Answer:
Part a. t = 7.29 years.
Part b. t = 27.73 years.
Part c. p = $3894.00
Step-by-step explanation:
The formula for continuous compounding is: A = p*e^(rt); where A is the amount after compounding, p is the principle, e is the mathematical constant (2.718281), r is the rate of interest, and t is the time in years.
Part a. It is given that p = $2000, r = 2.5%, and A = $2400. In this part, t is unknown. Therefore: 2400 = 2000*e^(2.5t). This implies 1.2 = e^(0.025t). Taking natural logarithm on both sides yields ln(1.2) = ln(e^(0.025t)). A logarithmic property is that the power of the logarithmic expression can be shifted on the left side of the whole expression, thus multiplying it with the expression. Therefore, ln(1.2) = 0.025t*ln(e). Since ln(e) = 1, and making t the subject gives t = ln(1.2)/0.025. This means that t = 7.29 years (rounded to the nearest 2 decimal places)!!!
Part b. It is given that p = $2000, r = 2.5%, and A = $4000. In this part, t is unknown. Therefore: 4000 = 2000*e^(2.5t). This implies 2 = e^(0.025t). Taking natural logarithm on both sides yields ln(2) = ln(e^(0.025t)). A logarithmic property is that the power of the logarithmic expression can be shifted on the left side of the whole expression, thus multiplying it with the expression. Therefore, ln(2) = 0.025t*ln(e). Since ln(e) = 1, and making t the subject gives t = ln(2)/0.025. This means that t = 27.73 years (rounded to the nearest 2 decimal places)!!!
Part c. It is given that A = $5000, r = 2.5%, and t = 10 years. In this part, p is unknown. Therefore 5000 = p*e^(0.025*10). This implies 5000 = p*e^(0.25). Making p the subject gives p = 5000/e^0.25. This means that p = $3894.00(rounded to the nearest 2 decimal places)!!!
Answer:
Step-by-step explanation:
slope= y2-y1 / x2-x1
= -2-5 / 2-3
= -7 / -1
= 1
Answer:
1st choice : 706.5 square inches
Step-by-step explanation:
circumference is pi times diameter
divide 94.2 by pi to get diameter = 29.9847912785
diameter 29.9847912785 divided by 2 is
14.9923956393 which is the radius
area is pi times radius times radius again
pi times 14.9923956393 times 14.9923956393 =
706.141834613
Answer:
an = (1 + 2·(n - 1))/2^(n - 1) = 2^(1 - n)·(2·n - 1)
sn = 6 - 2·0.5^n·(2·n + 3)
