Answer:
9/24
Step-by-step explanation:
3/8
24 ÷ 8 = 3
3 x 3 = 9
9/24
Check:
9/24 = 0.375
3/8 = 0.375
X= -5 ,y=10 : Z = 1.5
X= -6 ,y=2 : Z = -2.6 (goes on forever so put the line over the 6)
X= 6 ,y=2 : Z = 2.6 (again goes on forever so put the line over the 6)
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


Answer:
In the equation y = mx + b for a straight line, the number m is called the slope of the line. Let x = 0, then y = m • 0 + b, so y = b. The number b is the coordinate on the y-axis where the graph crosses the y-axis.