Answer:
Step-by-step explanation:
When solving for 1 variable, set the other to 0 and solve.
Answer: 64 years
Step-by-step explanation:
Let assume the dealer sold the bottle now for $P, then invested that money at 5% interest. The return would be:
R1 = P(1.05)^t,
This means that after t years, the dealer would have the total amount of:
$P×1.05^t.
If the dealer prefer to wait for t years from now to sell the bottle of wine, then he will get the return of:
R2 = $P(1 + 20).
The value of t which will make both returns equal, will be;
R1 = R2.
P×1.05^t = P(1+20)
P will cancel out
1.05^t = 21
Log both sides
Log1.05^t = Log21
tLog1.05 = Log21
t = Log21/Log1.05
t = 64 years
The best time to sell the wine is therefore 64years from now.
Answer:
idk bro but can you answer my question and show work please or take a picture of the shown work and attach as a question or answer please
Step-by-step explanation:
Y is 9 because 2 times 5 is 10, then you take that same 10 and subtract 1 and then you have 9
Slope = y1-y2/x1-x2 .. 5-3/-3--3 = math error (its parallel to y axis)
