Answer:
The growth rate he needs to achieve his goal is approximatelly 19.8%
Step-by-step explanation:
Since the sum will be compounded continuously we have to use the appropriate formula given below:
M = C*e^(r*t)
Where "M" is the final amount, C is the initial amount, r is the interest rate and t is the time elapsed. Since Sung Lee will invest that sum at 18 years old and he wants to recieve the return at 25, then the time elapsed is given by 25 -18 = 7 years. We can now apply the data to the formula:
16000 = 4000*e^(r*7)
4000*e^(7*r) = 16000
e^(7*r) = 16000/4000 = 4
ln[e^(7*r)] = ln(4)
7*r = ln(4)
r = ln(4)/7 = 0.198
The rate of interest is given by (r)*100%, so we have (0.198)*100% = 19.8%.
Answer:
2 more quarts of oil is needed to fill
the engine to capacity
Step-by-step explanation:
Here, we want to calculate how many more quarts of oil is required to fill the engine to capacity
We have to convert the capacity to quarts
Mathematically, 1 gallon = 4 quarts
So 1 1/4 gallon will be 5/4 * 4 = 5 quarts
So the number of quarts needed to fill the engine to capacity will be 5 quarts - 3 quarts = 2 quarts
renters insurance is a Fixed expenses
Answer:
A Yard is 3 feet. 3:1 ratio
Step-by-step explanation:
5 yards equals 15 feet
Answer:
A
Step-by-step explanation:
upper limitations I'm guessing is maximal capacity so 500 is 10 x 10 x 5. minimum is 0 because you can't have a negative object.
