Is there a picture with it?
Alright, so you have the basic formula- good.
You have the A value (400), the interest rate r (7.5% -> .075 in decimal), and the final P value (8500). So, we only need to solve for t.
8500 = (400)(1+.075)^t
/400 /400
21.25 = 1.075^t
logarithms are the inverse of exponents, basically, if you have an example like
y = b^x, then a logarithm inverts it, logy(baseb)=x
Makes sense if you consider a power of ten.
1000 = 10^3
if you put logbase10(1000), you'll get 3.
Anyways, though, to solve the problem make a log with a base of 1.075 in your calculator
log21.25(base 1.075) = t
also, because of rules of change of base (might want to look this up to clarify), you can write this as log(21.25)/log(1.075) = t
Thus, t is 42.26118551.
Rounded to hundredths, t=42.26
Answer:
The answer is $10.32aprox
Step-by-step explanation:
I hope it will help u
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Answer:
A
Step-by-step explanation:
