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fenix001 [56]
3 years ago
15

Please help me! And can you explain how you got that answer please?

Mathematics
1 answer:
777dan777 [17]3 years ago
4 0
The answer x = -3 is correct ; not really any mistakes made but they do seem to skip a step from 8^(-1) to 2^(-3) if that is confusing you.

8 = 2^(3) 
so
(8)^(-1) = (2^3)^(-1) = 2^(3*-1) = 2^(-3)
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Your bank account is sitting on $14,000. You started with a principal balance of $12,500. If the interest rate was 4.5% compound
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Answer:

t=2.5\ years  

Step-by-step explanation:

we know that

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A=P(e)^{rt}  

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t is Number of Time Periods  

e is the mathematical constant number

we have  

t=?\ years\\ P=\$12,500\\P=\$14,000\\ r=4.5\%=4.5/100=0.045  

substitute in the formula above   and solve for t

14,000=12,500(e)^{0.045t}  

Simplify

14,000/12,500=(e)^{0.045t}  

1.12=(e)^{0.045t}  

Apply ln both sides

ln(1.12)=ln[(e)^{0.045t}]  

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Remember that

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