The future value (A) of a one-time investment of principal amount P at interest rate r compounded n times per year for t years is ...
... A = P(1 +r/n)^(nt)
Putting your given numbers into the formula, we have
... 876.34 = 300(1 +.06/4)^(4t)
Taking logarithms, this becomes the linear equation
... log(876.34) = log(300) + 4t·log(1.015)
Solving for t in the usual way, we get
... log(876.34) -log(300) = 4t·log(1.015) . . . . . . . subtract the constant term on the right
... (log(876.34) -log(300))/(4·log(1.015)) = t ≈ 18.00 . . . . divide by the coefficient of t
It will take <em>18 years</em> for the $300 CD to reach a value of $876.34.
Answer:
$5
Step-by-step explanation:
Given data
We are given that
Large lemonade= $6
Small lemonade= $4
Total amount = 6+4= $10
He keeps 50% of the total
= 50/100*10
=0.5*10
= $5
Hence he will keep $5
Answer:
1/2.
Step-by-step explanation:
The slope = rise/run
= (-13 - (-10)) / (3 - 9)
= -3 / - 6
= 1/2.
Answer:
x = 12
Step-by-step explanation:
Angle GHK is half of 120, so is 60. Then ...
3x +24 = 60
3x = 36 . . . . . subtract 24
x = 12 . . . . . . . divide by 3
x+(x+8)+(x+100)=750
3x+108=750
3x=642
x=214
So your numbers are 214, 222 and 314
