2. If Mr. Escobar had an initial investment of $50,000 and the annual interest rate was 4%, how long would it take

to double his initial investment?

A)16 year

B)17

C)18

None of the above

None of the above

Step-by-step explanation:

The correct answer to the given question is None of the above

Assuming simple rate

The calculation is shown below

$50,000 * 4% = $2,000

this makes an interest of $2,000 per year.

$2,000 / $50,000 = 25 years

It will take 25 years to double Mr. Escobars initial investment so the answer is none of the above.

entering that problem on the tube might get you an answer

37/3

step-by-step explanation:

step 1: simplify both sides of the equation.

7x+8(x+

1

4

)=3(6x−9)−8

7x+(8)(x)+(8)(

1

4

)=(3)(6x)+(3)(−9)+−8(distribute)

7x+8x+2=18x+−27+−8

(7x+8x)+(2)=(18x)+(−27+−8)(combine like terms)

15x+2=18x+−35

15x+2=18x−35

tep 2: subtract 18x from both sides.

15x+2−18x=18x−35−18x

−3x+2=−35

step 3: subtract 2 from both sides.

−3x+2−2=−35−2

−3x=−37

step 4: divide both sides by -3.

−3x

−3

=

−37

−3

x=

37

3