Answer:
9.99 years
Step-by-step explanation:
P=$3,500
r=7%=0.07
n=4(quarterly)
A= double of $3,500=
$3,500×2=$7,000
t=?
A=p(1+r/n)^nt
$7,000=$3,500(1+0.07/4)^4t
$7,000=$3,500(1+0.0175)^4t
$7,000=$3,500(1.0175)^4t
Divide both sides by $3,500
2=(1.0175)^4t
Take the log to base 10 of both sides
log2=4t × log1.0175
0.30103=4t × 0.00753
0.30103=4(0.00753)t
0.30103=0.03012t
t=0.30103/0.03012
t=9.99435
Approximately
9.99 years
Answer:
APR for the loan is 405.555%
Step-by-step explanation:
Amount borrowed by Garth from Loanshark Larry’s = $600
Duration for which money is borrowed = 15 days
Internet charged by Loanshark Larry’s for 15 days = $100
so Interest charged by Loanshark Larry’s for 1 day = $100/15
APR is Annual Percentage Rate that is rate of interest per year.
1 year = 365 days (Assuming year in discussion is not leap year)
so interest charged by Loanshark Larry’s for a year is
interest charged for 365 days = Interest charged by Loanshark Larry’s for 1 day multiplied by 365
⇒ (100/15)×365 = 2433.33$
so APR (in %) = (annual interest)*100/(amount borrowed) = 2433.33$ * 100/600 = 405.555%
so APR for the loan is 405.555%
The original number was 45 because if you use inverse operations 41+4=45
Answer: I think its C h(x)=-2.9x+250
Step-by-step explanation:
Answer:
a = 2
b = -1
7(2y^2 + (-1)y - 3) =
14y^2 - 7y -21
Step-by-step explanation: