It does not say simple or compound interest.
Simple interest is rarely used these days, so assume compound.
Use the standard formula:
future value = present value*(1+rate/n)^(nt)
n=number of times interest is compounded per year (=1)
t=number of years
Plugging values,
200=100(1.09)^t
1.09^t = 2
take log
t(log(1.09))=log 2
t=log(2)/log(1.09)=0.6931/0.08618=8.04 years.
Answer:
10 times the value
Step-by-step explanation:
The value of 8 in the hundreds place (800) is 10 times the value of 8 in the tens place (80).
I figured this out by dividing 800 by 80 = 10.
Answer:
250
Step-by-step explanation:
There is a 200 start up cost plus 50 per month
Cost = 200 + 50m where m is the number of months
We have 1 month
Cost = 200 +50(1)
Cost = 250
Given:
To find:
The value of x.
Solution:
We know that, corresponding sides of similar triangles are proportional.
Since,, therefore
On substituting the values from the figure, we get
On cross multiplication, we get
Therefore, the value of x is 4.
