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1 year ago

Find the value of x.

Mathematics

1 answer:

Slav-nsk [51]1 year ago

5 0

Answer: X = 3.174285

Explanation:

Given: 7x + 21, 47

7x + 21 = 47

7x = 47 - 21

7x = 26

X = 26/7 or 3.174285

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Brockman Corporation's earnings per share were $3.50 last year, and its growth rate during the prior 5 years was 7.0% per year.

fredd [130]

Answer:

The number of years it would take is $n = 2 \ years$

Step-by-step explanation:

From the question we are told that

The earning per share is $P =$ $3.50

The growth rate is r = 7.0%

The duration is $t = 5 \ years$

Generally the future value is mathematically represented as

$A = P(1 + \frac{r}{100} )^n$

Where P is the present value

n is the time period

A is the future value which is mathematically evaluated as

$A = 3 * P$

substituting value

$A = 3 * 3.50$

$A =$ $ 10.5 0

$A = P(1 + \frac{r}{100} )^n$

$10.5 = 3.5(1 + \frac{7}{100} )^n$

$10.5 = 3.225^n$

Taking log of both sides

$log 10.5 = nlog 3.225$

$1.0212 = n(0.5085)$

$n = \frac{1.0212}{(0.5085)}$

$n = 2 \ years$

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2 years ago

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2 years ago

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Step-by-step explanation:

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2 years ago