What’s the value of -3
1 answer:
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9514 1404 393
Answer:
- annually: 9.01 years
- monthly: 8.69 years
- daily: 8.67 years
- continuously: 8.66 years
Step-by-step explanation:
For interest compounded in discrete intervals, the formula is ...
A = P(1 +r/n)^(nt)
We want to find t for P=1 and A=2, so we have ...
2 = (1 +r/n)^(nt)
ln(2) = nt·ln(1+r/n)
t = ln(2)/(n·ln(1+r/n))
A table of values for r=0.08 is attached.
__
For continuous compounding, the formula is ...
A = Pe^(rt)
t = ln(A/P)/r = ln(2)/0.08 ≈ 8.66434 . . . . years
__
- annually: 9.01 years
- monthly: 8.69 years
- daily: 8.67 years
- continuously: 8.66 years
Answer:
Step-by-step explanation:
In this question, you are solving for n.
Solve:
−2p + 6n = 5
We have to get "n" by itself, so add 2p to both sides.
6n = 2p + 5
Since the variable "n" has a number next to it, we have to get rid of that number in order to get our answer.
To do so, we would divide both sides by 6.
Simplify the equation further.