If Lana deposits $500 into a savings account that gains simple interest at a rate of 2% annually, how many years will it take for the account to gain
$100 in interest?

10 years

Step-by-step explanation:

First, converting R percent to r a decimal

r = R/100 = 2%/100 = 0.02 per year,

then, solving our equation

t = 100 / ( 500 × 0.02 ) = 10

t = 10 years

The time required to

accumulate simple interest of $ 100.00

from a principal of $ 500.00

at an interest rate of 2% per year

is 10 years.

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.