A new bank customer with $3,000 wants to open a money market account. The bank is offering a simple interest rate of 1.6%.
a. How much interest will the customer earn in 30 years?
b. What will the account balance be after 30 years?
a. The customer will earn $
in interest.

a negative exponent is translated as follows:

so, we have

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.

answer

you start with $5 and save $10 a week until you have at least $45wer

step-by-step explanation: