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Is their suppose to be a picture ?
Answer:
x=11
Step-by-step explanation:
(7x+14)=(9x-8)
7x-9x=-14-8
-2x=-22
-2x/-2=-22/-2
x=11
For a single payment with compound interest, the equation to use is F=P(1+i)^n where F is the value after n periods, P is the present value, and i is the interest rate.
If we want the final value F to double in 5 years, F is then equal to P then n=5. The equation is now:
2P=P(1+i)^5
2=(1+i)^5
i=14.87% per year