Answer:
D it
Step-by-step explanation:
We have two equations, A quadratic and a linear equation.
The domain of a linear equation and quadratic equation is all real numbers but since it dealing with time we must make sure the roots or x-intercepts is positive.
Looking at the quadratic equation, we can use the discramnt formula to see if all roots are positve.
The discramnt is greater than zero so there is two distinct real roots. So let check if they are positve
If you graph the equation, it intercepts at two positve roots so it is D
Answer:
It will take 88.2 months to accumulate the amount
Step-by-step explanation:
Given;
Future value of money, FV = $25,000
investment per compound period, P = $200
interest rate, i = 0.75% x 12 = 9%
The number of monthly installments required to amount to FV is given by;
Therefore, it will take 88.2 months to accumulate the amount.