With annual compounding, the number of years for 1000 to become 1400 is 6.7 years
With continous compounding, the number of years for 1000 to become 1400 is 1.35 years
<h3>How long would it take $1000 to become $1,400?</h3>
With annual compounding, the formula that would be used is:
(In FV / PV) / r
Where:
- FV = future value
- PV = present value
- r = interest rate
(In 1400 / 1000) / 0.05 = 6.7 years
With continous compounding, the formula that would be used is:
(In 1400 / 1000) / (In e^r)
Where r = interest rate
((In 1400 / 1000) / (In e^0.05) = 1.35 years
To learn more about how to determine the number of years, please check: : brainly.com/question/21841217
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Answer:
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Answer:
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Answer:
Stacy made £25.2 from the 18 loaves of bread. So She made £5.20 as a profit.
Step-by-step explanation:
18 loaves of bread × £1.4 = £25.2 Round it up = £25
£25.20 - £20 = £5.20 Round it up = £5
Stacy Made about £5 as profit.
Say the number of adult tickets is x. That means the number of student tickets is 71 less, making it x - 71.
We can add the number of student and adult tickets, because we know their sum is 479.
x + x - 71 = 479
Now, we solve for x.
2x - 71 = 479
2x = 550
x = 275
So, there were 275 adult tickets sold.
