Present value, PV = $500
Future value, FV = 2*PV = 2*500 = $1,000
Rate, r = 4% = 0.04
Compounding times in a year, n = 4 (compounded quarterly)
Time, t = ??
The future value expression is stated as:
FV = PV (1+r/n)^nt
Substituting;
1000 = 500 (1+0.04/4)^4t
2 = (1.01)^4t
ln 2 = 4t ln 1.01
0.6931 = 4t* 0.00995
0.6931 = 0.0398t
t = 17.414 years
Time required for the amount to double is 17.41 years.
Answer:
The same way you tell if a parabola opens up or down, by the leading coefficient of the variable.
Step-by-step explanation:
Since the x-axis is positive to the right, a positive leading coefficient (3) means it opens to the right. eg. And a negative leading coefficient (-2) means it opens to the left.
Answer:
i forgot but i did this earler
Step-by-step explanation:
Answer:
80 units³
Step-by-step explanation:
→ State the formula
Length × Width × Height
→ Substitute in the values
8 × 2 × 5
→ Simplify
80 units³
Answer:
32500 Days
Step-by-step explanation:
× 
= 
We know that there are 24 hours in a day.
⇒24 Hours = 1 Day
therefore hours = 
Days
