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Answer:
Use the formula for calculating compound interest PN=P0(1+rk)Nk where P0 is the unknown, PN=10,000, N=10, k=1, and r=0.015. Substitute the values into the formula and simplify.
10000=P(1+0.0151)1⋅10
10000=P(1.015)10
10000=P(1.16054...)
8616.67=P
Therefore, rounded to the nearest dollar, the initial investment needs to be $8617 to have $10,000 in 10 years.
Step-by-step explanation:
I am guessing that y = 300.
Hope this helps
Happy Holidays.
Answer:
no they are parallel because the slope is the same they just are at different y- intercepts
Answer:
Price of (1) One way ticket = 487.75 QR
Price of (2) One way tickets = 487.75*2= 975.5 QR
Price for Return trip = 909 QR
Difference = 975.5-909 = 66.5 QR
There for Its is cheaper to buy to buy a return trip ticket by 66.5 QR
Ans: 60.50 QR