Answer:
- 1. <em>For the amount to double</em>: <u>9.37 years</u>
- 2. <em>For the amount to triple</em>: <u>14.85 years</u>
Explanation:
The equation for continuosly compounded interest is:
Where:
- P is the amount that you invest today: $1,300
- F is the value after t years: the double or triple of $1,300
- r is the annual interest rate: 0.074
<u>1. For the amount to double:</u>
Substitute the values and solve for t:
              
<u>2. For the amount to triple:</u>
<u />
             
 
        
             
        
        
        
Answer:
Explanation:
Compared to the McLaren, the Lamborghini has less power, a heavier engine, and less active aerodynamic designs. This allows the Huracán Performante to be an excellent supercar with extreme sounds, feels, and the excitement of a Lamborghini, but in performance the McLaren is superior.
 
        
             
        
        
        
Answer:
Total cost is equal to $81300
So option (c) will be correct answer.
Explanation:
Actual unit of production = 42000
Cost of per equivalent material = $1.10
Equivalent cost of material =  $
$
Equivalent cost of labor =  $
$
Therefore total cost of production = $46200+$35100 = $81300
So total cost will be $81300
Therefore option (c) is the correct answer 
 
        
             
        
        
        
Explanation:
The overall amount of a government's finished product of any and all additional goods produced and services provided with one year is national revenue. The guiding principle for economics and finance is recognizing how national income is produced.
 
        
             
        
        
        
Answer:
can revoke the contract as informal verbal agreements are not binding
Explanation:
Since in the question it is mentioned that sherry would pay her $5,000 in the case when she runs marathon now once she starts running so here alan can revoke the contract legally as there is only verbal agreements not the written agreement also they are not binding to each other
So as per the given situation, the above statement should be considered