100 is the correct answer
The bonus would be worth $493,000.
3.4% = 3.4/100 = 0.034; 3.4% of 14500000 = 0.034(14500000) = 493000.
Answer:
k = 1.2
Step-by-step explanation:
Solving for t when the account value is 30,000, we have ...
30,000 = 25,000e^(0.0198t)
30,000/25,000 = 1.2 = e^(0.0198t)
ln(1.2) = 0.0198t
t = ln(1.2)/0.0198
Matching this with the form ...
t = ln(k)/0.0198
we see that k = 1.2.
_____
k is the multiplier of account value in time period t.
Answer:
Step-by-step explanation:
Ex 1 : B
Ex 2; B
Ex 3; D
