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Alja [10]
3 years ago
13

It took Kendra 12 minutes to ride her bike 3.25 miles. If she rode at an average rate,how long did it take her to travel one mil

e?
Mathematics
1 answer:
MakcuM [25]3 years ago
7 0
2.7 time for every mile
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you have $15,000 to invest for 5 years at 5.5% annual interest rate that is compounded continuously. how much money will you hav
MissTica

Answer:

$19,747.96

Step-by-step explanation:

You are going to want to use the continuous compound interest formula, which is shown below:

A = Pe^{rt}

<em>A = total</em>

<em>P = principal amount</em>

<em>r = interest rate (decimal)</em>

<em>t = time (years)</em>

<em />

First, lets change 5.5% into a decimal:

5.5% -> \frac{5.5}{100} -> 0.055

Next, plug in the values into the equation:

A=15,000e^{0.055(5)}

A=19,747.96

After 5 years, you will have $19,747.96

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3 years ago
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