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Dominik [7]
3 years ago
15

How much would $300 invested at 9% interest compounded continuously be worth after 3 years? Round your answer to the nearest cen

t.
Mathematics
2 answers:
harina [27]3 years ago
4 0
Use the formula A = Pe^(r*t).

A = $300*e^(0.09*3) = $392.99.  Sounds like a great deal!
NeTakaya3 years ago
4 0

Answer: $392.99

Step-by-step explanation:

The formula to find the compound amount when it is compounded continuously after x years :-

A=Pe^{rt}, where P is the principal amount , r is the rate of interest and t is the time period.

Given : Principal Amount : P = $300

Rate of interest : r= 9%=0.09

Time : t  =3 years

Now the the compounded amount after 3 years will be :-

A=300e^{0.09\times3}=392.98933522\approx392.99

Hence, the compounded amount after 3 years = $392.99

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A yard cleanup service charges a $380 fee plus $14 per hour. Another cleanup service charges a $260 fee plus $20 per hour. How l
amm1812

Answer:

C) 20 hours

Step-by-step explanation:

x = number of hours

A yard cleanup service charges a $380 fee plus $14 per hour.

380 + 14x

Another cleanup service charges a $260 fee plus $20 per hour.

260 + 20x

How long is a job for which the two companies' costs are the same?

380 + 14x = 260 + 20x

380 - 260 = 20x - 14x

120 = 6x

20 = x

5 0
3 years ago
Every meter is 100 centimeters. Write an equation to express the total number of centimeters (Z) in (y) meters.
aleksandrvk [35]

Answer:

Y=100z

Step-by-step explanation:

Substitute the meters by y and cm by z

6 0
3 years ago
Read 2 more answers
What’s the difference of 1/4 and 1/5?
vfiekz [6]
1/4 is 25% or 0.25

1/5 is 20% or 0.20

So the difference between the two is 5%, 0.05, or 1/20. 
7 0
3 years ago
Ben's car gets between 18 and 21 miles per gallon of gas. If his car's tank holds 15 gallons, what is the range of distance that
kipiarov [429]

Answer:

Step-by-step explanation:

Ben's car gets between 18 and 21 miles per gallon of gas. If his car's tank holds 15 gallons, it means that the least distance that Ben can drive on one tank of gas would be

18 × 15 = 270 miles.

Also, the most distance that Ben can drive on one tank of gas would be

21 × 15 = 315 miles.

Therefore the the range of distance that Ben can drive on one tank of gas is between 270 miles and 315 miles. If d represents the distance, then the range is

270 ≤ d ≤ 315)

8 0
3 years ago
Solve the system of equations below.
sergey [27]

Answer:

A. (3, -3)

Step-by-step explanation:

Let's use the addition/elimination for this to avoid fractions.  You could solve one of the equations for y or x and then sub that value into the other equation, but you would have to deal with fractions along the way, so let's just not.  Using the addition/elimination (they're the same thing; math books sometimes use one or the other), we line up our equations:

 5x  +  2y  =  9

 2x  -  3y   = 15

It looks like if we want to eliminate the y terms, we can multiply the top equation by 3 and the bottom equation by 2 to get a whole new set of equations:

 15x  +  6y  =  27

  4x  -   6y  =  30

Now we can see that when we add down the columns, the y's cancel each other out.  6y's minus 6y's leaves us with no y's.  What we are left with is

19x = 57 so

x = 3.

Now we will sub that 3 back in to either of the original equations to solve for y:

2(3) - 3y = 15 and

6 - 3y = 15 and

-3y = 9 so

y = -3

The solution set then is (3, -3)

8 0
4 years ago
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