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PSYCHO15rus [73]
3 years ago
14

If you invest $1,200 into an account with an interest rate of 8%, compounded monthly, about how long would it take for the accou

nt to be worth $12,000?
Mathematics
1 answer:
inessss [21]3 years ago
6 0

Answer:

n= 346.37 months

Step-by-step explanation:

Giving the following information:

Initial investment (PV)= $1,200

Number of periods (n)= ?

Interest rate (i)= 0.08 / 12= 0.00667

Future Value (FV)= $12,000

<u>To calculate the number of months required to reach the objective, we need to use the following formula:</u>

n= ln(FV/PV) / ln(1+i)  

n= ln(12,000 / 1,200) / ln(1.00667)

n= 346.37 months

In years:

346.37/12= 28.86 years

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Answer:(x_1,y_1)=(1,-2)

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Step-by-step explanation:

Given

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L=\sqrt{\left ( 1-\left ( -8\right )\right )^2+\left ( -6+6\right )^2}

L=\sqrt{9^2}=9 units

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Let the other side be x

thus

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x=4 units

therefore to get the other two co ordinates

such that the length of that side is 4 units is

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Horizontal distance will remain same only vertical distance will change in given co ordinates to obtain the remaining two co ordinates

To verify the above two  distance between two points must be 13 units

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Answer:

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When the equation has only one solution then the discriminant is equal to 0

In the graph of question number 30 we can see that the graph does not intersects the x axis  

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