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Vesnalui [34]
4 years ago
6

The XYZ company is seeing its value declining at a rate of 3.2% per year. If the current value is $2,300,000, what will the valu

e be in 5 years?
Mathematics
1 answer:
slega [8]4 years ago
4 0
Given that its value decreases by r = -3.2% (i.e decreasing means that the rate is negative) and that the current value of the company is P = 2,300,000.

The value of the company in n = 5 years is given by

FV=P(1+r)^n \\  \\ =2,300,000(1-0.032)^5 \\  \\ =2,300,000(0.968)^5=2,300,000(0.8499) \\  \\ =\$1,954,810.81
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EASY MATH!!! GIVING BRAINLIEST!!
musickatia [10]

Answer:

55

Step-by-step explanation:

So lets take our 50 dollars.

Next, take your increase of 5%. Remember, 5% is 0.05, and it is a increase of 5%, so we are multipling 50 by 1.05.

Before we start multiplying, lets recall that this occurs twice(2 years), but this doesnt mean we multiply 50 by 1.10. No, we just mutiply 50 by 1.05 2 times:

50*1.05

=

52.5

52.5*1.05

=

55.25

So your answer is 55 dollars(rounding down).

Hope this helps!

4 0
3 years ago
Assume that the weights of quarters are normally distributed with a mean of 5.67 g and a standard deviation of 0.07 g. If a vend
Black_prince [1.1K]

Answer:

0.98046

Step-by-step explanation:

Given:

  • μ = 5.67
  • σ = 0.07

Here we are required to find

P(5.48 <X<5.82) and between 5.48 and 5.82 we each z-score given by

<em>z = (x - μ) / σ</em>

So 5.48 we have z = -2.714  and 5.82 we have  z = 2.143

Therefore we have the area of interest on the normal distribution chart given by :

P( -2,714 < z < 2.143)

= 1 - P(Z<-2.714) + P(Z >  2.143)

= 1 - P(Z<-2.714) + (1 - P(Z <  2.143))

= 1 - 0.00336 + 1 - 0.98382

= 1 - 0.01954 = 0.98046

6 0
3 years ago
Read 2 more answers
These triangles are similar. find Y and X
CaHeK987 [17]

It these triangles are similar, then the sides of the triangles are in proportion:

\dfrac{y}{10}=\dfrac{y+4}{15}      <em>cross multiply</em>

15y=10(y+4)    <em>use distributive property</em>

15y=10y+40       <em>subtract 10y from both sides</em>

5y=40           <em>divide both sides by 5</em>

\boxed{y=8}


\dfrac{x}{4}=\dfrac{6}{8}            <em>cross multiply</em>

8x=(4)(6)

8x=24           <em>divide both sides by 8</em>

\boxed{x=3}

3 0
3 years ago
Carmen has 10 boxes of seashells with 6 seashells in each box. She gave away 5 seashells. Which steps can you use to find the nu
babymother [125]

Answer: the answer is four

7 0
3 years ago
What number is 60% of 98
Shkiper50 [21]

Answer:

The number is 58.8

Step-by-step explanation:

Let

x -----> the number

we know that

The number 98 represent the 100%

so

using proportion

Find out what number represent the 60% of 98

\frac{98}{100\%}=\frac{x}{60\%}\\\\x=98(60\%)/100\%\\\\x=58.8

7 0
3 years ago
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