Answer: 64 years
Step-by-step explanation:
Let assume the dealer sold the bottle now for $P, then invested that money at 5% interest. The return would be:
R1 = P(1.05)^t,
This means that after t years, the dealer would have the total amount of:
$P×1.05^t.
If the dealer prefer to wait for t years from now to sell the bottle of wine, then he will get the return of:
R2 = $P(1 + 20).
The value of t which will make both returns equal, will be;
R1 = R2.
P×1.05^t = P(1+20)
P will cancel out
1.05^t = 21
Log both sides
Log1.05^t = Log21
tLog1.05 = Log21
t = Log21/Log1.05
t = 64 years
The best time to sell the wine is therefore 64years from now.
Answer:
(-3, 4)
Step-by-step explanation:
let the point P(x, y)
x = (5/7 × (-1+8)) + (-8)
= (5/7 × 7) -8 = 5-8 = -3
y = (5/7 × (8+6)) + (-6)
= (5/7 × 14) -6 = 10-6 = 4
so, P => (-3 , 4)
90 miles driving at 45 mph for 2 hours
Answer:
166 units^2
Step-by-step explanation:
Just add them all??
