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
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Answer:
B
Step-by-step explanation:
Answer:
a - (-b), a - (-5)
Step-by-step explanation:
A double negative negative is a positive, so a - (-b) = a + b, and a - (-5) is a + 5. However, a double negative is still a difference, so this answer works.
Answer:
where is the function? where are the equations?
