The future value (A) of a one-time investment of principal amount P at interest rate r compounded n times per year for t years is ...
... A = P(1 +r/n)^(nt)
Putting your given numbers into the formula, we have
... 876.34 = 300(1 +.06/4)^(4t)
Taking logarithms, this becomes the linear equation
... log(876.34) = log(300) + 4t·log(1.015)
Solving for t in the usual way, we get
... log(876.34) -log(300) = 4t·log(1.015) . . . . . . . subtract the constant term on the right
... (log(876.34) -log(300))/(4·log(1.015)) = t ≈ 18.00 . . . . divide by the coefficient of t
It will take <em>18 years</em> for the $300 CD to reach a value of $876.34.
Answer:
x=25
Step-by-step explanation:
because of vertical angles theorem you set them equal to each other
4x+50=150
subtract 50 from both sides
4x=100
devide by 4 on both sides
x=25
Answer:
Step-by-step explanation:
Shane spends $2,000 each week for supplies and labor to run his car detailing business. This means that his total cost of running his car detailing business is $2000
Let x represent the number of cars that he would need. If he charges $30 for each car, the total amount charged for x cars would be 30×x = $30x
Let y represent the number of trucks that he would need. If he charges $45 for each car, the total amount charged for y trucks would be 45×y = $45y
In order to make profit, the inequality would be
30x + 45y greater than 2000
Answer:
B
Step-by-step explanation:
cus thats the formula
