With annual compounding, the number of years for 1000 to become 1400 is 6.7 years
With continous compounding, the number of years for 1000 to become 1400 is 1.35 years
<h3>How long would it take $1000 to become $1,400?</h3>
With annual compounding, the formula that would be used is:
(In FV / PV) / r
Where:
- FV = future value
- PV = present value
- r = interest rate
(In 1400 / 1000) / 0.05 = 6.7 years
With continous compounding, the formula that would be used is:
(In 1400 / 1000) / (In e^r)
Where r = interest rate
((In 1400 / 1000) / (In e^0.05) = 1.35 years
To learn more about how to determine the number of years, please check: : brainly.com/question/21841217
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Answer:
1. 74 because 8(10) - 6
2.4(4) - 5(3) = 1
3. 7(3)+8(4) * 2 = 106
4. A
5.a
6. 20.5
7.26
8.a
9.a
10a
Step-by-step explanation:
The missing side length would be 8
Subtract 4 from each side
Divide both sides by 5
Take square root of both sides
Add 3 to both sides
Answer:
4
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