One of the world's experts in bubbles -- Prof. Robert Shiller, a Yale economist -- said Bitcoin "was an amazing example of a bubble" back in 2014. If you exchange fiat US dollar $100 to BTC in 2010, now in 2017 have value of 72.9 millions dollars. Find annual growth of value of bitcoin currency (BTC) against US Dollar. Make conclusion about steep exponenial growth.
Leave us a comment of example and its solution (i.e. if it is still somewhat unclear...):
Showing 1 comment:
on BTC now earn - exchanges, brokers, producers of miners, producer of electricity. Bitcoin network has enormous consumption of electricity, which all end user must pay...
To solve this example are needed these knowledge from mathematics:
Next similar examples:
- Profit gain
If 5% more is gained by selling an article for Rs. 350 than by selling it for Rs. 340, the cost of the article is:
The value of annual production enterprise is 7.1 million USD. The average annual growth rate is 1.5%. What will be value of production at the end of the fifth year?
- Theorem prove
We want to prove the sentense: If the natural number n is divisible by six, then n is divisible by three. From what assumption we started?
A bookstore purchased from a publisher the biography of a well-known politician for R15 per copy, but sales have been very poor. The manager has decided to mark the copies down to R12 each to make a quick sale. Calculate the loss on each book as a percenta
I borrow 25,000 to 6.9% p.a.. I pay 500 per month. How much will I pay and for how long?
- Combined interest
Combined interest: Carol has deposited CZK 100,000 in the bank with an annual interest rate of 1.5%. The money was put into the account 5.5.2016 and withdraw them all before Christmas 20.12.2016. How much money did she withdraw?
Shuyen wanted to save some money. She deposited Php.300 in a bank which pays 0.5% interest per annum. After nine months, she needed the money to buy some gifts. How much will she be able to get if he withdraws all her money from the bank?
- Account operations
My savings of php 90,000 in a bank earns 6% interest in a year. If i will deposit additional php 10,000 at the end of 6 months, how much money will be left if i withdraw php 25,000 after a year?
- Commission 2
Mr gomez sells used cellphones. His commission for every cellphone sold is 20%. If his total sales is Php 33850, how much is his commission? Please, please, please show your solution.
Three workers have shared a common reward 13110 CZK follows: first worker got 35% less than the second and third worker got 20% more than the second worker. How much got each worker?
- Dividing money
Thomas, Honza and Vasek are to divide 1220kč. Honza got 25% more than Thomas. Vasek 20% less than Thomas. How CZK each got?
- Annual pension
Calculate the amount of money generating an annual pension of EUR 1000, payable at the end of the year and for a period of 10 years, shall be inserted into the bank to account with an annual interest rate of 2%
If spends 25% of my net pay of $922.28 on entertainment. How much money is that?
Paul put 10000 in the bank for 6 years. Calculate how much you will have in the bank if he not pick earned interest or change deposit conditions. The annual interest rate is 3.5%, and the tax on interest is 10%.
- Washing mashine
Family buy a washing machine for 350e. Cash paid 280e. What percentage of the total price must still pay the washer?
- Selling price
Find the selling price. Cost to store: $50 Markup: 10%
Paul has a by half greater savings than half Stanley, but the same savings as Radek. Staney save 120 CZK less than Radek. What savings have 3 boys together?