2 years ago

Find the value of n. 394 × n = 3.94

Business

1 answer:

xz_007 [3.2K]2 years ago

7 0

The answer to this is n = 10^-2.

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A = P × $(1 + r)^{n}$

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P = principal amount (the initial amount you borrow or deposit)

r = annual rate of interest (as a decimal)

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n = number of years

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put this in above equation

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㏒ P =㏒ $(1 .08)^{n}$

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