The point is to find the growth rate. The compound formula is:
P=A(1+ growth rate)ⁿ, where A is the initial Value & P the new value after n years:
P₂₀₀₃ =P₂₀₀₂ (1+ growth rate)¹ (the period "n" from 2002 to 2003 being 1 year)
38400 = 32000(1+growth rate)¹
38400 / 32000 - 1= growth rate & growth rate = 1/5 = 0.2
You will balso find the same growth rate for:
P₂₀₀₄ = P₂₀₀₃(1+ growth rate)¹
P₂₀₀₅ = P₂₀₀₄((1+ growth rate)¹
between 2015 & 2002 THERE ARE 14 YEARS:
P₂₀₁₅ = P₂₀₀₂(1+0.2)¹⁴ & P₂₀₁₅ = 32000(1+02)¹⁴ = 410,854
Answer:
14652
Step-by-step explanation:
calculator
Answer:
13
Step-by-step explanation:
-1+4*2+2*3
=-1+8+6
13
Answer:
13, 16
Step-by-step explanation:
We need to find the common difference.
4 - 1 = 3
7 - 4 = 3
10 - 7 = 3
Find the next two terms.
10 + 3 = 13
13 + 3 = 16
Best of Luck!
I think that the first person who came along to buy apples would have to buy 12 dozen apples at $1 per dozen. Paul’s sells one dozen, Nick sells 4 dozen, and Ben sells seven dozen. After that, Paul has 3 apples, Nick has 2, and Ben has 1. If they all sent their remaining apples at a price of $3, Paul would earn 9 more dollars, Nick would earn 6, and Ben would earn three. That puts them each with a profit of $10.
