Answer:
Step-by-step explanation:
the answer is 3
Answer:
$0.81
Step-by-step explanation:
Find 5.5% of 14.75 by multiplying it by 0.055
14.75(0.055)
= 0.81255
Round this to the nearest cent:
= 0.81
So, the tax will be $0.81
Answer:
B) Convergent infinite geometric series sum to a single value
Step-by-step explanation:
An infinite geometric series of the form converges if , so the summation of the series will result in a single value if that is true.
This is exponential decay which can be expressed as:
y=ab^t, y=final value, a=initial value, b=rate, t=time
In this case a=25000, r=(100-20)/100=0.8 so
y=25000(0.8^t), so in 4.5 years...
y=25000(0.8^4.5)
y≈$9158.93 (to nearest cent)