According to the rule of 72,
72/rate=time
72÷9.6=7.5 years
An alternative method for resolution using the main formula
2300=1150(1+0.096/4)^4t
Isolate t
t=((log(2,300÷1,150)÷log(1+(0.096÷4))÷4))=7.31 years
I hope this is helpful:-)
The y-intercept is the location where any graph meets the y-axis.
Conversely, the x-intercept is where a graph intersects the x-axis.
This indicates that the coordinates at the intercept will always have the x-value as 0. Therefore, points of the format (0, y) represent y-intercepts, while points in the format (x, 0) indicate x-intercepts.
The provided points are:
(0,-6): y-intercept
(-2,0): x-intercept
(-6,0): x-intercept
(0,-2): y-intercept
Response:
Detailed explanation:
First company bid:
The bid is 
more
of 
Bid of first 
Second company bid:
The second company’s bid is 
higher than the first
of the first bid 
As a result, the second company's bid is 
