1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mars2501 [29]
3 years ago
6

You deposit $3000 into an account which earns 5.1% interest per year, compounded annually. your friend simultaneously deposits $

2000 into an account which earns a yearly interest rate of 7.5% compounded continuously. after how many years will both accounts have the same amount of money?
Business
1 answer:
valina [46]3 years ago
6 0
3000 (1+0.051)^(t)=2000 e^(0.075t)
Solve for t using Google calculator
To get
T=16.05 years

You might be interested in
Jeff Mommer is starting an environmentally friendly lawn and garden service. One thing thatJeff has worked hard on is determinin
VikaD [51]

Answer:

A) core strategy.

Explanation:

Core strategy is the way a firm competes in relation to other competitors. In determining how business will compete favourably in the market or formulates a vision, mission, and way it differentiates it's products defines the way a company provides unique product that will stand out from those of competitors.

Jeff Mommer determining how his company will compete favourably in the market is the part of business model called core strategy.

3 0
4 years ago
Read 2 more answers
g Marginal revenue product (MRP) of labor refers to the: A. amount by which a firm's total resource cost increases when it emplo
UNO [17]

Answer:

c

Explanation:

Marginal revenue product (MRP) is the change in total revenue when one more unit of a resource is employed.

For example :

Units of labour    Revenue

1                             100

2                             200

The MRP of employing 2 units of labour = (200 - 100) / (2 -1) = 100                          

7 0
3 years ago
Compounding refers to the growth process that turns $1 today into a greater value several periods in the future.
Marizza181 [45]
The above statement is TRUE. Compounding is the process by which the worth of an investment increases because the earnings on an investment, which is made up of the capital gains and interest earn interests as time passes. 
5 0
4 years ago
What is one benefit that you or someone you know receives as a result of government
bonufazy [111]

Answer:

They are a more reliable means of help in anything.

5 0
3 years ago
Read 2 more answers
A company normally sells its product for $20 per unit. However, the selling price has fallen to $15 per unit. This company's cur
Paha777 [63]

Answer:$2

Explanation:

A company normally is expected to value it's inventory at the lower of cost or net realisable value. The cost price is the price on purchase of the inventory while the net realisable value is selling price less cost of sales and cost to completion.

The amount of the lower cost of market adjustment the company must make, is the difference between the new selling price of $15 and net realisable value of $13 which is $2.

6 0
3 years ago
Read 2 more answers
Other questions:
  • What are possible ways for multinational corporations to reduce the odds of negative settlements (involving higher taxes and pen
    15·1 answer
  • The chance of winning a lottery game is 1 in approximately 27 million. Suppose you buy a​ $1 lottery ticket in anticipation of w
    11·1 answer
  • 6 five dollar bills, 5 two dollar bills, 12 one dollar bills, 9 half dollars, 6 quarters, 42 dimes, 10 nickels, 15 pennies, and
    11·2 answers
  • During the fiscal year ended 2014, a company had revenues of $400,000, cost of goods sold of $280,000, and an income tax rate of
    13·1 answer
  • Why would an organization decide to use focal-point reviews instead of the less burdensome anniversary model for performance app
    13·1 answer
  • Im thinking of a number between 1-100 who ever gets closer gets brainiest
    10·1 answer
  • Cyclone Co. uses the periodic inventory system. The followinginformation about their inventory of Model XX Mountain Bicycles isa
    14·1 answer
  • Virginia Enterprises makes all purchases on account, subject to the following payment pattern: Paid in the month of purchase: 30
    12·1 answer
  • At December 31, Gill Co. reported accounts receivable of $263,000 and an allowance for uncollectible accounts of $1,000 (credit)
    9·1 answer
  • Although the business plan has a great amount of detail and requires thoroughness, a well-explained business idea will come to l
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!