Solve the exponential equation using the method of relating the bases by first rewriting the equation in the form of e^u=e^v
1 answer:
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Answer:
+1.12 and -1.12
Step-by-step explanation:
Let the two z scores be .
Since the two Z-scores that separate the middle 73.72% on the Standard Normal Curve, this can be represented by the equation:
From the z table of the normal distribution, z₁ = 1.12. That is a z score of 1.12 gives 0.8686.
The two z scores are +1.12 and -1.12 = ± 1.12
Answer:
It will take 55 years for the account value to reach 38200 dollars
Step-by-step explanation:
This is a simple interest problem.
The simple interest formula is given by:
In which E are the earnings, P is the principal(the initial amount of money), I is the interest rate(yearly, as a decimal) and t is the time.
After t years, the total amount of money is:
.
In this problem, we ahve that:
So
First we find how much we have to earn in interest.
.
How much time to earn this interest?
Rounding up
It will take 55 years for the account value to reach 38200 dollars