4 years ago

Help number 16 sos please

Mathematics

1 answer:

natta225 [31]4 years ago

5 0

The answer is 0.4722. I hope this helps :)

You might be interested in

If Free Yer Assets Bank (FYAB) will give you 0.25% compounded quarterly and I.M.A.Q.T.π bank will give you 0.23% interest compou

ivann1987 [24]

Answer:

FYAB gives a better deal.

Step-by-step explanation:

Compound interest:

$A = P(1 + \dfrac{r}{n})^{nt}$

Continuously compounded interest:

$A = Pe^{rt}$

For the quarterly compounded interest, r = 0.25%, and n = 4.

$2P = P(1 + \dfrac{0.0025}{4})^{4t}$

$1.000625^{4t} = 2$

$\log (1.000625^{4t}) = \log 2$

$4t(\log 1.000625) = \log 2$

$t = \dfrac{\log 2}{4\log 1.000625}$

$t = 277$

For the continuously compounded interest, r =0.23%

$A = Pe^{rt}$

$2P = Pe^{0.0023t}$

$2 = e^{0.0023t}$

$\ln 2 = \ln e^{0.0023t}$

$\ln 2 = 0.0023t$

$t = \dfrac {\ln 2}{0.0023}$

$t = 301$

The quarterly compounded doubles in 277 years.

The continuously compounded doubles in 301 years.

Answer: FYAB gives a better deal.

7 0

3 years ago

Please Help!!!!! You have twice as many nickels as pennies. you have $1.10. how many of each coin do you have? Explain.

marishachu [46]

10 pennies and 20 nickels = $1.10

4 0

3 years ago

Read 2 more answers

How many groups of sixty are in two hundred forty-four

ss7ja [257]

The answer to this question is 4 groups.

6 0

3 years ago

Read 2 more answers

O que são números racionais

Dmitrij [34]

<span>Números racionales son números que pueden ser wriiten como una proporción, y pueden ser escritos como una fracción también. Un ejemplo de un número racional sería dos cuartos (2/4), medio (1/2), etc.</span>

6 0

4 years ago

A rectangle has a length of 27 inches less than 5 times its width. if the area of the rectangle is 3690 square inches, find the

nikdorinn [45]

Look for the calculator for algebra online

8 0

3 years ago