The answer is 8.5% interest compounded daily.
EXPLANATION
Regardless of your rate, the more often interest is paid, the more beneficial the effects of compound interest.
A daily interest account, which has 360 compounding periods a year, in this case, will generate more money than an account with an annual compounding, which has one compounding period per year.
Answer:
7.17 km
Step-by-step explanation:
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The solution of the given exponential equation is 0.688.
Given that Mike is working on solving the exponential equation 37ˣ = 12.
An exponential equation is an exponential equation where the power (or) part of the exponent is a variable.
firstly, we have to slve this equation is by converting it to logarithmic form. Any exponential equation can be transformed into an equivalent logarithmic equation as follows:
aˣ = y
logₐy = x
Now, we will apply this transformation to our equation and we get
log₃₇12=x
Further, we will apply the change of base formula so that solution is written in terms of base 10 logs:
x=log12/log37
So, this is an exact answer to given equation, but we can simplify it further by using decimal approximation of it using a calculator. Remember that these logs are base 10:
x≈1.079/1.568
x=0.688
Hence, the solution of the given exponential equation 37ˣ=12 is 0.688.
Learn more about exponential equation from here brainly.com/question/24162621
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Answer:
Option D
Step-by-step explanation:
We are given the following equations -

It would be best to solve this equation in matrix form. Write down the coefficients of each terms, and reduce to " row echelon form " -
First, I swapped the first and third rows.
Leading coefficient of row 2 canceled.
The start value of row 3 was canceled.
Matrix rows 2 and 3 were swapped.
Leading coefficient in row 3 was canceled.

And at this point, I came to the conclusion that this system of equations had no solutions, considering it reduced to this -

The positioning of the zeros indicated that there was no solution!
<u><em>Hope that helps!</em></u>