Marie Josee makes famous custom shirts that are sold all over the world from Canada. She wants to make sure her revenue (sales price) for the shirts is equivalent to $45 CAD in every country. What should be the sales price for the shirts in the following countries? (hint: convert to the local currency!)
1. European Union
2. Japan
3. Australia
4. Without considering any other costs (shipping, taxes, tariffs, etc…), which country would it be the best market for Mariee Josee’s shirts? Which one gives her the most revenue? Explain your answer.

Answers

Answer 1

The sales price for the shirts in different countries are the following

Country. Price of shirt

European Union , 62.469 EURJapan , 0.477 JPYAustralia, 41.913 AUD

4. European Union, is the best market for Mariee Josee’s shirts and this country also gives her most revenue.

We have given that,

Marie Josee makes famous custom shirts and sold it in Canada. The currency of Canada , CAD.

The price of shirt = $45 CAD

Now, we should find out the price of shirt in different countries.

Country Currency

Canada CAD

European Union EUR

Japan JPY

Australia AUD

1. one CAD = 1.3882 EUR

=> price of shirt in European Union = 45× 1.3882

= 62.469 EUR

2. one CAD = 0.0106 JPY

=> price of shirt in Japan = 45× 0.0106 =0.477 JPY

3. one CAD = 0.9314 AUD

=> price of shirt in Australia = 45× 0.9314

= 41.913 AUD

4. The country Currency which gives highest price of shirt in above list is better option for selling it. So, we see that the European Union country would it be the best market for Mariee Josee’s shirts. It gives best selling price for shirt

i.e 62.469 EUR.

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Related Questions

What is the value of the missing exponent in the equation 7.4 ÷ 10□ = 0.074?
either 1
or 2
or 3
or 0

Answers

Answer:

The result is 0.074 ÷ 1000 = 0.00074, which means that 10□ = 1000, so the value of the missing exponent is 3.

Step-by-step explanation:

My question is what is the answer to this question when
7p+5 when p=12

Answers

Answer:89

Step-by-step explanation:math

Answer:89

Step-by-step explanation:7p+5

This means 7 *p+5

Where we see the p we put in 12

We get 7*12+5=89

Which equation represents the line that passes through points (0, 6) and (2, 0)?
O y=-x+2
O y=-x+6
X+
Oy=-3x+2
O y=-3x+6

Answers

The answer is y=-3x+6

What’s the difference between solving a whole number and a fraction?

There’s these two methods I saw but not sure when I should use them when I do stumble on a problem.

1 method: start by multiply the numerator towards the whole number and once u do then divide the numerator and denominator separately.

2 method: start by giving the whole number a 1 of the denominator and find the lCD of the fraction and start finishing the problem from either adding or subtracting.

Answers

Answer:

hey

Step-by-step explanation:

Determine the surface area of the cylinder. (Use π = 3.14)

net of a cylinder where radius of base is labeled 5 inches and a rectangle with a height labeled 4 inches

157 in2
219.8 in2
282.6 in2
314 in2

Answers

Answer:

282.6in^2

Step-by-step explanation:

Surface area of a cylinder = 2πrh+2πr^2

plugging in r=5 and h=4 gives

2π20+2π25

40π+50π = 90π

90*3.14=282.6in^2

The profit, p(x), that Rivka’s Delivery Service makes from delivering packages between local businesses is P(x), where x is the number of $0.10 price increases for each delivery. Use the graph below to answer the question.

Answers

2.5 price hikes are often required to optimize profit.

How do you calculate the cost per unit?

To get the unit price of an item, we divide the price of a specific number of units by the number of units. If 12 ounces of soup cost $2.40, for instance, divide $2.40 by 12 ounces to get the unit price of soup, which is $0.20 per ounce.

x = the number of price hikes

y = Earnings

Additionally from the query, we have

starts at (0, 50)

expands to (2.5, 81.25)

Reduce through (6.531, 0)

It follows that

the most is (2.5, 81.25)

Remember that

x = the number of price hikes

Thus, we have

x = 2.5

Hence, the number of price increases is 2.5

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Sunil drove 63.9823 km to visit his grandmother. When he reached his grandmother's house he noticed that the car had used up 3.31 litre of petrol. How many km can the car go in 1 litre?

Answers

The km per liter based on the information that Sunil can drive is 19.33 km.

How to illustrate the expression?

An expression simply refers to the mathematical statements which have at least two terms which are related by an operator and contain either numbers, variables, or both.

