Answer:
r = 0.046212737
Step-by-step explanation:
A = 14,400 (what your investment originally is)
P = 7,200 (what you want your investment to be)
n = 365 (interest is compounded daily)
t = 15 (15 years)
Plug all of these numbers into the equation, then solve for r
14,400 = 7,200(1 + r/365)^365 · 15
Divide 7,200 on both sides --> 2 = (1 + r/365)^365 · 15
365 · 15 = 5475 --> 2 = (1 + r/365)^5475
5475√(2) = 1 + r/365 (root 5475 both sides to cancel out the exponent)
(5475√(2)) - 1 = r/365 (subtract one from both sides)
((5475√(2)) - 1) · 365 = r (multiply both sides by 365 to isolate r)
Type the left side into the calculator to get r --> 0.046212737.
Hope this helps!
Answer:
Step 1: Calculate the change by subtracting old cost ($50) from the new cost ($64)
Step 2: Divide that change by the old cost ($50). You will get a decimal number
Step 3: Convert the decimal number to a percentage by multiplying by 100%
Step-by-step explanation:
Try this first
3/8y = 9/24 since 3*3=9 and 8*3=24
4 = 64/16 since 16*4=64
3z/x = 9z/3x since 3z*3=9z and x*3=3x
Answer:
Step-by-step explanation:
Answer:
The two numbers are 31 and 19
Step-by-step explanation:
Let x and y be the numbers
x+y = 50
x-y = 12
Add the two equations together
x+y = 50
x-y = 12
-----------------
2x +0y = 62
Divide by 2
2x/2 = 62/2
x = 31
Now find y
31+y = 50
Subtract 31
y = 50-31
y = 19
