Answer:
x = 2
Step-by-step explanation:
(16 = 
and 8 = 
)
Since the base number is 2, the exponents must equal each other.
So:
12x = 3x+18
9x = 18
x = 2
The amount of money he will be able to withdraw after 10 years after his last deposit is $926,400.
<h3>Compound interest</h3>
- Principal, P = $2,000 × 12 × 4
= $96,000
- Time, t = 10 years
- Interest rate, r = 24% = 0.24
- Number of periods, n = 2
A = P(1 + r/n)^nt
= $96,000( 1 + 0.24/2)^(2×10)
= 96,000 (1 + 0.12)^20
= 96,000(1.12)^20
= 96,000(9.65)
= $926,400
Therefore, the amount of money he will be able to withdraw after 10 years after his last deposit is $926,400
Learn more about compound interest:
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2nd attempt carries a price of 6% extra, so (6/100) * 548 is 32.88, so 548 + 32.88, the price is 580.88.
for the 3rd attempt 6% extra of that, (6/100) * 580.88, is 34.8528, so the price is 615.7328.
4th attempt is 6% extra of that, (6/100) * 615.7328, 36.943968, adding that will give us 652.676768.
I’m pretty sure the answer is C. I’m not entirely sure.
