Given:
P = $500
r = 3.75% = 0.0375
t = 4 months
Asked: I
Solution:
I = Prt
I = ($500)(0.0375)(4)
I = $75
The answer is 3/4 and it was already simplified
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
Answer:
or 
Step-by-step explanation:
we have

step 1
Group terms that contain the same variable

step 2
Combine like terms

step 3
Eliminate parenthesis

step 4
Factor the number 
