Answer:
The answer is A
Step-by-step explanation:
The rectangular has a height of 4 unit and has a width of 7 units. Area of the rectangular is:
28 unit square.
The point of (2,2) is on the middle height of rectangular shape. The point has 2 unit distance to base and ceiling of the rectangular.
The line y=2 is passing thought on (2,2) and also divides rectangular into two rectangular which have 14 unit square area.
Therefor, the slope is 0
We have been given that you invest $100,000 in an account earning 8% interest compounded annually. We are asked to find the time it will take the amount to reach $300,000.
We will use compound interest formula to solve our given problem.
, where,
A = Final amount after t years,
P = Principal amount,
r = Annual interest rate in decimal form,
n = Number of times interest is compounded per year,
t = Time in years.
Let us take natural log on both sides of equation.
Using natural log property , we will get:
Upon rounding to nearest tenth of year, we will get:
Therefore, it will take approximately 14.3 years until the account holds $300,000.