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Help!!! 50 points!!!!
1 answer:
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By long division.Feel free to ask me if you don't know: )
Answer:
The simplest EXACT answer is .
A decimal form of this is approximately 5.207.
Step-by-step explanation:
Use the distance formula.
Total = Principal × ( 1 + Rate ) ^ years
(Solved by taking logarithms)
Years = log (total / principal) / (log (1 + rate))
Years = log (684 / 600) / (log 1.07)
Years = log (1.14) / (log (1.07)
Years = 0.0569048513364726 / 0.0293837776852097
Years = 1.9366077414
