Answer:
I think it is 59
Step-by-step explanation:
Answer:
The answer is $5450 per month
64=-4+4x
64+4=4x
68=4x
68/4=x
17=x
Answer:
14 3/4 years
Step-by-step explanation:
Let's assume compound inflation. The appropriate formula for that is:
A = P(1 + r)^t.
If we represent current prices by P, then double that would be 2P:
2P = P(1 + 0.048)^t Find t, the time required for prices to double.
Then:
2 = 1.048^t
Taking the natural log of both sides, we get:
ln 2 = t·ln 1.048, so that:
t = (ln 2) / (ln 1.048) = 14.78
At 4.8 inflation, with annual compounding, prices will double in approx. 14 3/4 years.
If you have a graphing calculator one way to know you are right is put the left side in Y1 and the right side in Y2 then hit 2nd trace and intersection then find the intersection and the X value is your answer. If you don't have a graphing calculator then I'm sorry
