Step-by-step explanation:
step 1. let's call the amount of money A, the initial amount P, the yearly rate r, the number of compounds per year n.
step 2. A = P(1 + r/n)^(nt)
step 3. A = 1600(1 + .03/12)^((12)(5)
step 4. A = 1600(1.0025)^(60)
step 5. A = $1858.59
Perpendicular equation: y=-1/5x + 6
Answer:
A) x = (-8log(6)-2log(17))/(-2log(17)+log(6))
Step-by-step explanation:
Taking the logarithm of the equation, you have ...
(x+8)log(6) = (2x-2)log(17)
Subtracting the right side from the equation gives ...
x(log(6) -2log(17)) +8log(6)+2log(17) = 0
Subtracting the constant and dividing by the coefficient of x gives ...
x = -(8log(6) +2log(17))/(log(6) -2log(17)) . . . . . matches selection A
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You don't need to work out the whole solution to determine the correct answer choice. Once you take the initial log, you find that the x-coefficient includes a multiplier of 2log(17). This term only appears in the denominator of choice A. (The value of x will be found after dividing by the x-coefficient, so you know this must show up in the denominator of the answer.)
