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9514 1404 393
Answer:
C) 12y 8m
Step-by-step explanation:
The amount of principal P at compound monthly at interest rate r per year is given by ...
A = P(1 +r/12)^(12t) . . . . after t years
Here, we want to find t, so ...
A/P = (1 +r/12)^(12t)
log(A/P) = (12t)·log(1 +r/12)
t = log(A/P)/(12·log(1 +r/12))
Filling in the given values, we find t to be ...
t = log(8000/4000)/(12·log(1 +0.055/12)) ≈ 12.6315 ≈ 12 years 7.6 months
It will take about 12 years 8 months to double the money.
Answer:
x = -2
y = 6
Step-by-step explanation:
i multiplied the 1st equation by 3 and the 2nd by 5 to get the y-terms to zero out
12x + 15y = 66
+ <u>35x - 15y = -160</u>
47x = -94
x = -94/47
x = -2
substitute -2 for 'x' to solve for 'y':
4(-2) + 5y = 22
-8 + 5y = 22
5y = 30
y = 6