Step-by-step explanation:
change the directions i think
you have to make the -1 -> 0
you have to multiply by -1
and if you multiply the direction will change
Answer:
7 years
Step-by-step explanation:
Given:
Principal P = 9300
Interest rate r = 13% = 0.13
Final amount F = 17,763
Since the problem does not state that it is a compounded interest, we will assume this is a simple interest case.
The formula for simple interest is;
Interest I = Prt .....1
t = period
Final amount F = P + I
I = F-P
Substituting into equation 1;
(F-P) = Prt
t = (F-P)/Pr
Substituting the given values;
t = (17,763 - 9300)/(9300×0.13)
t = 7 years
Period = 7 years
For this case, what you should keep in mind are the following considerations:
1) Rewrite the expressions correctly using the properties of the exponents: Addition, multiplication, division, subtraction and negative exponents.
2) Simplify the expression as much as possible.
Answer:
See attached image.