Answer:
The answer is 13
Step-by-step explanation:
Sale price = cost price ( 1 - sales tax)
sales price = 21.60 ( 1- .08)
sales price = $19.872
Hopes this loves.
Answer:
Step-by-step explanation:
-4/10+(-7/10)=-1 1/10
Answer:
20 years
Step-by-step explanation:
<u>Continuous Compounding Formula</u>
where:
- A = Final amount
- P = Principal amount
- e = Euler's number (constant)
- r = annual interest rate (in decimal form)
- t = time (in years)
Given:
- A = $10,000
- P = $5,000
- r = 3.5% = 0.035
Substitute the given values into the formula and solve for t:
Therefore, it will take 20 years (to the nearest year) for the initial investment to double.