An amount of $38,000 is borrowed for 10 years at 7.25% interest, compounded annually. If the loan is paid in full at the end of that period, how much must be paid back? Use the calculator provided and round your answer to the nearest dollar.

$76,516.77

Step-by-step explanation:

Use the compound interest formula. A = P(1 + r/n)^t. Subsitute the values in and solve.

Step-by-step explanation:

Given

Total:

goog may have it for you

logv3(x+2)=1

rewrite in exponential form:

logb(x) = y is equal to b^y =x

b = 3, y = 1

now solve for x:

3^1 = x+2)

x = 3-2

x = 1

see the picture for the graph.