1 6 9 7 . 4 - 8 8 7 . 7 5
2 answers:
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Answer:
43.667 years
Step-by-step explanation:
Simple Interest Rate Formula: A = P(1 + r)ⁿ
Step 1: Define variables
A = 10,000
P = 5,000
r = 0.016
n = unknown
Step 2: Substitute variables
10,000 = 5,000(1 + 0.016)ⁿ
Step 3: Solve for <em>n</em> time
2 = (1.016)ⁿ
43.667 years
Here's your graph. The clubs both have a balance of $80 after 6 weeks.
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A graphing calculator is helpful.
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A graphing calculator is helpful.