How long will it take for an investment of $3000 to double in value if the interest rate is 6.5% per year compounded continuousl
1 answer:
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Answer:
x = -
Step-by-step explanation:
Given
20x + 12 = 4x - 16 ( subtract 4x from both sides )
16x + 12 = - 16 ( subtract 12 from both sides )
16x = - 28 ( divide both sides by 16 )
x = = -
[ = - 1.75 ]
A equation to represent this situation is:
Now we have to find x.
Step 1: Subtract 0.5x from both sides.
<span><span><span><span>0.75x</span>+7.5</span>−<span>0.5x</span></span>=<span><span><span>0.5x</span>+10</span>−<span>0.5x</span></span></span><span><span><span>0.25x</span>+7.5</span>=10
</span>Step 2: Subtract 7.5 from both sides.
0.25x+7.5−7.5=10−7.50.25x=2.5
Step 3: Divide both sides by 0.25.
<span><span><span>0.25x/</span>0.25</span>=<span>2.5/<span>0.25
</span></span></span>Answer:
<span>x=<span>10</span></span>
They will cost the same after 10 rides.
Now we have to find x.
Step 1: Subtract 0.5x from both sides.
<span><span><span><span>0.75x</span>+7.5</span>−<span>0.5x</span></span>=<span><span><span>0.5x</span>+10</span>−<span>0.5x</span></span></span><span><span><span>0.25x</span>+7.5</span>=10
</span>Step 2: Subtract 7.5 from both sides.
0.25x+7.5−7.5=10−7.50.25x=2.5
Step 3: Divide both sides by 0.25.
<span><span><span>0.25x/</span>0.25</span>=<span>2.5/<span>0.25
</span></span></span>Answer:
<span>x=<span>10</span></span>
They will cost the same after 10 rides.