Scale factors are multipiled
a times scale factor turns into b
so
0.5 times scale factor=0.8
divide both sides by 0.5
scale factor=1.6
the scale factor is 1.6
Answer:
Part a)
Part b)
Part c)
Step-by-step explanation:
<u><em>The complete question is</em></u>
If $10,000 is invested at an interest rate of 10% per year, compounded semiannually, find the value of the investment after the given number of years. (Round your answers to the nearest cent.)
a)6 years
b)12 years
c)18 years
we know that
The compound interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
Part a) 6 years
we have
substitute in the formula above
Part b) 12 years
we have
substitute in the formula above
Part c) 18 years
we have
substitute in the formula above