Answer:
$14.39
Step-by-step explanation:
The formula for continuous compounding of interest is:
A = Pe^(rt), were P is the initial dollar amount, A is the final amount, r is the interest rate as a decimal fraction, and t is the time in years.
Here we have $2109 = $500e^(10r) and need to solve for r.
To do this, take the natural log of both sides, obtaining:
ln 2109 = ln 500+ 10r.
Then 10r = ln 2109 - ln 500, and
ln 2109 - ln 500
r = --------------------------------------------
10
= .1439
The interest rate was 14.39%.
2(x + 6) is what you’re looking for. Have a good day!
Answer: 1,296 m
iles
Step-by-step explanation:
Hi, to answer this question we have to apply the next formula:
Distance = Speed rate x time
- speed rate = 54 miles per hour
- time = 24 hours
Replacing with the values given and solving for D (distance)
D = 54 mph x 24 h = 1,296 m
The car traveled 1,296 miles
Feel free to ask for more if needed or if you did not understand something.
