If you replace 2 with x you will get 1 = 1
This means the anwser is :
x = 2
Answer:
$3007.26
Step-by-step explanation:
Step one:
given data
Principal= $2000
rate= 6%= 0.06
time= 7years
Required:
The final amount A
Step two:
the expression for the compound interest is

substituting we have

The answer is 59049 hope this helps
Its either 3 or 2
the third way matches only if there's another reference line
I'll go with 3
I=P(1+(r/n))^nt
I is the value owed
r is the rate in a decimal
n is the times compounded (annually =1, quarterly =4, monthly =12 etc.)
t is time invested
I=8000(1+(.109/1))^5x1
I=8000(1.109)^5
I=8000(<span>1.67748)
$13419.84</span>