Answer: $4,331
Step-by-step explanation:
I will assume that the question meant 5.2% not 52% as this is quite excessive.
Katherine after 13 years.
Convert the variables;
n = 13 years = 13 * 365 = 4,745 days
r = 5.2% = 5.2/365 = 5.2/365%
Future value = P * ( 1 + r)^n
= 86,000 * (1 + 5.2/365%)⁴⁷⁴⁵
= $169,068
Michael after 13 years;
If compounded continuously, the formula is;
Future value = Pe^rt
= 86,000 * e⁰.⁰⁵ ˣ ¹³
= $164,737
Difference = 169,068 - 164,737
= $4,331
Answer:
X = 1 3/4
Step-by-step explanation:
Hope this helps!
Answer:
Step-by-step explanation:
If the population increases at a rate of 4% per annum, then:
In year 1:
Where 
is the initial population and 
is the population in year n
In year 2
It can also be written as:
Taking out common factor
Taking out common factor (1 + 0.04)
Taking out again common factor
Simplifying
So
This is the equation that represents the population for year n
Then, in 4 years, the population will be:
Answer:
60
Step-by-step explanation:
775 miles. Divide 7.75 by .5 and then times the answer by 50.
