It is called the payback period
Find the value in Australian dollars for each exchange rate.
<span>1st exchange rate: </span>
<span>14000/6.21= $2254.43 </span>
<span>2nd exchange rate: </span>
<span>14000/6.37= $2197.80 </span>
<span>Find the difference between the two: </span>
<span>$2254.43 - $2197.80 = $56.63 </span>
Since the first value is greater than your second one Aggie lost money and your answer is <span>It decreases by $56.63.</span>
Answer:
A
Step-by-step explanation:
Looking at the function, we have;
V(t) = 1,000(1.06)^t
Mathematically, the amount earned on an investment that offers a particular constant percentage return to a particular number of years can be written as;
V = I(1 + r)^t
where V is the value of the investment after some certain number of years
I is the initial amount invested
r is the constant percentage increase
and t is the number of years.
Let’s now re-write what we can deduce in the question.
This is;
V(t) = 1000(1 + 0.06)^t
Thus what this 0.06 represents is r which is the constant interest rate
Answer:60 i guess
Step-by-step explanation:
