Answer:
The interest rate is 7.58%
Step-by-step explanation:
Compound continuous interest can be calculated using the formula:
A = P
, where
- A is the future value of the investment, including interest
- P is the principal investment amount (the initial amount)
- r is the interest rate in decimal
- t is the time the money is invested for
∵ Angus has $3,000 he want to invest
∴ P = 3000
∵ The interest rate is compounded continuously
∵ Angus has $5,500 in 8 years
∴ A = 5500
∴ t = 8
→ Substitute them in the rule above to find r
∵ 5500 = 3000
→ Divide both sides by 3000
∴
= 
→ Insert ㏑ in both sides
∵ ㏑(
) = ㏑(
)
→ Remember ㏑(
) = n
∴ ㏑(
) = 8r
→ Divide both sides by 8
∴ 0.07576697545 = r
→ Multiply it by 100% to change it to a percentage
∴ r = 0.07576697545 × 100%
∴ r = 7.576697545 %
→ Round it to the nearest hundredth
∴ r ≅ 7.58
∴ The interest rate is 7.58%
Answer:
a =b
b=d
Step-by-step explanation:
alt angle
corresponding angle
To solve this problem, we are going to use the percent proportion, a/b = p/100, where a is the part of a number b, the whole, and p is the percentage out of 100.
When we fill in our known integers into this equation, we get
21.12 / b = 25.6 / 100
Next, to simplify this equation, we should use cross products (means - extremes products theorem). This means multiplying the numerator of one fraction and the denominator of the other fraction and setting them equal to one another.
21.12(100)=25.6(b)
When we multiply, you get
2112 = 25.6b
Finally, we divide both sides by 25.6, to get our variable b, alone, and without a coefficient.
82.5 = b
Therefore, 25.6% of the number 82.5 is 21.12.
Answer:I’m doing this right now do u know the answer?
Step-by-step explanation:
Answer:
14 spotted socks
Step-by-step explanation:
Sam has 3 units of striped socks and 6 of them.
Find one unit.
3 units = 6
1 unit = 6 ÷ 3 = 2
Sam has 7 units of spotted socks.
7 units = 2 x 7 = 14