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Mkey [24]
3 years ago
6

I think the answer is B.

Mathematics
1 answer:
xeze [42]3 years ago
5 0
I think the answer is D. This is because XY doesn't equal JH
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You wish to make an
Leokris [45]

Using the interest formulas, it is found that the values of the investment are given as follows:

  • Using simple interest, the value will be of $34,000.
  • Using compound interest, the value will be of $144,461.
  • Using continuous compounding, the value will be of $148,002.

<h3>Simple Interest</h3>

Simple interest is used when there is a single compounding per time period.

The amount of money after t years in is modeled by:

A(t) = P(1 + rt)

In which:

  • P is the initial amount.
  • r is the interest rate, as a decimal.

In this problem, we have that the parameters are as follows:

P = 9000, r = 0.07, t = 40.

Hence:

A(t) = 9000(1 + 0.07 x 40) = 34200

<h3>Compound interest</h3>

A(t) = P\left(1 + \frac{r}{n}\right)^{nt}

n is the number of compounding, for quarterly n = 4, then:

A(t) = 9000\left(1 + \frac{0.07}{4}\right)^{4 \times 40}

A(t) = 144461

<h3>Continuous compounding</h3>

A(t) = Pe^{rt}

Hence:

A(t) = 9000e^{0.07 \times 40} = 148002

More can be learned about the interest formulas at brainly.com/question/25296782

#SPJ1

7 0
2 years ago
Which is greater ratio than 2:7
blondinia [14]

Answer:

are their supposed to be answer choices

Step-by-step explanation:

6 0
3 years ago
8. Larisa buys 3 purses. Each purse costs $126.32. How much did Larisa spend? Draw or use bills and coins to solve. A $126.32 B
ella [17]

Answer:

The answer is (c) 368.96

7 0
1 year ago
A cell phone company has a basic monthly plan of $40 plus $0.45 for any minutes used over 700.Before receiving his statement,Joh
Dimas [21]
0.45M+40

The M stands for the amount of minutes he went over.
8 0
3 years ago
Read 2 more answers
What is the slope of the line given by the equation y=-1/3x? Entee your answer as an integer or fraction in lowest terms.
Serhud [2]
-1/3

really? it's that easy dude. 

whatever number is next to x, like say, 3x, that number would be the slope, so it would be 3.

hope it helped.

6 0
3 years ago
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