Here's the given:
P=$400
i=7.5%
A=$8500
The formula used for this problem is:
A = P(1+i)^t
Manipulating the equation to arrive at t, we have:
t = ln(A/P) / ln(1+i)
Plugging in values:
t = ln($8500/$400) / ln(1+0.075)
<span>t = 42.26 years</span>
0.551
0.552
0.553
0.554
0.555
0.556
0.557
0.558
0.559
Answer:
3
Step-by-step explanation:
Exponential equation:
An exponential equation has the following format:

In which a is the value of y when x = 0.
In this question:
When
. Thus, we have that a = 3.
Answer:
D 19,905
Step-by-step explanation:
19,905.22×25%=4976.31
19905.22-4976.31=14,928.91
14928.91×8%=1194.31
14928.91-1194.31=13734.6