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PilotLPTM [1.2K]
2 years ago
7

If you borrow $700 for 5 years at

Mathematics
1 answer:
ratelena [41]2 years ago
5 0

Answer:

its 945 or 982

Step-by-step explanation:

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Type the correct answer in the box. Round your answer to the hundredth.
sesenic [268]

Answer:

Approximately 22.97 years

Step-by-step explanation:

Use the equation for continuously compounded interest, which uses the exponential base "e":

A=P e^{k*t}

Where P is the principal (initial amount of the deposit - unknown in our case)

A is the accrued value (value accumulated after interest is compounded), in our case it is not a given value but we know that it triples the original deposit (principal) so we write it as: 3 P (three times the principal)

k is the interest rate : 5% which translates into 0.05

and t is the time in the savings account to triple its value (what we need to find)

The formula becomes:

3P = P e^{0.05 * t}

To solve for "t" we divide both sides of the equation by P (notice it cancels P everywhere), and then to solve for the exponent "t" we use the natural logarithm function:

\frac{3P}{P} = \frac{P}{P}  e^{0.05 * t}

3 = e^{0.05 * t}

ln(3) = 0.05 * t

t = \frac{ln(3)}{0.05} = 21.972245... years

6 0
3 years ago
Square tablecloth has a perimeter of 12 feet what is the area of the tablecloth
Marizza181 [45]
To find the area of a square, do base times height.

If it is a square then all the sides are equal. Take 12 and divide it by 4 to find out that each side is 4 feet.

Base-4
Height-4

(4)(4)=16

6 0
3 years ago
Find the sum or difference. 8 1/6 + 7 3/8
Lilit [14]
15 13/24 or in decimal form 15.5416
4 0
3 years ago
Read 2 more answers
Which linear function represents the line given by the point slope equation<br> y + 1 = -3 (x - 5)
Igoryamba

Answer:

Slope=−

2.000

6.000

​

=−3.000

x−intercept=

3

14

​

=4.66667

y−intercept=

1

14

​

=14.00000

Step-by-step explanation:

Please mark brainliest:)

5 0
3 years ago
One of Tyler’s chores is to feed the chickens. Two bags of chicken feed will last 5 days. How many days will 8 bags of chicken f
aleksley [76]

Answer:

20days

Step-by-step explanation:

1 bag feed : 5/2 = 2.5 days

8 bags feed : 2.5*8 = 20 days

5 0
3 years ago
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