Answer:
150
Step-by-step explanation:
Answer: x=4 and y= 3
Step-by-step explanation: Solve for the first variable in one of the equations, then substitute the result into the other equation
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


(3,9)(5,15)
slope = (15 - 9) / (5 - 3) = 6/2 = 3
y = mx + b
slope(m) = 3
(3,9)...x = 3 and y = 9
sub and find b, the y int
9 = 3(3) + b
9 = 9 + b
9 - 9 = b
0 = b
so ur equation is : y = 3x + 0....can be written as y = 3x.
after 12 months...
y = 3x...x = 12
y = 3(12)
y = 36 inches