What is the missing base for 1/9=(__) to the second power
1 answer:
You might be interested in
Jane must therefore deposit her savings in the four rivers bank.
<h3>What is compound interest?</h3>Interest that is added to a loan and deposit sum is known as compound interest. In our everyday lives, it is the notion that is employed the most frequently. Compound interest is calculated as a sum using the interest and principal accrued over time. Compound interest versus simple interest differ primarily in this way.
As per the data provided in the question,
Rate, r = 12%
After five years, the total amount, if Jane had saved at Mystic Bank,if Jane had saved at Mystic Bank would be:
For compounded quarterly,
n = 5 × 4
n = 20
A = 40000(1 + 12/(4 × 100))²⁰
A = 72244.44 (i)
If Jane placed her savings with the Four Rivers, then,
A = 40000(1 + 14/(2 × 100))¹⁰
A = 40000 × 1.9671
A = 78686.054 (ii)
Therefore, it is evident that case (ii) is higher than case (i). Jane must therefore deposit her savings in the four rivers bank.
To know more about Compound Interest:
#SPJ1
If you're using log:
Swap both sides: 1100 · 1.7^n = 7000
Divide both sides by 1100: 1.7^n = 70/11
Concert decimal to a fraction: (17/10)^n = 70/10
Take the log of both sides. (Put 17/10 into the subscript of log like the picture shows)
The answer is the decimal.
Swap both sides: 1100 · 1.7^n = 7000
Divide both sides by 1100: 1.7^n = 70/11
Concert decimal to a fraction: (17/10)^n = 70/10
Take the log of both sides. (Put 17/10 into the subscript of log like the picture shows)
The answer is the decimal.