Answer:
50
Step-by-step explanation:
trust me bro
9units sorry for not showing work though but glad I can help
Answer:
The answers are in solutions.
Step-by-step explanation:
- Four businessmen invested a sum of Rs. 250,000 in the ratio of 3:5:7:10 to start a new business.
(i) The amount invested by each businessman is;
<u>1^st businessman invested:</u>
<u />
Rs. 30,000
<u>2^nd businessman invested:</u>
<u />
<u />
= Rs. 50,000
<u>3^rd businessman invested:</u>
<u />
<u />
= Rs. 70,000
<u>4^th businessman invested:</u>
<u />
= Rs. 100,000
- If they gained Rs. 50,000
(ii) The profit each one of them got is;
<u>1^st businessman got:</u>
<u />
<u />
= Rs. 6,000
<u>2^nd businessman got:</u>
<u />
<u />
= Rs. 10,000
<u>3^rd businessman got:</u>
<u />
<u />
= Rs. 14,000
<u>4^th businessman got:</u>
= Rs. 20,000
The amount of money Justin would have in his account than Aaron, to the nearest dollar is $0
What is the future value formula for continuous compounding cash flow?
The future value, which is used to determine the worth of this investment of $740 made now in 18 years is as shown below:
FV=PV*e^(rt)
FV=the worth of the investment in 18 years=unknown
PV=the amount invested today=$740
e=mathematical exponential value=2.7182818
r=rate of interest which compounded continuously=5%
t=time of investment in years=18
FV=$740*2.7182818^(5%*18)
FV=$740*2.7182818^(0.90)
FV=$740*2.459603087981220
FV=$1,820.11
Justin:
FV=PV*(1+r/m)^(n*m)
PV=$740
r=5%
m=number of times in a year that interest is compounded=365
m=number of years=18
FV=$740*(1+5%/365)^(18*365)
FV=$1,819.99
difference=$1,820.11-$1,819.99
difference=$0.12($0 to the nearest dollar)
Find out more about continuous compounding on:brainly.com/question/23136156
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