Answer:
FV= 1,000*(1.12^n)
Step-by-step explanation:
Giving the following information:
Initial investment= $1,000
Increase rate= 12% = 0.12
We need to formulate an exponential equation to show the value in n years.
<u>To calculate the Future Value, we need to use the following formula:</u>
FV= PV*(1+i)^n
Being:
FV= Future Value
PV= Initial Investment
i= increase rate
n= number of periods
FV= 1,000*(1.12^n)
<u>For example, for one year:</u>
FV= 1,000*(1.12^1)
FV= $1,120
For 3 years:
FV= 1,000*(1.12^3)
FV= $1,404.93
32*1.2=38.4 (.2 is the 20%, and the 1 adds the percent to the original cost making it a mark up)
Answer:
Length = 11.25 and width = 3.75 inches.
Step-by-step explanation:
You must mean that the length is 3 times its width.
If the the width is x then the length is 3x inches.
Perimeter = 2*length + 2*width.
2(3x) + 2x = 30
6x + 2x = 30
8x = 30
x = 3.75.
3x = 11.25.
Answer:
The slope of a line is 2/6 because slope also means rise over run (y/x). So the line's slope is 2/6 because it goes up (rises) in the y-direction 2 units and moves to the right (runs) 6 units, from one point to another.
Step-by-step explanation: