A truck is 20cm long on a scale drawing. The scale is 1cm = 50cm (1:50). How long is the truck in real life?
2 answers:
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For this case we have an equation of the form:
Where,
A: initial loan
b: interest rate
x: number of years
Substituting values we have that the function that models the problem is:
By the end of the third year we have:
Answer:
the amount due at the end of 3 years is: