Kim purchased a property for $205,000. assuming that its value will appreciate 4% per year, how much will the condo be worth in 6 years? how long will it take the value to double?

in 17.66 years  amount will be double

Step-by-step explanation:

given data

amount = $205000

rater = 4 %

time = 6 year

to find out

How long will it take the value to double

solution

let us consider after t time amount will be double

so we apply here formula

amount = principal ( 1 + r )^t

if amount is double

2 principal = principal (1 + 0.04)^t

2 = (1.04)^t

take log both side

log 2 = t log(1.04)

t = log2 / log1.04

t = 17.672988

so in 17.66 years  amount will be double

Step-by-step explanation:

1]Competitive art used to be in the Olympics.

painter artist

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Between 1912 and 1948, the Olympic Games awarded medals in sculpture, music, painting, and architecture, according to Smithsonian magazine. After a heated debate in the post-war years, the competitions were scrapped. John Copley of Britain won one of the final medals: At 73, he would be the oldest medalist in Olympic history if his silver, awarded for his 1948 engraving Polo Players, were still counted.