Answer:
After 11 years the value of the investment reaches $1500.00
.
Step-by-step explanation:
The formula used for finding time (when the value reaches certain amount) is:

where A= Future VAlue
P= Principal Value
r= rate of interest (in decimal)
n= no of times investment is compounded
t= time
Putting the values given and finding Time t,
A= $1500
P= $1200
r= 2% or 0.02
n= 4 (compound quarterly)


Dividing both sides by 1200 and solving 0.02/4 = 0.005


Since t is in power we take the logarithm ln on both sides.
The rule of logarithm says that the exponent can be multiplied with the base when taking log

Answer:
1
Step-by-step explanation:
(-6,4) and (2,12)
slope = m = (y2 - y1) / (x2 - x1)
= 12 - 4 / 2 - (-6)
= 8/8
= 1
Answer: 2/15
Step-by-step explanation:
1/3 x 2/5 = 2/15
Proofs are... well... just that. They are your proof for why a certain property works or what you did to show your work. So essentially, you just do math like normal, a proof is showing what you did and why it works.
To find the future value of this investment the formula is
A=p (1+r/k)^kt
A future value?
P present value 1000
R interest rate 0.07
K compounded monthly 12
T time 2 years
A=1,000×(1+0.07÷12)^(12×2)
A=1,149.81