The number of years it would take $4000 to grow to $4616 is 2.92 years.
<h3>How many years would it take the investment to have a value of $4616?</h3>
When an amount earns compound interest compounded semi annually, it means that both the amount invested and the interest accrued increases in value twice yearly.
Number of years = (In FV / PV) / r
- r = 9.8/2 = 4.90%
- FV = future value = 4616
- PV = present value = 4000
(In 4616 / 4000) / 0.049 = 2.92 years
Answer:
Step-by-step explanation:
For example, we'll use this quadratic equation.
To understand how to plug it into the formula we need to know what each term represents.
So the equation above would be put into the formula like this.
Then we would solve
Now, the equation will branch off into one that solves when addition and one when subtraction.
So x={-3, -2} (-3 and -2)
Answer:
5, 6 and 9 , 10 so E and F.
Step-by-step explanation:
Answer:
13.75
Step-by-step explanation:
make a ratio between the original lengths, 11 : 5.5
then put the ratio of the enlarged lengths, 27.5 : __
now you divide 27.5 by 11 to find how many times you multiplied the lengths, 2.5.
now you multiply 5.5 by 2.5 giving you the answer of 13.75
Answer: C
Step-by-step explanation:
