Table C since it is decreasing at a constant rate of 5.
55 - 5 = 50
50 - 5 = 45
45 - 5 = 40
C and D are your correct answers.
I hope this helps
Answer: 64 years
Step-by-step explanation:
Let assume the dealer sold the bottle now for $P, then invested that money at 5% interest. The return would be:
R1 = P(1.05)^t,
This means that after t years, the dealer would have the total amount of:
$P×1.05^t.
If the dealer prefer to wait for t years from now to sell the bottle of wine, then he will get the return of:
R2 = $P(1 + 20).
The value of t which will make both returns equal, will be;
R1 = R2.
P×1.05^t = P(1+20)
P will cancel out
1.05^t = 21
Log both sides
Log1.05^t = Log21
tLog1.05 = Log21
t = Log21/Log1.05
t = 64 years
The best time to sell the wine is therefore 64years from now.
Answer: I Got No solution for this problem
Step-by-step explanation:
Graph each side of the equation. The solution is the x-value of the point of intersection.
No solution
