Answer:
After 23 years , the capital will get three times as big
Step-by-step explanation:
Firstly, let us write the compound interest formula
P = I( 1 + r)^n
Since we are considering a capital rise of 3 times
If I, the initial value is x, the P
value later will be 3x
Interest rate is 5/100 = 0.05
so we need the value of t
This will be;
3x = x(1 + 0.05)^t
3= 1.05^t
ln 3 = t ln 1.05
t = ln 3/ln 1.05
t = 23 years
Answer:
A.
Step-by-step explanation:
You should be tracking your work so that you can find a pattern within the graph to correctly write the next answer.
0.0034, This should be the decimal
No because 11/12 is not even a whole number, whereas 2 1/3 (ok so not a whole number but above a whole number) is.
Yes it is proportional for a table
