The correct answer to this question is B
Use the given values in the compound interest formula to solve for time, n.
A is the final amount of money, $2800
P is the initial or starting amount $1900
i is the interest rate as a decimal 0.025
n is time in years since it annual.
2800 = 1900(1 + 0.025)^n
2800 = 1900(1.025)^n
2800/1900 = (1.025)^n
28/19 = (1.025)^n
take the natural log of both sides to solve for exponent.
ln(28/19) = ln(1.025^n)
power rule of logarithmic moves exponent
ln(28/19) = n*ln(1.025)
ln(28/19) / ln(1.025) = n
put into a calculator
15.7 years = n
Answer:
x=-1
Step-by-step explanation:
Answer: A) x=6
Step-by-step explanation: my trick that i do with these questions are to just fill in the x's with the different choices that they give you.
so... first try out 6. fill in every x with a 6. so now, x isn't x anymore, it's 6.
(8-6)=2
9 times 2= 18
3 times 6= 18
this means that x would equal 6
if that first one doesn't work, try out the other ones. but this one works, so we know we have the right answer. i hope this helps with this problem, and i hope it helps with other problems like this too.
:)
