The correct answer is C. F(x)=2 * (0.7)^x
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:
y = (1/2)x - 3 Answer A is closest.
Step-by-step explanation:
Two points on the line are (0, -3) and (4, -1). Notice that I've intentionally chosen "nice" points whose coordinates are integers; this makes the math easier. The point (1, -5/2) is also on the line if you want to use it, but the math's a bit more complicated.
Going from (0, -3) to (4, -1), x increases by 4 and y increases by 2. Hence, the slope of this line is m = rise / run = 2/4, or m = 1/2.
The slope-intercept formula for the equation of a straight line is the most convenient to use here, since we can tell immediately from the graph that the y-intercept is (0, -3):
y = (1/2)x - 3
Answer A should be y = (1/2)x - 3 for improved legibility. 1 2 x is not correct as a way to express (1/2)x.
Answer:
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Step-by-step explanation:
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