The answer to the question
Which number is less than 130.29?
2 answers:
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To solve this, you need to isolate/get the variable "n" by itself in the equation:
Multiply 21 on both sides to get "n" by itself
Simplify the fraction
-18 = n
Final value = Initial value × (mutiplier)^n
We have;
Initial value = 9300
Multiplier = 100%+3.2% = 103.2% = 1.032
Number of quarters in a year = 4
Substitute all values into the formula, we have
rounded to two dp
We have;
Initial value = 9300
Multiplier = 100%+3.2% = 103.2% = 1.032
Number of quarters in a year = 4
Substitute all values into the formula, we have