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torisob [31]
1 year ago
7

Math help questions ​

Mathematics
2 answers:
azamat1 year ago
6 0

Answer:

25 years

Step-by-step explanation:

total = before × percent ( in decimal ) × time

1400 = 800 × 0.07 × t

1400 = 56 × t

1400 ÷ 56 = 25

t = 25

<em>Hope this was helpful!</em>

Evgen [1.6K]1 year ago
4 0

After 1 year, the initial investment increases by 7%, i.e. multiplied by 1.07. So after 1 year the investment has a value of $800 × 1.07 = $856.

After another year, that amount increases again by 7% to $856 × 1.07 = $915.92.

And so on. After t years, the investment would have a value of \$800 \times 1.07^t.

We want the find the number of years n such that

\$856 \times 1.07^n = \$1400

Solve for n :

856 \times 1.07 ^n = 1400

1.07^n = \dfrac74

\log_{1.07}\left(1.07^n\right) = \log_{1.07}\left(\dfrac74\right)

n \log_{1.07}(1.07) = \log_{1.07} \left(\dfrac74\right)

n = \log_{1.07} \left(\dfrac74\right) = \dfrac{\ln\left(\frac74\right)}{\ln(1.04)} \approx \boxed{8.3}

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