Evaluate the expression 2⋅(3^6⋅3^−5) a) 2/3 b) 3 c) 6 d) 18
2 answers:
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Answer:
Number of year to get $10,000 as interest = 7.5 year (Approx)
Step-by-step explanation:
Given:
Initial investment = $20,000
Interest on investment = $10,000
Rate of interest = 5.6% = 0.056
Find:
Number of year to get $10,000 as interest:
Computation:
Number of year to get $10,000 as interest = 7.44
Number of year to get $10,000 as interest = 7.5 year (Approx)