Math

A business finds that it has to increase its staff by 5% each year due to growth. After how many years would the size of their staff double?

  1. 👍
  2. 👎
  3. 👁
  1. 2 = (1 + .05)^y

    log(2) = y * log(1.05)

    1. 👍
    2. 👎

Respond to this Question

First Name

Your Response

Similar Questions

  1. PRINBMF A

    Handout for Assignment 1.1: The Business Environment Instructions: Complete the following activities and submit as directed by your instructor. 1. In a visual way, develop a timeline of the evolution of business in the United

  2. accounts

    a business leases a building for one year starting 1 october 2003. The rent is $24000 per year and business paid cash one year in advance on 1 october 2003. on dec. 31 2003 how much of that payment should be recorded as a rental

  3. ECO 550

    1) You have opened your own word-processing service. You bought a personal computer, and paid $5,000 for it. However, due to the cost changes in the computer industry, the current price of an equivalent machine is $2,500. You

  4. BUSINESS

    1. One of the main disadvantages of buying a franchise is that you may end up A. choosing a poor location. B. hiring a large staff. C. paying too much for operating costs. D. feeling like an employee. D? 2. After you open your new

  1. Business

    1. One of the main disadvantages of buying a franchise is that you may end up A. choosing a poor location. B. hiring a large staff. C. paying too much for operating costs. D. feeling like an employee. D? 2. After you open your new

  2. ecology

    Ten breeding pairs of rabbits are introduced onto an island having no natural predators and a good supply of water and food. What will most likely happen to the rabbit population? 1. It will decrease and then increase indefi-

  3. Social Studies

    Natural increase can be best defined as a. population growth that occurs due to people's desire to migrate to more desirable locations. b. population growth that occurs due to an increase in the birthrate.*** c. population growth

  4. math

    Sabrina’s boss state that she will increase Sabrina’s salary from $12,000 to $14,000 per year if she enrolls in business courses at a local community college. What percent increase in salary will result from Sabrina taking the

  1. accounting

    Presented below are three business transactions. For each transaction indicate whether there is an Increase, a Decrease or No Effect on the assets, the liabilities and the owner's equity. Assets Liabilities Owner's Equity (a)

  2. Social studies

    A 10 percent three-year wage increase is provided as a 2 percent increase in the first year, 3 percent in the second year, and 5 percent in the third year. This is an example of a ________ contract.

  3. Finance

    Abe is an entrepreneur who likes to be actively involved in his business ventures. He is going to invest $500,000 in a business that he projects will produce a tax loss of approximately $100,000 per year in the short run. However,

  4. political science

    when paid staff conduct most of the daily business of a group, that group is best described as a a) PAC b) free-rider group c) 527 committee d) staff organization e) lobbyist

You can view more similar questions or ask a new question.