In this case, Sunil drove 63.9823 km to visit his grandmother. When he reached his grandmother's house he noticed that the car had used up 3.31 litre of petrol.

Therefore, the km per liter will be:

= 63.9823 / 3.31

= 19.33 km per liters

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Use algebraic rules of equations to predict the solution type to the system of equations

Answers

The solution type to the system is one solution or consistent system

How to predict the solution type to the system?

From the question, we have the following parameters that can be used in our computation:

f(x) = [x + y = 4

        [y = 2x - 1

Substitute y = 2x - 1 in the equation x + y= 4

So, we have the following representation

x + 2x - 1 = 4

Evaluate the like terms

3x = 5

So, we have

x = 5/3

Substitute x = 5/3 in y = 2x - 1

So, we have the following representation

y = 2 * 5/3 - 1

Evaluate

y = 2.33

Because x and y have real values

Then, the solution type is a consistent system

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Hello I have to find the perimeter.

Answers

Answer:

10/3 mile

Step-by-step explanation:

perimeter = 4 × side

perimeter = 4 × 5/6 mile

perimeter = 20/6 mile

perimeter = 10/3 mile

May someone help me with this.

Answers

Step-by-step explanation:

since I don't see the options, I can only tell you what it is supposed to be and you need to pick the best fitting option :

the score of the test is simply

the number of correctly answered questions times 3 (as every correctly answered question is with 3 points).

the equation is therefore

y = R(x) = 3x

the independent variable x represents the number of correctly answered questions,

and the dependent variable is y, the test score, because the test score depends on the number of correctly answered questions.

so,

R(25) = 3×25 = 75, meaning 25 correctly answered questions × 3 results in the score of 75.

Hi, I need help with this. Thank you.

Answers

1. The solution to the quadratic equation, x² - 14x + 49 = 40, is x = 13.32 and x = 0.68

2. The solution to the quadratic equation, x² - x = 12, is x = -3 and x = 4

3. i. The factors of 2x² - 15x - 8 = 0 are (2x +1) and (x - 8)

ii. The x-intercepts of 2x² - 15x - 8 = 0 are x = -1/2 and x = 8

Solving Quadratic equations

From the question, we are to solve the given quadratic equation by completing the square.

The given equation is

x² - 14x + 49 = 40

Solving the equation

x² - 14x + 49 = 40

x² - 14x = 40 - 49

x² - 14x = -9

Multiply the coefficient of x by 1/2 square and add to both sides

x² - 14x + (-7)² = -9 + (-7)²

(x - 7)² = -9 + 49

(x - 7)² = 40

x - 7 = ±√40

x = 7 ± √40

x = 7 ± 6.32

x = 7 + 6.32 OR 7 - 6.32

x = 13.32 OR 0.68

Solving x² - x = 12 by factoring

x² - x = 12

x² - x - 12 = 0

x² -4x + 3x - 12 = 0

x(x - 4) + 3(x - 4) = 0

(x + 3)(x - 4) = 0

x + 3 = 0 OR x - 4 = 0

x = -3 OR x = 4

Determining the factors of 2x² - 15x - 8 = 0

2x² - 15x - 8 = 0

2x² - 16x + x - 8 = 0

2x(x - 8) + 1(x - 8) = 0

(2x + 1)(x - 8) = 0

The factors are (2x +1) and (x - 8)

Determining the x-intercepts

(2x + 1)(x - 8) = 0

2x + 1 = 0 and x - 8 = 0

2x = -1 and x = 8

x = -1/2 and x = 8

Hence, the x-intercepts are -1/2 and 8

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Select all of the following equations that are true when 3.27 is used. Use number sense to help.
□ ÷ 1,000 = 0.0327
□ ÷ 102 = 0.327
□ ÷ 1 = 3.27
□ ÷ 10 = 0.327
□ ÷ 100 = 3.27

Answers

Answer:

The following equations are true when 3.27 is used:

÷ 1,000 = 0.0327

÷ 10 = 0.327

÷ 100 = 3.27

Note that the equations ÷ 102 and ÷ 1 are not true when 3.27 is used. The equation ÷ 102 is not true because 102 is not a multiple of 1,000, so dividing 3.27 by 102 will not result in a value that is close to 0. The equation ÷ 1 is not true because it is simply stating that 3.27 divided by 1 is equal to 3.27, which is true but not very interesting or useful.

