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MariettaO [177]
3 years ago
9

using compound interest, how long does it take to double a 1000 dollar investment that pays 6.5% annual interest, compounded mon

thly?​
Mathematics
1 answer:
KonstantinChe [14]3 years ago
3 0

Answer:

11 years approx

Step-by-step explanation:

Given data

P=$1000

A=2000

R=6.5%

T= ?

Calculate time, solve for t

t = ln(A/P) / r

substitute

t=ln(2000/1000)/0.065

t=ln(2)/0.065

t=0.693/0.065

t=10.66

Hence the time is 11 years approx

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The table shows a linear function.
sergejj [24]

Answer:

\large\boxed{y=\dfrac{5}{3}x+9}

Step-by-step explanation:

The slope-intercept form of an equation of a line:

y=mx+b

<em>m</em><em> - slope</em>

<em>b</em><em> - y-intercept → (0, b)</em>

The formula of a slope:

m=\dfrac{y_2-y_1}{x_2-x_1}

From the table we have an y-intercept (0, 9) → b = 9.

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3 years ago
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In this problem, we need to plug in the given x values for f(x)=0 and find a and b.

When we plug in 1, we get: 2 \times {1}^{4} - 5 \times {1}^{3} - 14 \times {1}^{2} + a \times 1 + b = 0

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We got our first statement about the values of the variables. If we find one more we can find those 2 variables.

We have another given root: 4.

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Now we have our second one. We can combine them:
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I use elimination method which is easier here.

Multiply the top equation by -1: - a - b = - 17 \\ 4a + b = 32

Add them up:
3a = 15

Simplify:
a = 5

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