The value of t that makes the factor e^(.032t) have the value of 2 can be found using logarithms.
2 = e^(0.032t)
ln(2) = ln(e^(0.032t)) = 0.032t
t = ln(2)/0.032 ≈ 21.66
It would take 21.66 years for the cost to double.
Answer:
There are no solutions.
Step-by-step explanation:
Step 1: Simplify both sides of the equation.
2(9x−6)=6(3x−2)+2
(2)(9x)+(2)(−6)=(6)(3x)+(6)(−2)+2(Distribute)
18x+−12=18x+−12+2
18x−12=(18x)+(−12+2)(Combine Like Terms)
18x−12=18x+−10
18x−12=18x−10
Step 2: Subtract 18x from both sides.
18x−12−18x=18x−10−18x
−12=−10
Step 3: Add 12 to both sides.
−12+12=−10+12
0=2
I think it is 3333% #I guessed
Answer:
(-8.5,9)
Step-by-step explanation:
((-8+(-9))/2=-8.5
(7+11)/2=9
(-8.5,9)
<span>This question is an annuity problem with cost of the car = $32,998, the present value of the annuity (PV) is given by the difference between the cost of the car and the down payment = $32,998 - $4,200 = $28,798. The monthly payments (P) = $525 and the number of number of years (n) = 5 years and the number of payments in a year (t) is 12 payments (i.e. monthly) The formula for the present value of an annuity is given by PV = (1 - (1 + r/t)^-nt) / (r/t) 28798 = 525(1 - (1 + r/12)^-(5 x 12)) / (r/12) 28798r / 12 = 525(1 - (1 + r/12)^-60) 28798r / (12 x 525) = 1 - (1 + r/12)^-60 2057r / 450 = 1 - (1 + r/12)^-60 Substituting option A (r = 37% = 0.37) 2057r / 450 = 2057(0.37) / 450 = 761.09 / 450 = 1.691 1 - (1 + r/12)^60 = 1 - (1 + 0.37/12)^-60 = 1 - 0.1617 = 0.8383 Therefore, r is not 37% Substituting option D (r = 3.7% = 0.037) 2057r / 450 = 2057(0.037) / 450 = 76.109 / 450 = 0.1691 1 - (1 + r/12)^60 = 1 - (1 + 0.037/12)^-60 = 1 - 0.8313 = 0.1687 Therefore, r is approximately 3.7%</span>
