<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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If half is -1/4 than the value of x is 2*(-1/4)=-1/2
Answer:
The solution to a system of equations means the point must work. In both equations in the system, if you are asked if a point is a solution to an equation, you replace the variables with the given values and see if the two sides of the equation is equal "so is a solution"
Answer:
t=√d-12/4 and t=√-d-12/4, d≥12
Step-by-step explanation:
Hope this helps.
