Answer: 64 years
Step-by-step explanation:
Let assume the dealer sold the bottle now for $P, then invested that money at 5% interest. The return would be:
R1 = P(1.05)^t,
This means that after t years, the dealer would have the total amount of:
$P×1.05^t.
If the dealer prefer to wait for t years from now to sell the bottle of wine, then he will get the return of:
R2 = $P(1 + 20).
The value of t which will make both returns equal, will be;
R1 = R2.
P×1.05^t = P(1+20)
P will cancel out
1.05^t = 21
Log both sides
Log1.05^t = Log21
tLog1.05 = Log21
t = Log21/Log1.05
t = 64 years
The best time to sell the wine is therefore 64years from now.
Answer:
srry guys i dont know this
Step-by-step explanation:
Answer:
£2.38
Step-by-step explanation:
Write and solve an equation of ratios:
£1.40 2.5 kg
----------- = ------------
c 4.25 kg
Cross multiplying, we get:
(£1.40)(4.25 kg) = (2.5 kg*c), or
(£1.40)(4.25 kg)
c = -------------------------- = £2.38
2.5 kg
Answer:
13_8
Step-by-step explanation:
if the first number in the decimal is 5 or up then you round up if its 4 or less you round down meaning it would be 13 and 8
