Answer:
Step-by-step explanation:
We know that for principal amount P , time period T and rate of interest 
, simple interest is given by 
.
Here ,
To find : simple interest rate i.e.,
On putting values of 
in formula , we get
Now we need to round off the answer to the nearest tenth .
So, simple interest rate is % = 
=
Yes, because 2/8 simplified is 1/4.
1/2 > 1/4
Answer:
$6261.61
Step-by-step explanation:
The solution to the differential equation is the exponential function ...
A(t) = 5000e^(0.0225t)
We want the account value after 10 years:
A(10) = 5000e^(0.225) = 6261.61
The value of the account after 10 years will be $6,261.61.
_____
The rate of change equation basically tells you that interest is compounded continuously. After working interest problems for a while you know the formula for that is the exponential formula A = A0·e^(rt).
Or, you can solve the differential equation using separation of variables:
dA/A = 0.0225dt
ln(A) = 0.0225t +C . . . . integrate
A(t) = A0·e^(0.0225t) = 5000·e^(0.0225t) . . . . solution for A(0) = 5000
Answer:
I'm not exactly sure what your asking but if you mean equivalent forms your answers are: 0.62 and 62%
But if you mean equivalent fractions your answers are: 62/100 and 93/150
Anyone help with my geometry quiz please
