Based on the interest rate and continuous compounding, the investment would double in value after 18.5 years.
We have given that,
investment to double at a 3 3/4% interest rate,
<h3>When will the investment double in value?</h3>
The future value using continuous compounding is:
= Amount x e ^ (rate x time)
Interest is
= 3.75%
<h3>What is the formula of an exponential function?</h3>
2 = e ^ (0.0375 x time)
In2 = 0.0375 x time
t = In2 / 0.0375
t= 18.5 years
To learn more about the compounded continuously visit:
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Answer:
you will pay 274.75 at month 5 for both companies
company A: 42.95x+60.00
company B. 49.95x+25.00
Step-by-step explanation:
The first one would be the right one!
you just take all the y one side and the numbers on one side
so 8y+4= 6+3y
now 8y-3y= 6-4
therefore 5y = 2
!!
The answer is (D) or 1728 In³
Answer:
a) 11%
b) 56%
Step-by-step explanation:
a) A= πr^2 6^2π= 36π A= 18^2π = 324π
36π/324π = .111111111111111111111111 or 11%
remember to cancel out the pi symbols when you are showing your work
(put a line across the pi symbols when dividing)
b) A= πr^2 18^2 π = 324π
A= πr^2 12^2π = 144π
324 – 144 = 180
180π/324π = .5555555555555555555555556 or 56%
remember to cancel out the pi symbols when you are showing your work
(put a line across the pi symbols when dividing)
