Mathematics, 03.12.2021 18:00 queeneaf
The value of an asset, currently priced at £250,000, is expected to increase by 12% a year.
(i) Find its value in ten years time.
(ii) After how many years will it be worth at least 1.25 million pounds?
(iii) A firm’s turnover y, measured in millions of pounds, after t years is given by
y = 8e ^0.09t
Answers: 1
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The value of an asset, currently priced at £250,000, is expected to increase by 12% a year.
(i) Fi...
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