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Answer choices 0.797% 0.00797% 0.833% 0.00833%
LOL its the right answer trust me
you take 0.10 and divide by 12 to get you answer D.
Solve 5^(2x) = 7^(x−1)
that is wrong
i got it wrong
that is wrong too
i think it is B
yeah b my bad
the correct answer is B
You decide to put $100 in a savings account to save for a $3,000 down payment on a new car. If the account has an interest rate of 2% per year and is compounded monthly, how long does it take you to earn $3,000 without depositing any additional funds
is there any answer choices?
answer choices 170.202 14.3129 171.755 168.354
i know c and b is wrong i think it is d
well to check yourself you can use the formula FV = PV*(1+r/n)^(n*t) the variables are FV = future value PV = present value r = interest rate n = compounding frequency t = time in years You will plug in the following FV = 3000 is the amount you want PV = 100 is the amount you have r = 0.02 n = 12 t = unknown. You are solving for this
just plug in the choices for x in 100(1.02)^x
till u get 3000
i think its c
A motorcycle cost $12,000 when it was purchased. The value of a motorcycle decreases by 6% each year. Find the rate of decay each month and select the correct answer below.
i got -0.005% is that an answer choice?
c was wrong a couple of comments ago
then try that :)