2.95x5=14.75 7% of 14.75=1.0325 14.75+1.0325=15.7825 or just $15.78
Answer:
If 10 is the average then 10 each side would be 20
so that 15 fits into 20 at 3/4
1- 3/4 = 1/4
So the answer is 1/4
Step-by-step explanation:
For this case, the first thing we should do is use the following equation:
f (x) = 200 (1.03) ^ x
We substitute f (x) = 300:
300 = 200 (1.03) ^ x
We clear the value of x:
log1.03 (300/200) = log1.03 ((1.03) ^ x)
x = log1.03 (300/200)
x = 13.72
Answer:
the population will first reach 300 in about 13.72 years.
