Answer:
$300,000
Step-by-step explanation:
To find 8% of 100,000 all you need to do is multiply 100,000 by .08.
100,000 (.08) = 8,000
The 8,000 accounts for one year, so now you have to multiply 8,000 by 25.
8,000 (25) = 200,000
Now add the initial amount to the additional 200,00 that will be paid to the retirement account.
100,000 + 200,000 = 300,000
The answer is $300,000.
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the answer have to be would be (-3, 1)
9514 1404 393
Answer:
8.6
Step-by-step explanation:
The growth factor per year is 1.012, so in 500 years is ...
1.012^500
The number of doublings is the solution to ...
2^n = 1.012^500
Taking logarithms, we have ...
n·log(2) = 500·log(1.012)
n = 500·log(1.012)/log(2) ≈ 8.6046
About 8.6 doublings will take place in 500 years.
