Answer:
- a) P(x) = 32000*1.04^x
- b) $37435
- c) During year 7
Step-by-step explanation:
<u>Given</u>
- Initial pay = $32000
- Increase rate = 4%
a. <u>Formula</u>
b. Year 5 is after 4 years, so we are looking for the value of P(4)
- P(4) = $32000*1.04^4 = $37435
c. <u>P(x) = 40000, x = ?</u>
- 40000 = 32000*1.04^x
- 1.04^x = 40000/32000
- 1.04^x = 1.25
- log 1.04^x = log 1.25
- x = log 1.25 / log 1.04
- x = 5.69, this is 6 years after
The required number of the years is 6 + 1 = 7
Answer:
3,240
Step-by-step explanation:
864=800+60+4 800 in the hundreds place 60 in the tens place and 4 in the ones place
The answer is 1.5 months
explanation:
5/2 = 2.5
15/4 = 3.75
2.5 per month
3.75 per x months
x = (3.75×1)/2.5
x = 3.75/2.5
x = 3/2 = 1.5 months
