"Modeling Compound Interest In Exercise, complete the table for an account in which interest is compounded continuously.

Mathematics

1 answer:

AVprozaik [17]3 years ago

4 0

Answer:

This problem requires us to calculate, the value of investment after 10 and 25 years, and also tell the time after which intial investment amount will double. Investment rate and initial investment amount is given in the question.

Value of investment after 10 year = 2000(1+7%)^10 = $ 3,934

Value of investment after 25 year = 2000(1+7%)^25 = $ 10,855

Time after which investment amount double (n)

4000 = 2000 (1.07)^n

Log 2 = n log 1.07

n = 10.2 years

You might be interested in

jasmine had 11 friends over at her house. everytime the doorbell rang 2 more friends arrived. the doorbell rand 3 times. how man

Lelechka [254]

I'm pretty sure the answer is 17

3 0

3 years ago

Which expression is equivalent to (x^-6/x^2)^3<br> 1/x<br> 1/x^5<br> 1/x^9<br> 1/x^24

iVinArrow [24]

Step-by-step explanation:

1/x^24 is the correct expression

4 0

3 years ago

What is the answer for b?

olchik [2.2K]

B=180-(73+69)=38 degrees

7 0

2 years ago

Read 2 more answers

dangina [55]

Answer:

$3w+10>2w+15$

Step-by-step explanation:

If Jerry initially releases 10 videos a week and creates an additional 3 each week, he will create a total of $3w+10$ videos, where $w$ is the number of weeks. If Martin initially releases 15 videos a week and creates an additional 2 each week, he will create a total of $2w+10$ videos, since $w$ is maintained. Therefore, the inequality $\fbox{$3w+10>2w+15$}$ can be used to find who creates more videos, where $w$ is the number of weeks.

7 0

2 years ago

A note with a face value of $145,000 is made on December 10.

vivado [14]

Hi there^_^

The formula is
A=p (1+rt)
We need first to find the number of days till the partial payment
From December 10 till January 8
December (31-10) 21+8 January
There are 29 days so
A=145,000×(1+0.135×(29÷365))
A=146,555.27
Now subtract 55000
A=146,555.27−55,000
A=91,555.27
After that find the amount due on the maturity date
The rest of the days
75-29=46 days

A=91,555.27×(1+0.135×(46÷365))
A=93,112.96 amount due after 75 days

Hope it helps

5 0

3 years ago