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Nimfa-mama [501]
3 years ago
7

How long will it take a $800 investment to be worth $900 if it is continuously compounded at 11% per year?

Mathematics
1 answer:
Kruka [31]3 years ago
3 0
The formula is
A=p e^rt
A future value 900
P present value 800
E constant
R interest rate 0.11
T time?

We need to solve for t
T=[log (A/p)÷log (e)]÷r
T=(log(900÷800)÷log(e))÷0.11
T=1.07 years round your answer to get 1 year
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Answer:

\tt{}1.440.000 \\

Step-by-step explanation:

\tt{}1.200 \times 1.200  \:  \:  \:  \:  \:  \:  \:  \:  \:  \: \\  \\ \tt{}((12 \times 12) + (0000)) \\  \\ 1.440.000 \:  \:  \:  \:  \:  \:  \:  \:  \:  \:  \:  \:  \:  \:  \:  \:  \:  \:  \:  \:  \:  \\  \\  \\  \\

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First set equation = to 0
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[10 plus or minus √(25² - 4×1×24)] ÷ 2
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Solve for x over the complex numbers.
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Answer:


Step-by-step explanation:

Given x^2+4x+13=0, find the complex roots.  The best approach here is to use the quadratic formula.  Note that a = 1, b = 4 and c = 13.  

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plus or minus i√

8 0
3 years ago
Read 2 more answers
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