The answer to this question would be: 17 years
The <span>interest rate is 3.8% compounded twice a year. The function of the saving account amount would be:
f(x)= </span><span>4,790.23* (1+ 0.038/2)^2x
</span>f(x)= 4,790.23* (1.019)^2x
Then for f(x)= 9,000 the x value would be:
9,000= 4,790.23* (1.019)^2x
9,000/4,790.23= (1.019)^2x
1.8788= (1.019)^2x
<span>2x=34
</span>x=17
Answer:
No
Step-by-step explanation:
When using percentage out of a hundred, the number of percentage is the same number.
For example, if you have 30% out of a hundred it would be 30. So, 8% would be 8 instead of 10
Simply divide $10 by 4.5 to get the answer $2.22 per pound (actually the 2's keep repeating.
I guess the store might charge $2.23 since some will round any overage to the next penny.
