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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.
Answer:
the classmate is incorrect
Step-by-step explanation:
when you do the math for both inequalities they are equal to each other, despite the fact that one has multiplication and the other has addition.
It would cost $7387.20 for the entire rectangular floor. Hope this answers your question. :)
Liz attempted to factor 36. Since 36 = 3*12 and not 3+12, this is not the way to go. In stead of factoring 36, she should have split it into a friendly sum, like 36=30+6.
Then Step 1 should have been 27(6+30).