Generic exponential growth model: y = Ao[1+r]^t
In this case: r = 3.5% = 0.035
y = 2Ao .....[the double of the initial value]
Then: 2Ao =Ao (1 + 0.035)^t
(1.035)^t =2
Take logarithm to both sides
t ln(1.035) = ln(2)
t = ln(2) / ln(1.035) = 0.693 / 0.0344 = 20.15
Answer: 20.15 hours.
Answer:
He was paid $1,001
Explanation:
Add 590 and 180 which is 770
Then multiply 770 by 0.30 which is 231
Add 231 to 770 which is $1,001
Hope this helps!
Answer:
Step-by-step explanation:
Karim Corp. requires a minimum $8,600 cash balance. Loans taken to meet this requirement cost 1% interest per month (paid monthly). Any excess cash is used to repay loans at month-end. The cash balance on July 1 is $9,000, and the company has no outstanding loans. Forecasted cash receipts (other than for loans received) and forecasted cash payments (other than for loan or interest payments) follow. Cash receipts Cash payments July $ 24,600 28,900 August $32,600 30,600 September $ 40,600 32,600 Prepare a cash budget for July, August, and September. (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign. Round your final answers to the nearest whole dollar.) KARIM CORP. Cash Budget For July, August, and September July August $ 9,000 September Beginning cash balance Total cash available Preliminary cash balance Ending cash balance Loan balance $ 0 Loan balance - Beginning of month Additional loan (loan repayment) Loan balance - End of month
Equation would be: 25.15 - 1.75x
Where, x = number of days.
Substitute for x = 3,
= 25.15 - 1.75(3)
= 25.15 - 5.25
= 19.90
In short, Your Answer would be $19.90
Hope this helps!
Breanna exercises for 4 and 1/2 hours during the six days.
To find the answer, we have to multiply 3/4 by 6.
To do this, we change 6 to 6/1 and multiply straight across.
3/4 x 6/1 = 18/4 = 9/2
9/2 is the same as 4 and 1/2
