————————————-The answer is 3.78
Answer:
(b) interest times the initial investment only
Step-by-step explanation:
simple interest is calculate on the initial amount only there no addition of previous interest. It is calculate by multiplying initial investment to the rate of interest and duration of investment and after multiply we divide the whole value by 100. If we want to find the total value then we have to add the interest to the initial investment
A’s increase is 1.8/1.5=6/5; B’s increase is 1/0.6=5/3.
A formula for A is A(t)=1.5(6/5)^t and for B, B(t)=0.6(5/3)^t where t is years since 2004.
When A=B, 1.5(6/5)^t=0.6(5/3)^t.
Taking logs: log1.5+tlog(6/5)=log0.6+tlog(5/3), t(log(5/3)-log(6/5))=log1.5-log0.6.
tlog(25/18)=log2.5, t=log2.5/log(25/18)=2.7893 approx.
This occurs during 2006 around mid-October.
Common sales=1.5(6/5)^2.7893=0.6(5/3)^2.7893=$2.4943 billion.
Answer:
Pretty sure it's B 234
Step-by-step explanation: