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)
The answer is C.
x=2
y=-30
(2;-30)
Answer:
243, 729, 2187
Step-by-step explanation:
Multiply the previous with 3
It's Geometric sequence
Brainliest please~
Answer:
Total amount paid for the Car=$24,832
Finance Charge=$2,382
Step-by-step explanation:
Down payment on the Car=$2800
Number of Monthly Installments=36
Amount Paid Per Installment=$612
Total Monthly Installment Paid=36*$612=$22032
Therefore, the Total Amount Paid for the Car=Down Payment+Total Installmental Payment=2800+22032=$24,832
Next, we determine the finance charge.
Finance Charge=Total Amount Paid for the Car - Delivered Price of the Car
=24832-22450
=$2,382
Therefore:
Total amount paid for the Car=$24,832
Finance Charge=$2,382
Answer: It's B
Step-by-step explanation:
