Answer:
Step-by-step explanation:
we know that
The formula to calculate continuously compounded interest is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
e is the mathematical constant number
we have
substitute in the formula above
solve for P
Ok!
Lets find out how much he makes per month.
You do this by dividing 612 and 3. so 612 / 3 = 204.
Max makes 204 per month.
2. Now that you have the per month, you multiply it by 12.
204 x 12 = 2448
Answer: 2,448
I hope this helped you understand!
2/9 is the slope
Explanation:
8-4 = 4 over 10-1 = 9