Answer:
31 years to triple the investment
Step-by-step explanation:
Initial investment = 300
Triple amount that is final amount = 300*3= 900
rate of interest = 3.5 % = 0.035
we need to find out number of years (t)
for compounded continuously we use formula
A is the final amount
P is the initial amount
r is the rate of interest
t is the number of years
Divide both sides by 300
take 'ln' on both sides
ln(3) = 0.035t ln(e)
ln(e)= 1
t= 31.3889
Round to nearest whole number
t= 31 years
constant term in any function is the term whose value does not change on variation of other parameters or in other case. We can also say constant term is independent of variable parameters.
take example
y = x + 3
here 3 is constant term which will not change either I change x or y . 3 is independent . it's just helps equation to hold information that overall in equation its matter.
so in given problem -4 is the constant
An equation between two variables that gives a straight line when plotted on a graph.
2y = x+ x+ 1
2y = 2x + 1
y = (2x+ 1) /2
y = x + 1/2
According to the graph, this equation is linear
