Answer:
After 50 years the stock value will be $50 per share.
Step-by-step explanation:
Simple Interest Equation (Principal + Interest)
A = P(1 + rt)
Where:
A = Future amont = $50
P = Principal Amount = $40
r = Rate of Interest per year in decimal; r = R/100 = 0.5/100 = 0.005
t = Time Period involved in months or years
Plug in the values
50 = 40(1 + 0.005t)
50 / 40 = (1 + 0.005t)
5/4 = 1 + 0.005t
5/4 - 1 = 0.005t
0.25 = 0.005t
t = 0.25 / 0.005
t = 50 years
Answer:
your y-intercept is 0 and slope is 4 so any line with zero slope it will be horizontal
Complete question :
A pair of $36 jeans were on sale at Jim's Jeans for 1/3 off. The same pair of jeans were $42 at David's Denims. The jeans were on sale for 2/3 off.
A.) which store had the better buy
B.) how much will you pay at the store that has the better buy
Answer:
A.)David's denim has the better buy
B.) $14
Step-by-step explanation:
Jim's Jean store :
Cost of Jean = $36
Discount = 1/3 off
Discounted cost = $36 - (1/3 * $36)
Discounted cost = $36 - $12 = $24
David's Denim:
Cost of Jean = $42
Discount = 2/3 off
Discounted cost = $42 - (2/3 * $42)
Discounted cost = $42 - $28 = $14
David's denim has the better buy with a discounted price lower than the discounted price at Jim's store.
Cost at store with the better buy is $14
Answer:
- Please see the attached picture for full solution!:)
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