An initial investment of 480$ is appreciated for 2 years in an account that earns 7% interest, compound quarterly. Find the amou
1 answer:
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Answer:
See attachment
Step-by-step explanation:
The given system is :
Let us equate both equations and solve for x.
The the two lines of this system will meet at (-4,9)
The graph is shown in the attachment.
Answer:
The correct answer is 54.76 years.
Step-by-step explanation:
The national health care expenditure (H) , in billion of dollars is modeled by
H = 29.57 × .
To measure the time before which national health expenditure reach 6000 billion dollars.
Thus putting the value of H = 6000 in the above modeled equation we get,
⇒ 6000 = 29.57 ×
⇒ =
⇒ 202.908 =
Taking logarithm with the base of e (㏑) both sides we get,
⇒ ㏑ 202.908 = ㏑
⇒ ㏑ 202.908 = 0.0970 × t
⇒ 0.0970 × t = 5.312
⇒ t =
⇒ t = 54.76.
Thus the total time required before which national health expenditure reach 6000 billion dollars is 54.76 years.