Answer:
Option C. 
Step-by-step explanation:
we know that
The compound interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above
-5y + 8 = -3y + 10
We need to get y on one side.
Add 3y to both sides.
-2y + 8 = 10
We need to get 2y by itself.
Subtract 8 from both sides.
-2y = 2
Divide both sides by -2 to solve for y.
y = -1
I hope this helps!
No it is not base e. It is 1.015.
An increase of 1.5 % = 1.015
Year 1, 2, 3,.........................., 30.
30000, 3000(1.015), 30000(1.015)²,........... 30000(1.015)²⁹
Her Total Income is sum over the thirty 30 year period:
Sn = a(r^n - 1) / (r - 1); a = 30000, r = 1.015, n = 30
Sn = 30000 ( 1.015^30 - 1) / (1.015 - 1)
= 30000 (1.56308022 - 1) / (0.015) = 1126160.44
Total = $ 1 126 160.44
In order to answer this question let's suppose,
Joe is x miles from the beginning and y miles from the end. These assumptions are necessary to answer further:
Now,
x=2y
x+y=30
plugging in x=2y in the above equation
2y+y=30
3y=30
y=10
Hence, according to our calculations, Joe has to hike 10 miles further
The answer is c. forgive me if i am wrong
