Answer:
It'll take 38.3 years to obtain the desired return of $25,000.
Step-by-step explanation:
In order to solve a continuosly coumponded interest question we need to apply the correct formula that is given bellow:
M = C*e^(r*t)
Where M is the final value, C is the initial value, r is the interest rate and t is the time at which the money was applied. Since he wants an return of $25,000 his final value must be the sum of the initial value with the desired return. So we have:
(25000 + 8000) = 8000*e^(0.037*t)
33000 = 8000*e^(0.037*t)
e^(0.037*t) = 33000/8000
e^(0.037*t) = 4.125
ln[e^(0.037*t)] = ln(4.125)
t = ln(4.125)/(0.037)
t = 1.4171/0.037 = 38.2991
t = 38.3 years
Answer:
20
Step-by-step explanation:
the lowest number they can all muliply to is 20
20 x 1 = 20
5 x 4 = 20
2 x 10 = 20
Answer:add all them up !
Step-by-step explanation:
Answer:
Step-by-step explanation:
Flip the equation:
Subtract 6 from both sides:
Divide both sides by 2:
£3.50 for each burger
3.50×4= 14 left over is 6 from the 20 pound note
