An account earned interest of 3% per year. the beginning balance was $150. the equation t=log1.03 (e/150) represents the situation, where t is the time in years and e is the ending balance. if the account was open for 8 years, what was the ending balance?

the ending balance is $190.

Step-by-step explanation:

Step 1:

The given information is:

Interest rate = 3% per year

Beginning balance = 150 $

Equation:

t = log₁.₀₃ (E / 150)

Step 2:

Solve for E:

8 = log₁.₀₃ (E / 150)

E / 150 = (1.03)⁸

E = (1.03)⁸ (150)

E = 190 $

Therefore, the ending balance is $190.

not enough information

step-by-step explanation:

we cannot know this, because the other students could have handed out 10 flyers, or they could have handed out 100. one way, the mean would go up, and another way, the mean would go down.