The answer would be $3.2
Do ya want me to explain my answer
Answer:
See Below
Step-by-step explanation:
150 = p + 78 ------ you want to get the p to one side and the other number the the other side of the =
(78 - 150) = p (78 - 78) ---- what ever you do to one side you do to the other
72 = p
s - 51 = 12 (same thing as above)
s (-51 + 51) = 12 + 51
s = 63
65 = blank + 7 ( you can put a letter like x or y because they number is not determined yet)
65 = x + 7 (same as above)
( 7 - 65 ) = x ( 7 - 7 )
58 = x
Answer:
8.5
Step-by-step explanation:
For continuous compounding, the account value formula is ...
A = Pe^(rt)
where P is the invested amount, r is the annual interest rate, and t is the number of years. We want to find t when ...
3550 = 2400e^(.046t)
ln(355/240) = 0.046t
t = ln(355/240)/0.046 ≈ 8.5
It will take 8.5 years for the value to reach $3550.
