With annual compounding, the number of years for 1000 to become 1400 is 6.7 years
With continous compounding, the number of years for 1000 to become 1400 is 1.35 years
<h3>How long would it take $1000 to become $1,400?</h3>
With annual compounding, the formula that would be used is:
(In FV / PV) / r
Where:
- FV = future value
- PV = present value
- r = interest rate
(In 1400 / 1000) / 0.05 = 6.7 years
With continous compounding, the formula that would be used is:
(In 1400 / 1000) / (In e^r)
Where r = interest rate
((In 1400 / 1000) / (In e^0.05) = 1.35 years
To learn more about how to determine the number of years, please check: : brainly.com/question/21841217
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Can you add the picture to the question?
The store clerk gave the customer:
Gas. . . . . . . . . 17.01
$5 ticket . . . . . . 5
$3 ticket . . . . . . 3
2 x $1 ticket . . . 2
Total. . . . . . . $27.01
The customer gave the store clerk:
$5 ticket . . . 5
$2 ticket . . . 2
cash. . . . . 100
Total. . . . $107
The store clerk owes the customer ($107 - $27.01) = $ 79.99 .
Initial value is the value of y where x = 0 (y-intercept).
You are already given that line contains point (0, 5). The y-coordinate is 5 therefore answer is C.
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Answer:
C.
Step-by-step explanation:
-3 7/8 rounds down to -4
4.63 rounds up to 5
-4 x 6 + 5
-24 + 5
-19
her answer (-19.14) also rounds to -19
So yes, it is reasonable and the correct response is C.
