An investment of $8500 increases in value by 4.5% every year. How long until the investment reaches about $17,323. Round to the nearest whole year

16 years

Step-by-step explanation:

Given data

Principal= $8500

Rate= 4.5%

Final amount=  $17,323

The expression to find time in compound interest is given as

t= ln(A/P)/r

substitute

t= ln(17323/8500)/0.045

t= ln(2.038)/0.045

t=0.711/0.045

t= 15.8 years

Hence the total time is about 16 years

an

y = 6x -3y -12

y +3y +12 = 6x

=> . x = { 2y / 3 +2 } this is equation of line in terms of x

=> . if line meets the x-axis the co-ordinates of meeting point would be ( x , 0 )

=> . x = 2 ( 0 ) / 3 + 2

=> . x = 2

so, the point is ( 2 , 0 )