48 es un número irracional

Answers

no 48 es un numero irracional

¿Qué es un número irracional?

Cualquier número real que no se puede escribir como el cociente de dos números enteros, p/q, donde p y q son ambos números enteros, se denomina número irracional. Por ejemplo, la raíz cuadrada de 2 no se puede expresar como un número entero o una fracción.

Explicación detallada:

48 se puede expresar como [tex]\frac{48}{1}[/tex] aquí se puede ver que la forma p/q está presente. Entonces es un número racional.

no 48 es un numero irracional.

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48 is not an irrational number

What is an irrational number?

Any real number that cannot be written as the quotient of two integers, p/q, where p and q are both integers, is called an irrational number. For example, the square root of 2 cannot be expressed as a whole number or a fraction.

Calculation:

48 can be expressed as  [tex]\frac{48}{1}[/tex] here you can see that the p/q form is present. So it is a rational number.

48 is not an irrational number.

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A circular field has a diameter of 60 m. So Andi ran around the area 3 times. Then the distance traveled by Andi is .... meters.

Answers

Answer:

565.2 m

------------------------------

One full circle is:

C = πdC = 3.14*60 m = 188.4 m

Three times the same distance:

188.4 m * 3 = 565.2 m

Answer:

Distance travelled = 565.2 m

Step-by-step explanation:

Formula of circumference,

→ C = 2πr = π × d

The circumference of circle is,

→ π × d

→ (22/7) × 60

→ 1320/7

→ 188.4

Distance traveled after 3 rounds,

→ C × 3

→ 188.4 × 3

→ 565.2 m

Hence, Andi covered 565.2 m.

Which equation, when solved, results in a different value of x than the other three?

Answers

Equation of option (d) is having different value of x than other 3 equations.

So, option (d) is correct option.

How to solve equation?Write down the problem.Remember the order of operations: DMAS, which stands for Multiplication/Division, and Addition/SubtractionDo the multiplication.Do the addition and subtraction.Keep the variable at L.H.S and alone.To do this, just divide both sides of the equation by coefficient of x to find x.

Solving equations

(a) (-7/8)x-(3/4)=20

adding 3/4  on both sides, we get

(-7/8)x = 20+(3/4)

multiplying (-8/7) on both sides, we get

x = -23.71

(b)  (7/8)x+(3/4)=-20

subtracting 3/4  on both sides, we get

(7/8)x = -20-(3/4)

multiplying (8/7) on both sides, we get

x = -23.71

(c) 7(-1/8)x-(3/4)=20

adding 3/4 on both sides, we get

(-7/8)x = +20+(3/4)

multiplying (-8/7) on both sides, we get

x = -23.71

(d) (-7/8)×(-8/7)x-(3/4)=20×(-8/7)

⇒ x-(3/4) = -22.85

adding 3/4 on both sides, we get

x = -22.85+(3/4)

x = -22.10

So equation in option (d) has different value of x than all other equation.

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you have 84 feet of fencing to enclose a rectangular plot that borders on a river. if you do not fence the side along the river, fidn the length and width of the plot that will maximise the area

Answers

Therefore the the length =21 and width =42 of the plot that will maximise the area is 882 [tex]ft^{2}[/tex] .

What is area?

A region's size on a planar or curved surface can be expressed mathematically as its area. The term "surface area" refers to the area of a surface or the border of a three-dimensional object, whereas the term "plane area" refers to the area of a shape or planar lamina.

Here,

Here, take note that the shape is still a rectangle and the fencing is still 84 feet long.

As a result, the area is equal to xy and the sum of the sides NOT along the river is 84.

Thus, 2x + y = 84 and A = xy are the two equations.

We must find A as a function of x or y to determine the area with the largest value. My recommendation is to solve the first equation for y and substitute that value into the second equation.

A(x) = x and y = 84 - 2x (84-2x)

Currently, we must maximize A(x) = 84x - 2.

Recall that if we determine the vertex's x value by substituting, x = -b/(2a), we may find the vertex's y value.

Therefore, x = -84/(-4) = 21 ft because a = -2 and b = 84. If x = 21, y = 84 - 2(21) = 42

Thus, the dimensions are 21 by 42, and the maximum size is 21 by 42, or 882 square feet.

Therefore the the length =21 and width =42 of the plot that will maximise the area is 882 [tex]ft^{2}[/tex] .


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Anna has 7,209 cans of soup that need to be boxed. If she puts 9 cans of soup in 1 box, how many boxes will she need.


