Answer:
19.8%
Step-by-step explanation:
We have the following formula for continuous compound interest:
A = P * e ^ (i * t)
Where:
A is the final value
P is the initial investment
i is the interest rate in decimal
t is time.
The time can be calculated as follows:
25 - 18 = 7
That is, the time corresponds to 7 years. In addition, A is 20,000 for A and P would be 5,000, we replace:
20000 = 5000 * e ^ (7 * i)
20000/5000 = e ^ (7 * i)
e ^ (7 * i) = 4
ln e ^ (7 * i) = ln 4
7 * i = ln 4
i = (ln 4) / 7
i = 0.198
Which means that the rounded percentage will be 19.8% per year
Answer
12855.04 ft³
Step-by-step explanation:
regular Octagon consists of 8 congruent triangles
B = (13.28 x 11) / 2 x 8=584.32
V = BH = 584.32 x 22 = 12855.04
Answer:
6 more students
Step-by-step explanation:
hope this helps
Answer:
-x - 3
Step-by-step explanation:
Answer:
$25000
Step-by-step explanation:
If the salvage value is 20% of the cost, then 80% of the cost will be depreciated over 10 years. Over the 5 years from Jan 1 20X1 to Dec 31 20X5, the $10,000 accumulated depreciation represents 5/10 of that 80%, or 40% of the initial cost.
$10,000 = 0.40 × cost
$10,000/0.40 = cost = $25,000
The acquisition cost of the equipment was $25,000.
