Answer:
7 years.
Explanation:
We know,
Future value = Present Value ×
Given,
Future Value, FV = $10,000
Present Value, PV = $6,651
Interest rate, i = 6% = 0.06
We have to determine how many years to acquire $10,000 in the future.
Now, $10,000 = $6,651 ×
or, $(10,000 ÷ 6,651) =
or, 1.5035 =
or, Log 1.5035 = n log 1.06
Using the calculator to find the value of log.
0.1771 = n × 0.0253
or, n = 0.1771 ÷ 0.0253
or, n = 7 years
7 years will be needed to acquire $10,000 in the future.
Answer: 5 sheets
Explanation:
The question seems incomplete, however, I found the mentioned equation:
We are told is in units of
and
is in units of
, this means the other side of the equation must be in
, as well.
So, if we make a dimensional analysis :
This means each sheet costs , then with a <u>Rule of three</u>, we can find how many sheets Hiro can purchase with
:
If:
1 sheet ----
s sheets ----
Then:
Therefore, (the total credit left is zero) and we can verify
by isolating it from the equation: