Hello there! For this question, because the revenue increases, we will be compounding. The formula for coompounding is P(1 + r)^t, where P = initial amount, r = rate in decimal form, and t = time in years. First, let's add 1 into the rate. 3.5% is 0.035 in decimal form. 1 + 0.035 is 1.035. 1995 is 5 years from 1990 and 2006 is 16 years from 1990. Let's start by raising it to the 5th power. 1.035^5 is 1.187686306. Do not delete the number from your calculator. Multiply it by 250,000. When you do, you get 296,921.5764 or 296,921.58 when rounded to the nearest hundredth. We solved for 1995. Now, let's solve for 2006. 1.035^16 is 1.73398604. Again, do not delete the number from your calculator. Multiply by 250,000. When you do, you get 433,496.509957 or 433,496.51 when rounded to the nearest hundredth. There. Here are your answers:
1995: $296,921.58
2006: $433,496.51
Answer:
w = 49
Step-by-step explanation:
w - 39 = 10
=> w = 10 + 39
=> w = 49
If you have a calculator I would suggest using that, but otherwise here's the process:
170
+130
--------
Add the zeros.
0
+0
-----
Add 70 and 30.
70
+30
------
Carry the 1 on the 10
Add 100, 100, and 100 (From the 10)
100
100
+100
--------
Add 300, 0, and 0.
300
0
+ 0
---------
The answer is 300.
Answer:
$460
Step-by-step explanation:
Equation to find total cost
1.03 * (item price) = total cost
1.03 * (item price) = $473.80
Divide both sides by 1.03 to isolate the item price
$473.80/1.03 = $460