Do you mean y = mx + b instead of y = mc + b? In that case:
b in y = mx + b format is the y-intercept, as this kind of equation is called slope-intercept form.
Answer:
2yrs
Step-by-step explanation:
Given parameters:
Amount of interest earned = $40
Principal = $400
Interest rate = 5%
Unknown:
Time taken for the money to be in bank = ?
Solution:
The formula for interest is given as:
I =
Where I is the interest
P is the principal
R is the rate
T is the time
So;
100I = PRT
T =
=
= 2yrs
Answer:
3141.59
Step-by-step explanation:
It takes about 14.55 years for quadruple your money
<em><u>Solution:</u></em>
Given that,
At 10 percent interest, how long does it take to quadruple your money
Rule of 144:
The Rule of 144 will tell you how long it will take an investment to quadruple
Here,
Rate of interest = 10 %
Therefore, number of years to quadruple your money is obtained by dividing 144 by 10
<em><u>Rule of 144 Formula: </u></em>

Where:
N = Number of many years times.
144 = Is the constant variable.
R = Rate of interest.

Thus it takes about 14.4 years for quadruple your money.
<em><u>Another method:</u></em>
If initial amount is $ 1 and it if quadruples it should be $ 4
We have to find the number of years if rate of interest is 10 %
Let "n" be the number of years
Then we can say,



Thus Option D 14.55 years is correct