First we list the multiples of each number.
multiples of 5 are 10,15,20,25,30,35,40,...
multiples of 6 are 12,18,24,30,36,42,48,...
multiples of 15 are 30,45,60,75,90,...
now, when you look at the list of multiples, you can see that 30 is the smallest number that appears in each list.
therefore, the least common multiple of...... 5,6 and 15 is 30.
We have been given that a person places $6340 in an investment account earning an annual rate of 8.4%, compounded continuously. We are asked to find amount of money in the account after 2 years.
We will use continuous compounding formula to solve our given problem as:
, where
A = Final amount after t years,
P = Principal initially invested,
e = base of a natural logarithm,
r = Rate of interest in decimal form.
Upon substituting our given values in above formula, we will get:
Upon rounding to nearest cent, we will get:
Therefore, an amount of $7499.82 will be in account after 2 years.
Answer:
Each person have to pay $67,237
Step-by-step explanation:
Amount each person would pay = Total amount of debt/ Size of Population
= 22000000000000/327200000
= 67237. 164
Approximately $67,237
