The digit 5 does because it is in the same place value.
If the value was initially v, then after a year it is 0.75v, after 2 years it’s 0.75²v, and so on. So after 6 years it’s 0.75⁶v.
So 0.75⁶v=7500, and v=7500/0.75⁶=$42,139.92 approximately. This is close to $42,140.
Answer:
a) $1056.33 b) 23 years
Step-by-step explanation:
a) 10000(1+1.85/100)^3=10565.33 (2d.p.)
b) let x be the no. of years
15000 = 10000(1+1.85/100)^x
1.5 = 1.0185^x
ln both sides
ln 1.5 = x ln 1.0185
x = ln 1.5/ln 1.0185
=22.11
=23 years (rounded up)
1. m<13
2. y>2
3. p>-3
I don't know the answers for the last two
