The number of years it would take $4000 to grow to $4616 is 2.92 years.
<h3>How many years would it take the investment to have a value of $4616?</h3>
When an amount earns compound interest compounded semi annually, it means that both the amount invested and the interest accrued increases in value twice yearly.
Number of years = (In FV / PV) / r
- r = 9.8/2 = 4.90%
- FV = future value = 4616
- PV = present value = 4000
(In 4616 / 4000) / 0.049 = 2.92 years
Answer:
16.7 percent decrease.
Step-by-step explanation:
Difference in value = 150,000 - 180,000
= -30,000
As a percent this = (-30,000 / 180,000) * 100
= -0.1667 * 100
= -16.67
The answer would be 3.175 kg
Answer:
N/A
Step-by-step explanation:
Which area of shaded segment?
Answer:
4877 fish
Step-by-step explanation:
Each year, the fish population is multiplied by 1-6% = 0.94, so after 8 years it has been multiplied by 0.94^8 ≈ 0.609569.
At that time, the population is ...
8000×0.609569 ≈ 4877 . . . fish
