Answer:
- a) P(x) = 32000*1.04^x
- b) $37435
- c) During year 7
Step-by-step explanation:
<u>Given</u>
- Initial pay = $32000
- Increase rate = 4%
a. <u>Formula</u>
b. Year 5 is after 4 years, so we are looking for the value of P(4)
- P(4) = $32000*1.04^4 = $37435
c. <u>P(x) = 40000, x = ?</u>
- 40000 = 32000*1.04^x
- 1.04^x = 40000/32000
- 1.04^x = 1.25
- log 1.04^x = log 1.25
- x = log 1.25 / log 1.04
- x = 5.69, this is 6 years after
The required number of the years is 6 + 1 = 7
<span><span>8m</span><span>(<span>m+6</span>)</span></span><span>=<span><span>(<span>8m</span>)</span><span>(<span>m+6</span>)</span></span></span><span>=<span><span><span>(<span>8m</span>)</span><span>(m)</span></span>+<span><span>(<span>8m</span>)</span><span>(6)</span></span></span></span><span>=<span><span>8<span>m^2</span></span>+<span>48m or </span></span></span><span><span>8m</span><span>(<span>m+6</span><span>)
Cheers,Irys</span></span></span>
Answer:
There is no m for me to find!
Step-by-step explanation:
Here is the answer for this question .