An insurance company offers a term life insurance policy with a renewable premium. The fi year premium is $900. If the premiums increase 5.5% each year, how much will her premiur be in 7 years? (2 Points) $1,241 $1,308 $1,286 51.416

the answer is $1,309.21 but i would just say $1,308

the solution is x=1

step-by-step explanation:

we are given our   equation as

let's assume

left side function is

right side function is

now, we can draw graph

and then we can get intersection point

the intersection point will be solution

so, the solution is

x=1