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!
False because -5/11 should be add on both sides
The answer is
56/0.04=1400
Solve for y for both equations then equate and solve:
5x + 9y = 160
9y = 160 - 5x
y = 160/9 - 5/9x
9x + 8y = 202
8y = 202 - 9x
y = 202/8 - 9/8x
160/9 - 5/9x = 202/8 - 9/8x (common denominator is 72)
1280/72 - 40/72x = 1818/72 - 81/72x
1818/72 - 1280/72 = 81/72x - 40/72x
538/72 = 41/72x
538 = 41x
538/41 = x
x = 13 5/41
