9514 1404 393
Answer:
8.6
Step-by-step explanation:
The growth factor per year is 1.012, so in 500 years is ...
1.012^500
The number of doublings is the solution to ...
2^n = 1.012^500
Taking logarithms, we have ...
n·log(2) = 500·log(1.012)
n = 500·log(1.012)/log(2) ≈ 8.6046
About 8.6 doublings will take place in 500 years.
Answer:
$280
Step-by-step explanation:
Step one
Given data
A mechanic makes $350 /week
20% of his income is deducted for taxes
Required
the mechanic's take-home pay for the week
Step two:
let us find 20% of $350
=20/100*350
= 0.2*350
=$70
Therefore the take-home pay is
= 350-70
= $280
Answer:
The Final Investment Value is 
Step-by-step explanation:
we know that
The compound interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above
