The formula is
A=p (1+r)^t
A future value 7300
P present value 1500
R interest rate 0.0675
T time?
7300=1500 (1+0.0675)^t
Solve for t
Divide both sides by 1500
7300/1500=1.0675^t
Take the log for both sides
Log (7300/1500)=t×log (1.0675)
Divide both sides by log (1.0675)
T=log(7,300÷1,500)÷log(1.0675)
T=24.2 years round your answer to get 24 years
Hope it helps!
Answer:
C
Step-by-step explanation:
Area = (8 + 14) x 1/2 x 9
Area = 22 x 1/2 x 9
Area = 11 x 9
Area = 99
<em>Hope that helps!</em>
<em>-Sabrina</em>
Answer:
$542
Step-by-step explanation:
we know that
The equation of a exponential decay function is given by

where
y is the value of the lawnmower
x is the time in years
a is the initial value
r is the rate of change
we have

substitute


For x=5 years

Answer:
the maximum hours that they can rent it for is 8
Step-by-step explanation:
36 + 8.8t < 106.4
8.8t < 70.4
t < 8
Answer:
2700
Step-by-step explanation:
the formula is (n - 2) 180