Answer:430,000
Step-by-step explanation:
Type it into your calculator and you get that number
Your slope of this graph is: 4/3x
Answer:
3.045%.
Step-by-step explanation:
We are asked to find the corresponding effective interest rate for 3% per year compounded continuously.
We will use effective interest formula to solve our given problem.
, where,
r = Effective interest rate,
e = Mathematical constant,
r = Interest rate in decimal form.
Let us convert given interest rate in decimal form.
![3\%=\frac{3}{100}=0.03](https://tex.z-dn.net/?f=3%5C%25%3D%5Cfrac%7B3%7D%7B100%7D%3D0.03)
Substitute values:
![r=e^{0.03}-1](https://tex.z-dn.net/?f=r%3De%5E%7B0.03%7D-1)
![r=1.030454533953517-1](https://tex.z-dn.net/?f=r%3D1.030454533953517-1)
![r=0.030454533953517](https://tex.z-dn.net/?f=r%3D0.030454533953517)
![r\approx 0.03045](https://tex.z-dn.net/?f=r%5Capprox%200.03045)
Convert into percentage:
![0.03045\times 100\%=3.045\%](https://tex.z-dn.net/?f=0.03045%5Ctimes%20100%5C%25%3D3.045%5C%25)
Therefore, the corresponding interest rate would be 3.045%.
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Answer:
6x+9x
Step-by-step explanation: