1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
tamaranim1 [39]
3 years ago
11

interest rate is 7% and doubling time is 10.2 years. you have invested $5,000.00. in how many years will your money $40.000.00?

choose the best answer from the options below: a 40.8 years b 35.6 years c 30.2 years d 30.6 years
Business
1 answer:
LenKa [72]3 years ago
6 0
A = P (1 + I)^n
40000 = 5000 (1 + 0.07)^n
(1.07)^n = 40000/5000 = 8
ln(1.07)^n = ln8
nln1.07 = ln8
n = ln8/ln1.07 = 30.7...
The best answer is closest to (d) 30.6 years.
You might be interested in
John Q. Public spends all of his income on gas and burgers. Draw his budget constraint for these products when the following are
love history [14]
The awnsers is E add =+
6 0
3 years ago
What is the craziest drink you've gotten at starbucks or dunkin? Tell me the size, how many pumps of syrups (if you get any) and
Nataliya [291]

Peppermint Frappé ( Seasonal ) with 17 pumps of peppermint !!!

6 0
3 years ago
On September 10, Harrin, Inc., a new car dealer, placed a newspaper advertisement stating that Harrin would sell 10 cars at its
Alina [70]
Advertisement was not an offer. why does it have to be on September 10th though :,(
4 0
3 years ago
The way an organization’s structure works depends on the organizing choices managers make about what three (3) issues?
sveticcg [70]
The structure of the hierarchy, the levels of management, and the levels of employees.
6 0
3 years ago
Soles is a footwear company which has recently set up its store in Ambrosia. To manufacture its products, Soles incurs a range o
aniked [119]

Answer:

c. Electricity used to run its factories

Explanation:

Indirect costs are expenses that cannot be assigned to a particular project or item exclusively. They are associated with various activities in an organization or a project. Indirect costs will mostly comprise overheads or fixed costs.  Unlike direct cost that can be attached to a specific item, indirect costs are the general expenses.

The cost of electricity used to run factories cannot be associated with the store in Ambrosia solely. It may include costs from other centers or factories. The other option which consists of the cost of machines, cost of leather and salary for factory workers are directly related to shoe production.

6 0
3 years ago
Other questions:
  • A seller uses a perpetual inventory system, and on April 4, it sells $5,000 in merchandise (its cost is $2,400) to a customer on
    10·1 answer
  • Rachel Bailey was quickly hired out of Santa Clara University during the dot-com boom to a company of 100 employees that ran an
    14·1 answer
  • What weakness is revealed by always being late to team practice
    8·2 answers
  • Alternative A Alternative B Materials costs $28,000 $64,000 Processing costs $34,000 $34,000 Equipment rental $11,000 $28,500 Oc
    15·1 answer
  • Metro Inc. has two production departments (Lamination and Molding) and three service departments (Human Resources, Technology Su
    14·1 answer
  • Miller and Sons' static budget for 10,300 units of production includes $36,800 for direct materials, $48,500 for direct labor, v
    6·1 answer
  • Listed below are year-end account balances (in $millions) taken from the records of Symphony Stores.
    10·1 answer
  • akashi plans to save $30,000 per year until he retires. His first savings contribution to his retirement account is expected in
    6·1 answer
  • Which of the following refers to the way that interest added to an account earns
    12·1 answer
  • A photocopier cost $105,000 when new and has accumulated depreciation of $96,000. if the business discards this plant asset, the
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!