Answer:
- 15
Step-by-step explanation:
Answer:
65+30x
Step-by-step explanation:
You forgot to give the choices.
But, I would think it's 65+30x=
P = 390,00 + 4000x
450,000 people - (15years x 4000) = 390k in 2010
15 years is the difference between 2010 and 2025
subtract 60k (that is the 15 years multiplied by 4k) from 450k and you get 390k.
Sorry if my explanations suck, I'm not great at explaining my thought process
Answer:
Approximately 22.97 years
Step-by-step explanation:
Use the equation for continuously compounded interest, which uses the exponential base "e":

Where P is the principal (initial amount of the deposit - unknown in our case)
A is the accrued value (value accumulated after interest is compounded), in our case it is not a given value but we know that it triples the original deposit (principal) so we write it as: 3 P (three times the principal)
k is the interest rate : 5% which translates into 0.05
and t is the time in the savings account to triple its value (what we need to find)
The formula becomes:

To solve for "t" we divide both sides of the equation by P (notice it cancels P everywhere), and then to solve for the exponent "t" we use the natural logarithm function:


