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Mathematics, 26.10.2020 20:40 tennispro154

Meredith invested $5,500 into an account that earned 5% interest per year. When she cashed out the investment to use it as a down payment for a new car, it was worth a total of $7,739.05. Which equation describes Meredith's investment based on t, the number of years she kept the account open? HINT: a=p(1+r)^(t)

Answers

ansver
Answer from: Quest

what are the things "represented below"?

step-by-step explanation:

nobody can if you dont give the choices

ansver
Answer from: Quest

24/56=hx^7

step-by-step explanation:

ansver
Answer from: Quest
Hello!

the answer is:

the correct option:

b. x=2.23

why?

to solve the problem, we need to remember how to operate to simplify exponential expressions using the logarithms.

we are given the equation:

7^{x}=77

then, using placing logarith with base 7 on both sides of the equation, we have:

7^{x}=77log_{7}(7^{x})=log_{7}(77)x=log_{7}(77)x=2.2322

so, rounding the obtained result to two decimal places (nearest hundreth), we have:

x=2.23

hence, we have that the correct option:

b. x=2.23

have a nice day!

ansver
Answer from: Quest

could you provide figure.

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Meredith invested $5,500 into an account that earned 5% interest per year. When she cashed out the i...