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.
Answer:
commission rate of Maurice is 12%
Step-by-step explanation:
Maurice earns commission = $6,048
Lexus priced at = $50,400
Maurice's commission rate =
=
=
=12 %
hence the commission rate of Maurice is 12%
You don't say whether this is a right triangle or not.
Assuming it is a right triangle, then we use the Pythagorean Theorem to determine the length of the hypotenuse:
(hypo) = (length of third side) = √(12^2 + 4^2) = √(144+16) = √160 = 4√10.
This is approx. 12.65 inches. Since this does not match any of the possible answer choices, we'll have to take a different approach to answering this question.
Given that 2 sides of the given triangle are 12 and 4 inches, respectively, we see that the 3rd side has to be longer than 8 inches; otherwise we'd have three line segments on the same line, not forming a triangle.
By this reasoning, 9 inches is the only possible answer that could be correct. With sides 12, 9 and 4 inches, the triangle would be obtuse and appear quite flat, but not be part of a straight line as with a third side of 8.
The length of CD is 7-3=4.
Therefore, if we dilate by a scale factor of 3, the length is 4(3) = 12
Answer: (2, 6.5)
<u>Step-by-step explanation:</u>
