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DanielleElmas [232]
2 years ago
8

An initial amount of $40,000 increases by 8% per year. In how many years will the amount reach $60,000?​

Mathematics
2 answers:
Anit [1.1K]2 years ago
7 0

Answer:

6.25 Years

Step-by-step explanation:

First, find 8% of 40,000 which is 3,200 which represents how much the initial amount increases per year.

Next, find out how much you need to increase by subtracting 40,000 from 60,000 which means you need 20,000 more dollars.

Next, divide how much money you need by how much it increases to see how many years it will take.

20,000 divided by 3,200 is 6.25

Greeley [361]2 years ago
6 0
6.25 years
Find 1% of 40,000. 400
Multiply by 8. 3200
Divide by 20,000. 6.25
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Since we are told that the total number of boxes to be stacked is 64, then for the first arrangement, we can deduce that the "x" is going to be 4. This is because multiplying 4 by 16 gives 64. For the second row, using the same calculation, we find that "x" is 8. And that of the third gives our "x" to be 4 as well. We can then adjudge that;

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