Solve the Equation $14.84 \times 1.08 ^ { t } = 52.89 \times 1.02 ^ { t }$

question 58

Multiple Choice

Solve the equation $14.84 \times 1.08 ^ { t } = 52.89 \times 1.02 ^ { t }$

• A) \(t = 21.77\)
• B) \(t = 634.17\)
• C) \(t = 22.23\)
• D) \(t = 22.97\)

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Definitions:

Return On Investment

A performance measure used to evaluate the efficiency or profitability of an investment relative to its cost.

Average Operating Assets

The average value of the assets used in day-to-day operations over a certain period, important for determining return on investment and operational efficiency.

Operating Expenses

Costs related to the normal operations of a business, excluding costs of goods sold, such as sales and marketing expenses.

Average Operating Assets

The average value of assets used in the production or operations of a company over a specific period, often used in performance metrics like return on investment.