Answer:
28 years
Step-by-step explanation:
To find the number of years that the investment will reach $3500, we can use the formula of compound interest:
P = Po * (1+r)^t
where P is the final value, Po is the inicial value, r is the annual interest and t is the time in years.
In this question, P = 3500, Po = 1800 and r = 2.46% = 0.0246, so:
3500 = 1800 * (1+0.0246)^t
1.0246^t = 3500/1800
1.0246^t = 1.9444
Using logarithm in both sides:
log(1.0246^t) = log(1.9444)
t*log(1.0246) = 0.2888
t * 0.0106 = 0.2888
t = 0.2888 / 0.0106 = 27.2453 years
So the investment will reach $3500 after 28 years (rounding the result up, because after 27 years the investment will not reach $3500)
Answer:
In standard index form a number is written firstly with a sign (if negative) followed ... by a power1 of 10. Powers of 10. Non-negative powers of 10. 100. 1. 101. 10.
Step-by-step explanation:i hope it helps
Answer:
y = 2x - 2
y = -x + 5
Step-by-step explanation:
First, look at the y-intercept of each line. On one line it is -2 and on the other it is 5. Then look at the amount the line goes up or down per x-notch. On one line it is 2 and on the other it is -1. Then sub in these values into the template y=mx+b and you will have your equations.
Answer:
original cost is 135$
Step-by-step explanation:
100%×54$÷40%= 135
