Answer:
The number of years needed is 15.75 years.
Step-by-step explanation:
The investment amount (present value) = $200
Interest rate =4.5%
Double of investment = $400
Now we have to find the time or number of years in which the investment amount will be doubled. So, just use the below formula to find the number of years.
Future value = present value ×(1+interest rate)^n
400 = 200×(1+4.5%)^n
N = 15.75 years
The number of years required to double the amount is 15.75 years.
Barney can save
$119.66
in interest over the course of a year if he transfers his balance to a credit
card with an APR of 19.1%, compounded monthly. The correct answer between all
the choices given is the first choice or letter A.
Step-by-step explanation:
hope this helps you! have a great day
Answer:
we determine that none of the ordered pair is a solution of 
as none of the ordered pairs satisfy the equation.
Step-by-step explanation:
Considering the equation
- Putting (-5,2) in the equation
∵ L.H.S ≠ R.H.S
FALSE
- Putting (0,-5) in the equation
∵ L.H.S ≠ R.H.S
FALSE
- Putting (5,1) in the equation
∵ L.H.S ≠ R.H.S
FALSE
- Putting (7,5) in the equation
∵ L.H.S ≠ R.H.S
FALSE
From the above calculations, we determine that none of the ordered pair is a solution of as none of the ordered pairs satisfy the equation.
