Answer:
Part a. t = 7.29 years.
Part b. t = 27.73 years.
Part c. p = $3894.00
Step-by-step explanation:
The formula for continuous compounding is: A = p*e^(rt); where A is the amount after compounding, p is the principle, e is the mathematical constant (2.718281), r is the rate of interest, and t is the time in years.
Part a. It is given that p = $2000, r = 2.5%, and A = $2400. In this part, t is unknown. Therefore: 2400 = 2000*e^(2.5t). This implies 1.2 = e^(0.025t). Taking natural logarithm on both sides yields ln(1.2) = ln(e^(0.025t)). A logarithmic property is that the power of the logarithmic expression can be shifted on the left side of the whole expression, thus multiplying it with the expression. Therefore, ln(1.2) = 0.025t*ln(e). Since ln(e) = 1, and making t the subject gives t = ln(1.2)/0.025. This means that t = 7.29 years (rounded to the nearest 2 decimal places)!!!
Part b. It is given that p = $2000, r = 2.5%, and A = $4000. In this part, t is unknown. Therefore: 4000 = 2000*e^(2.5t). This implies 2 = e^(0.025t). Taking natural logarithm on both sides yields ln(2) = ln(e^(0.025t)). A logarithmic property is that the power of the logarithmic expression can be shifted on the left side of the whole expression, thus multiplying it with the expression. Therefore, ln(2) = 0.025t*ln(e). Since ln(e) = 1, and making t the subject gives t = ln(2)/0.025. This means that t = 27.73 years (rounded to the nearest 2 decimal places)!!!
Part c. It is given that A = $5000, r = 2.5%, and t = 10 years. In this part, p is unknown. Therefore 5000 = p*e^(0.025*10). This implies 5000 = p*e^(0.25). Making p the subject gives p = 5000/e^0.25. This means that p = $3894.00(rounded to the nearest 2 decimal places)!!!
Answer:
3 1/4 + 2 1/3 = 67 / 12 = 57 1/2
Step-by-step explanation:
Conversion a mixed number to a improper fraction: 3 1/4 = 3 · 4 + 1
4
= 13
4
Conversion a mixed number to a improper fraction: 2 1/3 = 2 · 3 + 1
3
= 7
3
Add: 13
4
+ 7
3
= 13 · 3
4 · 3
+ 7 · 4
3 · 4
= 39
12
+ 28
12
= 39 + 28
12
= 67
12
Answer:
2005
Step-by-step explanation:
Answer:
The selling price of the house is $144,681
Step-by-step explanation:
The computation of the selling price of the house is shown below:
Let us assume the selling price be x
So, the commission would be 0.06x
Now the danny would received
= x - 0.06x
= 0.94x
And, the amount received is $136,000
So equate this value
Like this
0.94x = $136,000
x = 
= $144,681
Hence, the selling price of the house is $144,681
Answer:
to my knowledge of this it is 28
Step-by-step explanation:
because just pay attention to the math in it she ended up with 14 in the end so add 14 and the 6 she added in the beginning and then you get 20 so then you add the 20 marbles and the 8 marbles she took out so you end up with 28 total marbles i hope this helps
