Answer:
Step-by-step explanation:

The formula is
A=p (1+r)^t
A future value?
P present value 160000
R interest rate 0.16
T time 3years
A=160,000×(1+0.16)^(3)
A=249,743.36
Use that future value to find the present value at a rate 8% compounded annually
To find p (present value) solve the formula for p
P=A÷ (1+r)^t
Where r is 0.08
P=249,743.36÷(1+0.08)^(3)
p=198,254.33
Answer:
Step-by-step explanation:
18 7/8 - 14 7/9
18 63/72 - 14 56/72
= 4 7/72
answer is B
Answer:
23 years.
Step-by-step explanation:
It is given that the initial price of painting is $150 and its values increasing by 3% annually.
We need to find how many years will it take until it is doubled in value.
The value of painting after t years is given by
The value of painting after double is 300. Substitute y=300.
Divide both sides by 150.
Taking log both sides.
Therefore, the required number of years is 23.
Answer:
$1800
Step-by-step explanation:
twelve months in a year 12*2=24
75*24=1800