The situations can be represented by the exponential function f(x)=60x1.15^x
After 7.86 years the value of the investment will be three times the initial value (If you round to the nearest dollar)
After 8 years the value of the investment will be $184.00 (If you round to the nearest dollar)
Answer:
The answer is 9.
Step-by-step explanation:
m = 5
n = 4
m + n
(5) + (4) = 9
Answer: 40%
Step-by-step explanation:
Total: 760.
304 of 760 as a percentage = 40%.
760 - 304 = 456.
456 of 760 as a percentage = 60%.
Answer:
i believe its b but its kind of hard to read
Step-by-step explanation:
Answer:
The number of years to double the lump sum in value is;
N = 72/10 = 7.20
N = 7.20 years
Step-by-step explanation:
Using the rule of 72 for the approximation:
The formula for rule of 72 is;
Number of years to double = 72/interest rate in percentage
Given;
Interest rate = 10%
The number of years to double the lump sum in value is;
N = 72/10 = 7.20
N = 7.20 years
