$10,000 at 7% continuous compounding for 8 years

Answer: A
Answer:
a) 
b) It takes 5.390 years to pay off the loan.
Step-by-step explanation:
(a) The differential equation for the variation in the amount of the loan M is

We can express this equation as:

(b) We can calculate this as M(t)=0

It takes 5.390 years to pay off the loan.
Answer:
x = 2
Step-by-step explanation:
To solve the equation, you need to set both functions equal to each other and simplify to find the value of "x".
f(x) = 2x + 1
g(x) = -x + 7
f(x) = g(x) <----- Given equation
2x + 1 = -x + 7 <----- Insert functions
3x + 1 = 7 <----- Add "x" to both sides
3x = 6 <----- Subtract 1 from both sides
x = 2 <----- Divide both sides by 3