The value of x will be equal to 2.477.
<h3>What is a logarithm?</h3>
The logarithm is the inverse function of exponentiation in mathematics. That is, the logarithm of a given number x is the exponent to which another fixed number, the base b, must be raised in order to obtain that number x.
The given expression will be solved as follows;-
Taking Log on both sides.
(x-2) Log5 = Log 8
( x-2) = Log8 / Log 5
(x - 2) = Log 8 - Log 5
(x - 2 ) = Log 3
x-2 = 0.477
x = 2.477
Therefore the value of x will be equal to 2.477.
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Answer:18
Step-by-step explanation: 18=2.3.3
2(6y - 5) - 3y = 2
12y - 10 - 3y = 2
9y - 10 = 2
9y = 12
y = 4/3, or 1 1/3
2x - 3(4/3) = 2
2x - 12/3 = 2
2x - 4 = 2
2x = 6
x = 3
He actually borrowed P=21349-3000=18349 (present value)
Assume the monthly interest is i.
then future value due to loan:
F1=P(1+i)^n=18349(1+i)^(5*12)=18349(1+i)^60
future value from monthly payment of A=352
F2=A((1+i)^n-1)/i=352((1+i)^60-1)/i
Since F1=F2 for the same loan, we have
18349(1+i)^60=352((1+i)^60-1)/i
Simplify notation by defining R=1+i, then
18349(R^60)-352(R^60-1)/(R-1)=0
Simplify further by multiplication by (R-1)
f(R)=18349*R^60*(R-1)-352(R^60-1)=0
Solve for R by trial and error, or by iteration to get R=1.004732
The APR is therefore
12*(1.004732-1)=0.056784, or 5.678% approx.
X-12 will give the other number
