The formula is
A=p (1+r)^t
A future value 7300
P present value 1500
R interest rate 0.0675
T time?
7300=1500 (1+0.0675)^t
Solve for t
Divide both sides by 1500
7300/1500=1.0675^t
Take the log for both sides
Log (7300/1500)=t×log (1.0675)
Divide both sides by log (1.0675)
T=log(7,300÷1,500)÷log(1.0675)
T=24.2 years round your answer to get 24 years
Hope it helps!
1. The point where x and y axis meet is the intersect, origin of the coordinate system (0,0)
2. m<A and m<D = 90 then <A and D are complementary angles
3. 180 angle or linear rays
4. Obtuse angle measure more than 90
5. Segment of equal lengths are congruent segments
6. Lines that meet at a 90 angle are perpendicular
Number of game tokens is the label on x-axis.
<u>Step-by-step explanation</u>:
The equation is y = 0.5x + 3
Given,
- Admission charge = $3
- Cost of game token = $0.5 per game.
Total cost = admission charge + cost for number of game token
where,
- y represents the total cost
- x represents the number of game tokens.