Answer:
The worth of the company in 2000 is $56,000.
Step-by-step explanation:
The growth rate of the company is:
To determine the worth of the company in 2000, first compute the change in the net worth during the period 1990 (<em>t</em> = 0) to 2000 (<em>t</em> = 10) as follows:
The increase in the company's net worth from 1990 to 2000 is $16,000.
If the company's worth was $40,000 in 1990 then the worth of the company in 2000 is:
Worth in 2000 = Worth in 1990 + Net increase in company's worth
Thus, the worth of the company in 2000 is $56,000.
Answer:
Let me know if you can see this SS
Step-by-step explanation:
It has the answers
Answer:
$7.62 per hour
Step-by-step explanation:
Since, Heather gets a raise every 3 months, in 2 years, she will get a raise 8 times (2years = 24 months, 24 divided by 3 is 8).
Now it becomes a compound growth problem. We can use the formula shown below to solve these type of problems.
Where,
- F is the future value (what we want to find)
- P is the present rate ($6.5)
- r is the rate of growth, in decimal (2% growth means 0.02)
- t is the time frame, number of times compounding occurs (for our case we have figured it to be 8)
<u>Now plugging in all the info, we get the value of F:</u>
Thus, after 2 years, Heather's hourly rate will be $7.62
Answer:
section covers somplifying algebraic expressions
Step-by-step explanation:
<h3>
(4
)(2
) = 
= 2/x⇒</h3>
