All categories

2 years ago

PLEASE HELP ASAP!! CORRECT ANSWER ONLY PLEASE!!!

Business

2 answers:

elixir [45]2 years ago

8 0

Answer:

a. the approximate triple in value

hope it helps :)

FinnZ [79.3K]2 years ago

8 0

Answer:

Explanation:

So, lets go over what the rule of 72 is.

First off, the formula is: $t=\frac{72}{r}$

The t stands for time in years.

The r stands for the intrest percentage.

So bascially, t is just 72 divided by the intrest rate.

So we know what the forumla/varaibles is, but what is it used for?

Well, lets plug in a number and see.

How about we go with an intrest rate of 8%? This is the most accurate percentage to use with the rule of 72, and the numbers get more and more inaccurate as you go higher or lower than this percentage:

t=72/8

t=9

So we know that it takes 9 years to do...what exactly?

Well, lets see, if you multiply 72 by 108% 9 times, what do you get? Remember that parehteses are important, and if you are testing this on a calculator, you should do 72*(1.08^9):

Well, 1.08 to the ninth power is 1.999

Times this by 72, and you get: 143.28

This is not 100% accurate, but as you can see, its very close to DOUBLING the value.

So, we know that it would take 9 years in this situation to double our value, or in other words:

9 years is the approximent time it takes to double our value, or investment.

This looks almosted exactly like B.

Hope this helps!

You might be interested in

A(n _____ is a website that allows visitors to browse through a wide variety of products from varying etailers. question 5 optio

AysviL [449]

<span>A cybermall is a website that allows visitors to browse through a wide variety of products from varying etailers. </span>

8 0

3 years ago

You are ready to retire. A glance at your 401K statement indicates that you have $750,000. If the funds remain in an account ear

Bumek [7]

Answer:

Using the compounding formula we can calculate the amount that I will earn by calculating the difference between the Future value of the investment and the amount invested.

Step 1 Find Future Value

FV = Present Value * (1+r)^n

Future Value = $750,000 * (1+9%)^1

FV = $817,500

Step 2 Find the Difference between he Future value of the investment and the amount investment

And the amount invested is $750,000

The amount I can withdraw = FV less The amount invested

The amount I can withdraw = $817,500 - $750,000 = $67,500

So the amount that I will earn and I can withdraw annualy is $67,500.

8 0

3 years ago

List and explain the classification of materials handling equipments

maw [93]

Answer:

the different types of handling equipment can be classified into four major categories transport a comment position a common unit learn formation equipment and storage equipment

7 0

3 years ago

16. The cost of land can include: A. Purchase price B. Assessments by local governments C. Costs of removing existing buildings

NeTakaya

Answer:

E. All of the above

Explanation:

The cost of the land could be computed by adding the purchase price of the land, its assessment done by the local governments, removing cost of the existing buildings, insuring fees for the title

Therefore as per the given situation, it includes all the things mentioned in the question

Therefore the correct option is E

hence, the same is to be considered

3 0

2 years ago

Suppose that Edison, an economist from a university in Arizona, and Hilary, an economist from a school of industrial relations,

Ivahew [28]

Answer:

Tariffs and import quotas generally reduce economic welfare.

Explanation:

The vast majority of economists (over 90% according to the University of Chicago) agree that tariffs and import quotas generally reduce economic welfare. This is perhaps the normative statement in which economists agree the most.

The reason why is because tariffs and import quotas only benefit a small fraction of domestic producers, to the dismay of a larger number of consumers who end up having to pay higher prices for consumer goods.

6 0

3 years ago