Answer:
The number of years needed is 15.75 years.
Step-by-step explanation:
The investment amount (present value) = $200
Interest rate =4.5%
Double of investment = $400
Now we have to find the time or number of years in which the investment amount will be doubled. So, just use the below formula to find the number of years.
Future value = present value ×(1+interest rate)^n
400 = 200×(1+4.5%)^n
N = 15.75 years
The number of years required to double the amount is 15.75 years.
Answer:
1/9
Step-by-step explanation:
You combine the fractions finding the least common denominator. Once you do that, you get your answer of 1/9.
I hope this information was of any use to you.
Total fees = 1.95% of 336,500 + $100 + 0.3% of 10% of 336,500 = (0.0195 x 336,500) + $100 + (0.003 x 0.1 x 336,500) = 6,561.75 + 100 + 100.95 = $6,762.70
Answer:$2
Step-by-step explanation:
the ferris wheel costs $2
The slope would be:
-5--3/3-1
-2/2
-1
Slope = -1
