In an insurance company, the senior manager of life insurance division casually, discusses a new car in the market with the seni
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Answer:
14 years
Explanation:
The future value of an investment is given by the following equation:
If your mother is investing an amount of P=$340,461 at a rate r=0.08 and the desired future value is F=$1,000,000, the required time of investment 'n', in years, is:
It will take her 14 years to become a millionaire.
Answer:
94 V
Explanation:
Here we don't have the figure showing the circuit and how the resistors are connected: therefore, we have to make some assumptions.
Here we will assume that the three resistors are connected in series: this means that they are connected along the same branch, and therefore, the current flowing through them is the same.
As a result, the total voltage drop across some resistors in series is given by the sum of the voltage drops on each resistor.
Therefore, for three resistors in series
Where here we have:
is the voltage drop on the 1st resistor
is the voltage drop on the 2nd resistor
is the voltage drop on the 3rd resistor
Substituting into the equation, we find: