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Lelechka [254]
3 years ago
6

John invests $6750 in an account that pays 6.25% interest per year. After how many years will her

Mathematics
1 answer:
Lera25 [3.4K]3 years ago
8 0

Answer:

32 years

Step-by-step explanation:

fist find how much of 6750 is 6.25%

6750 * .0625 = 421.875

then use trial and error until u get the number u want

421.875 * 10 = 4218.75 + 6750 = 1096875 NO

421.875 * 20 = 84375 + 6750 = 151875 NO

421.875 * 30 = 12656.25 + 6750 = 19406.25 NO

421.875 * 31 = 13078.125 + 6750 = 19828.125 NO

421.875 * 32 = 13500 + 6750 = 20250 YES

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Can someone help me with this?
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The equilibrium price is $12.

<h3>What is the equilibrium price ?</h3>

Equilibrium is the point where the quantity demanded is equal to the quantity supplied. The price at equilibrium is known as the equilibrium price and the quantity at equilibrium is known as the equilibrium quantity.

When shown on a graph, equilibrium is the point where the quantity demanded curve is equal to the quantity supplied curve.

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