<span>Formula of Comound Interest will help you. Here is the formula :
So : savings you placed
Sf : savings you get after years
r : rate
n : years
Sf = So x (1+r)^n
Here we try to get "n" so that Sf = 2So.
"n" is a math power, if you want to get it, you should use Logarithm and transform the equation :
Sf - So = (1+r)^n
Then, you isolate "n" and by doing that, every other equation's terms will be expressed in Logarythm :
n = (log sf - log so) / (log 1 + r)
Example : you have 10$, you want 20$ with 7.2% interest (Any other amount will match) :
n = (log 20 - log 10) / (log 1.072)
n = 0.301029 / 0.030195
n = 9.9696
You will need 9.9696 years. So (0.9696*365)/1 = 9 years, 11 months and 19 days.</span>
Answer:
$163,000
Explanation:
According to the historical cost principle, the value of the fixed assets should be recorded at purchase price or acquired price or historical cost
Since it is given that the seller counter offer is $163,000 and the same is to be recorded in the company books of accounts.
If there is value assessed, or any increment in the value of the land so it would be ignored. It only records the purchase price of the land
Answer:
recordkeeping or bookkeeping
Explanation:
The answer to this problem would be c :))