If you were to correctly simplify this equation, the answer would be a negative.
The answer is: n = -5
Here's how I got my answer:
Step 1: Add 3 to both sides. Which leaves us with 
Step 2: Simplify 
to 45. Which leaves us with 
Step 3: Divide both sides by -9. Which leaves us with 
Step 4: Simplify 
, to get your answer, n = -5.
Answer:
k = 1.2
Step-by-step explanation:
Solving for t when the account value is 30,000, we have ...
30,000 = 25,000e^(0.0198t)
30,000/25,000 = 1.2 = e^(0.0198t)
ln(1.2) = 0.0198t
t = ln(1.2)/0.0198
Matching this with the form ...
t = ln(k)/0.0198
we see that k = 1.2.
_____
k is the multiplier of account value in time period t.
5 hundreds is 500. So 500x10= 5000.
Answer:5000
