The formula is
A=p (1+r)^t
A future value 7300
P present value 1500
R interest rate 0.0675
T time?
7300=1500 (1+0.0675)^t
Solve for t
Divide both sides by 1500
7300/1500=1.0675^t
Take the log for both sides
Log (7300/1500)=t×log (1.0675)
Divide both sides by log (1.0675)
T=log(7,300÷1,500)÷log(1.0675)
T=24.2 years round your answer to get 24 years
Hope it helps!
I’d think it’s equated to the one, why I think that? Idek.
The first 3 , after 2 and 6
You would first apply the Distributive Property to get rid of the parentheses:
216 = -32n + 24
You would then subtract 24 from both sides:
192 = -32n
Then you would divide each side of the equation by -32:
-6 = n
Hope this helps.
