Sunday

March 1, 2015

March 1, 2015

Posted by **Lacey** on Sunday, November 2, 2008 at 8:25pm.

I really don't understand this problem. I've been going at it for hours and all I've come to is that the equation should be P=8400(1+x)^15 x being the annual percentage, so then, I substitute 12500 for P. but I don't know where to go from there. Please, I really need help on this.

- Math - I really need help, please. -
**bobpursley**, Sunday, November 2, 2008 at 8:37pm12500=8400(1+x)^15

divide both sides by 8400

1.488=(1+x)^15

take the fifteenth root of each side

1.488^(1/15)=1+x

1.027=1+x

- Math - I really need help, please. -
**Lacey**, Sunday, November 2, 2008 at 8:48pmoh, thank you so much!

- Math - I really need help, please. -

**Answer this Question**

**Related Questions**

algebra - A town has a population of 8400 in 1990. Fifteen years later, its ...

Math 11u - A town has a population of 8400 in 1990. Fifteen years later, it's ...

Math 11u - A town has a population of 8400 in 1990. Fifteen years later, it's ...

math - Hi, Can you please help me. Thank-you. The present population of a town ...

c++ - Write a C++ program that reads the population of town A and its growth ...

math - The population of a small town is modelled by the function p(t)= 20(4t+3...

MATH - 4. The population of a small town is modelled by the function p(t)= 20(4t...

MATH - 4. The population of a small town is modelled by the function p(t)= 20(4t...

Advance Functions - The population of a small town is modeled by the function p(...

POPULATION - If a population consists of 10,000 individuals at time t=0 years (...