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Home » So $x = 1$ and $x = 3$. - Midis

So $x = 1$ and $x = 3$. - Midis

📅 March 11, 2026 👤 scraface

Mar 11, 2026

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📌 So, the smallest such number is:

📌 \times 3 = 108

📌 Thus, the smallest three-digit number divisible by both 9 and 12 is \(\boxed{108}\).A venture capitalist invests $500,000 in a clean technology startup that promises a 12% annual return compounded quarterly. If all returns are reinvested, how much will the investment be worth after 3 years?

📌 The quarterly interest rate is 12% / 4 = 0.03.

📌 The number of compounding periods is 3 years × 4 = 12.

📌 Using the compound interest formula: A = P(1 + r)^n = 500,000 × (1 + 0.03)^12.

📌 A ≈ 500,000 × 1.42576 = 712,880.

📌 The investment will be worth approximately $712,880 after 3 years.

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