1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Basile [38]
3 years ago
14

In 2003, the annual sales at a company are $372,000. If sales are increasing at a rate

Mathematics
1 answer:
Otrada [13]3 years ago
3 0

Answer:

20 years

Step-by-step explanation:

We start by writing an exponential equation;

FV = PV( 1 + r)^t

FV is the future value = 1,000,000

PV is present value = 372,000

r is rate = 5% = 5/100 = 0.05

t is time which we are looking for

1,000,000 = 372,000(1 + 0.05)^t

1.05^t = 1,000,000/372,000

1.05^t = 2.688

t ln 1.05 = ln 2.688

t = ln 2.688/ln 1.05

t = 20 years

You might be interested in
If a right triangle has a hypotenuse of 12 cm and one leg that measures 9 cm, find the length of the other leg.
otez555 [7]
By Pythagoras Theorem,
the length of the other leg= (12^2-9^2)^1/2
hope this helps
6 0
3 years ago
13.2)
Neko [114]

Answer:

390

Step-by-step explanation:

4 0
3 years ago
Can someone help me with this?
LekaFEV [45]
The constant variation for the relationship being shown is 4
3 0
2 years ago
Read 2 more answers
Divide 33 photos into two groups so the ratio is 4 to 7
Advocard [28]
4 to 7
or
4+7= 12
4x+7x=33
x=3
so,
(4×3)+(7×3)=33
12+21=33
or
12 and 21.
hope it helped
8 0
2 years ago
How to do number 15?
tatiyna
I think it would be 120 because it is 2 times 60 and they add up to 180 I may be wrong buts that’s what I would do
3 0
3 years ago
Other questions:
  • You notice that another cupboard door is in the shape of a square that is divided into two isosceles triangles. You measure the
    12·2 answers
  • Please help! The very last question has 2 answers.
    10·1 answer
  • Determine whether the two quantities is proportional
    14·1 answer
  • Which is the graph of f(x) = 2(3)?
    15·1 answer
  • The closest distance between Earth and Mars is approximately 3.39x107 miles. The fastest rocket leaving Earth travels at an
    6·1 answer
  • Please help!! TYSM!! What do a cylinder and a cone have in common? How are they different? (Hint: Look up the formula for the vo
    11·1 answer
  • Doug can download new songs for $1.19 each. Write an equation to show how many songs he can download for $12.00
    15·2 answers
  • Write an inequality for the statement. The sum of a number and nine is less than thirty.
    9·1 answer
  • What is halfway between 140,000 and 150,000​
    14·2 answers
  • A native wolf species has been reintroduced into a national forest. Originally 200 wolves were transplanted. After 3 years, the
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!