Answer:
Step-by-step explanation:
What can go into 15 and 10 both equally?
5
5 goes into 15 3 times and 5 goes into 10 twice
5(3x+2y)
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Answer:
x = 60
Step-by-step explanation:
The question is asking
$14,700 * (1 - 8%)^x = $100
$14,700 * (1 - 0.08)^x = $100
$14,700 * (0.92)^x = $100
(0.92)^x = $100/$14,700
log(0.92^x) = log($100/$14,700)
x * log(0.92) = log(0.0068027)
x = log(0.0068027)/log(0.92)
x = 59.85
Since this question is asking in terms of years, we always round up (in this case to 60), as it won't fully be worth $100 by the beginning of the 59th year.
