Present value, PV = $500
Future value, FV = 2*PV = 2*500 = $1,000
Rate, r = 4% = 0.04
Compounding times in a year, n = 4 (compounded quarterly)
Time, t = ??
The future value expression is stated as:
FV = PV (1+r/n)^nt
Substituting;
1000 = 500 (1+0.04/4)^4t
2 = (1.01)^4t
ln 2 = 4t ln 1.01
0.6931 = 4t* 0.00995
0.6931 = 0.0398t
t = 17.414 years
Time required for the amount to double is 17.41 years.
Answer:
N = 30
Step-by-step explanation:
3: 10 = 3/10 = 0.3
0.3 * 100 = 30 = N
Step-by-step explanation:
Perimeter = x + 2x + 2x = 5x
Since 5x <= 46.8cm, x <= 9.36cm.
The largest base is 9.36cm.
Answer:
0.23
Step-by-step explanation:
If you convert 0.23 into a percent, it becomes 23%, which is more than 2.3%.
<em>Hope that helps!</em>
<em>-Sabrina</em>
