If you invest $4000 at 9% interest compounded annually, in how many years will you have $20,000. give your answer the nearest tenth of year?

18.7 years

Step-by-step explanation:

This is a compound interest problem and the following variables have been given;

Principal = 4000; this is the amount o be invested

APR = 9%; this is the compound interest to be earned

Accumulated amount = 20,000

We are required to determine the duration in years. We apply the compound interest formula;

The next step is to introduce natural logarithms in order to determine n;

The number of years required is thus 18.7 years

to find the unit price, we must figure out the cost of one item (in this case one dish towel).   to do this, we divide the total price ($7.92) by the number of items bought (for this problem it is 8, because there are eight dish towels in one pack).  

$7.92/8 = $0.99

therefore, the unit price, or the price of one dish towel, is $0.99.

hope this !

rounding to the nearest thousandth would be 452,000