The formula that can be used to find interest rate is Interest rate = (In 2) / 6.
<h3>What is the formula that can be used to determine the interest rate?</h3>
When a bank account is growing with continuous compounding, it means that both the interest accrued and the amount deposited increases continually over a specified period of time.
When the investment doubles, it means that if the future value of the investment is divided by the present value of the investment, the value would be two.
Interest rate = (In FV / PV) / number of years it would take the investment to double
Where:
- FV = future value
- PV = present value
- FV / PV = 2
Interest rate = (In 2) / 6
To learn more about continuous compounding, please check: brainly.com/question/26476328
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Fees charged to customers for account maintenance :)
Answer: $5061
Explanation:
The vehicle operating cost in the flexible budget for November would be calculated as:
= Fixed cost + (Variable cost per unit × Quantity)
= $1470 + ($399 × 9)
= $1470 + $3591
= $5061
Therefore, the vehicle operating cost in the flexible budget for November would be closest to $5061.
Answer:
A population would grow faster than its ability to feed itself.
Explanation:
According to Thomas Malthus, overpopulation is the cause of the problems faced by human beings. He attributed diseases, malnutrition, and poverty to overpopulation.
Malthus argues that while resources grow at a steadfast pace, the population was increasing exponentially. He concludes that, if not checked, the human population will become too large to be supported by the earth's resources.
Answer: one key indicator that Carla could look at is the inflation rate.
Explanation:
The inflation rate is a really important factor when economists want to assess the economic state of a nation.