Answer:
11/25
Step-by-step explanation:
Reciprocal is the fraction flipped
Answer:
Present value = $4,122.4
Accumulated amount = $4,742
Step-by-step explanation:
Data provided in the question:
Amount at the Start of money flow = $1,000
Increase in amount is exponentially at the rate of 5% per year
Time = 4 years
Interest rate = 3.5% compounded continuously
Now,
Accumulated Value of the money flow = 
The present value of the money flow = 
= 
= ![1000\left [\frac{e^{0.015t}}{0.015} \right ]_0^4](https://tex.z-dn.net/?f=1000%5Cleft%20%5B%5Cfrac%7Be%5E%7B0.015t%7D%7D%7B0.015%7D%20%5Cright%20%5D_0%5E4)
= ![1000\times\left [\frac{e^{0.015(4)}}{0.015} -\frac{e^{0.015(0)}}{0.015} \right]](https://tex.z-dn.net/?f=1000%5Ctimes%5Cleft%20%5B%5Cfrac%7Be%5E%7B0.015%284%29%7D%7D%7B0.015%7D%20-%5Cfrac%7Be%5E%7B0.015%280%29%7D%7D%7B0.015%7D%20%5Cright%5D)
= 1000 × [70.7891 - 66.6667]
= $4,122.4
Accumulated interest = 
= 
= $4,742
A:40%
If you put 60 over 150 and x(percent of students) over 100 and cross multiply 100 and 60, you will get 6000. You then divide that by 150 which leaves you with 40 as x and 40 over 100 is 40%.
Answer:
option C is the correct answer
Answer:
5 hours 30 minutes
Step-by-step explanation:
347.50-100 (initial fee)=247.50. 247.50/45= 5.5 hours