how much would $100 invested at 8% interest compounded annually be worth after 15 years? Round your answer to the nearest cent.
2 answers:
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Answer:
equation for perpendicular bisector passing through CB is;
y=⁴/³– 5/30
Option A : is the solution of the equation.
Explanation:
The equation is
To determine the value of x, let us simplify the equation.
Subtracting 5 from both sides of the equation, we have,
Simplifying, we get,
Now , dividing both sides of the equation by 8, we get,
Using the logarithmic definition that if then
Thus, rewriting the above expression using the logarithmic definition, we have,
⇒
Substituting the value of , we get,
Rounding off the answer to two decimal places, we get,
Hence, the solution of the equation is
Therefore, Option A is the correct answer.