Please help. And give an explanation. I am so lost.
1 answer:
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It would take 10.7 years.
The formula for continuously compounded interest is:
where P is the principal, r is the interest rate as a decimal number, and t is the number of years.
Using our information we have:
We want to know when it will double the principal; therefore we substitute 2P for A and solve for t:
Divide both sides by P:
Take the natural log, ln, of each side to "undo" e:
Divide both sides by 0.065:
The formula for continuously compounded interest is:
where P is the principal, r is the interest rate as a decimal number, and t is the number of years.
Using our information we have:
We want to know when it will double the principal; therefore we substitute 2P for A and solve for t:
Divide both sides by P:
Take the natural log, ln, of each side to "undo" e:
Divide both sides by 0.065:
The equation of a line is given by the expression:
y=Mx + b
This is the slope form of an equation where M is the gradient of line and b is the y intercept.
For the slope, M= change in y values/ change is x values
(-3,8) , (-7,8) thus the slope m,=(8-8)/(-7--3)
m=0/-4 =0
the slope is 0
To find the b substitute the values in the equation y=Mx+b
Taking point (-3,8) and slope of 0
y=Mx+b
8=0*(-3) + b
8=0+b
8=b
The value of b is 8
The equation of the line will be;
The equation of the line is y=8
