Find the time required for an investment of 5000 dollars to grow to 8300 dollars at an interest rate of 7.5
1 answer:
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Answer:
see below
Step-by-step explanation:
Usually, we're concerned about the relationship of y to x. Here, the question is asking you to consider the relationship of x to y.
The easiest way to find the answer to this one is to check the given explanations to see which is true. You can pretty much ignore the first row of the table and just look at the second row where x=5 and y=15.
- it is NOT TRUE that x is 3 times y (5 is not 3 times 15)
- it is TRUE that x is 1/3 of y (5 is 1/3 of 15)
- it is NOT TRUE that x is 5 times y (5 is not 5 times 15)
- it is NOT TRUE that x is 1/5 of y (5 is not 1/5 of 15)
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If you know your multiplication tables, you know that 15 = 3×5, so ...
5 = 15/3
5 = (1/3) × 15
The relationship of these numbers should not be a mystery.
