What’s the solution of 1,200-5(3x+30)=600
1 answer:
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Answer:
$41,875
<u>Extra</u>
a. $17,250 [($780,000 – $90,000) ÷ 40]
b. $366,000 [$780,000 – ($17,250 × 24 yrs.)]
c. $29,600 [($366,000 – $70,000) ÷ 10 yrs.]
Step-by-step explanation:
Step 1: Determine the cost of the asset
Step 2: Subtract the estimated salvage value of the asset from the cost of the asset to get the total depreciable amount
Step 3: Determine the useful life of the asset
Step 4: Divide the sum of step (2) by the number arrived at in step (3) to get the annual depreciation amount
Answer:
The time required to get a total amount of $ 640.00 from compound interest on a principal of $ 440.00 at an interest rate of 5.6% per year and compounded 365 times per year is approximately 7 years.
Step-by-step explanation:
Given
- Principle Amount P = $440
- Accrued Amount A = $640
- Interest rate r = 5.6% = 0.056
- Compounded daily n = 365
To determine:
Time period t = ?
Using the formula
solving for t
t = ln(A/P) / n[ln(1 + r/n)]
substituting the values A = 640, P = 440, n = 365 and r = 0.056
t = ln(640/440) / ( 365 × [ln(1 + 0.00015342465753425/365)] )
t = 6.691
t ≈ 7 (nearest year)
Therefore, the time required to get a total amount of $ 640.00 from compound interest on a principal of $ 440.00 at an interest rate of 5.6% per year and compounded 365 times per year is approximately 7 years.