Answer:
The growth rate he needs to achieve his goal is approximatelly 19.8%
Step-by-step explanation:
Since the sum will be compounded continuously we have to use the appropriate formula given below:
M = C*e^(r*t)
Where "M" is the final amount, C is the initial amount, r is the interest rate and t is the time elapsed. Since Sung Lee will invest that sum at 18 years old and he wants to recieve the return at 25, then the time elapsed is given by 25 -18 = 7 years. We can now apply the data to the formula:
16000 = 4000*e^(r*7)
4000*e^(7*r) = 16000
e^(7*r) = 16000/4000 = 4
ln[e^(7*r)] = ln(4)
7*r = ln(4)
r = ln(4)/7 = 0.198
The rate of interest is given by (r)*100%, so we have (0.198)*100% = 19.8%.
In order to solve this equation, first we
must find the area of the entire circle and then we must find the area that the
people like to plant with flowers. So the angle formed between 2 rock paths is
180 degrees. I am hoping that this answer has satisfied your query about this
specific question.
Answer:
About 141 students would attend.
Step-by-step explanation:
423/3=141
Since decimals have places in 10 100 and 1000 you need a denominator with those number but since you already have a 10 you take the 7 and add a 0. in front so the answer is 0.7
