We have been given that you invest $100,000 in an account earning 8% interest compounded annually. We are asked to find the time it will take the amount to reach $300,000.
We will use compound interest formula to solve our given problem.
, where,
A = Final amount after t years,
P = Principal amount,
r = Annual interest rate in decimal form,
n = Number of times interest is compounded per year,
t = Time in years.






Let us take natural log on both sides of equation.

Using natural log property
, we will get:




Upon rounding to nearest tenth of year, we will get:

Therefore, it will take approximately 14.3 years until the account holds $300,000.
Answer:
the answere is 3.6
Step-by-step explanation: it would be the third one
Answer:
D) Wanda will receive $23.50 for her share, meaning she lost $1.50 on the investment.
Step-by-step explanation:
Identify what you know:
1) Wanda bought a single share in Tasty Ice Cream for $25.00 on March 1st.
2) Tasty Ice Cream's stock price dropped to $23.50 (-1.50).
When investing in the stock market, you are always attempting to make a profit. So, you buy a stock when it's "low," and buy it when the prices go up. In reality, Wanda shouldn't sell her share yet, because she will lose $1.50. However, there is nothing stopping her, if she wanted to. Since the share is worth $23.50, Wanda will make $23.50 if she sells her share on June 13th.
Answer:
Step-by-step explanation:
perimeter P= 2L+2W
360=2(L+W) divide by 2
180=L+W
we know the L=100
180=100+W
W=80