Answer:
A) The annual multiplier was 1.0339; the annual increase was 0.0339 of the value.
B) 3.39% per year
C) $182,000
Step-by-step explanation:
A) Let's let t represent years since 1987. Then we can fill in the numbers and solve for r.
165000 = 100000(1 +r)^15
1.65^(1/15) = 1 +r . . . . . divide by 100,000; take the 15th root
1.03394855265 -1 = r ≈ 0.0339
The value was multiplied by about 1.0339 each year.
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B) The value increased by about 3.39% per year.
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C) S = $100,000(1.03394855265)^18 ≈ $182,000
Answer:
The age of the horse, in human years, when Alex was born can be determined by simply deducting the Current age of Alex from the Current age of the horse in human years.
Therefore, the age of the horse, in human years, when Alex was born was 42 years.
Step-by-step explanation:
Current age of Alex = 8
Current age of the horse in human years = 50
Since the age of the horse is already stated in human years, it implies there is no need to convert the age of the horse again.
Therefore, since Alex is a human who was born 8 years ago, the age of the horse, in human years, when Alex was born can be determined by simply deducting the Current age of Alex from the Current age of the horse in human years as follows:
The age of the horse, in human years, when Alex was born = 50 - 8 = 42
Therefore, the age of the horse, in human years, when Alex was born was 42 years.
This can be presented in a table as follows:
Age of Alex Age of the Horse (in human years)
Eight years ago 0 42
Current age 8 50
True
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Answer:
Step-by-step explanation:
First one is 0.066 cents and the second is is 15.266 dollars
