Tangent always meets radius at 90° angle.
Angle ABC = 90° so Pythagoras' theorem applies.
r² + 4² = (r+2)²
r² + 16 = r² + 4r + 4
12 = 4r
r = 3
2.5 years required for an investment of 5000 dollars to grow to 6000 dollars at an interest rate of 7.5 percent per year, compounded quarterly.
Step-by-step explanation:
The given is,
Initial investment - $5000
Future amount - $6000
Interest rate - 7.5% (compounded quarterly)
Step:1
Formula to calculate the Future amount with compound interest,
...................................(1)
Where, F - Future amount
P - Initial amount
r - Rate of interest
n - No. of compounding in a year
t - Time period
From given,
F = $6000
P = $5000
r = 7.5%
n = 4 (compounded quarterly)
Equation (1) becomes,
Take log on both sides,
Substitute log values,
0.07918 = 4(t) (0.0080676)
= (t) (0.0322705)
= 2.45
t ≅ 2.5 years
Result:
2.5 years required for an investment of 5000 dollars to grow to 6000 dollars at an interest rate of 7.5 percent per year, compounded quarterly.
There is no graph brother, please provide a graph and i can help you
Answer:
a = 6
b = 3/4
Step-by-step explanation:
They both need to have the same slope.
The slope in the first equation is 6
That means that the second equation must have a = 6
They both need to have the same y intercept
The second equation has a y intercept of 3/4
Therefore b in the first equation, must be 3/4