Answers

Answer:

Anna needs 801 boxes.

Step-by-step explanation:

You need to know how many groups of 9 are in 7209.

Use division to find this answer.

7209 ÷ 9 = 801

Anna needs 801 boxes.

suppose the relative risk of an outcome given exposure versus non-exposure is unity. determine the percent increased risk rounded to the nearest hundredth of a percent.

Answers

The percentage of higher risk is unaffected by exposure as relative risk in unity.

In order to determine the strength of the relationship between exposures (treatments or risk factors) and outcomes, relative risk is employed in the statistical analysis of data from ecological, cohort, medical, and intervention studies. For instance, in a study looking at how the drug apixaban affected the occurrence of thromboembolism, 8.8% of patients receiving a placebo developed the condition, whereas only 1.7% of patients receiving the medication did. This means that the relative risk is.19 (1.7/8.8), meaning that patients receiving apixaban had 19% the disease risk of patients receiving a placebo. [4] In this instance, apixaban lowers the probability of disease, making it a protective rather than a risk factor.

Values of relative risk can be understood as long as the relationship between the exposure and the result is assumed to be causal.

RR = 1 denotes that the outcome is unaffected by exposure.

When the risk of the outcome is less than 1, this is referred to as a "protective factor."

RR > 1 indicates that the exposure, a "risk factor," has an effect on the outcome's risk.

Therefore, the percentage of higher risk is unaffected by exposure as relative risk in unity.

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Enola wants to invest $8,600.00 in a savings account that pays 5.1% simple interest.

How many years will it take for this investment to triple in value?

Round your answer to the nearest tenth of a year.
years for this investment to triple in value.

It will take _____ years for this investment to triple in value.

Answers

Step-by-step explanation:

To find the number of years it will take for Enola's investment to triple in value, we can use the formula for simple interest:

I = P * r * t

where I is the total interest earned, P is the principal (the initial amount invested), r is the interest rate, and t is the number of years.

Since the investment will triple in value, the total interest earned will be equal to two times the initial investment, or 2 * $8,600.00 = $17,200.00. Substituting these values into the formula and solving for t, we get:

$17,200.00 = $8,600.00 * 5.1% * t

t = $17,200.00 / ($8,600.00 * 5.1%) = 3.28 years

Rounding this value to the nearest tenth of a year, we get t = 3.3 years. Therefore, it will take approximately 3.3 years for Enola's investment to triple in value.

A store manager purchased a total of 15 pens and markers. Each pen cost $3.50, and each marker cost $1.75. If the manager spent a total of $38.50, how many pens did the store manager purchase?

Answers

The store manager purchases 7 pens which can be determined by the concept of equations.

What are equations?

According to question store manager purchased a total of 15 pens and markers. So, let us assume the total number of pens =x and the total number of markers = y

The above statement gives us the equation as follows:

x + y=15

The statement each pen cost $3.50, and each marker cost $1.75 and the manager spent a total of $38.50 gives us the equation as follows:

3.50x +1.75 y=38.50

By solving both the equation on multiplying first eq by 3.50 gives

3.50x+3.50y=52.5

Subtracting the above two equations gives

1.75y=14

y=8

Putting value of y in first equation gives x=7

As we had assumed that the total number of pens = x

Hence, the total number of pens =7

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Find the unit rate.
1. A sloth moves 10 feet in 2 hours. It moves
2. The car travels 165 miles in 3 hours. It travels
feet per hour.
3. There are 48 bottles of water in 4 cases. There are
4. Juice cost $3.60 for 12 ounces. It costs
miles per hour.
per ounce.
bottles per case.

Answers

Step-by-step explanation:

1.

10 ft in 2 hours = 10/2 / 1 hour = 5 ft/h

2.

165 miles in 3 hours = 165/3 / 1 hour = 55 m/h or mph

3.

48 bottles in 4 cases = 48/4 / 1 case = 12 bottles per case

4.

