Im there so what math problem
1/9 maybe possible go with the best choice
Hey refer to attachment!!!
Draw straight line from 220 (in thousands ) to the plotted line. Draw line parallel to x-axis from point where it touches the plotted line to the y -axis.
It'll automatically meet at 500 which is the answer..
All you need to do is to see the graph carefully.
Hope it helps *_*
Answer:
8 years
Step-by-step explanation:
Compound interest formula

A(t) is the final amount 55000
A_0= 40000, r= 4% = 0.04, for quarterly n=4

divide both sides by 40000


Take ln on both sides

divide both sides by ln(1.01)

Divide both sides by 4
t=8.00108
So it takes 8 years