2 years ago

A growing farming conglomerate increases its water usage at a rate of 10% every year. If it

Mathematics

1 answer:

Elena-2011 [213]2 years ago

8 0

The quantity of water the farming conglomerate would use 17 years from now is 65,708.11.

<h3>What is the amount of water that would be used 17 years from now?</h3>

The formula for calculating the amount of water that would be needed 1 years from now:

FV = P (1 + r)^N

FV = Future value
P = Present value
R = interest rate
N = number of years

13000 x 1.1^17 = 65,708.11

To learn more about future value, please check: brainly.com/question/18760477

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FV= $669.11

Step-by-step explanation:

Giving the following information:

Purchase price (PV)= $800

Decrease value (d)= 1.5% per year

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<u>To calculate the value of the card after 12 years, we need to use the following formula:</u>

FV= PV / (1 + d)^n

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FV= $669.11

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