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yawa3891
2 months ago
11

Parcel of land is sold for 163000, it appreciates at 14% compounded per year. Seller keeps it for 7 years. How much would the se

ller pay for it?
Mathematics
1 answer:
tester [12.3K]2 months ago
7 0

Answer: $434, 306.4

Step-by-step explanation:

From the information provided,

P= $163,000

R= 14% ; 14/100= 0.14

T=7 years

Using the formula,

A= Pr e^t

A= 163000*e^(0.14*7)

= 163000*e^(0.98)

= $434,306.4

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Honestly, I find Mrs. Garcia's method easier to perform mentally. It hinges on how familiar you are with your multiples of 5. (5*15 = 75 is a multiplication I often use)

Melissa's approach involves calculating 5*20 = 100 and 5*9 = 45, then combines the 3-digit result 100 with the 2-digit result 45, yielding 145. Adding 45 to 00 is simple and doesn’t require carrying digits, thus the arithmetic is fairly straightforward.

Mrs. Garcia's technique involves computing 5*14 = 70 and 5*15 = 75, then summing these two-digit results. Many people may not readily recall that 5*15=75, which complicates forming that product. The addition of 70 and 75 requires a carrying operation, making the math somewhat more complex. The resulting total is 145.

(The rationale behind my preference for Mrs. Garcia's method is that I can achieve the final sum by simply doubling 7 tens, followed by adding 5. The only 3-digit number to remember mentally is the ultimate total.)

_____Subtraction introduces a slight complication, yet reshaping it as $5(30 -1) = $150 - 5 = $145 is possible.
Or, you may reframe it as $5(28 +1) = $140 +5 = $145.
Dividing an even number by 2 to find the product of 5 is straightforward when you append a zero.
  5*14 = 10*7 = 70
  5*28 = 10*14 = 140.
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26 days ago
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Step-by-step explanation:

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1 month ago
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The weight of an orangutan is 64.5 kilograms

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\text{1 pound } = \frac{1}{2.2} \text{ kilograms }

As a result, 142 pounds translates to

142 \text{ pound } = \frac{1}{2.2} \times 142 \text{ kilogrmas }

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