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:
y-24=m(x--4)
Step-by-step explanation:
point slope form:
y-y₁=m(x-x₁)
1) find the slope or "m" first:
slope formula: (y2-y1)/(x2-x1)
(-53-24)/7+4
-77/11=-7
slope=-7
so
y-y₁=-7(x-x₁)
y1=24
x1=-4
y-24=m(x--4)
hope this helps!
1•6 + 11•2
6+22
28 would be the answer
5 students scored a 90 or above. If you look at the axis that says “test scores” just count the number of dots on the “90” line and above
The probability of picking a black ball first is
, because there are 4 black balls and 1 white ball which is 5 balls in total. After picking the first ball, 4 balls remain - 3 black and 1 white, so the probability of picking a white ball is
.
So, the probability of picking a black ball first followed by a white ball is
