Answer:
The intersection is
.
The Problem:
What is the intersection point of
and
?
Step-by-step explanation:
To find the intersection of
and
, we will need to find when they have a common point; when their
and
are the same.
Let's start with setting the
's equal to find those
's for which the
's are the same.

By power rule:

Since
implies
:

Squaring both sides to get rid of the fraction exponent:

This is a quadratic equation.
Subtract
on both sides:


Comparing this to
we see the following:



Let's plug them into the quadratic formula:




So we have the solutions to the quadratic equation are:
or
.
The second solution definitely gives at least one of the logarithm equation problems.
Example:
has problems when
and so the second solution is a problem.
So the
where the equations intersect is at
.
Let's find the
-coordinate.
You may use either equation.
I choose
.

The intersection is
.
Answer:
33.33% increase. 55.56% increase.
Step-by-step explanation:
Assuming that the 4.8% interest rate is an annual interest rate, then, after one year, with a principal of $3,000 we would be able to win 4.8% of $3000:

Divide 144 over 12 to find the monthly earnings:

Therefore, with a principal of $3,000 we would be earning $12 interest in 1 month.
For the earnings on the first month to be equal to $10, then you would have to win $120 annually, and $120 must be 4.8% of the principal. To find which quantity satisfies that 4.8% of it is equal to $120, divide 120 over 4.8%:

Therefore, the principal must be equal to $2500 for you to win $10 on the first month, and it would indeed be correct to say that if you open an account with $3000 you will earn at least $10 interest in 1 month.
The range of communication is about 55 meters.