<u>Compounded</u><u> continuously the balance grows at a continuous rate of </u><u>1.7%.</u>
What is compound interest ?
- Compound interest is when you earn interest on both the money you've saved and the interest you earn.
- So let's say you invest $1,000 (your principal) and it earns 5 percent (interest rate or earnings) once a year (the compounding frequency).
The model used for continuous compounding is
f(t) = Pe^(rt)
where P is the principal amount, and r is the interest rate being compounded. Assuming a typo in your given equation, you have
f(t) = 1000·e^(0.017t)
Matching the various parts of the equation, we see that P = 1000 and r = 0.017 = 1.7%.
Therefore, the balance grows at a continuous rate of 1.7%.
Learn more about compound interest
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Probability
You will add both probabilities after finding them both.
The spinner is 1/2 because a and b are half of the full spinner.
The cube is 1/6 because 2 is only one unit of the cube.
1/2+1/6=2/3
Meaning, the probability of both these events happening is 66.6% approximately.
Answer:
<em><u>10.8</u></em><em><u>°</u></em><em><u>degrees</u></em>
Step-by-step explanation:
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A rhombus diagonals form right angles. The diagonals also cut in half the angles
use cosine: cos38 =
a = 20cos38
a=15.8
Answer:
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