2.5 years required for an investment of 5000 dollars to grow to 6000 dollars at an interest rate of 7.5 percent per year, compounded quarterly.
Step-by-step explanation:
The given is,
Initial investment - $5000
Future amount - $6000
Interest rate - 7.5% (compounded quarterly)
Step:1
Formula to calculate the Future amount with compound interest,
...................................(1)
Where, F - Future amount
P - Initial amount
r - Rate of interest
n - No. of compounding in a year
t - Time period
From given,
F = $6000
P = $5000
r = 7.5%
n = 4 (compounded quarterly)
Equation (1) becomes,



Take log on both sides,

Substitute log values,
0.07918 = 4(t) (0.0080676)
= (t) (0.0322705)
= 2.45
t ≅ 2.5 years
Result:
2.5 years required for an investment of 5000 dollars to grow to 6000 dollars at an interest rate of 7.5 percent per year, compounded quarterly.
Answer:
43 points
Step-by-step explanation:
a football field is 12 feet, so 12x3=36 and 36+7=43. So if maybe it would be 43? Lemme know if it's right <3. Hope this helped.
Answer:
12
Step-by-step explanation:
<h2>
The bond will be worth in total after 10 years is =$1,950</h2>
Step-by-step explanation:
Given,
Nora invested $1,500 in at a bond simple interest rate of 3%
here P= $1500 R= 3% and t = 10year
Simple interest(I) = 
=$ 
=$ 450
<h3>
The bond will be worth in total after 10 years is = $1,500+ $450</h3><h3>
=$1,950</h3>
Answer:
6x^2 + 4x
Step-by-step explanation:
g(x) + f(x)
= -8x^2 - 3x + 5 + 2x^2 + 7x - 5
= -8x^2 + 2x^2 - 3x + 7x + 5 - 5
= - 6x^2 + 4x