Find the time required for an investment of 5000 dollars to grow to 7700 dollars at an interest rate of 7.5 percent per year, compounded quarterly. Round to the nearest hundredth (2 decimal places). Your answer is t = years.

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Equations and Inequations

Equations and inequalities describe the relationship between two mathematical expressions.

Linear Functions

A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.