Answer:
About 31 years
Step-by-step explanation:
Given data
Principal= $3500
Rate= 4.75%
Final amount= $15,000
Time=??
The expression for time on compound interest is
Calculate time, solve for t
t = ln(A/P) / r
substitute
Calculate time, solve for t
t = ln(15000/3500) / 0.0475
t= ln(4.2857)/ 0.0475
t= 1.4552/0.0475
t= 30.63 years
Hence it will take about 31 years
Answer:
Distributive Property
Step-by-step explanation:
We have
5(3x - 6/7)
Distributive Property would work because 5 has to be mutliplied by 3x and -6/7 to rid the parenthesis and also give a final answer for the equation. Any others will lead to a wrong answer.
Answer:
Step-by-step explanation:
a=11/12
Answer: 50 - a = 49
Step-by-step explanation:
50 x a =50
50 x 1 = 50
a=1
50 - a = 50 - 1
50 - 1 = 49
Year 1: 1,300 * 55% = 715 depreciation
1,300 - 715 = 585 book value
Year 2: 585 * 55% = 321.75 depreciation
585 - 321.75 = 263.25 book value
Year 3: 263.25 * 55% = 144.79 depreciation
263.25 - 144.79 = 118.46 book value
If the bike was bought 2 years ago, then its current value is $263.25.
Currently, it is the beginning of Year 3 but depreciation is computed at the end of the year.
