The number of years it would take $4000 to grow to $4616 is 2.92 years.
<h3>How many years would it take the investment to have a value of $4616?</h3>
When an amount earns compound interest compounded semi annually, it means that both the amount invested and the interest accrued increases in value twice yearly.
Number of years = (In FV / PV) / r
- r = 9.8/2 = 4.90%
- FV = future value = 4616
- PV = present value = 4000
(In 4616 / 4000) / 0.049 = 2.92 years
This question doesn't make sence to me could you explain
Answer:
Companies must strive to improve their products and services within the framework of healthy competition.
Step-by-step explanation:
The competition is a situation of companies that compete in a requested market or demanding the same product or service. This implies that companies must strive to improve the balance of normal earnings.
creating new products or new solutions of lower cost. In this sense, if companies can innovate, they can obtain economic gains in the short term, and increase their profits.
Answer:
1. 8x + 2y = 16
Step-by-step explanation:
3x - 12y = 10
12y = 3x - 10
y = 1/4 x - 5/6 .... slope: 1/4
perpendicular line slope: -4
8x + 2y= 16
2y = -8x + 16
y = -4x + 8 .... slope: -4
Answer:
We see that the only complete time-distance pair indicates that she walked 6.4 miles in 2 hours. If she walked at a constant speed, we can conclude that girl walked 3.2 miles in 1 hour. Using this speed, we can find the remaining values in the table. The easier entry to complete is finding out how far she walked in 5 hours: 5 hours⋅3.2 miles/hour=16 miles. To find out how long it took to walk 8 hours we can either notice that 8 is half of 16, so it took half the time to walk half the distance or we can divide 8 miles by 3.2 miles per hour to find that it took 2.5 hours
Step-by-step explanation:
