Compounded once a year: A=P(1+r)^t
2500=500(1+0.095)^t
1.095^t=5
because the unknown number is an exponent, use log to find the unknown:
log(1.095^t)=log5
tlog1.095=log5
t=log5/log1.095
use your calculator, t=17.734
so this person is about 28 years old.
Answer:
Step-by-step explanation:
markup is 3.50(0.60) = $2.10
sales price is 3.50 + 2.10 = $5.60
one could also just multiply the wholesale price by 1.60
3.50(1.60) = $ 5.60
Answer:
0.75km/h
Step-by-step explanation:
Answer:
2 1/12
Step-by-step explanation: