Answer: ok so the anwser is In 5 more years is N = 21083
Step-by-step explanation: hope this helps
Answer:
N = P ( 1 + r )n
13000 = 6000 ( 1 + r )8
Log 13/6 = 8 Log ( 1+r )
0.336 / 8 = Log ( 1+r )
0.042 = Log ( 1+r )
10(.042) = 1 + r after exponentiating both sides
1.102 1 + r
r = .102
In 5 more years
N = 13000 ( 1 + .102 )5
N = 13000 ( 1.622 )
N = 21083
Explanation:
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