William is going to invest in an account paying an interest rate of 5.9% compounded
1 answer:
Answer:
Step-by-step explanation:
we know that
The formula to calculate continuously compounded interest is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
e is the mathematical constant number
we have
substitute in the formula above
solve for P
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Here's a pattern to consider:
1+100=101
2+99=101
3+98=101
4+97=101
5+96=101
.....
This question relates to the discovery of Gauss, a mathematician. He found out that if you split 100 from 1-50 and 51-100, you could add them from each end to get a sum of 101. As there are 50 sets of addition, then the total is 50×101=5050
So, the sum of the first 100 positive integers is 5050.
Quick note
We can use a formula to find out the sum of an arithmetic series:
Where s is the sum of the series and n is the number of terms in the series. It works for the above problem.
1+100=101
2+99=101
3+98=101
4+97=101
5+96=101
.....
This question relates to the discovery of Gauss, a mathematician. He found out that if you split 100 from 1-50 and 51-100, you could add them from each end to get a sum of 101. As there are 50 sets of addition, then the total is 50×101=5050
So, the sum of the first 100 positive integers is 5050.
Quick note
We can use a formula to find out the sum of an arithmetic series:
Where s is the sum of the series and n is the number of terms in the series. It works for the above problem.