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stich3 [128]
1 year ago
13

Dale has $1,000 to invest. He has a goal to have $2,600 in this investment in 8 years. At what annual rate compounded continuous

ly will Dale reach his goal?​
Mathematics
1 answer:
ValentinkaMS [17]1 year ago
4 0

Answer:

11.94 %

Step-by-step explanation:

Compound interest formula     FV = PV e^(it)    i = decimal interest per year  

                                                                             t = time   FV = future value

2600 = 1000e^(i * 8)

  solve for i = 11.94 %

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12345 [234]

System of Linear Equations entered :

[1] y - 2x/3 = -1

[2] y + x = 4

// To remove fractions, multiply equations by their respective LCD

Multiply equation [1] by 3

// Equations now take the shape:

[1] 3y - 2x = -3

[2] y + x = 4

Graphic Representation of the Equations :

-2x + 3y = -3 x + y = 4

Solve by Substitution :

// Solve equation [2] for the variable x

[2] x = -y + 4

// Plug this in for variable x in equation [1]

[1] 3y - 2•(-y +4) = -3

[1] 5y = 5

// Solve equation [1] for the variable y

[1] 5y = 5

[1] y = 1

// By now we know this much :

y = 1

x = -y+4

// Use the y value to solve for x

x = -(1)+4 = 3

I hope this help you

8 0
3 years ago
Pam received $125 for graduation and spend $8 of it a week. How many weeks can she do this
Vinvika [58]

Answer:

13 weeks

Step-by-step explanation:

8×13=104

125-104=21$

5 0
3 years ago
There were 8 finalists in the Atlantic County spelling bee and 12 finalists in the Ocean County spelling bee. If one finalist fr
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4 0
2 years ago
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X2 +2x -15 factories using the ac method
jeka57 [31]

Answer:

Step-by-step explanation:

3 0
2 years ago
An algebra class has 16 students and 16 desks. For the sake of variety, students change the seating arrangement each day. How ma
sineoko [7]

Answer: a) 2092278989 b) 576, c) \dfrac{576}{2092278989}

Step-by-step explanation:

Since we have given that

Number of students = 16

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c) How many seating arrangements are there that put Larry, Moe, Curly, and Shemp in the front seats?

\dfrac{576}{2092278989}

Hence, a) 2092278989 b) 576, c) \dfrac{576}{2092278989}

6 0
3 years ago
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