$3.60 for 12 oz = 3.6/12 / 1 oz = $0.30 per ounce

Of the 24 fast-food businesses on Valley Mills Drive, the number that have a drive-up window, outside seating, or a pay telephone is summarized as follows:
18 have a drive-up window.
17 have outside seating.
8 have pay telephones.
12 have a drive-up window and outside seating.
6 have outside seating and a pay telephone.
5 have a drive-up window and a pay telephone.
4 have all three.
Find the number of businesses that have the following.
(a) a drive-up window and no outside seating
(b) a drive-up window and outside seating, but no pay telephone
(c) no pay telephone
(d) only a drive-up window
(e) outside seating or a pay telephone

Answers

By using a Venn diagram, we can conclude that:

a. 10 businesses have a drive-up window and no outside seating

b. 4 Businesses have a drive-up window and outside seating, but no pay telephone

c. 20 businesses have no pay telephone

d. 9 businesses have only a drive-up window

e. 8 businesses have outside seating or a pay telephone

A Venn diagram is a diagram consisting of overlapping circles to illustrate the logical relationship between two or more sets of items.

In the question, there are 3 sets of criteria that describe the condition of the fast-food businesses in Valley Mills Drive: whether or not there is a drive-up window, outside seating, or a pay telephone.

Let d denotes the number of businesses that have the three criteria.

If a denotes the number of businesses that have drive-up window and outside seating only, then:

drive-up window and outside seating = a + d

                                                           12 = a + 4

                                                             a = 8

If b denotes the number of businesses that have outside seating and a pay telephone only, then:

outside seating and a pay telephone = b + d

                                                           6 = b + 4

                                                            b = 2

If c denotes the number of businesses that have drive-up window and a pay telephone only, then:

drive-up window and a pay telephone = c + d

                                                             5 = c + 4

                                                              c = 1

If x denotes the number of businesses that have drive-up window only, then:

have a drive-up window = a + c + d + x

                                    18 = 4 + 1 + 4 + x

                                    18 = 9 + x

                                      x = 9

If y denotes the number of businesses that have outside seating only, then:

have outside seating = a + b + d + y

                                17 = 4 + 2 + 4 + y

                                17 = 10 + y

                                  y = 7

If z denotes the number of businesses that have pay telephone only, then:

Have pay telephone = b + c + d + z

                               8 = 2 + 1 + 4 + z

                               8 = 7 + z

                                z = 1

Then we can draw a Venn diagram to illustrate those numbers to get a better illustration in answering the questions.

a. a drive-up window and no outside seating = c + x = 1 + 9 = 10

b. a drive-up window and outside seating, but no pay telephone = a = 4

c. no pay telephone = x + y + a = 9 + 7 + 4 = 20

d. only a drive-up window = x = 9

e. outside seating or a pay telephone = y + z = 7 + 1 = 8

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What is f(2) for the function f(x)=6x+8​?

Answers

Answer: 20

Step-by-step explanation:

x = 2

6(2)+8 = 20

Answer: 20

Step-by-step explanation:

f(2)= 6(2)+8

=20

 plug in x with 2

A. (f•g)(x)
B. (f•g)(-3)
f(x) = x^2+3x-2
g(x)= x-2

Answers

Answer: A. x^3 +x^2-8x+4 B. 10

Step-by-step explanation: (f•g)(x) is the same as f(x) • g(x)

A. (x^2+3x-2) • (x-2) = (x^3+3x^2-2x) -(2x^2+6x-4) -> x^3 +x^2-8x+4

B. plug in -3 for x -> (-3)^3 + (-3)^2 -8(-3) + 4 -> 10

2. JOY leather, a manufacturer of leather Products, makes three types of belts A, B and C which are processed on three machines M1, M2 and M3. Belt A requires 2 hours on machine (M1) and 3 hours on machine (M2) and 2 hours on machine (M3). Belt B requires 3 hours on machine (M1), 2 hours on machine (M2) and 2 hour on machine (M3) and Belt C requires 5 hours on machine (M2) and 4 hours on machine (M3). There are 8 hours of time per day available on machine M1, 10 hours of time per day available on machine M2 and 15 hours of time per day available on machine M3. The profit gained from belt A is birr 3.00 per unit, from Belt B is birr 5.00 per unit, from belt C is birr 4.00 per unit. What should be the daily production of each type of belt so that the profit is maximum?
a) Formulate the problem as LPM
b) Solve the LPM using simplex algorithm.
c) Interpret the shadow prices

Answers

The number of belts produced must be positive: X1, X2, X3 >= 0

The shadow price of a constraint can be understand as the change in the objective function value for a unit change in the right-hand side (RHS) value of the constraint, with all other variables held constant.

What are constraints?

A constraint is a condition of an optimization problem that should be satisfied the condition.

