All categories

3 years ago

Elaine has invested $575 in a stock that is expected to double every 8 years. What will be the value of the stock in 16 years?

Mathematics

2 answers:

Romashka-Z-Leto [24]3 years ago

5 0

Answer:

The correct option is D.

Step-by-step explanation:

Sloan [31]3 years ago

4 0

The correct option is D.
The initial value of the stock is $575 and it doubles every 8 years, this means that, in the next eight year the value of the stock will be 2 * 575 = $1150.
This amount too will double in the next eight year and the value will become 2* 1150 = $2,300.
Therefore, in 16 years time the share will be worth $2,300.00.

You might be interested in

If red oak lumber weighs 63 pounds per cubic foot, how much does one cord of red oak weigh? (A cord is a measurement for bulk wo

dsp73

Answer: Option C. 8,064 pounds

Solution:

Unit weight: U=63 pounds/foot^3

Total Weight: W=?

W=U*V

Volume: V

Length: l=8 feet

Width: w=4 feet

Height: h=4 feet

V=l*w*h

Replacing the knwon values in the formula above:

V=(8 feet)*(4 feet)*(4 feet)

V=128 feet^3

Replacing in the formula of total Weight:

W=U*V

W=(63 pounds/foot^3)*(128 feet^3)

W=8,064 pounds

8 0

2 years ago

a committee has eleven members. there are 3 members that currently serve as the boards chairman, ranking members, and treasurer.

miss Akunina [59]

Answer:

$\frac{1}{990}$

Step-by-step explanation:

The full question:

"A committee has eleven members. there are 3 members that currently serve as the boards chairman, ranking members, and treasurer. each member is equally likely to serve in any of the positions. Three members are randomly selected and assigned to be the new chairman, ranking member, and treasurer. What is the probability of randomly selecting the three members who currently hold the positions of chairman, ranking member, and treasurer and reassigning them to their current positions?"

The permutation of choosing 3 members from a group of 11 would be:

P(n,r) = $\frac{n!}{(n-r)!}$

Where n would be the total [in this case n is 11] & r would be 3

Which is:

P(11,3) = $\frac{11!}{(11-3)!}=\frac{11!}{8!}=11*10*9=990$

So there are total of 990 possible way and there is ONLY ONE WAY for them to be reassigned. Hence the probability would be:

1/990

8 0

3 years ago

about 30% of the population is left-handed. If two people are random selected what is the probability that both are left handed?

Svetradugi [14.3K]

Answer:

0.91

Step-by-step explanation:

1 - P(both left handed)

1 - 0.3² = 0.91

4 0

3 years ago

What is the distance between points (9, −7) and (9, 4) on a coordinate plane?

Alekssandra [29.7K]

The answer would be 11 because the x's 9 doesnt have to move because they're on the same point. If you take 7 away from -7 you get zero. Add 4 to that 7 and you get 11. Make sesnse?
Hope this helped!

6 0

3 years ago

Jeff company issues a

professor190 [17]

Jeff Company issues a promissory note to David Company to get extended time on an account payable. David records this transaction by debiting

6 0

2 years ago