2.5 years required for an investment of 5000 dollars to grow to 6000 dollars at an interest rate of 7.5 percent per year, compounded quarterly.
Step-by-step explanation:
The given is,
Initial investment - $5000
Future amount - $6000
Interest rate - 7.5% (compounded quarterly)
Step:1
Formula to calculate the Future amount with compound interest,
...................................(1)
Where, F - Future amount
P - Initial amount
r - Rate of interest
n - No. of compounding in a year
t - Time period
From given,
F = $6000
P = $5000
r = 7.5%
n = 4 (compounded quarterly)
Equation (1) becomes,
Take log on both sides,
Substitute log values,
0.07918 = 4(t) (0.0080676)
= (t) (0.0322705)
= 2.45
t ≅ 2.5 years
Result:
2.5 years required for an investment of 5000 dollars to grow to 6000 dollars at an interest rate of 7.5 percent per year, compounded quarterly.
Answer:
2(4x + 1)(x + 1)
Step-by-step explanation:
Given
8x² + 10x + 2 ← factor out 2 from each term
= 2(4x² + 5x + 1)
To factor the quadratic
Consider the factors of the product of the coefficient of the x² term and the constant term which sum to give the coefficient of the x- term
product = 4 × 1 = 4 and sum = + 5
The factors are + 1 and + 4
Use these factors to split the x - term
4x² + x + 4x + 1 ( factor the first/second and third/fourth terms )
= x(4x + 1) + 1 (4x + 1) ← factor out (4x + 1)
= (4x + 1)(x + 1), thus
4x² + 5x + 1 = (4x + 1)(x + 1) and
8x² + 10x + 2 = 2(4x + 1)(x + 1) ← in factored form
I believe Hector is correct
Explanation: for every 1 hour the income is $10, therefore working 32 hours will give you $320 as Hector stated, while working 18 hours will not give you $160 as Hannah stated, it will give you $180