Activities such as a bonfire we do for fun we’re necessities in the past as they had no other way to keep warm or to heat food whilst we today just do it for fun to roast marshmallows and to get outside for a fun activity. But back then this was necessary for survival and the discovery of fire was one of the most influential things back in the past.
Hi there
The formula is
A=p (1+rt)
We need to solve for t
T=[(A/p)-1]÷r
Where
A future value 2200
P present value 1000
R interest rate 0.08
T time?
So
T=((2,200÷1,000)−1)÷0.08
T=15 years
Another time like this question you should post in at mathematics subject
Hope it helps
Answer:
To calculate profit, producers subtract total costs from total income.
Explanation:
This is a basic premise of cost theory. Total revenue is obtained by multiplying the price by the quantity sold. The total cost is the multiplication of the cost of each unit by the quantity.
Profit is the decrease in revenue by cost.
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