How much does each bamboo plant cost. This is impossible to solve without knowing the cost. I you have the cost i would be happy to help.
Answer:
7 years 11 months
Step-by-step explanation:
The future value formula for the value of a principal P invested at annual rate r compounded n times yearly for t years is ...
FV = P(1 +r/n)^(nt)
For the given numbers, we want to find t:
6000 = 3700(1 +.062/2)^(2t)
Dividing by 3700 and taking the logarithm, we get ...
6000/3700 = 1.031^(2t)
log(60/37) = 2t·log(1.031)
Dividing by the coefficient of t gives ...
t = log(60/37)/(2log(1.031)) ≈ 7.92 . . . . . years
It will take about 7 years 11 months for the investment to grow to $6000.
Answer:
Step-by-step explanation:
Answer:x = 164686.592598
Step-by-step explanation:
219379.01−x/x = 0.3321
−x+219379.01/x = 0.3321
Step 1: Multiply both sides by x.
−x+219379.01≈0.3321x
−x+219379.01 − 0.3321x = 0.3321x−0.3321x (Subtract 0.3321x from both sides)
−1.3321x + 219379.01 = 0
−1.3321x + 219379.01 − 219379.01 = 0 − 219379.01 (Subtract 219379.01 from both sides)
−1.3321x = −219379.01
−1.3321x/−1.3321 = −219379.01/−1.3321
(Divide both sides by -1.3321)
x = 164686.592598
.010416666666. Use conversion factors to solve.
