Answer: 64 years
Step-by-step explanation:
Let assume the dealer sold the bottle now for $P, then invested that money at 5% interest. The return would be:
R1 = P(1.05)^t,
This means that after t years, the dealer would have the total amount of:
$P×1.05^t.
If the dealer prefer to wait for t years from now to sell the bottle of wine, then he will get the return of:
R2 = $P(1 + 20).
The value of t which will make both returns equal, will be;
R1 = R2.
P×1.05^t = P(1+20)
P will cancel out
1.05^t = 21
Log both sides
Log1.05^t = Log21
tLog1.05 = Log21
t = Log21/Log1.05
t = 64 years
The best time to sell the wine is therefore 64years from now.
Answer:
The person that answered at the top is a legend!! The picture below is just proof that he/she is right!! :)
Step-by-step explanation:
9514 1404 393
see attached Starting with the original function, swap the variables x and y, then solve for y. The resulting function is the inverse of the original function.
i hope this help's pleazz dont report me okay
3/4=36/48 so 36 pieces can be made from the metal rod. Hope this helps!
Answer:
Step-by-step explanation:
We are looking for what number times .50 makes the equation true.
So, just do backwards equation:
Thus, meaning that what multiplied by 0.50 is equal to 17?
[tex]0.50 * 34[tex]
[tex]==> 17[tex]
Answer:
$12,003.25.
Step-by-step explanation:
The boat's values after each year is $14,000 * (100-5)%, so
the equation is A = 14000(0.95)^3
= $12,003.25.
