Answer:
E. 7
Step-by-step explanation:
General form of exponential equation: [tex]y=ab^x[/tex]
where [tex]a[/tex] is the initial value, [tex]b[/tex] is the growth/decay rate, and [tex]x[/tex] is time.
Given:
⇒ [tex]y=100 \cdot 1.25^x[/tex]
If y = 500, then:
[tex]\implies 500=100 \cdot 1.25^x[/tex]
[tex]\implies 5=1.25^x[/tex]
[tex]\implies \ln5=\ln1.25^x[/tex]
[tex]\implies \ln5=x\ln1.25^[/tex]
[tex]\implies x=\dfrac{\ln5}{\ln1.25}[/tex]
[tex]\implies x=7.212567439...[/tex]
[tex]\implies x \approx7[/tex]