Hope goes through the steps of sorting a list. The resulting list is shown below. A 2 column table with 6 rows. Column 1 has ent
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Answer:
No. It is not an Exponential Equation.
Step-by-step explanation:
Given
By the Definition of Exponential Equation which states.
"The equation is said to be an exponential equation when it has a variable occurred in the exponent and which have the same base."
For Example:
All given below are said to be exponential equations.
which can be rewritten as
Now in the given equation it doesn't have same base neither any means the base can be made same,hence the given equation is not an exponential equation
Using compound interest and a graphing calculator, it is found that it will take about 15 years for the loan to be paid off.
<h3>What is compound interest?</h3>The amount of money earned, in compound interest, after t years, is given by:
In which:
- A(t) is the amount of money after t years.
- P is the principal(the initial sum of money).
- r is the interest rate(as a decimal value).
- n is the number of times that interest is compounded per year.
For this problem, the parameters are given as follows:
A(0) = 95000, r = 0.06, n = 12.
Hence the value of the loan after t years is:
You have monthly payments of $1,200, hence the amount paid after t years is:
P(t) = 12 x 1,200t = 14400t
Then we have to solve for:
A(t) = P(t)
Which is solved in the graph below, meaning that it will take about 15 years for the loan to be paid off.
More can be learned about compound interest at brainly.com/question/25781328
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