Answer:
16.42 years
Step-by-step explanation:
Use the Future value formula; FV = PV (1+r)^t
PV= Initial amount deposited, 500
r= interest rate or discount rate, 2.5%
t = total duration of the investment, ?
FV= future value of account, 750
Plug in the numbers into the formula
750 = 500* (1+0.025)^t
divide both sides by 500
750/500 = 1.025^t
put ln on both sides
ln 1.5 = ln
ln 1.5 = t ln 1.025
0.4054651 = 0.0246926 t
Divide both sides by 0.0246926
0.4054651/0.0246926 = t
t = 16.42
16.42 years
Answer:
d = 7
Step-by-step explanation:
Distance Formula:
Plug in our 2 coordinates:
And you should get 7 as your final answer.
7/4 x 1/2 = 7/8
A half of 1 and 3/4 cups is 7/8 of a cup
Answer:
$15,746.400
Step-by-step explanation:
The computation of the car value in the year 2010 is shown below:
Since the new car brought in the year of 2006 at $24,000
And, it would be depreciation by 10%
So, in the year 2010 the car value would be
= $24,000 × (1 - 0.10)^4
= $24,000 × 0.9^4
= $15,746.400