Answer:
(a) The future value after 9 years is $7142.49.
(b) The effective rate is 
.
(c) The time to reach $13,000 is 21.88 years.
Step-by-step explanation:
The definition of Continuous Compounding is
If a deposit of 
dollars is invested at a rate of interest 
compounded continuously for 
years, the compound amount is
(a) From the information given
Applying the above formula we get that
The future value after 9 years is $7142.49.
(b) The effective rate is given by
Therefore,
(c) To find the time to reach $13,000, we must solve the equation
9514 1404 393
Answer:
y = 2200(1.08^t)
Step-by-step explanation:
The interest earned the first year is ...
(2376 -2200)/2200 = 0.08 = 8%
The balances the remaining years are consistent with that interest being compounded annually. An appropriate function is ...
y = 2200(1.08^t)
_____
The compound interest formula is ...
A = P(1 +r/n)^(nt) . . . . principal P earning rate r compounded n times per year for t years
Answer: y= 3x+2
Step-by-step explanation:
because....
The slope-intercept form is y= mx +b, where m is the slope and b is the y-intercept.Use the slope 3 and a given point (1,5) to substitute for and in the point-slope form .
y-(5)= 3*(x-(1))
After simplifying it,
the equation is going to be y= 3x+2.
* Hopefully this helps:) Mark me the branliest!
The trapezoid's area is 126 inch².
Step-by-step explanation:
Step 1:
The trapezoid's area is calculated by averaging the base lengths and multiplying it with the trapezoid's height.
The trapezoid's area, 
.
Here 
is the lower base and 
is the upper base, height is h.
Step 2:
In the given diagram,
inches and 
inches and h = 9 inches.
inch².
So the given trapezoid's area is 126 inch².
