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lbvjy [14]
3 years ago
9

An initial investment of $350 is worth $429.20 after six years of continuous compounding. Find the

Mathematics
1 answer:
ValentinkaMS [17]3 years ago
4 0

Answer:

Interest Rate : 0.0346 or 3.46%

Step-by-step explanation:

• 429.2=350*(1+x)^6

• 429.2/350= (1+x)^6

•(429.2/350)^(1/6)= 1+x

•(429.2/350)^(1/6)-1= x

Check work:

350*(1+0.0346)^6=429.2

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kari74 [83]

Solve the equation. Isolate the variable, x.

Note the equal sign, what you do to one side, you do to the other.

First, subtract 8 and 10x from both sides:

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2x - 10x = 12 - 8

Simplify. Combine like terms:

(2x - 10x) = (12 - 8)

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Isolate the variable, x. Divide -8 from both sides:

(-8x)/-8 = (4)/-8

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Simplify:

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Step-by-step explanation:

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3 years ago
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HACTEHA [7]
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Which shows two expressions that are equivalent to (Negative 7) (Negative 15) (Negative 5) Yan is climbing down a ladder. Each t
Svet_ta [14]

Answer:

(-8) + (-8) + (-8) + (-8)

Step-by-step explanation:

Since Yan is descending ; we represent his movement as being negative.

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Given that no extra steps was taken ;

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Another way to write the product :

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3 years ago
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