Answer:
It'll take 38.3 years to obtain the desired return of $25,000.
Step-by-step explanation:
In order to solve a continuosly coumponded interest question we need to apply the correct formula that is given bellow:
M = C*e^(r*t)
Where M is the final value, C is the initial value, r is the interest rate and t is the time at which the money was applied. Since he wants an return of $25,000 his final value must be the sum of the initial value with the desired return. So we have:
(25000 + 8000) = 8000*e^(0.037*t)
33000 = 8000*e^(0.037*t)
e^(0.037*t) = 33000/8000
e^(0.037*t) = 4.125
ln[e^(0.037*t)] = ln(4.125)
t = ln(4.125)/(0.037)
t = 1.4171/0.037 = 38.2991
t = 38.3 years
Answer:if you can't figure it out then just tell her you like her and see what she says. If she doesn't like you back then it's her loss
Step-by-step explanation:
Answer:
r = 18
Step-by-step explanation:
Subtract the seven from both sides
25 -7 = 7 - 7 + r
18 = r
Simple as that!
Hope this helps!
Answer:
Depends on how the X and Y values are oriented but if the X value is on the bottom and the Y is on the top, then the graph is decreasing
Step-by-step explanation:
Have a great day!
