Hey there!
First, set up an exponential equation that represents the rate at which your original amount, 1000, gains interest:
y = 1000(1.24)^x
Y represents the value after X years. 1.24 represents the rate at which the money gains interest, 1 + 0.24 (your 24% interest rate in decimal form). 1000 is your original amount.
Now, set this equation equal to 64000, graph y = 64000 and y = 1000(1.24)^x on a graphing calculator, and see where the two equations intersect in order to solve for x.
They intersect when x is about 19.334, as seen in the graph below (it is very zoomed in so that you can see where the two functions intersect). Therefore, it will be about 19 years after the year in which you deposited the 1000 dollars before the money is worth 64000 dollars.
Step-by-step explanation:
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Answer:
48390,"37,520","65,810",2170 or 2180 (both will work)
Answer:
3620.57
Step-by-step explanation:
Given: Stacy hits the jackpot one day at the gumball machine and won 4 gumballs, radius of each gumball is 6 mm
To find: Total volume of all 4 gumballs
Solution:
Gumball is Spherical
Volume of Sphere = (4/3)πr³
r = Radius of Sphere
r = 6mm
Volume of 1 gumball = (4/3)π * 6³
= 288π mm³
Volume of 4 gumballs = 4 * 288π
= 1152π mm³
using π = 22/7
= 3,620.57 mm³
or using π = 3.14
= 3,617.28 mm³
Volume of 4 gumballs = 288π mm³ ≈ 3,620 mm³