Answer:
It takes 22.52 years for the balance to triple in value.
Step-by-step explanation:
Continuous compounding:
The amount of money earned using continuous compounding is given by the following equation:
In which A(0) is the initial amount of money and r is the interest rate, as a decimal.
Interest rate of 5%.
This means that , and thus:
Time for the balance to triple?
This is t for which . So
It takes 22.52 years for the balance to triple in value.
Answer:
Step-by-step explanation:
We are given the following information in the question:
"Citizens less than 18 years old are not allowed to vote"
We define a variable x such that x represents the age of citizens.
We have to write a relationship with the help of an inequality for the ages of citizens who are not allowed to vote.
Citizens less than 18 are not allowed to vote.
So x should be less than 18.
This can be written as:
is the required inequality for the ages of citizens who are not allowed to vote.