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Damm [24]
3 years ago
5

Bob bought some land costing $15,540. Today, that same land is valued at $45,117. How long has Bob owned this land if the price

of land has been increasing at 5 percent per year
Mathematics
1 answer:
iren [92.7K]3 years ago
5 0

Answer:

21.84 years

Step-by-step explanation:

From the compound interest formula;

F = P(1+r)^t .......1

ln(F/P) = tln(1+r)

t = ln(F/P)/ln(1+r) .......2

Where;

F = Final value = $45,117

P = Initial value = $15,540

r = rate = 5% = 0.05

t = time

Substituting the values into equation 2;

t = ln(45117/15540)/ln(1.05)

t = 21.84542292124 years

t = 21.84 years

It will take Bob 21.84 years

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Find the Equation of the Parallel Line
sasho [114]

Answer:

y = -5x - 1

Step-by-step explanation:

Let the equation of a line parallel to the given line is,

y - y' = m(x - x')

Where m = slope of the line

And line passes through (x', y')

Equation of a line has been given as,

5x + y = 4

y = -5x + 4

Slope of this line = -5

By the property of parallel lines "slope of the parallel lines are same",

m = -5

Parallel line passing through (-1, 4) and slope 'm' = -5 will be,

y - 4 = -5(x + 1)

y - 4 = -5x - 5

y = -5x - 5 + 4

y = -5x - 1

Therefore, equation of the parallel line will be,

y = -5x - 1  

5 0
2 years ago
what's the population of the city of 3000 + 40000 + 60 + 7 what population of Sebastian City in standard form
Harrizon [31]
The answer is 43,067.
4 0
3 years ago
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sertanlavr [38]

Answer:

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Step-by-step explanation:

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Now we need to find how much the carpet cost per square inch.
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