This is an exponential decay problem.
Using the equation Y = a *(1-rate)^time
where Y is the future value given as 12,000 and a is the starting value given as 13,000.
The rate is also given as 5%.
The equation becomes:
12,000 = 13,000(1-0.05)^x
12,000 = 13,000(0.95)^x
Divide each side by 13000:
12000/13000 = 0.95^x/13000
12/13 = 0.95^x
Use the natural log function:
x = ln(12/13) / ln(0.95)
x = 1.56 years. ( this will equal 12,000
Round to 2 years it will be less than 12000.
-13 -23 because divide by two then add five and subtract 5
Answer:
7 x p = 70
Step-by-step explanation:
7 vehicles times some number of people in each one equals 70 people in all
Answer:
The total amount without tax is $141.57
Step-by-step explanation:
Since the coupon is 10% off, they would only have to pay 90% of what they would before (this is before tax). To find out the total after the coupon you would find 90% of 157.30. (This is the longer but better explainable/showable way)
157.30 / 100 = 1.573 (this is 1%)
1.573 * 90 = 141.57
Therefore the answer is $141.57
