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
The answer is -3.25 is greater :)
Answer:
-7/2 or -3.5
Step-by-step explanation:
Make the equation first
7x-1 = 5x-8
7 = -2x
-7/2 = x
Answer:
Step-by-step explanation:
Since each term is decreased by three 