Answer:
No, Ayden is incorrect
Step-by-step explanation:
Because the last 7 is in the thousandth place so therefore he is wrong, but this would be <u>the correct answer </u><u>54.77</u> since the last 7 is in the hundredth place.
Answer:
(a) The future value after 9 years is $7142.49.
(b) The effective rate is
.
(c) The time to reach $13,000 is 21.88 years.
Step-by-step explanation:
The definition of Continuous Compounding is
If a deposit of
dollars is invested at a rate of interest
compounded continuously for
years, the compound amount is

(a) From the information given



Applying the above formula we get that

The future value after 9 years is $7142.49.
(b) The effective rate is given by

Therefore,

(c) To find the time to reach $13,000, we must solve the equation


Answer:
Step-by-step explanation:
Put the values of x and y in the equations and solve the resulting system.
A(2) +(-3) = 5
A(2) +B(-3) = 20
__
The first equation tells the value of A:
2A = 8 . . . . add 3
A = 4 . . . . . .divide by 2
This and the second equation tells the value of B:
(4)(2) -3B = 20
-3B = 12 . . . . . subtract 8
B = -4 . . . . . . . divide by -3
The values of A and B are 4 and -4, respectively.
Answer:
The answer is c. 8 1/4
Step-by-step explanation:
-3 2/3 X (-2 1/4)
convert to improper fraction
-11/3 X -9/4
The negative signs multiplies to give a positive one.
= 99/12 = 33/4
= 8 1/4