounded n times yearly for t years is ...
FV = P(1 +r/n)^(nt)
For the given numbers, we want to find t:
6000 = 3700(1 +.062/2)^(2t)
Dividing by 3700 and taking the logarithm, we get ...
6000/3700 = 1.031^(2t)
log(60/37) = 2t·log(1.031)
Dividing by the coefficient of t gives ...
t = log(60/37)/(2log(1.031)) ≈ 7.92 . . . . . years
It will take about 7 years 11 months for the investment to grow to $6000.
Problem would be $424 x .40
and the answer would be <span>169.6 USD</span>
Answer:
Step-by-step explanation:
If two chords intersect inside a circle, then
DE * BE =AE * CE
10*x = 8*6
10x = 48
x = 48/10
x = 4.8
Your answer would be x =211
