Answer:
7 years 11 months
Step-by-step explanation:
The future value formula for the value of a principal P invested at annual rate r compounded n times yearly for t years is ...
FV = P(1 +r/n)^(nt)
For the given numbers, we want to find t:
6000 = 3700(1 +.062/2)^(2t)
Dividing by 3700 and taking the logarithm, we get ...
6000/3700 = 1.031^(2t)
log(60/37) = 2t·log(1.031)
Dividing by the coefficient of t gives ...
t = log(60/37)/(2log(1.031)) ≈ 7.92 . . . . . years
It will take about 7 years 11 months for the investment to grow to $6000.
Answer:
its 40% but since it's not there it could be 45%
Step-by-step explanation:
hope this helps
Answer:
7/12
Step-by-step explanation:
Simplification is something we can do if both the numerator and denominator are divisible by the same number.
In 14/24, both numbers are divisible by 2.
So, we divide both the numerator and denominator by 2. We get 7/12.
Therefore 14/24 = 7/12.
Answer: B and E
Step-by-step explanation:
I just took the assignment. :)
Answer:
Perform a Dilation of 4 on point A (2, 3) which you can see in the picture below. Multiply the coordinates of the original point (2, 3), called the image, by 4. Image's coordinates = (2 * 4, 3 * 4) to get the coordinates of the image (8, 12).
Step-by-step explanation:
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