Answer:
It will take 10.63 years.
Step-by-step explanation:
Giving the following information:
Present value (PV)= $4,000
Future Value (FV)= $10,000
Interest rate (i)= 9% annual compounded
<u>To calculate the time required to reach $10,000, we need to use the following formula:</u>
n= ln(FV/PV) / ln(1+i)
n= number of years
n= ln(10,000 / 4,000) / ln(1.09)
n= 10.63
It will take 10.63 years.
Answer:
The answer is $30
Step-by-step explanation:
Markup refers to the amount added to the cost price of goods to cover overhead and profit.
The vase was bought for $25, then is now selling for $55
$55-$25=$30
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Answer:
<h2>22
<em> </em><em>feet</em><em> </em><em>below</em></h2>
Step-by-step explanation:
<h2>Total down 20+9=29</h2><h2>Total up =7</h2><h2>Net = 29-7=22feet</h2>
Answer: C ) 3 Hours
Step-by-step explanation: 24 divided by 8 = 3hrs.
24 miles = 8mph divided by x = 3hrs
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