Answer:
$798
Step-by-step explanation:
Jack invested $7100 compounded continuously at an interest rate of 3⅝% which is 0.03625
Formula for future value of continuous compounding is;
FV = PVe^(rt)
Where;
FV is future value
PV is present value
r is interest rate
t is time
After 19 years;
FV = 7100 × e^(0.03625 × 19)
FV = $14137.697
Henry invested $7100 compounded monthly at an interest rate of 3⅜% which is 0.03375.
Formula for FV of monthly compounding is;
FV = PV(1 + i)^(n)
FV = 7100(1 + 0.03375)^(19)
FV = $13339.922
Thus, amount Jack has more than Henry = 14137.697 - 13339.922 = $797.775
Approximating to the nearest dollar gives $798
You would need 5 cubes to fill your storage container
Work
(3, 6, 8,) 9, (10, 12, 13)
The median is 9.
Q1 is 6
Q3 is 12
12 - 6 = 6
Answer
C.) 6
Answer:
Step-by-step explanation:
Formula
r = ∛(V/( pi * 4/3)) Invert the 4/3 and multiply the numerator by 4
Solution
r = ∛ 3 V / (4 pi )) Substitute values
r = ∛ 3 * 2304 / 12.56 4*pi = 4 * 3.14 = 12.56. Multiply 3 * 2304
r = ∛ 6912 / 12.56 Divide
r = ∛ 550.3187 Take the cube root
r = 8.195
