Answer:
After 50 years the stock value will be $50 per share.
Step-by-step explanation:
Simple Interest Equation (Principal + Interest)
A = P(1 + rt)
Where:
A = Future amont = $50
P = Principal Amount = $40
r = Rate of Interest per year in decimal; r = R/100 = 0.5/100 = 0.005
t = Time Period involved in months or years
Plug in the values
50 = 40(1 + 0.005t)
50 / 40 = (1 + 0.005t)
5/4 = 1 + 0.005t
5/4 - 1 = 0.005t
0.25 = 0.005t
t = 0.25 / 0.005
t = 50 years
Answer:
2
Step-by-step explanation:
the mode is the one that appears the most, most common one
Answer:
8,600 acres are old-growth trees.
Step-by-step explanation:
You can find this by multiplying the percentage by the overall number of acres
20% * 43,000 = 8,600
Answer:
Compount interest earns more. Difference between 2 interest is $92 445.39
Step-by-step explanation:
Simple Interest:

p = $10000
r = 3%
t = 2years
I = (10000×3×2)/100
= $600
Total amount = $10 600
Compound Interest:

p = $100000
r = 3/730 (daily)
t = 730 (2yrs)
A = 100000[1+(3/73000)]^730
= $103 045.39 (2d.p)
Difference = $103045.39 -
$10600
= $92 445.39
(Correct me if i am wrong)