8.64 - 3.15 = $5.49 if this is what you are asking
It would be: k+3 = 10
subtracting 3 from both sides,
k+3-3 = 10-3
k=7
This is substitution, it's very simple once you get the hang of it!
okay, what you want to do is plug in the numbers you already have, to get the number you don't have(r).
First, you plug in the numbers.
1. P= $2000
A=$2543
t= 4(years)
r=?
2543=2000^r(4)
Secondly, you want to solve the equation.
A]
Exponential function is given by the form:
y=a(b)ˣ
where:
a=initial value
b=growth factor
From the question:
a=$8000, b=1.015,
thus the exponential growth function of this situation is:
y=8000(1.015)ˣ
b] The value of the collection after 7 years will be:
x=7 years
Using the formula:
y=8000(1.015)ˣ
plugging the values we get:
y=8000(1.015)⁷
y=8,878.76
Answer: $8,878.76
