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With annual compounding, the number of years for 1000 to become 1400 is 6.7 years
With continous compounding, the number of years for 1000 to become 1400 is 1.35 years
<h3>How long would it take $1000 to become $1,400?</h3>
With annual compounding, the formula that would be used is:
(In FV / PV) / r
Where:
- FV = future value
- PV = present value
- r = interest rate
(In 1400 / 1000) / 0.05 = 6.7 years
With continous compounding, the formula that would be used is:
(In 1400 / 1000) / (In e^r)
Where r = interest rate
((In 1400 / 1000) / (In e^0.05) = 1.35 years
To learn more about how to determine the number of years, please check: : brainly.com/question/21841217
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The cartesian plane is composed of four quadrants: quadrant I, II, III<span> and IV. Quadrant I has positive x and </span>y axes<span>. Quadrant II has negative </span>x axis<span> and </span>y axis<span>. Quadrant III has both negative x and </span>y axes<span> while quadrant IV has </span>positive x axis<span> and negative </span>y axis<span>. x value refers to the abscissa while y value refers to ordinate. Answer hence is A</span>
1.500 since 45 rounds to 50
Answer:
ok
Step-by-step explanation:
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