Answer: I believe B
Step-by-step explanation:
Answer:
(a) The future value after 9 years is $7142.49.
(b) The effective rate is
.
(c) The time to reach $13,000 is 21.88 years.
Step-by-step explanation:
The definition of Continuous Compounding is
If a deposit of
dollars is invested at a rate of interest
compounded continuously for
years, the compound amount is

(a) From the information given



Applying the above formula we get that

The future value after 9 years is $7142.49.
(b) The effective rate is given by

Therefore,

(c) To find the time to reach $13,000, we must solve the equation


Showing the relationships among concepts.
Answer:
The answer is 7x-25
Step-by-step explanation:
(3x+5)+(4x-30)
=3x+4x+5-30
=7x-25
To find x, divide 13.1 by 150 to get <span>0.08733333333.</span>