Answer:
7 = -x^2 +16
x^2 -16 = 7
x^2 -23 = 0
Using quadratic equation
x = -0 +- sqrt (23^2 - 4*1*23) / 2 * 1
x = sqrt (0 - -92) / 2
x = sqrt (92) / 2
x1 = 4.7958
x2 = -4.7958
(I tried to answer your question - even though you posted no question - AND you posted no graphics)
Step-by-step explanation:
Answer: the value of the account after 6 years is $101559.96
Step-by-step explanation:
If $64,000 is invested in an IRA account, then
Principal = $64,000
So P = 64,000
The rate at which $64000 was compounded is 8%
So r = 8/100 = 0.08
If it is compounded once in a year, this means that it is compounded annually (and not semi annually, quarterly or others). So
n = 1
We want to determine the value of the account after 6 years, this means
time, t = 6
Applying the compound interest formula,
A = P(1 + r/n)^nt
A = amount after n number of years
A = 64000( 1 + 0.08/1)^1×6
A = 64000(1.08)^6
A= 64000×1.58687432294
A= 101559.956668416
Approximately $101559.96 to 2 decimal places
1017, maybe, i hope its right, sorry if its not:)
