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d1i1m1o1n [39]
3 years ago
11

Approximately how many years will it take $3000 to double if it is invested in an account that pays 3%

Mathematics
1 answer:
Anna71 [15]3 years ago
6 0

Answer:

24 years

Step-by-step explanation:

Total = start*(1 + interest rate / amount of times compounded per month)^(years*amount of compounds per year)

6000 = 3000*(1+0.03/4)^(4x)

6000 = 3000* ((403/400)^4)^x

2 = ((403/400)^4)^x

x = log base-((403/400)^4) of 2 = x

x = 23.19

rounding down 23 years (but you probably want a year over that to get at least 6000, so 24)

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balu736 [363]

Answer:

5, -4

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3 years ago
Find the following equation
adoni [48]

Answer:

y=\frac{-1}{2}x+7

Step-by-step explanation:

Slope intercept form: y=mx+b when m is the slope of the line and b is the y-intercept (the y-coordinate of the point the line crosses the y-axis)

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We can use any two points that the table gives us to plug into this equation. For example, we can use the points (14,0) and (0,7):

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y=\frac{-1}{2}x+b

<u>2) Find the y-intercept (</u>b<u>)</u>

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Looking at the table, we can see that y is equal to 7 when x is equal to 0, so, therefore, b=7.

Now, this is our final equation after plugging in m and b:

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I hope this helps!

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