1,2,4belong on company sources and 3 should be on external information
Answer:
sorry I do not know
Step-by-step explanation:
Answer: number of years that it will take for the balance to reach $120,000 is 42 years
Step-by-step explanation:
Initial amount deposited into the account is $4000. This means that the principal is $4000
P = 4000
It was compounded annually. This means that it was compounded once in a year. So
n = 1
The rate at which the principal was compounded is 8.4%. So
r = 8.4/100 = 0.084
Let the number of years that it will take for the balance to reach $120,000. It means that it was compounded for a total of t years.
Amount, A at the end of t years is $120,000
The formula for compound interest is
A = P(1+r/n)^nt
120000 = 4000(1 + 0.084/1)^1×t
120000/4000 = 1.084^t
30 = 1.084^t
t = 42 years
Answer:
5
General Formulas and Concepts:
<u>Algebra I</u>
Slope-Intercept Form: y = mx + b
- m - slope
- b - y-intercept
Step-by-step explanation:
<u>Step 1: Define</u>
y = 5x
<u>Step 2: Break Function</u>
<em>Identify Parts</em>
Slope <em>m</em> = 5
y-intercept <em>b</em> = 0
Answer:
8/25 is the simplest form
