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1 year has 12 months so whats 6 divide by 12?

1/2

each month it depreciates by 0.5%

I need one more:)

ok

Compound interest formula\[A=P(1+\frac{ r }{ 100 })^n\]\[3000=175(1+0.3)^n\]

300=227.5^n

no it doesnt work like this

\[17.14285714=1.03^n\]

16.64^n

log 17.14285714 = 1.23408320596
log 5 = 0.69897000433
1.23408320596/0.069897000433

Thats not an answer choice
8.0111 years
96.1332 years
93.2914 years
94.8377 years

plug in all the in answers to the compound interest formula and try out

? What do you mean?

175(1.03)^n
replace n with all the 4 options, see which one works

or you take log!

i did

dayum i forgot something...the interest is compounded monthly!

1.0025^n=3000/175
n log(1.0025)=log(3000/175)
solve for n.

knew something was off

Ok hold on:)

For some reason I got C?? I think I did something wrong

when you find n, it will be in months
divide by 12 to get years

Was I right?

what do you get for log(3000/175) ?

1.23408320603

1.2310056918=n

1138.05283703 i mean

ok, and that is in months
divide by 12 to get years

94.8377...

yes

ok so going back to #1 i think sesal gave me the wrong answer??

I got -0.005143% as an swer and she got -0.5% so I dont even know

Ok! Thanks :) I was just checking!

Solve 3^(2x)=7^(x-1)
I got -7.74293 ??

if we put your answer into the equation it works

Thanks:)