$54 is your answer
You multiply $12.00 by 4 packs of pens and then add $6.00 for the pencils.
Linear equation: y = mx + c
m = slope
c = y-intercept
Based on the interest rate and continuous compounding, the investment would double in value after 18.5 years.
We have given that,
investment to double at a 3 3/4% interest rate,
<h3>When will the investment double in value?</h3>
The future value using continuous compounding is:
= Amount x e ^ (rate x time)
Interest is
= 3.75%
<h3>What is the formula of an exponential function?</h3>
2 = e ^ (0.0375 x time)
In2 = 0.0375 x time
t = In2 / 0.0375
t= 18.5 years
To learn more about the compounded continuously visit:
brainly.com/question/16731646.
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Simplify the expression.
Exact Form :
- 53/12
Decimal Form :
- 4.416
Mixed Number Form :
- 4 5/12
Hope this helps !
Have a great day! :)
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