Answer:
About two times greater.
Step-by-step explanation:
8 times 10 minus 3 equals 77.
4 times 10 minus 6 equals 34.
77 minus 34 is 43
43 minus 34 is 9.
34 can only be put into 77 two times
So your present value is 7750. this is what you have now. they give you the intesrest rate which is 4% and how the amount of year is 5.
recall the formula for a compounded continously is
P×e^(r×t)
the answer is 7750×e^(.04×5)
Answer:
0.7
Step-by-step explanation:
To get 7/10 as a decimal you simply divide 7 by 10 which gets you 0.7.