Here we can formulate this problem as a linear programming model (LPM):

Consider X1 be the number of belt A produced per day

Let X2 be the number of belt B produced per day

Let X3 be the number of belt C produced per day

The objective function is to maximize the profit, that is;

3X1 + 5X2 + 4X3.

The constraints are as follows:

The time spent on machine M1 must be less than or equal to 8 hours per day then;

2X1 + 3X2 <= 8

The time spent on machine M2 must be less than or equal to 10 hours per day then;

3X1 + 2X2 + 5X3 <= 10

The time spent on machine M3 must be less than or equal to 15 hours per day then we have

2X1 + 2X2 + 4X3 <= 15

Thus number of belts produced must be positive:

X1, X2, X3 >= 0

To solve this LPM using the simplex algorithm, you can follow these steps:

w In standard form, the objective function is to minimize the cost, and all constraints are in the form of "less than or equal to" a certain value.

The pivot row is the row that corresponds to the smallest positive ratio between the right-hand side (RHS) value and the corresponding pivot column element the constraint 2X1 + 3X2 ≤ 8.

Now Interpret the shadow prices.

The shadow price of a constraint can be understand as the change in the objective function value for a unit change in the right-hand side (RHS) value of the constraint, with all other variables held constant.

It can help to understand the value of the constraints in the LPM and how they contribute to the optimal solution.

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Look at the diagram
Complete the following sentences.
Angle e= Angle , as they are alternate angles.
Angle f= Angle , as they are alternate angles.
Angles a, b and c add up to °, as they are on a straight line.
Therefore, angles e, f and b also add up to

Answers

Answer:

Angle e = Angle a, as they are alternate angles.

Angle f = Angle c, as they are alternate angles.

Angles a, b, and c add up to 180°, as they are on a straight line.

Therefore, angles e, f and b also add up to 180°.

write the quadratic equation y=x2-6x+7 in vertex form. y=

Answers

where
(
h
,
k
)
are the coordinates of the vertex and a

is a multiplier
given the parabola in
standard form
;
y
=
a
x
2
+
b
x
+
c
then the x-coordinate of the vertex is

x
x
vertex
=

b
2
a
y
=
x
2

6
x
+
7
is in standard form
with
a
=
1
,
b
=

6
and
c
=
7
x
vertex
=


6
2
=
3
substitute this value into the equation for y
y
vertex
=
9

18
+
7
=

2
(
h
,
k
)
=
(
3
,

2
)
y
=
(
x

3
)
2

2

in vertex form
The equation in vertex form is y = -4x + 7.

Does the graph represent a proportional relationship?

graph with a line from 0 comma 0 and going through 10 comma 2

No, it is not proportional because the line does not go through (0, 0).
No, it is not proportional because the graph is curved.
Yes, it is proportional because it is a line that goes through (0, 0).
Yes, it is proportional because the x-axis and y-axis are numbered correctly.
pls help

Answers

Answer:

Yes, it is proportional because it is a line that goes through (0, 0).

Step-by-step explanation:

Answer:

Yes, it is proportional because it is a line that goes through (0, 0).

Step-by-step explanation:

G(x) = 4x - 5, find g(3)

Answers

Answer:

7

Step-by-step explanation:

g(3)=4(3)-5

g(3)=12-5

g(3)=7

Answer:

g(3) = 7

Step-by-step explanation:

Given function:

[tex]g(x)=4x-5[/tex]

To find g(x3) substitute x = 3 into the function:

[tex]\begin{aligned}x=3 \implies g(3)&=4(3)-5\\&=12-5\\&=7\end{aligned}[/tex]

Therefore:

g(3) = 7

given the function that indicates the time it takes to double an investment compounded continiuosly at 6.35% then solve for t

Answers

10.9 years long will it take for $1000 to double at a 6.35% annual interest rate that is compounded every month.

Given that,

We have to find how long will it take for $1000 to double at a 6.35% annual interest rate that is compounded every month.

We know that,

P = $1000

r = 6.35% = 0.635

n=12

A = $2000

A = P(1+r/n[tex])^{nt}[/tex]

2000 = 1000(1+0.635/12[tex])^{12t}[/tex]

2= (1+0.635/12[tex])^{12t}[/tex]

log2= log(1+0.635/12[tex])^{12t}[/tex]

log2= 12t×log(1+0.635/12)

t=log2/12×log(1+0.635/12)

t≈10.9 years.

Therefore, 10.9 years long will it take for $1000 to double at a 6.35% annual interest rate that is compounded every month.

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