Answer:
570406.68
Step-by-step explanation:
a= 235,000
r=.03
b= 1.03
x=30
y=ab^x
They are the same length. You need to find the common denominator (8) and multiply both the numerator and denominator on 3/4 to ger 6/8. Than, just draw a numberline comparing the lengths! Hope this helped
The Rule of 72 is a shortcut method to find the number of years to double your investment. This is only an estimation. This can be done by dividing 72 by the annual interest rate.
However, you are given a nominal rate since it is compounded annually. Let's convert this by this equation:
annual rate = (1+i/m)^m - 1, where m is the number of periods in a year. Thus, m=2
annual rate = (1 + 0.065/2)^2 -1 = 6.61%
Applying Rule of 72,
72 ÷ 6.61% = 10.89
This is where I found a problem. The answer here just directly divided 72 by 6.5% which will equal to 11.1 years. This is not accurate, since the given interest is compounded semi-annually. That is not an annual interest rate.
Nevertheless, the answer is still close to letter A.) 11.1 years.
I learned that Exponents are important in math because they allow us to abbreviate something that would otherwise be really tedious to write. If we want to express in mathematics the product of x multiplied by itself 7 times, without exponents we'd only be able to write that as xxxxxxx, x multiplied by itself 7 times in a row. , from exponents I
Answer:
9 weeks.
Step-by-step explanation:
First, find how many dollars Navid needs to save.
288-72= 216
Then, divide how much money that is needed by the number of dollars that are saved per week.
216/24= 9
Then tie it up into an equation:
(288-72)/24= x
x=9
