Answer: 13.29%
Step-by-step explanation:
The formula to calculate the compound amount (compounded continuously) is given by :-
, where P is the principal amount , r is the rate of interest ( in decimal) and t is the time period.
Given : P= $ 35,000 , A= $257,000 and t=15 years
To find : r , we substitute all the values in the above formula , we get
Taking natural log on both the sides , we get
Hence, the annual interest rate = 13.29%
Answer:
The ratio of sixth-grade students to fifth-grade students on the team was <u>7 : 8</u>.
Step-by-step explanation:
Given:
The girl's basketball team had 8 fifth-grade students and 7 sixth-grade students.
Now, to find the ratio of sixth-grade students to fifth-grade students on the team.
<em>Number of fifth-grade students = 8.</em>
<em>Number of sixth-grade students = 7.</em>
Now, to get the ratio of sixth-grade students to fifth-grade students on the team :
Therefore, the ratio of sixth-grade students to fifth-grade students on the team was 7 : 8.