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Alborosie
3 years ago
5

Please help I am confused

Mathematics
1 answer:
anzhelika [568]3 years ago
7 0
X=11
So do I think hope this helps!!
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Can someone PLEASE help me with this question?
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Answer:

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Step-by-step explanation:

The future value of the account is given by the formula ...

  A = P(1 +r/12)^(12t) . . . . principal P invested at rate r for t years

Solving for t, we find ...

  A/P = (1 +r/12)^(12t) . . . . . . . . . . . divide by P

  log(A/P) = 12t·log(1 +r/12) . . . . . . take logs

Divide by the coefficient of t, then fill in the numbers.

  t = log(A/P)/(12·log(1 +r/12)) = log(202800/93000)/(12·log(1 +.068/12))

  t ≈ 11.497

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