8 rock in 5 minutes
54 rocks / 8 rocks = 6.75
6.75 x 5 minutes = 33.75 minutes
With annual compounding, the number of years for 1000 to become 1400 is 6.7 years
With continous compounding, the number of years for 1000 to become 1400 is 1.35 years
<h3>How long would it take $1000 to become $1,400?</h3>
With annual compounding, the formula that would be used is:
(In FV / PV) / r
Where:
- FV = future value
- PV = present value
- r = interest rate
(In 1400 / 1000) / 0.05 = 6.7 years
With continous compounding, the formula that would be used is:
(In 1400 / 1000) / (In e^r)
Where r = interest rate
((In 1400 / 1000) / (In e^0.05) = 1.35 years
To learn more about how to determine the number of years, please check: : brainly.com/question/21841217
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I think it is 2.5 but not sure correct me if i am wrong
Answer:
$11.99
https://www.percent-off.com/_30_%25+off_39.98_
(A calutor for you to use I used it to help my mom shop)
Answer:
$381.29
Step-by-step explanation:
10000(1+.18)5
10000(1.18)5
Amount due $22877.58
since 5 years x 12 months =60 months
monthly payment is 22877.58÷60 = $381.29
