Answer:
f(t) = 101,234
Step-by-step explanation:
First, use FV formula to find the rate ;r given PV=101,234 and FV=104,271.02 and time= 1 year
104,271.02 = 101,234
Divide both sides by 101,234 to get;
104,271.02 / 101,234 = 1+r
1.03 = 1+r
1.03 -1 =r
therefore r= 0.03 or 3%
Next, to get the function of FV of estate after t years; f(t) ;
Plug in the 3% rate found above into the FV formula with PV being the current value of 101,234 and it becomes;
f(t) = 101,234
Answer:
22 years.
Step-by-step explanation:
(continued), How long will it take the 5000 Swiss Francs to accrue to 10000 = 2 x 5000 Swiss Francs.
Define T as
T = the time to double the investment.
Then, we have that
10000 = 5000(1 + 3.25%)^T
2 = (1 + 0.0325)^T
2 = (1.0325)^T
ln(2) = ln [ (1.0325)^T ]
ln(2) = T ln (1.0325)
T = ln(2) / ln(1.0325)
T = 21.6723317643
T = 22 years, rounded to the nearest year.
1.) True. Their scales are the same, they only vary in sizes.
2.) False. Similarities between circles can be proven by reflections(1), transformation(2), dilation(3), and rotations(4) when they map the figures.
3.) True. Refer to #2.
Answer:
176
Step-by-step explanation: