If you do long division youll get the remainder which is: 28x + 30
Answer:
The growth rate he needs to achieve his goal is approximatelly 19.8%
Step-by-step explanation:
Since the sum will be compounded continuously we have to use the appropriate formula given below:
M = C*e^(r*t)
Where "M" is the final amount, C is the initial amount, r is the interest rate and t is the time elapsed. Since Sung Lee will invest that sum at 18 years old and he wants to recieve the return at 25, then the time elapsed is given by 25 -18 = 7 years. We can now apply the data to the formula:
16000 = 4000*e^(r*7)
4000*e^(7*r) = 16000
e^(7*r) = 16000/4000 = 4
ln[e^(7*r)] = ln(4)
7*r = ln(4)
r = ln(4)/7 = 0.198
The rate of interest is given by (r)*100%, so we have (0.198)*100% = 19.8%.
Looks alot like the previous term +200
The slope intercept form using the two points would be : y= 2x-13
Explanation:
Pair 1 is true if Jeff's monthly income is $600/20% = $3,000.
Pair 2 is true if Jeff's monthly income is $1200/10% = $12,000.
Both pairs can be true if Jeff's monthly income increased by a factor of 4 in the 20 years from 1990 to 2010.
Obviously, Jeff spent more on housing in 2010. (Fortunately for Jeff, that larger expenditure was a smaller fraction of his income.)
