Answer:
y = -(1/7)x + 1
Step-by-step explanation:
2 1/2 is the same as 6/4 so he can bake two loaves
Based on the interest rate and continuous compounding, the investment would double in value after 18.5 years.
We have given that,
investment to double at a 3 3/4% interest rate,
<h3>When will the investment double in value?</h3>
The future value using continuous compounding is:
= Amount x e ^ (rate x time)
Interest is
= 3.75%
<h3>What is the formula of an exponential function?</h3>
2 = e ^ (0.0375 x time)
In2 = 0.0375 x time
t = In2 / 0.0375
t= 18.5 years
To learn more about the compounded continuously visit:
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First, you have to round the .1, which would be .0. Next, you round 19.0, or just 19, to the nearest 10, which is 20. Therefore, 19.1 rounded to the nearest 10 is 20.