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I assume you would just solve for x...
im not sure how to do that?
can you zoom into the graph a little more
sure! one second
And how much is the purchase or is it intersection point not sure exactly of the problem
the purchase is 10,000
X is the time so it would take 100 years.
how do you know the answer when you didnt know how much the purchase was??
Well if f(x) is the compound interest graph and g(x) is the simple interest graph based on how much you are saving, I just checked when they would be equal to each other.
@xoxo_devvie is the equation to the 3rd?
Like the intersection point.
It's a cube yeah.
shouldnt it be 365
oh! ok that makes more sense... wellhow long will it take to make the purchase on the simple interest graph??
Well what was the purchase?
10000 = 7.5(1 + 0.01/365)^(365t)
That's it :P .
need to solve for T is it supposed to be 7500 not 7.5?
t = 719.554 years
Damn that's a long time :P .
if it was supposed to be 7.5 thousand it would be 28.7686 years
which seems to make more sense
so which one is it? lol 100 years or 719.554 years?
its either 28.7686 years or 719.554 years
it depends on if that 7.5 out front is supposed to be 7.5 thousand or just 7.5
which it seems like it should be 7.5 thousand so go with 28.7687
can you show me? like draw me how you got the answer so i may follow along? :)
yes are u supposed to use graph or algebraically
thank you so much! that was compound. how about simple interest? how long will it take to make my purchase then?
simple interest adds a set amount of the primary amount which is 1% so 10=7.5+1.01*7.5*t
err 10=7.5+.01*7.5t ***
t is 33.333 repeating
this makes so much more sense now. thank you!
no problem hope it makes more sense