Answer: 64 years
Step-by-step explanation:
Let assume the dealer sold the bottle now for $P, then invested that money at 5% interest. The return would be:
R1 = P(1.05)^t,
This means that after t years, the dealer would have the total amount of:
$P×1.05^t.
If the dealer prefer to wait for t years from now to sell the bottle of wine, then he will get the return of:
R2 = $P(1 + 20).
The value of t which will make both returns equal, will be;
R1 = R2.
P×1.05^t = P(1+20)
P will cancel out
1.05^t = 21
Log both sides
Log1.05^t = Log21
tLog1.05 = Log21
t = Log21/Log1.05
t = 64 years
The best time to sell the wine is therefore 64years from now.
Before I answer the question i am going to start with the blue Marble you would have a 1/8 chance of drawing the blue marble from the box and after that you would have a 3/7 of drawing a white marble because you did not replace the blue marble and I hope this help.
Answer:
thy should sell it for $235.2 because in the shop they sell everything for 60% the original price for which they bought it
Step-by-step explanation:
Well what I would do is split the 40% into 20% so from 40% to 20% that is /2. So 32/2=16 so 20% of a number is 16, we know there is 5, 20% in 100% so multiply 16 and 5 which gives you 80. Now 25% of 80 is the same as 80*.25 or 80/4 which is 20
Your Answer 20
