(d) Find the domain of function R. Choose the correct domain below.
1 answer:
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The amount of $7389.43 has to be invested at 5.9% interested continuously to have $15,000 after 12 years.
Step-by-step explanation:
The given is,
Future value, F = $15,000
Interest, i = 5.9%
( compounded continuously )
Period, t = 12 years
Step:1
Formula to calculate the present with compounded continuously,
...............(1)
Substitute the values in equation (1) to find the P value,
( ∵
)
( ∵
)
We change the P (Present value) into the left side,
≅ 7389.43
P = $ 7389.43
Result:
The amount of $7389.43 has to be invested at 5.9% interested continuously to have $15,000 after 12 years.
Let's solve ~
Total Mini - Easter eggs = 1345
Number of students = 26
So, let's find how many eggs will each student get through division ~
So, each student will get 51 mini - Easter egg each.
And there would be 19 remaining eggs in there ~