Based on the interest rate and continuous compounding, the investment would double in value after 18.5 years.
We have given that,
investment to double at a 3 3/4% interest rate,
<h3>When will the investment double in value?</h3>
The future value using continuous compounding is:
= Amount x e ^ (rate x time)
Interest is
= 3.75%
<h3>What is the formula of an exponential function?</h3>
2 = e ^ (0.0375 x time)
In2 = 0.0375 x time
t = In2 / 0.0375
t= 18.5 years
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I believe the answer is: By using the point slope formula, which states that a given point (x1, y1) and a slope m, the equation of the line can be written as y - y1 = m(x - x1)
Answer:
Step-by-step explanation:
All the variables on the right are being multiplied together then the whole mess is being divided by 2. Let's get rid of the 2 first. The undoing of division is multiplication, so we will begin by multiplying both sides by 2 to get
Next we will move the m. The undoing of multiplication is division. So we divide both sides by m to get
The undoing of a square is to take the square root, so we will do that to both sides giving us, finally
Answer:
y = 5/6x - 5.167
Or
y = 5/6x - 31/6
Step-by-step explanation:
The equation of a line
y = mx + c
Step 1: find the slope
m = y2 - y1 / x2 - x1
Given points
( 0 , -7) ( 5 , -1)
x1 = 0
y1 = -7
x2 = 5
y2 = -1
Insert the values into the equation
m = -1 - (-7) / 5 - 0
m = -1 + 7 / 5
m = 6/5
y = 6/5x + c
Step 2: sub any of the two points given into the equation
y = 5/6x + c
( 5 , -1)
x = 5
y = -1
-1 = 5/6(5) + c
-1 = 5*5/6 + c
-1 = 25/6 + c.
c = -1 - 25/6
LCM = 6
c = -6 - 25 / 6
c = -31/6
c = -5.167
Step 3: sub c into the equation
y = 5/6x + c
y = 5/6x - 31/6
Or
y = 5/6x - 5.167
The equation of the line is
y = 5/6x - 5.167
