What are the missing numbers pls do it in order!!! :)
2 answers:
You might be interested in
Answer:
Step-by-step explanation:
Remember:
Given the equation , you need to solve for the variable "x" to find its value.
You need to square both sides of the equation:
Simplifying, you get:
Factor the quadratic equation. Find two numbers whose sum be 7 and whose product be -8. These are: -1 and 8:
Then:
Let's check if the first solution is correct:
(It checks)
Let's check if the second solution is correct:
(It does not checks)
Therefore, the solution is:
compound interest equation for annually compounded
A=final amount
P=principal
r=rate in decimal
t=time in years
given that
A=1550
P=1000
r=5.5%=0.055
find t
divide both sides by 1000
take ln of both sides
use ln rule
divide both sides by ln(1.055)
using a calculator, we get that t=8.18544 yrs
so about 8.2yrs