subject
Mathematics, 14.04.2020 18:46 frisha

Eric made two investments:

•Investment Q\text{Q}Qstart text, Q, end text has a value of $500\$500$500dollar sign, 500 at the end of the first year and increases by $45\$45$45dollar sign, 45 per year.
•Investment R\text{R}Rstart text, R, end text has a value of $400\$400$400dollar sign, 400 at the end of the first year and increases by 10%10\%10%10, percent per year.

Eric checks the value of his investments once a year, at the end of the year.

What is the first year in which Eric sees that investment R\text{R}Rstart text, R, end text's value exceeded investment Q\text{Q}Qstart text, Q, end text's value?

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 19:50
The probability that a student graduating from suburban state university has student loans to pay off after graduation is .60. if two students are randomly selected from this university, what is the probability that neither of them has student loans to pay off after graduation?
Answers: 2
question
Mathematics, 22.06.2019 01:00
Calculate the total payback for a $3,500 loan at 8% annual interest with monthly payments for two years. show all of your steps. use the formula, m = pm(1 + m)^na/(1 + m)^na - 1, as needed.
Answers: 1
question
Mathematics, 22.06.2019 01:00
Michael split a rope that was 28 inches long into 5 equal parts. brenden split a rope that was 30 inches long into 6 equal parts. which boy's rope was cut into longer pieces?
Answers: 1
question
Mathematics, 22.06.2019 01:30
Find the circumference of a pizza with a diameter of 10 inches round to the nearest tenth
Answers: 1
You know the right answer?
Eric made two investments:

•Investment Q\text{Q}Qstart text, Q, end text has a value of...
Questions
question
Mathematics, 03.03.2021 21:20
question
Mathematics, 03.03.2021 21:20
question
Mathematics, 03.03.2021 21:20
question
Mathematics, 03.03.2021 21:20
Questions on the website: 13722367