Hudson has a balance of -$12.50 in his bank account. Daniel has a balance of $6.25 in his bank account. Use absolute value to fi
2 answers:
You might be interested in
The solution to given system of equations are
<em><u>Solution:</u></em>
Given that we have to find solution to the system of equations
<em><u>Given equations are:</u></em>
x + 2y = 10 ------ eqn 1
y = 12x + 3 ------ eqn 2
We can solve the above equations by substitution method
<em><u>Substitute eqn 2 in eqn 1</u></em>
x + 2(12x + 3) = 10
x + 24x + 6 = 10
25x = 10 - 6
25x = 4
<em><u>Substitute the above value of x in eqn 2</u></em>
Thus the solution to given system of equations are
Answer:
12%
Step-by-step explanation:
The equation for the growth is ...
f(t) = (initial value)×(growth multiplier per period)^(number of periods)
where the growth multiplier is often expressed as a percentage added to 1:
multiplier = 1+r
growth rate = r
__
This equation has two unknowns:
- initial value
- growth multiplier
In order to find these, you can make use of two of the supplied data points. I like to choose the ones that are farthest apart, as they tend to average out any errors due to rounding.
Clearly, the table tells you the initial value is 210. If you don't believe, you can put the numbers in the equation to see that:
f(0) = (initial value)×(growth multiplier)^0
210 = (initial value)×1
(initial value) = 210
__
Using the last data point, we get ...
f(7) = 210×(growth multiplier)^7
464 = 210×(growth multiplier)^7 . . . . . . . . . fill in table value
2.209524 = (growth multiplier)^7 . . . . . . . divide by 210
You can solve this a couple of ways. My calculator is able to take the 7th root, so I can use it to find ...
Alternatively, you can use the 1/7 power:
2.209524^(1/7) = (growth multiplier)
Another way to solve this is to use logarithms:
log(2.209524) = 7×log(growth multiplier) . . . . . take the log
log(2.209524)/7 = log(growth multiplier) . . . . . divide by 7
0.04918553 ≈ log(growth multiplier)
growth multiplier = 10^0.04918553 ≈ 1.11992 . . . . take the antilog
So, our growth multiplier is ...
1 + r ≈ 1.11992
r ≈ .11992 ≈ 12.0%
The rate of growth is about 12% in each period.
_____
Collapsing all of that to a single calculation:
growth rate = (464/210)^(1/(7-0)) -1 ≈ 12.0%
