After how many years, to the nearest whole year, will an investment of $100,000 compounded quarterly at 4% be worth
1 answer:
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(5,24)
- The two areas are the same.
- To find the area, we multiply the side lengths. Y=area
Rectangle 1: side lengths 4 and (x+1)
y=4(x+1)= 4x+4
Rectangle 2: side lengths 3 and (2x-2)
y=3(2x-2)= 6x-6
- Since the two areas are same, we can conclude that
4x+4=6x-6
- Now, simplify.
-2x=-10, x=5
- Since x is 5, we can plug it into the equations to find y.
Option 1 with rectangle 1: y=4(5)+4, y=24
Option 2 with rectangle 2: y=6(5)-5, y=24
I graphed the linear equation on desmos.
