A)
= 3 2/4
= 3 1/2
b)
= 7 10/15 + 2 3/15
= 9 13/15
Answer:
8 years
Step-by-step explanation:
Compound interest formula

A(t) is the final amount 55000
A_0= 40000, r= 4% = 0.04, for quarterly n=4

divide both sides by 40000


Take ln on both sides

divide both sides by ln(1.01)

Divide both sides by 4
t=8.00108
So it takes 8 years
50 is the answer to this question
2500 * 0.9 = 2250
2250 * 0.9 = 2025 current stock