Answer:
Guys I would really like the help pls
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Answer:
9.694 years
Step-by-step explanation:
Let the investment is $P.
So, we are asked to determine the time it will grow to triple with the compound interest rate of 12%.
Let the time is y years.
So, from the formula of compound interest we can write
⇒
⇒
Now, taking log both sides we get,
y log 1.12 = log 3 {Since, }
⇒ 0.04922y = 0.477712
⇒ y = 9.694 years (Answer)
Answer:
x = 3
Step-by-step explanation:
Let's solve your equation step-by-step.
5x + 11 = -3x +35
Add 3x to both sides.
5x + 11 + 3x = -3x + 35 + 3x
8x + 11 = 35
Subtract 11 from both sides.
8x + 11 - 11 = 35 - 11
8x = 24
Divide both sides by 8.
x = 3
So therefore, that is how you found your answer: x = 3