The answer is 588 because if you multiply 6.75 percent of 4800 by 13, and then subtract it from 4800, you get 588.
It simply is 1/8 because essentially for this one you are dividing by what goes in evenly
200,000 = 158,000(1.06)^x
Divide both sides by 158,000
1.2658 = 1.06^x
Take the log of both sides and use the power rule to bring down the exponent (x) to the front.
log 1.2658 = x log 1.06
Divide both sides by log 1.06
log (1.2658)/log(1.06) = x
x = 4 years
CHECK
y = 158,000(1.06)^4
y = 199,471.36
Answer:
divide 3.18 by 12 0.265 per slice
